HOME Top Market Reports Marine Adhesives Market by Resin Type (Epoxy, Acrylic, Polyurethane), Substrate (Metals, Composites, Plastics), Vessel (Cargo Ships, Passenger Ships, Boats), Application (Deck System, Glazing System, Panel Bonding), and Region - Global Forecast to 2022

Marine Adhesives Market by Resin Type (Epoxy, Acrylic, Polyurethane), Substrate (Metals, Composites, Plastics), Vessel (Cargo Ships, Passenger Ships, Boats), Application (Deck System, Glazing System, Panel Bonding), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: CH 5706

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The marine adhesives market is estimated at USD 354.9 Million in 2016 and is projected to reach USD 466.2 Million by 2022, at a CAGR of 4.6% during the forecast period. The forecast period has been considered from 2017 to 2022, while 2016 is considered as the base year to estimate the market size.

This report aims to estimate the size and future growth of the marine adhesives market across different segments such as resin type, application, and region. It analyzes the opportunities in the market for stakeholders and presents a competitive landscape for market leaders. Factors such as drivers, restraints, opportunities, and industry-specific challenges influencing market growth have also been studied in this report.

Top-down and bottom-up approaches were used to estimate and validate the size of the global market as well as that of various other dependent submarkets in the marine adhesives market. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, related associations/institutes, and other government associations. Public as well as private company websites were also used to identify and collect information useful for a technical, market-oriented, and commercial study of the global marine adhesives market. After arriving at the total market size, the overall market was split into several segments and subsegments. The figure given below provides a breakdown of the primaries conducted during the research study based on company type, designation, and region.

Marine Adhesives Market

To know about the assumptions considered for the study, download the pdf brochure

Key manufacturers of marine adhesives are Henkel (Germany), 3M (U.S.), Sika (Switzerland), ITW (U.S.), Huntsman (U.S.), H.B. Fuller (U.S.), Ashland (U.S.), Bostik (France), LORD Corporation (U.S.), Scott Bader (U.K.), MAPEI (Italy), Permabond (U.K.), SCIGRIP (U.S.), WEICON (Germany), Gurit (Switzerland), Master Bond (U.S.), Parson Adhesives (U.S.), Anabond (India), HYBOND (U.K.),   SABA Dinxperlo (The Netherlands), Chemique Adhesives & Sealants (U.K.), Riλd B.V. (The Netherlands), Hernon Manufacturing (U.S.), Engineered Bonding Solutions (U.S.), and Gougeon Brothers (U.S.).

Key Target Audience:

  • Manufacturers of Marine Adhesives
  • Raw Material Suppliers
  • Manufacturers of Marine Adhesives catering to applications such as deck systems, glazing systems, and panel bonding
  • Traders, Distributors, and Suppliers of Marine Adhesives
  • Regional Manufacturer Associations and General Marine Adhesives Associations
  • NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms

The scope of the report:

This research report categorizes the global marine adhesives market based on resin type, application, and region.

Based on Resin Type:

  • Epoxy
  • Polyurethane
  • Acrylic
  • Others

Based on Substrate Type:

  • Metals
  • Composites
  • Plastics
  • Others

Based on Vessel:

  • Cargo
  • Passenger
  • Boats
  • Others

Based on Application:

  • Deck Systems
  • Glazing
  • Panel Bonding
  • Others

Based on Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the marine adhesives market

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities for Market Players
    4.2 Marine Adhesives Market, By Resin
    4.3 Marine Adhesives Market: Developed vs Emerging Nations
    4.4 Asia-Pacific Marine Adhesives Market, By Application and Country
    4.5 Marine Adhesives Market, By Substrate
    4.6 Marine Adhesives Market

