Marine Adhesives Market by Resin Type, Substrate, Vessel, Application, and Region - Global Forecast to 2022

  • ID: 4432972
  • Report
  • Region: Global
  • 142 Pages
  • Markets and Markets
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Marine Adhesives Market Estimated at USD 371.9 Million in 2017 and is Projected to Reach USD 466.2 Million by 2022, at a CAGR of 4.6%

FEATURED COMPANIES

  • 3M
  • Chemique Adhesives
  • Henkel
  • Illinois Tool Works (ITW)
  • Parson Adhesives
  • SCIGRIP
  • MORE

"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"

"The marine adhesives market is expected to grow at a CAGR of 4.6% from 2017 to 2022"

The marine adhesives market is estimated at 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 market is mainly driven by factors such as increased demand for marine adhesives to bond substrates such metals, plastics, composites in place of conventional fasteners to enable reduction in weight of vessels, rising demand for recreational and passenger vessels from emerging countries, as marine adhesive bonds provide safety, and due to the ease of application, there is an increasing demand for glazing and panels in new ships.

"Based on resin type, the epoxy segment is projected to lead the marine adhesives market during the forecast period"

The epoxy segment is expected to lead the marine adhesives market during the forecast period. Epoxy-based marine adhesives have different properties, which include rigid bonding, room temperature or heat cure capability to fill large gaps, and very high strength and chemical resistance. These adhesives offer excellent resistance to oil, moisture, and many solvents. Epoxy resins are one of the most versatile materials available for boat repair and construction.

"Asia-Pacific backed by the demand from South Korea, China, and Japan to lead the marine adhesives market"

China has been driving the marine adhesives market not only in the Asia-Pacific but also globally due to the rapid expansion of manufacturing abilities and increasing global orders. The global shipbuilding industry is expected to be led by the Asia-Pacific and particularly by China, South Korea, and Japan during the forecast period due to cheaper wages, strong government backing, and strong forward & backward linkage industries. The top five shipbuilding groups of 2016 in terms of order book value are Hyundai Heavy Industry (South Korea), Daewoo Shipbuilding (South Korea), China State Shipbuilding Corp. (China), Samsung Heavy Industry (South Korea), and Imabari Shipbuilding (Japan) which are present in the Asia-Pacific.

The Asia-Pacific accounts for over half of the world’s population, making it an important region for global trade and commerce. Rapid developments in the marine adhesives technology in countries such as China, India, Indonesia, Thailand, and Malaysia is expected to fuel the growth of the Asia-Pacific Marine adhesives market during the forecast period.

Breakup of primary interviews:

  • By Company Type - Tier 1 - 41%, Tier 2 - 33%, and Tier 3 - 26%
  • By Designation - C level - 35%, D level - 36%, and Others - 29%
  • By Region - Asia-Pacific - 29%, Europe - 27%, North America - 26%, South America - 10%, and the Middle East & Africa - 8%

Key companies profiled in this report 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.), Riëd B.V. (The Netherlands), Hernon Manufacturing (U.S.), Engineered Bonding Solutions (U.S.), and Gougeon Brothers (U.S.).

Research Coverage

The marine adhesives market report covers segmentations, which include by resin type (epoxy, acrylic, polyurethane, and others), by substrate (metals, composites, plastics, and others), by vessel (cargo ships, passenger ships, boats, and others), and by application (deck system, glazing system, panel bonding, and others). The application segments have been further analyzed for each country across regions.

Reasons to buy the Report

From an insight perspective, this research report has focused on various levels of analyses-industry analysis (industry trends), market share analysis of top players, benchmarking analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the marine adhesives market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on marine adhesives offered by the top players in the global marine adhesives market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the marine adhesives market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for marine adhesives across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global marine adhesives market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global marine adhesives market.
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FEATURED COMPANIES

  • 3M
  • Chemique Adhesives
  • Henkel
  • Illinois Tool Works (ITW)
  • Parson Adhesives
  • SCIGRIP
  • MORE

1 Introduction
    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 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    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

4 Premium Insights
    4.1 Attractive Opportunities for Market Players
    4.2 Marine Adhesives Market Growth, By Substrate
    4.3 Marine Adhesives Market Size in Key Countries
    4.4 APAC Marine Adhesives Market Share,  By Vessel and Country
    4.5 Marine Adhesives Market Size, By Resin
    4.6 Marine Adhesives Market Attractiveness

