Marine Adhesives Market 2022 - By Resin Type, By Substrate Type, By Application & Global Region - Market Size, Trends, Opportunity, Forecast 2027
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Marine adhesives have a great history in marine and shipbuilding industries as it provides protection against weather, chemicals, water and environmental degradation. Moreover, todays adhesives have improved as it provides a strong lightweight bonds to watertight sealing and structural components between substrates. Continuous improvement in the structural bonding capabilities has increased the use of lightweight one-piece composite hull by diminishing the construction time and improving the aesthetics. Moreover, flexibility, durability, and longevity of bonded parts have also improved as the use of adhesives have been increased. Latest adhesives have seen some innovations such as improved UV and chemical resistance along with vibration and noise dampening.
The most important factors which is boosting the growth of marine adhesives market is the raising use of vessels, cargo ships and passengers ships for various purposes such as transportation, military uses, patrolling uses and others. In last couple of years for promoting the marine sports and international relations the developed countries such as U.S., Switzerland, UK, Australia and others have initiated the marine adventure sports. Marine sports are gaining great popularity among the young people. Owing to which the raising utilization of boats, sports ships and cruise has witnessed a rise in the use of marine adhesives during the forecasted period. In past few years, across the globe there has been a rapid growth in the global cargo trade and a steep growth in intra-regional trades for various products. Moreover, continuous research and development program to create great quality marine adhesives for instance Sika has developed i-cure technology for making the application of adhesives more simpler and easy to use which also results in the boosting the market growth. However, the change in the price of raw material is restricting the growth of the marine adhesives market. Moreover, the maritime tourism is observing a significant growth which contributes to the demand for recreational boating and further augments the global marine adhesives market.
Increase in use of polyurethanes due to their great resistance to weathering, saltwater and UV has further increase the growth of the market. Moreover, polyurethane sealants make powerful adhesive bonds owing to their high tensile strength. For this reason, use of polyurethanes has been increased in deck bonding applications and joints by providing a permanent and strong bonding strength. They are great on wood-to-wood bonding and deck-to-hull joints where they provide protection at a good rate. Furthermore, raising application of polyurethanes in glass bonding, bonding of decorative panel or hardware, has further boosted the growth of the market. Across the globe, customers are observing a great growth in spending on leisure and leisure activities which is significantly contributing the marine adhesives market. However, there are diversified marine adhesives which differs in the temperature ranges which are used for different application which further restricts the demand for marine adhesives market. Marine adhesives are exponentially effective in the exposure of water and moisture. Increasing environmental concerns and regulatory policies and the raising use of eco-friendly products in various application is boosting the growth of the market.
The marine adhesives has great application in ship upper and lower deck. Above deck application mean all the areas and parts of the vessel that are not submerged in the water and it also don’t come in one-to-one contact with water. Above deck applications consists of windows, portholes, artificial decks and structural areas such as deck to spider hull. Moreover, below deck application are the areas and parts which care be submerged and also comes in direct contact with water. It also consists of shower rooms areas. In last couple of years the market is dominated by above deck segment.
MARINE ADHESIVES SEGMENTATION:
By Resin Type
By Substrate Type
- Deck Systems
- Panel Bonding
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The Asia-Pacific regions contributes the major share in the global marine adhesives market. Raising number of ships, submarines, patrolling boats and others has boosted the growth of the market in this region. Moreover, the frequent applications of ships and water boats in the region and the raising demand for marine adhesives in the shipbuilding industries is augmenting the growth of the market. The increasing marine and coastal tourism is projected to contribute significant to the growth of the market. Furthermore, the countries such as Thailand, Philippines and Indonesia are making great investment in diversified marine projects which is further expected to boost the marine adhesives market. In addition, the growth of the market in this region is also supported by positive economic look, foreign direct investment, increasing startups, government support, rapid industrial growth and others.
FEW KEY PLAYERS IN MARINE ADHESIVES MARKET:
- Engineered Bonding Solutions
- Hernon Manufacturing
- Gougeon Brothers
- Chemique Adhesives & Sealants
- Parson Adhesives
- SABA Dinxperlo
- H.B. Fuller
- LORD Corporation
- Scott Bader
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