© 2016 Global Market Insights. All Rights Reserved Marine Sealants Market To Cross 65 kilo tons by 2024 Marine Sealants Market 2016 – 2024 Market Size: USD 200 Mn in 2016 Forecast Market: USD 330 Mn by 2024

© 2016 Global Market Insights. All Rights Reserved  Marine Sealants Market size is estimated to exceed USD 330 Million by 2024; according to a new research report by Global Market Insights, Inc. Marine Sealants Market  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 food demand resulting in increasing grain trade will open new avenues for business growth. U.S. is anticipated to account for 40% of the global grain exports by Moreover, increasing number of trade routes is expected to boost the industry demand.  Strong outlook in both shipbuilding and repair applications has enhanced the product demand. Increasing product usage in passenger ships, cargo ships, tankers and military ships production will drive the industry size. Global Market Scenario of Marine Sealants Industry

© 2016 Global Market Insights. All Rights Reserved  Shifting focus towards naval power along with increasing necessity for coastal security has driven the demand for military ships and submarines. Increasing government investments on navy due to growing potential for conflicts will further encourage the product demand. Expansion in tourism industry along with rising initiatives to develop tourist ambience particularly in European countries will fuel the yachts, cruises and passenger ships demand.  Marine sealants market from shipbuilding exceeded USD 140 Million in Growth in global shipbuilding of bulk carriers, tankers, LNG and container ships will drive the demand. High product scope in deck to hull and above waterline applications will propel the industry growth.  Increasing manufacturers focus on safety along with regulatory compliance remain the key factors driving the marine sealants market. However, economic uncertainties affecting the global trade may pose a challenge for industry growth. Continue:-

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© 2016 Global Market Insights. All Rights Reserved  Application Analysis:-  Deck to hull application generated more than 20 kilotons in Short clamping time, high strength, solvent free and superior performance under high temperature will support the business growth.  Cargo ships accounted for more than 55% of the global marine sealants market share in Expansion in seaborne fleet along with increasing shipments for numerous consumer products has fueled the industry growth.  Tankers are estimated to witness gains over 3.5% up to Increasing trade of natural gas, crude oil, LNG, product oil will propel the marine sealants market growth. Request for customization:

© 2016 Global Market Insights. All Rights Reserved Regional Analysis:  Europe market is estimated to worth over USD 150 Million by Changing lifestyles along with shifting government focus on tourism development are the key driving factors of the industry demand.  North America marine sealants market will grow at 3.8% up to Increasing R&D spending and technological advancement to develop application specific products has enhanced the product penetration. Additionally, increasing shipbuilding orders for military ships is the key factor driving the regional demand. Competitive Analysis: Global industry share is highly competitive with the key industry players including Bostik, 3M, Dow Corning, Sika AG, Henkel AG and SABA. Product innovations for sustainable & ecofriendly applications along with joint ventures and acquisitions are the key strategies adopted by the manufacturers. Browse Related Report: “Adhesives and Sealants Market”

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