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Penetration of Adhesives Due to Increase in the Use of Composites as A Lightweight Material
                    5.2.1.2 Upcoming Shipbuilding Projects and Programs
           5.2.2 Restraints
                    5.2.2.1 International Maritime Organization Environmental Regulation & Other Maritime Environmental Regulations
           5.2.3 Opportunities
                    5.2.3.1 Expanding the Oil & Gas Exploration 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 ofSubstitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Marine Adhesives Market, By Resin
    6.1 Introduction
    6.2 Epoxy
    6.3 Polyurethane
    6.4 Acrylic
    6.5 Others

7 Marine Adhesives Market, By Substrate
    7.1 Introduction
    7.2 Metals
    7.3 Composites
    7.4 Plastics
    7.5 Others

8 Marine Adhesives Market, By Vessel
    8.1 Introduction
    8.2 Cargo Ships
    8.3 Passenger Ships
    8.4 Boats
    8.5 Others

9 Marine Adhesives Market, By Application
    9.1 Introduction
    9.2 Deck System
    9.3 Glazing System
    9.4 Panel Bonding
    9.5 Others

10 Marine Adhesives Market, By Region
     10.1 Introduction
     10.2 APAC
             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 APAC
     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 US
                        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 Germany
                        10.4.5.3 Norway
                        10.4.5.4 Italy
                        10.4.5.5 France
                        10.4.5.6 Netherlands
                        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
     11.1 Overview
     11.2 Market Ranking of Key Players
     11.3 Competitive Situations and Trends
             11.3.1 Investment & Expansion
             11.3.2 Partnership & Agreement
             11.3.3 New Product Development/Launch
             11.3.4 Merger & Acquisition

12 Company Profiles
     12.1 Henkel
     12.2 Sika
     12.3 3M
     12.4 Illinois Tool Works (ITW)
     12.5 H.B. Fuller
     12.6 Huntsman
     12.7 Bostik
     12.8 Ashland
     12.9 LORD
     12.1 Scott Bader
     12.11 Gurit
     12.12 Other Key Players
             12.12.1 MAPEI
             12.12.2 Permabond
             12.12.3 SCIGRIP
             12.12.4 Master Bond
             12.12.5 Parson Adhesives
             12.12.6 Hernon Manufacturing
             12.12.7 Weicon
             12.12.8 Riëd
             12.12.9 Engineered Bonding Solutions
             12.12.10 HYBOND Adhesives
             12.12.11 Chemique Adhesives
             12.12.12 Anabond
             12.12.13 SABA Dinxperlo
             12.12.14 Gougeon Brothers

