Sales Revenue In Marine Adhesives To Register A Stellar CAGR During 2023 – 2032 : Fact.MR

The Marine Adhesives market refers to the industry that produces and sells adhesives that are used in the marine industry for various applications such as shipbuilding, boat building, and repair. Marine adhesives are specially formulated to withstand harsh marine environments, including exposure to saltwater, UV radiation, and temperature fluctuations.

The market for marine adhesives is driven by the increasing demand for new ships and boats, as well as the growing need for repair and maintenance of existing marine vessels. Additionally, the growing trend towards eco-friendly and sustainable products is also expected to drive the market for marine adhesives.

Factors such as volatility in raw material prices, stringent regulations, and lack of standardization may act as a restraint for the market growth. Also, the increasing demand for marine adhesives in the Asia-Pacific region is expected to provide significant growth opportunities for the market players in the coming years.

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Key Segments Covered in Marine Adhesives Industry Research

  • By Resin
    • Marine Epoxy Adhesives
    • Marine Polyurethane Adhesives
    • Marine Acrylic Adhesives
  • By Substrate
    • Marine Adhesives for Metals
    • Marine Adhesives for Composites
    • Marine Adhesives for Plastics
  • By Vessel
    • Marine Cargo Adhesives
    • Marine Passenger Ship Adhesives
    • Marine Boat Adhesives
  • By Application:
    • Marine Adhesives for Deck Systems
    • Marine Adhesives for Glazing Deck Systems
    • Marine Adhesives for Panel Bonding
    • Marine Carpe Adhesives
    • Marine Wood Adhesives
    • Marine Construction Adhesives
    • Marine Vinyl Adhesives

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Key Takeaways from Market Study

  • Current market valuation of marine adhesives stands at US$ 323 Mn.
  • Demand for marine polyurethane adhesives to remain high across assessment period.
  • Market in Asia Pacific expected to amass a major share due to low production cost, better marine vessel manufacturing facilities, and increasing naval bases in the region.
  • Marine adhesives can be used only within specific temperatures, causing major restrictions in their applicability.
  • Demand in China to expand at CAGR of 6% across analysis period.

Key Companies Profiled

  • Henkel
  • 3M
  • Sika
  • ITW
  • Huntsman
  • H.B. Fuller
  • Ashland
  • Bostik
  • LORD Corporation
  • Scott Bader
  • SCIGRIP
  • WEICON
  • Gurit
  • Master Bond
  • Parson Adhesives
  • Anabond
  • HYBOND
  • SABA Dinxperlo
  • Chemique Adhesives & Sealants
  • Riëd B.V.
  • Hernon Manufacturing
  • Engineered Bonding Solutions
  • Gougeon Brothers

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Winning Strategy 

Major Players are focused on creating marine adhesives that offer better strength and efficiency. They are working on innovating and developing adhesives that can be used in varying temperature ranges.

Increased spending on leisure activities has contributed to the growth of the marine sector, which is directly aiding market expansion. Popularity of underwater sports has increased opportunities for players due to rising equipment innovations. Players are now focused on launching innovative and advanced products.

Some of the key players in the global market are Engineered Bonding Solutions, Henkel, 3M, Sika, ITW, Ashland, LORD Corporation, Scott Bader, Permabond, Bostik, H. B. Fuller, Huntsman, Anabond, Gurit, Master Bond, Hernon Manufacturing, Parson Adhesives, Chemique Adhesives & Sealants, MAPEI, and Gougeon Brothers.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

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