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Penetration of Composites as A Lightweight Material
                    5.2.1.2 Upcoming of New Shipbuilding Projects and Programs
           5.2.2 Restraints
                    5.2.2.1 International Maritime Organization Environmental Regulation & Others Maritime Environmental Regulations
           5.2.3 Opportunities
                    5.2.3.1 Rapid Growth in Oil & Gas Industry
                    5.2.3.2 Increased Use of Adhesives Determined By the Construction of Multi-Material Marine Structures
           5.2.4 Challenges
                    5.2.4.1 Increasing Demand for Sustainable Adhesives
    5.3 Porter’s Five Forces Analysis
           5.3.1  Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Trends and Forecast of GDP
           5.4.2 Trends of Marine Industry

6 Marine Adhesives Market, By Resin (Page No. - 48)
    6.1 Introduction
    6.2 Epoxy
    6.3 Polyurethane
    6.4 Acrylic
    6.5 Others

7 Marine Adhesives Market, By Substrate (Page No. - 55)
    7.1 Introduction
    7.2 Metals
    7.3 Composite
    7.4 Plastic
    7.5 Other

8 Marine Adhesives Market, By Vessel (Page No. - 62)
    8.1 Introduction
    8.2 Cargo Ships
    8.3 Passenger Ships
    8.4 Boats
    8.5 Others

9 Marine Adhesives Market, By Application (Page No. - 69)
    9.1 Introduction
    9.2 Deck System
    9.3 Glazing System
    9.4 Panel Bonding
    9.5 Other

10 Marine Adhesives Market, By Region (Page No. - 75)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 Marine Adhesives Market, By Resin
             10.2.2 Marine Adhesives Market, By Substrate
             10.2.3 Marine Adhesives Market, By Vessel
             10.2.4 Marine Adhesives Market, By Application
             10.2.5 Marine Adhesives Market, By Country
                        10.2.5.1 South Korea
                        10.2.5.2 China
                        10.2.5.3 Japan
                        10.2.5.4 Philippines
                        10.2.5.5 Taiwan
                        10.2.5.6 Vietnam
                        10.2.5.7 Rest of Asia-Pacific
     10.3 North America
             10.3.1 Marine Adhesives Market, By Resin
             10.3.2 Marine Adhesives Market, By Substrate
             10.3.3 Marine Adhesives Market, By Vessel
             10.3.4 Marine Adhesives Market, By Application
             10.3.5 Marine Adhesives Market, By Country
                        10.3.5.1 U.S.
                        10.3.5.2 Rest of North America
     10.4 Europe
             10.4.1 Marine Adhesives Market, By Resin
             10.4.2 Marine Adhesives Market, By Substrate
             10.4.3 Marine Adhesives Market, By Vessel
             10.4.4 Marine Adhesives Market, By Application
             10.4.5 Marine Adhesives Market, By Country
                        10.4.5.1 Romania
                        10.4.5.2 Italy
                        10.4.5.3 Germany
                        10.4.5.4 France
                        10.4.5.5 Netherlands
                        10.4.5.6 Norway
                        10.4.5.7 Finland
                        10.4.5.8 Turkey
                        10.4.5.9 Spain
                        10.4.5.10 Russia
                        10.4.5.11 Croatia
                        10.4.5.12 Rest of Europe
     10.5 South America
             10.5.1 Marine Adhesives Market, By Resin
             10.5.2 Marine Adhesives Market, By Substrate
             10.5.3 Marine Adhesives Market, By Vessel
             10.5.4 Marine Adhesives Market, By Application
             10.5.5 Marine Adhesives Market, By Country
                        10.5.5.1 Brazil
                        10.5.5.2 Rest of South America
     10.6 Middle East & Africa
             10.6.1 Marine Adhesives Market, By Resin
             10.6.2 Marine Adhesives Market, By Substrate
             10.6.3 Marine Adhesives Market, By Vessel
             10.6.4 Marine Adhesives Market, By Application
             10.6.5 Marine Adhesives Market, By Country
                        10.6.5.1 UAE
                        10.6.5.2 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 120)
     11.1 Introduction
     11.2 Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio (25 Companies)
             11.3.2 Business Strategy Excellence (25 Companies)
     11.4 Market Ranking of Key Players

