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Based on Technavio's market sizing methodology, the marine sealants market size is predicted to surge by USD 96.02 million from 2021 to 2026 at a CAGR of 6.79%.
This marine sealants market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The marine sealants market report also offers information on several market vendors, including 3M Co., Adshead Ratcliffe and Co. Ltd., Alpha Adhesives and Sealants Ltd., Archello BV, Arkema Group, Avery Dennison Corp., Comus Solutions, DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman International LLC, Illinois Tool Works Inc., Love and Pieces LLC, Pioneer Adhesives Inc., RPM International Inc., SABA Dinxperlo BV, Shin Etsu Chemical Co. Ltd., Sika AG, Star brite Inc., and The Dow Chemical Co. among others.
This report extensively covers marine sealants market segmentation by the following:
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Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The growth of the shipbuilding industry is notably driving the marine sealants market growth, although factors such as the volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine sealants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Marine Sealants Market Driver
Key Marine Sealants Market Trend
Key Marine Sealants Market Challenge
This marine sealants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global marine sealants market as a part of the global diversified chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the marine sealants market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the marine sealants market encompasses successful business strategies deployed by the key vendors. The marine sealants market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The marine sealants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the marine sealants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for marine sealants in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising use of sealants to improve the efficiency of ships and increase cargo transportation will facilitate the marine sealants market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The marine sealants market in APAC witnessed certain challenges in 2020 due to the COVID-19 pandemic. COVID-19 has affected the operations of the marine industry due to COVID-19-related shutdowns. Hence, the recovery of the marine sealants market in APAC from the COVID-19 crisis is dependent on the recovery strategies adopted by the marine industry in the region. Some governments in the region have also announced support for the development of the marine industry. Such government initiatives for the development of the marine industry can increase the demand for marine sealants during the forecast period.
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The marine sealants market share growth by the polysulfide segment will be significant during the forecast period. The increasing use of polysulfide in plastic fittings in the marine industry is driving the growth of the global marine sealants market. Polysulfide is popularly used as a sealant in the marine industry as it adheres to wooden objects and surfaces of marine objects. Factors such as easy application and availability of this material drive the growth of this segment. In addition, it offers excellent resistance to gasoline, teak oil, and diesel fuel. There is a high demand for polysulfide sealant in the marine industry as it can be used above and below the waterline.
This report provides an accurate prediction of the contribution of all the segments to the growth of the marine sealants market size and actionable market insights on the post-COVID-19 impact on each segment.
Marine Sealants Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.79% |
Market growth 2022-2026 |
$96.02 million |
Market structure |
Fragmented |
YoY growth (%) |
6.07 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key consumer countries |
US, China, India, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Adshead Ratcliffe and Co. Ltd., Alpha Adhesives and Sealants Ltd., Archello BV, Arkema Group, Avery Dennison Corp., Comus Solutions, DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman International LLC, Illinois Tool Works Inc., Love and Pieces LLC, Pioneer Adhesives Inc., RPM International Inc., SABA Dinxperlo BV, Shin Etsu Chemical Co. Ltd., Sika AG, Star brite Inc., and The Dow Chemical Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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