Global marine sealants market to grow at a CAGR of 6.14% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is the increasing investments in R&D activities. Manufacturing and commercialization of biodegradable marine sealants are anticipated to drive market growth during the forecast period. R&D activities on biodegradable marine sealants focus on using feedstock such as polyols, soybean, vegetable oil, and other organic materials. The adoption of biodegradable sealants is expected to contribute to the demand for marine sealants.
The latest trend gaining momentum in the market is increasing demand for marine sealants from commercial segment. The growing oil and gas industry and increasing use of petroleum products have led to an increase in the demand for tankers.
Further, the report states that one of the major factors hindering the growth of this market is the volatile prices of raw materials.
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Product Type
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/fc3vv5/global_marine?w=4