12 Company Profiles (Page No. - 125)
     12.1 Henkel
             12.1.1 Business Overview
             12.1.2 Products Offered
             12.1.3 Strength of Product Portfolio
             12.1.4 Business Strategy Excellence
             12.1.5 Recent Developments
     12.2 Sika
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Strength of Product Portfolio
             12.2.4 Business Strategy Excellence
     12.3 3M
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Strength of Product Portfolio
             12.3.4 Business Strategy Excellence
             12.3.5 Recent Developments
     12.4 Huntsman
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Strength of Product Portfolio
             12.4.4 Business Strategy Excellence
             12.4.5 Recent Developments
     12.5 Illinois Tool Works
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Strength of Product Portfolio
             12.5.4 Business Strategy Excellence
     12.6 Bostik
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Strength of Product Portfolio
             12.6.4 Business Strategy Excellence
             12.6.5 Recent Developments
     12.7 H.B. Fuller
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Strength of Product Portfolio
             12.7.4 Business Strategy Excellence
             12.7.5 Recent Developments
     12.8 Ashland
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Strength of Product Portfolio
             12.8.4 Business Strategy Excellence
     12.9 Lord Corporation
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Strength of Product Portfolio
             12.9.4 Business Strategy Excellence
             12.9.5 Recent Developments
     12.10 Scott Bader Company Ltd.
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Strength of Product Portfolio
             12.10.4 Business Strategy Excellence
             12.10.5 Recent Developments
     12.11 Gurit
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
     12.12 Mapei
             12.12.1 Business Overview
     12.13 Permabond
             12.13.1 Business Overview
     12.14 Scigrip
             12.14.1 Business Overview
     12.15 Master Bond
             12.15.1 Business Overview
     12.16 Parson Adhesives
             12.16.1 Business Overview
     12.17 Hernon Manufacturing
             12.17.1 Business Overview
     12.18 Weicon
             12.18.1 Business Overview
     12.19 Riλd B.V.
             12.19.1  Business Overview
     12.20 Engineered Bonding Solutions
             12.20.1 Business Overview
     12.21 Hybond Adhesives
             12.21.1 Business Overview
     12.22 Chemique Adhesives
             12.22.1 Business Overview
     12.23 Anabond
             12.23.1 Business Overview
     12.24 Saba Dinxperlo
             12.24.1 Business Overview
     12.25 Gougeon Brothers
             12.25.1 Business Overview

13 Appendix (Page No. - 151)
     13.1 Key Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Authors Details


List of Tables (117 Tables)

