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Maritime Adhesives

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363810

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363810

Global Marine Adhesives Market Size study & Forecast, by Resin Type by Substrate, by Vessel, by Application and Regional Analysis, 2023-2030

PUBLISHED: October 4, 2023

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Global Marine Adhesives Market is valued at approximately USD 495.04 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. Marine adhesives are specialized types of adhesives or bonding agents designed for use in marine environments. They are specifically formulated to provide strong and durable bonds in applications that involve water, moisture, and exposure to harsh conditions typically encountered in marine settings. Marine adhesives offer several characteristics that make them suitable for bonding and sealing various materials used in boat construction, repair, and maintenance. These adhesives are typically resistant to saltwater, chemicals, UV radiation, and temperature fluctuations. They provide excellent adhesion to a wide range of substrates commonly found in marine applications, including fiberglass, aluminum, steel, wood, and plastics. The Marine Adhesives market is expanding because of factors such as flourishing global shipbuilding and marine industry and growing leisure marine and recreational boating Industry worldwide.

Growth in global shipbuilding and marine industry is driving the market growth. The shipbuilding industry has been experiencing significant growth in recent years, driven by factors such as increasing seaborne trade, rising demand for commercial vessels, and the expansion of offshore oil and gas exploration activities. This growth has led to a higher demand for marine adhesives, as they provide strong and durable bonds that can withstand the harsh marine environment, including exposure to saltwater, extreme temperatures, and vibrations. According to the OEC, passenger and cargo ships were the forty-fifth most traded product in the world in 2020, with trade transactions totaling USD 65.0 billion, or 0.39% of all global trade that year. According to the same analysis, marine commerce volumes are expected to triple by 2050 due to an increase in global freight demand. Additionally, according to The Baltic and International Maritime Council (BIMCO), the world's merchant fleet had a capacity of 74,505 ships at the start of 2021, distributed across 11 key sectors. In that analysis, it was also predicted that, under the basic case, by the end of 2025, there would be 79,282 vehicles in the fleet overall. Thus rising maritime trade volumes and shipment activities is driving the market. In addition, increasing export and import activities and increase in marine spending is creating lucrative opportunity to the market. However stringent Government Regulations related to industry. stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Marine Adhesives Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to factors such as rising marine spending, rising volume of marine output, rising sea trade activities. Whereas, Europe is witnessing significant growth in the market owing to factors such as rising shipping fleet, rising import and export trade activities, rising waterways travel activities in the region.

Major market player included in this report are:

LOTTE Chemical Corporation
Fujia Group
Banner Chemicals
Exxon Mobil Corporation
SK global chemical Co. Ltd.
Total Energies
GS Caltex Corporation
Royal Dutch Shell
Taiyo Oil Co Ltd.
Idemitsu Kosan Co. Ltd.,

Recent Developments in the Market:

In January 2022, H.B. Fuller announced the acquisition of Apollo, a UK-based producer of coatings, liquid adhesives, and primers for use in industrial, building, engineering, and roofing applications. H.B. Fuller anticipates that this acquisition would enable it to broaden the scope of their engineering adhesive transportation product line, which currently includes adhesives for use in automobiles, furniture, textiles, nautical vessels, and aeroplane seats.

Global Marine Adhesives Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Resin Type, Substrate, Vessel, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Resin Type offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Resin Type:

Epoxy
Polyurethane
Acrylic
Others

By Substrate:

Plastics
Composites
Metal
Others

By Vessel:

Cargo Ships
Passenger Ships
Boats
Others

By Application:

Deck Systems
Glazing
Panel Bonding
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Marine Adhesives Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Marine Adhesives Market, by Resin Type, 2020-2030 (USD Million)
- 1.2.3. Marine Adhesives Market, by Substrate, 2020-2030 (USD Million)
- 1.2.4. Marine Adhesives Market, by Vessel, 2020-2030 (USD Million)
- 1.2.5. Marine Adhesives Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Marine Adhesives Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Marine Adhesives Market Dynamics

3.1. Marine Adhesives Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Flourishing Global Shipbuilding Industry.
  - 3.1.1.2. Growing Leisure Marine and recreational boating Industry worldwide.
- 3.1.2. Market Challenges
  - 3.1.2.1. Stringent Government Regulations related to industry.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing export and import activities.
  - 3.1.3.2. Increase in marine spending.

