Marine Sealants Market is accounted for $87.53 million in 2020 and is expected to reach $168.10 million by 2028 growing at a CAGR of 8.5% during the forecast period. Steady growth in the shipbuilding industry and increasing demand for yachts and leisure boats are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the high investments in ship maintenance mainly in China, Japan, India, and South Korea, expansion of manufacturing capacity, competitive production costs, and several strategic developments.
Some of the key players profiled in the Marine Sealants Market include Sika AG, Avery Dennison, RPM International Inc, Dow Corning, Illinois Tool Works, Henkel, Franklin International, Inc., Bostik Marine, Royal Adhesives & Sealants, LLC, Adshead Ratcliffe Co Ltd, 3M, Saba Shipping & Stevdoring Co Ltd and H.B. Fuller.
Types Covered in Marine Sealants Market
• Passenger Ships
• Pleasure Boats
• High Speed Craft
• Fishing Vessel
• Cargo Ships/Goods Transport Ships
• Other Types
Product Types Covered:
• Silyl Modified Polymer (SMP)
• Window Bonding
• Deck To Hull
• Below Water-Line Sealing
• Above Water-Line Sealing
End Users Covered:
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