How Big is the Opportunity for Marine Adhesives Manufacturers Amidst Rising Eco-conservation Regulations? New Study Analyzes
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How Big is the Opportunity for Marine Adhesives Manufacturers Amidst Rising Eco-conservation Regulations? New Study Analyzes

Wednesday, January 6, 2021 9:00 AM
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Market players need to realign their production procedures to comply with regulations and meet expectations of end-users.

DUBAI, UAE / ACCESSWIRE / January 6, 2021 / The Marine Adhesives market will witness growing pressure of environmental conservation, and manufacturers will need to take a sustainable approach, opines a new study by Dubai-based consulting firm Fact.MR. The shift away from chemical-based adhesives is not an outlier - entire categories are facing pressures from tightening regulations. However, as vaccine development invokes optimism of a recovery in 2021, marine adhesive companies can look forward to demand picking up from key industries.

"Increasing R&D activities for the manufacturing of eco-friendly products will remain central to the long-term strategy of market players." says the Fact.MR report.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=5412

Key Takeaways

  • Use of marine adhesives in building, repairing, and management of boats will be the highest
  • The ‘above the waterline' application segment will continue to remain lucrative
  • Polyurethane will remain key beneficiary segment owing to its extensive applicability range in marine vessel production
  • APAC will be a key revenue generator and will offset sluggishness in traditional strongholds

Marine Adhesives Market - Driving Factors

Increase in substitute of traditional methods with marine adhesives due to their good flexibility, high durability and easy to use, is a major aspect driving the growth.

Increase in shipbuilding has spurred demand for high-performance marine adhesives for product quality. Consequently, marine adhesives demand has grown substantially in this sector.

Growing use of marine adhesives to plastic, composite, and bond metal components is likely to create opportunities

Constraints

Harmful emissions such as volatile organic compounds are hindering market growth

Growing regulatory policies, due to growing environmental concerns, are posing as a challenge

Anticipated Market Impact by COVID-19 Outbreak

Demand has decelerated due to a slump induced by the COVID-19 outbreak. Limitations imposed by governments to avert the spread of COVID-19 have impacted negatively on the entire value-chain.

Competition Landscape

Key marine adhesive manufacturers are focusing on research & development activities as well as are implementing key market strategies such as mergers & acquisition to extend their product portfolios.A few of the leading players operating in the global market include Dow Corning Corporation, SABA, 3M, Henkel AG & Company, Bostik, Adshead Ratcliffe & Co, and Sika.

More on the Report

The Fact.MR's market research report provides in-depth insights into the marine adhesives market. The market is scrutinized based on application (frame to hull bonding, window sealing, deck hatch sealing, below the waterline, above the waterline, and others), resin (epoxy, polyurethane, silicone, and others), vessel type (luxury cruise, passenger ships, cargo ships, boats, and others), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).

Explore Wide-ranging Coverage of Fact.MR's Chemical & Materials Landscape

UV Cured Adhesives Market: Find insights on the UV cured adhesives market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.

Two Component Adhesives Market: Fact.MR's report on the two component adhesives market offers insights on the market during 2020-2030, including restraints, revenue sources, market leaders, and market strategies.

Adhesives Market: Read an analysis of the adhesives market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.

About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries.Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: [email protected]
Web: https://www.factmr.com/

SOURCE: Fact.MR

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