Table 1 Marine Adhesives Market Snapshot (2017 vs 2022)
Table 2 Trends and Forecast of GDP, 2015–2022 (USD Billion)
Table 3 Ships Built By Country, 2014-2016 (Gross Tonnage)
Table 4 Marine Adhesives Market Size, By Resin, 2015–2022 (Kiloton)
Table 5 Marine Adhesives Market Size, By Resin, 2015–2022 (Kiloton)
Table 6 Epoxy Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 7 Epoxy Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 8 Polyurethane Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Polyurethane Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 10 Acrylic Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Acrylic Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 12 Other Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Other Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 14 Marine Adhesives Market Size, By Substrate, 2015–2022 (Kiloton)
Table 15 Marine Adhesives Market Size, By Substrate, 2015–2022 (USD Million)
Table 16 Metal Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 17 Metal Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 18 Composite Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 19 Composite Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 20 Plastic Marine Adhesives By Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Plastic Marine Adhesives By Market Size, By Region, 2015–2022 (USD Million)
Table 22 Other Marine Adhesives By Market Size, By Region, 2015–2022 (Kiloton)
Table 23 Other Marine Adhesives By Market Size, By Region, 2015–2022 (USD Million)
Table 24 Marine Adhesives Market Size, By Vessel, 2015–2022 (Kiloton)
Table 25 Marine Adhesives Market Size, By Vessel, 2015–2022 (USD Million)
Table 26 Cargo Ships Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Cargo Ships Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 28 Ocean, and River Cruise Line Demand, 2017-2026
Table 29 Passenger Ships Marine Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 30 Passenger Ships Marine Adhesives Market Size, By Region, 2015–2022 (USD Million)
Table 31 Boats Marine Adhesives By Market Size, By Region, 2015–2022 (Kiloton)
Table 32 Boats Marine Adhesives By Market Size, By Region, 2015–2022 (USD Million)
Table 33 Other Marine Adhesives By Market Size, By Region, 2015–2022 (Kiloton)
Table 34 Other Marine Adhesives By Market Size, By Region, 2015–2022 (USD Million)
Table 35 Marine Adhesives By Market Size, By Application, 2015–2022 (Kiloton)
Table 36 Marine Adhesives By Market Size, By Application, 2015–2022 (USD Million)
Table 37 Marine Adhesives By Market Size in Deck System, By Region, 2015–2022 (Kiloton)
Table 38 Marine Adhesives By Market Size in Deck System, By Region, 2015–2022 (USD Million)
Table 39 Marine Adhesives By Market Size in Glazing System, By Region, 2015–2022 (Kiloton)
Table 40 Marine Adhesives By Market Size in Glazing System, By Region, 2015–2022 (USD Million)
Table 41 Marine Adhesives By Market Size in Panel Bonding, By Region, 2015–2022 (Kiloton)
Table 42 Marine Adhesives By Market Size in Panel Bonding, By Region, 2015–2022 (USD Million)
Table 43 Marine Adhesives By Market Size in Other Applications, By Region, 2015–2022 (Kiloton)
Table 44 Marine Adhesives By Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 45 Marine Adhesives By Market Size, By Region, 2015–2022 (Kiloton)
Table 46 Marine Adhesives By Market Size, By Region, 2015–2022 (USD Million)
Table 47 Asia-Pacific: By Market Size, By Country, 2015–2022 (Kiloton)
Table 48 Asia-Pacific: By Market Size, By Country, 2015–2022 (USD Million)
Table 49 Asia-Pacific: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 50 Asia-Pacific: By Market Size, By Resin, 2015–2022 (USD Million)
Table 51 Asia-Pacific: By Market Size, By Substrate, 2015–2022 (Kiloton)
Table 52 Asia-Pacific: By Market Size, By Substrate, 2015–2022 (USD Million)
Table 53 Asia-Pacific: By Market Size, By Vessel, 2015–2022 (Kiloton)
Table 54 Asia-Pacific: By Market Size, By Vessel, 2015–2022 (USD Million)
Table 55 Asia-Pacific: By Market Size, By Application, 2015–2022 (Kiloton)
Table 56 Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 57 South Korea: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 58 South Korea: By Market Size, By Resin, 2015–2022 (USD Million)
Table 59 China: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 60 China: By Market Size, By Resin, 2015–2022 (USD Million)
Table 61 Japan: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 62 Japan: By Market Size, By Resin, 2015–2022 (USD Million)
Table 63 Philippines: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 64 Philippines: By Market Size, By Resin, 2015–2022 (USD Million)
Table 65 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 66 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 67 North America: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 68 North America: By Market Size, By Resin, 2015–2022 (USD Million)
Table 69 North America: By Market Size, By Substrate, 2015–2022 (Kiloton)
Table 70 North America: By Market Size, By Substrate, 2015–2022 (USD Million)
Table 71 North America: By Market Size, By Vessel, 2015–2022 (Kiloton)
Table 72 North America: By Market Size, By Vessel, 2015–2022 (USD Million)
Table 73 North America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 74 North America: By Market Size, By Application, 2015–2022 (USD Million)
Table 75 U.S.: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 76 U.S.: By Market Size, By Resin, 2015–2022 (USD Million)
Table 77 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 78 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 79 Europe: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 80 Europe: By Market Size, By Resin, 2015–2022 (USD Million)
Table 81 Europe: By Market Size, By Substrate, 2015–2022 (Kiloton)
Table 82 Europe: By Market Size, By Substrate, 2015–2022 (USD Million)
Table 83 Europe: By Market Size, By Vessel, 2015–2022 (Kiloton)
Table 84 Europe: By Market Size, By Vessel, 2015–2022 (USD Million)
Table 85 Europe: By Market Size, By Application, 2015–2022 (Kiloton)
Table 86 Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 87 Romania: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 88 Romania: By Market Size, By Resin, 2015–2022 (USD Million)
Table 89 Italy: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 90 Italy: By Market Size, By Resin, 2015–2022 (USD Million)
Table 91 Germany: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 92 Germany: By Market Size, By Resin, 2015–2022 (USD Million)
Table 93 France: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 94 France: By Market Size, By Resin, 2015–2022 (USD Million)
Table 95 South America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 96 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 97 South America: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 98 South America: By Market Size, By Resin, 2015–2022 (USD Million)
Table 99 South America: By Market Size, By Substrate, 2015–2022 (Kiloton)
Table 100 South America: By Market Size, By Substrate, 2015–2022 (USD Million)
Table 101 South America: By Market Size, By Vessel, 2015–2022 (Kiloton)
Table 102 South America: By Market Size, By Vessel, 2015–2022 (USD Million)
Table 103 South America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 104 South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 105 Brazil: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 106 Brazil: By Market Size, By Resin, 2015–2022 (USD Million)
Table 107 Middle East & Africa: By Market Size, By Country, 2015–2022 (Kiloton)
Table 108 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 109 Middle East & Africa: By Market Size, By Resin, 2015–2022 (Kiloton)
Table 110 Middle East & Africa: By Market Size, By Resin, 2015–2022 (USD Million)
Table 111 Middle East & Africa: By Market Size, By Substrate, 2015–2022 (Kiloton)
Table 112 Middle East & Africa: By Market Size, By Substrate, 2015–2022 (USD Million)
Table 113 Middle East & Africa: By Market Size, By Vessel, 2015–2022 (Kiloton)
Table 114 Middle East & Africa: By Market Size, By Vessel, 2015–2022 (USD Million)
Table 115 Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 116 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 117 Market Ranking of Key Players (2016)