List of Tables
Table 1 Marine Adhesives Market Snapshot (2017 vs. 2022)
Table 2 Global Passenger Snapshot for Ocean Cruise Ships (In Millions)
Table 3 New Orders to Key Countries in Shipbuilding Industry, 2016
Table 4 Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 5 Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 6 Epoxy-Based Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 7 Epoxy-Based Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 8 Polyurethane-Based Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 9 Polyurethane-Based Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 10 Acrylic-Based Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 11 Acrylic-Based Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 12 Other Resin-Based Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 13 Other Resin-Based 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 Composites Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 19 Composites Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 20 Plastics Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 21 Plastics Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 22 Other Marine Adhesives Substrates Market Size, By Region, 2015-2022 (Kiloton)
Table 23 Other Marine Adhesives Substrates 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 in Number, 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 Market Size, By Region, 2015-2022 (Kiloton)
Table 32 Boats Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 33 Other Vessels Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 34 Other Vessels Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 35 Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 36 Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 37 Marine Adhesives Market Size in Deck System, By Region, 2015-2022 (Kiloton)
Table 38 Marine Adhesives Market Size in Deck System, By Region, 2015-2022 (USD Million)
Table 39 Marine Adhesives Market Size in Glazing System, By Region, 2015-2022 (Kiloton)
Table 40 Marine Adhesives Market Size in Glazing System, By Region, 2015-2022 (USD Million)
Table 41 Marine Adhesives Market Size in Panel Bonding, By Region, 2015-2022 (Kiloton)
Table 42 Marine Adhesives Market Size in Panel Bonding, By Region, 2015-2022 (USD Million)
Table 43 Marine Adhesives Market Size in Other Applications, By Region, 2015-2022 (Kiloton)
Table 44 Marine Adhesives Market Size in Other Applications, By Region, 2015-2022 (USD Million)
Table 45 Marine Adhesives Market Size, By Region, 2015-2022 (Kiloton)
Table 46 Marine Adhesives Market Size, By Region, 2015-2022 (USD Million)
Table 47 APAC: Marine Adhesives Market Size, By Country, 2015-2022 (Kiloton)
Table 48 APAC: Marine Adhesives Market Size, By Country, 2015-2022 (USD Million)
Table 49 APAC: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 50 APAC: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 51 APAC: Marine Adhesives Market Size, By Substrate, 2015-2022 (Kiloton)
Table 52 APAC: Marine Adhesives Market Size, By Substrate, 2015-2022 (USD Million)
Table 53 APAC: Marine Adhesives Market Size, By Vessel, 2015-2022 (Kiloton)
Table 54 APAC: Marine Adhesives Market Size, By Vessel, 2015-2022 (USD Million)
Table 55 APAC: Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 56 APAC: Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 57 South Korea: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 58 South Korea: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 59 China: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 60 China: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 61 Japan: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 62 Japan: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 63 Philippines: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 64 Philippines: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 65 North America: Marine Adhesives Market Size, By Country, 2015-2022 (Kiloton)
Table 66 North America: Marine Adhesives Market Size, By Country, 2015-2022 (USD Million)
Table 67 North America: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 68 North America: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 69 North America: Marine Adhesives Market Size, By Substrate, 2015-2022 (Kiloton)
Table 70 North America: Marine Adhesives Market Size, By Substrate, 2015-2022 (USD Million)
Table 71 North America: Marine Adhesives Market Size, By Vessel, 2015-2022 (Kiloton)
Table 72 North America: Marine Adhesives Market Size, By Vessel, 2015-2022 (USD Million)
Table 73 North America: Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 74 North America: Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 75 US: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 76 US: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 77 Europe: Marine Adhesives Market Size, By Country, 2015-2022 (Kiloton)
Table 78 Europe: Marine Adhesives Market Size, By Country, 2015-2022 (USD Million)
Table 79 Europe: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 80 Europe: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 81 Europe: Marine Adhesives Market Size, By Substrate, 2015-2022 (Kiloton)
Table 82 Europe: Marine Adhesives Market Size, By Substrate, 2015-2022 (USD Million)
Table 83 Europe: Marine Adhesives Market Size, By Vessel, 2015-2022 (Kiloton)
Table 84 Europe: Marine Adhesives Market Size, By Vessel, 2015-2022 (USD Million)
Table 85 Europe: Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 86 Europe: Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 87 Romania: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 88 Romania: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 89 Germany: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 90 Germany: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 91 Norway: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 92 Norway: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 93 Italy: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 94 Italy: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 95 South America: Marine Adhesives Market Size, By Country, 2015-2022 (Kiloton)
Table 96 South America: Marine Adhesives Market Size, By Country, 2015-2022 (USD Million)
Table 97 South America: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 98 South America: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 99 South America: Marine Adhesives Market Size, By Substrate, 2015-2022 (Kiloton)
Table 100 South America: Marine Adhesives Market Size, By Substrate, 2015-2022 (USD Million)
Table 101 South America: Marine Adhesives Market Size, By Vessel, 2015-2022 (Kiloton)
Table 102 South America: Marine Adhesives Market Size, By Vessel, 2015-2022 (USD Million)
Table 103 South America: Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 104 South America: Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 105 Brazil: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 106 Brazil: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 107 Middle East & Africa: Marine Adhesives Market Size, By Country, 2015-2022 (Kiloton)
Table 108 Middle East & Africa: Marine Adhesives Market Size, By Country, 2015-2022 (USD Million)
Table 109 Middle East & Africa: Marine Adhesives Market Size, By Resin, 2015-2022 (Kiloton)
Table 110 Middle East & Africa: Marine Adhesives Market Size, By Resin, 2015-2022 (USD Million)
Table 111 Middle East & Africa: Marine Adhesives Market Size, By Substrate, 2015-2022 (Kiloton)
Table 112 Middle East & Africa: Marine Adhesives Market Size, By Substrate, 2015-2022 (USD Million)
Table 113 Middle East & Africa: Marine Adhesives Market Size, By Vessel, 2015-2022 (Kiloton)
Table 114 Middle East & Africa: Marine Adhesives Market Size, By Vessel, 2015-2022 (USD Million)
Table 115 Middle East & Africa: Marine Adhesives Market Size, By Application, 2015-2022 (Kiloton)
Table 116 Middle East & Africa: Marine Adhesives Market Size, By Application, 2015-2022 (USD Million)
Table 117 Market Ranking of Key Players (2016)
Table 118 Investments & Expansions, 2015-September 2017
Table 119 Partnerships & Agreements, 2015 -September 2017
Table 120 New Product Developments/Launches, 2015 - September 2017
Table 121 Mergers & Acquisitions, 2015 -September 2017

