Sealant is a substance used to block the passage of fluids through the surface or joints or openings in materials, a type of mechanical seal. In building construction sealant is sometimes synonymous with caulking and also serve the purposes of blocking dust, sound and heat transmission. Sealants may be weak or strong, flexible or rigid, permanent or temporary. Sealants are not adhesives but some have adhesive qualities and are called adhesive-sealants or structural sealants.
Growth in global trade for crude oil, coal and other resources along with rapid globalization will propel the marine sealants market growth. Seaborne trade accounts for 90% of the overall international trade. Increasing global GDP coupled with recovery from economic crisis will stimulate the industry growth. Rising demand for food is a key factor to drive the marine sealants market. Asia-Pacific is the key regional market for marine sealant industry with the significant developments witnessed in China, India and Japan. Asia-pacific is expected to maintain its position in marine sealant market due to rapid industrialization. Additionally, Europe marine sealants is estimated to grow over the forecast period, However, the region is expected to witness economic uncertainties and stringent emission regulations for fleet dealers to shift to environment friendly products.
In 2019, the market size of Marine Sealant is 1590 million US$ and it will reach 2220 million US$ in 2025, growing at a CAGR of 4.9% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Marine Sealant.
This report studies the global market size of Marine Sealant, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Marine Sealant production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Illinois Tool Works
RPM International
Franklin International
H.B. Fuller
Henkel
Sika
SABA
Bostik
Market Segment by Product Type
Silicone
Polyurethane
Polysulfide
Butyl
Market Segment by Application
Water-Line Sealing
Below Water-Line Sealing
Deck to Hull
Window Bonding
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Marine Sealant status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Marine Sealant manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Marine Sealant are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Marine Sealant. Industry analysis & Market Report on Marine Sealant is a syndicated market report, published as Global (United States, European Union and China) Marine Sealant Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Marine Sealant market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.