List of Figures (34 Figures)

Figure 1 Market Covered
Figure 2 Marine Adhesives Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Marine Adhesives: Data Triangulation
Figure 6 Asia-Pacific Marine Adhesives Market to Register Highest CAGR During the Forecast Period
Figure 7 Polyurethane to Register Highest CAGR During Forecast Period
Figure 8 Asia-Pacific Accounted for Largest Share of Marine Adhesives Market, 2016
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities for Key Players in the Marine Adhesives Market
Figure 10 Polyurethane Segment of Marine Adhesives Market is Projected to Grow at Highest CAGR Between 2017 and 2022
Figure 11 Marine Adhesives Market in Emerging Countries Projected to Grow at Higher Rates as Compared to Those in Developed Countries
Figure 12 Cargo Ships Accounted for Largest Share of Asia-Pacific Marine Adhesives Market in 2016
Figure 13 Metal Substrate to Lead the Marine Adhesives Market During Forecast Period
Figure 14 South Korea and China Accounted for Largest Shares of Marine Adhesives Market in 2016
Figure 15 Drivers, Restraints, Opportunities, and Challenges for Marine Adhesives Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Epoxy Segment to Lead the Marine Adhesives Market, 2017–2022
Figure 18 Metal Substrates Segment to Dominate Marine Adhesives Market, Between 2017 and 2022
Figure 19 Cargo Ships Segment to Lead the Marine Adhesives Market, 2017–2022
Figure 20 Deck System Segment to Register the Highest Growth Rate in the Marine Adhesives Market
Figure 21 Regional Snapshot: China and India are High Growth Markets for Marine Adhesives
Figure 22 Asia-Pacific has the Highest Growth for All Marine Adhesives Application
Figure 23 Asia-Pacific Market Snapshot: South Korea is the Largest Marine Adhesives Market
Figure 24 North America Market Snapshot: the U.S. to Account for the Largest Market Share
Figure 25 Europe Market Snapshot: Germany to Account for the Largest Market Share
Figure 26 Competitive Leadership Mapping, 2016
Figure 27 Henkel: Company Snapshot
Figure 28 Sika AG: Company Snapshot
Figure 29 3M: Company Snapshot
Figure 30 Huntsman International LLC.: Company Snapshot
Figure 31 Illinois Tool Works: Company Snapshot
Figure 32 H.B. Fuller: Company Snapshot
Figure 33 Ashland: Company Snapshot
Figure 34 Gurit: Company Snapshot