List of Figures
Figure 1 Marine Adhesives Market Segmentation
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 Composites to Register Highest CAGR in Marine Adhesives Market During Forecast Period
Figure 7 Epoxy-Based Marine Adhesives to Register Highest CAGR During Forecast Period
Figure 8 Cargo Ships to Account for Largest Share of Marine Adhesives Market By 2022
Figure 9 Deck System to Account for Largest Share of Marine Adhesives Market By 2022
Figure 10 APAC Accounted for Largest Share of Marine Adhesives Market in 2016
Figure 11 Emerging Economies to Offer Lucrative Growth Opportunities to Key Players in Marine Adhesives Market Between 2017 and 2022
Figure 12 Composites Segment to Register the Highest CAGR Between 2017 and 2022
Figure 13 China to Be the Fastest Growing Marine Adhesives Market
Figure 14 Cargo Ships Segment Accounted for Largest Share in APAC Marine Adhesives Market in 2016
Figure 15 Epoxy Resin to Lead Marine Adhesives Market During Forecast Period
Figure 16 China to Account for the Highest CAGR in Marine Adhesives Market
Figure 17 Drivers, Restraints, Opportunities, and Challenges in Marine Adhesives Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Epoxy-Based Adhesives to Lead Marine Adhesives Market Between 2017 and 2022
Figure 20 Metal Substrates Segment to Lead Marine Adhesives Market Between 2017 and 2022
Figure 21 Cargo Ships Segment to Lead the Marine Adhesives Market, 2017-2022
Figure 22 Deck System to Register the Highest CAGR in Marine Adhesives Market
Figure 23 APAC has the Highest CAGR in Marine Adhesives Market, By Application
Figure 24 APAC Market Snapshot: South Korea is the Largest Marine Adhesives Market
Figure 25 North America Market Snapshot: US to Account for the Largest Market Share
Figure 26 Europe Market Snapshot: Romania to Account for the Largest Market Share
Figure 27 Companies Adopted Investments & Expansions as the Key Growth Strategy Between 2015 and September 2017
Figure 28 Henkel: Company Snapshot
Figure 29 Sika: Company Snapshot
Figure 30 3M: Company Snapshot
Figure 31 ITW: Company Snapshot
Figure 32 H.B. Fuller: Company Snapshot
Figure 33 Huntsman: Company Snapshot
Figure 34 Ashland: Company Snapshot
Figure 35 Gurit: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Chemique Adhesives
  • Henkel
  • Illinois Tool Works (ITW)
  • Parson Adhesives
  • SCIGRIP
  • MORE

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.), Riëd 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.

Note: Product cover images may vary from those shown
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  • 3M
  • Anabond
  • Ashland
  • Bostik
  • Chemique Adhesives
  • Engineered Bonding Solutions
  • Gougeon Brothers
  • Gurit
  • H.B. Fuller
  • HYBOND Adhesives
  • Henkel
  • Hernon Manufacturing
  • Huntsman
  • Illinois Tool Works (ITW)
  • LORD
  • MAPEI
  • Master Bond
  • Parson Adhesives
  • Permabond
  • Riëd
  • SABA Dinxperlo
  • SCIGRIP
  • Scott Bader
  • Sika
  • Weicon
Note: Product cover images may vary from those shown
6 of 4
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