The global marine adhesives market is estimated to be USD 371.9 Million in 2017 and is projected to reach USD 466.2 Million by 2022, at a CAGR of 4.6% from 2017 to 2022. The growing demand for yachts, cruises, recreational boats, and commercial vessels have led to an increase in the demand for marine adhesives from the marine industry.

Based on vessel type, the boats segment is projected to witness the highest growth during the forecast period. In the coming years, with the increasing disposable income and rising spending on recreational and leisure activities, the population in various countries across the globe is expected to indulge in recreational boating activities. The growing coastal and maritime tourism is also expected to contribute significantly to the growth of the recreational boating market in North America and Europe. The marine adhesives market in Asia-Pacific, South America, and the Middle East & Africa is expected to witness a significant growth in the coming years.

Based on resin type, the polyurethane segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increasing use of polyurethane adhesives in the deck to hull bonding, general purpose bonding above and below the waterline, glass window bonding, wood deck caulking, bonding hatches & port lights, bonding deck hardware, and interior & exterior decorative panels. Polyurethane adhesives can be elastic or rigid, depending on the structure of thermoset or elastomer and curing technique.

The Asia-Pacific marine adhesives market is projected to witness the highest growth from 2017 to 2022, in terms of value and volume. Manufacturers of marine adhesives are targeting this region, as the marine industry in the region is the largest, globally.

The China marine adhesives market has grown rapidly in the recent years and is projected to witness high growth in the near future, due to the establishment of marine adhesive production facilities by several global manufacturers in the country. Countries such as the Philippines, Thailand, and Indonesia are making significant investments in various marine projects, which is anticipated to propel the growth of the marine adhesives market in these countries.

Marine Adhesives Market

The growth of the marine adhesives market may be restrained by the rising environmental concerns and regulatory policies and the increasing use of eco-friendly products in various applications in several countries around the globe. Global manufacturers of marine adhesives are focusing on ensuring safety and avoiding health issues associated with VOC emissions from chemical products.

Companies such as Henkel (Germany), 3M (U.S.), Sika (Switzerland), ITW (U.S.), Huntsman (U.S.), H.B. Fuller (U.S.), Ashland (U.S.), Bostik (France), LORD Corporation (U.S.), Scott Bader (U.K.), MAPEI (Italy), Permabond (U.K.), SCIGRIP (U.S.), WEICON (Germany), Gurit (Switzerland), Master Bond (U.S.), Parson Adhesives (U.S.), Anabond (India), HYBOND (U.K.),   SABA Dinxperlo (The Netherlands), Chemique Adhesives & Sealants (U.K.), Riλd B.V. (The Netherlands), Hernon Manufacturing (U.S.), Engineered Bonding Solutions (U.S.), and Gougeon Brothers (U.S.) are the key players in the global marine adhesives market. Diverse product portfolios, strategically positioned R&D centers, adoption of varied development strategies, and technological advancements are some of the factors that have helped the companies strengthen their position in the marine adhesives market. These players have been adopting various organic and inorganic strategies to achieve growth in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Coatings Adhesives Sealants and Elastomers Markets on KnowledgeStore
Request Demo