Chapter 4. Global Marine Adhesives Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Marine Adhesives Market, by Resin Type

5.1. Market Snapshot
5.2. Global Marine Adhesives Market by Resin Type, Performance - Potential Analysis
5.3. Global Marine Adhesives Market Estimates & Forecasts by Resin Type 2020-2030 (USD Million)
5.4. Marine Adhesives Market, Sub Segment Analysis
- 5.4.1. Epoxy
- 5.4.2. Polyurethane
- 5.4.3. Acrylic
- 5.4.4. Others

Chapter 6. Global Marine Adhesives Market, by Substrate

6.1. Market Snapshot
6.2. Global Marine Adhesives Market by Substrate, Performance - Potential Analysis
6.3. Global Marine Adhesives Market Estimates & Forecasts by Substrate 2020-2030 (USD Million)
6.4. Marine Adhesives Market, Sub Segment Analysis
- 6.4.1. Plastics
- 6.4.2. Composites
- 6.4.3. Metal
- 6.4.4. Others

Chapter 7. Global Marine Adhesives Market, by Vessel

7.1. Market Snapshot
7.2. Global Marine Adhesives Market by Vessel, Performance - Potential Analysis
7.3. Global Marine Adhesives Market Estimates & Forecasts by Vessel 2020-2030 (USD Million)
7.4. Marine Adhesives Market, Sub Segment Analysis
- 7.4.1. Cargo Ships
- 7.4.2. Passenger Ships
- 7.4.3. Boats
- 7.4.4. Others

Chapter 8. Global Marine Adhesives Market, by Application

8.1. Market Snapshot
8.2. Global Marine Adhesives Market by Application, Performance - Potential Analysis
8.3. Global Marine Adhesives Market Estimates & Forecasts by Application 2020-2030 (USD Million)
8.4. Marine Adhesives Market, Sub Segment Analysis
- 8.4.1. Deck Systems
- 8.4.2. Glazing
- 8.4.3. Panel Bonding
- 8.4.4. Others

Chapter 9. Global Marine Adhesives Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Marine Adhesives Market, Regional Market Snapshot
9.4. North America Marine Adhesives Market
- 9.4.1. U.S. Marine Adhesives Market
  - 9.4.1.1. Resin Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Substrate breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Vessel breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Marine Adhesives Market
9.5. Europe Marine Adhesives Market Snapshot
- 9.5.1. U.K. Marine Adhesives Market
- 9.5.2. Germany Marine Adhesives Market
- 9.5.3. France Marine Adhesives Market
- 9.5.4. Spain Marine Adhesives Market
- 9.5.5. Italy Marine Adhesives Market
- 9.5.6. Rest of Europe Marine Adhesives Market
9.6. Asia-Pacific Marine Adhesives Market Snapshot
- 9.6.1. China Marine Adhesives Market
- 9.6.2. India Marine Adhesives Market
- 9.6.3. Japan Marine Adhesives Market
- 9.6.4. Australia Marine Adhesives Market
- 9.6.5. South Korea Marine Adhesives Market
- 9.6.6. Rest of Asia Pacific Marine Adhesives Market
9.7. Latin America Marine Adhesives Market Snapshot
- 9.7.1. Brazil Marine Adhesives Market
- 9.7.2. Mexico Marine Adhesives Market
9.8. Middle East & Africa Marine Adhesives Market
- 9.8.1. Saudi Arabia Marine Adhesives Market
- 9.8.2. South Africa Marine Adhesives Market
- 9.8.3. Rest of Middle East & Africa Marine Adhesives Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. LOTTE Chemical Corporation
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Fujia Group
- 10.3.3. Banner Chemicals
- 10.3.4. Exxon Mobil Corporation
- 10.3.5. SK global chemical Co. Ltd.
- 10.3.6. Total Energies
- 10.3.7. GS Caltex Corporation
- 10.3.8. Royal Dutch Shell
- 10.3.9. Taiyo Oil Co Ltd.
- 10.3.10. Idemitsu Kosan Co. Ltd.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Marine Adhesives Market, report scope
TABLE 2. Global Marine Adhesives Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Marine Adhesives Market estimates & forecasts by Resin Type 2020-2030 (USD Million)
TABLE 4. Global Marine Adhesives Market estimates & forecasts by Substrate 2020-2030 (USD Million)
TABLE 5. Global Marine Adhesives Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Marine Adhesives Market estimates & forecasts by Vessel 2020-2030 (USD Million)
TABLE 7. Global Marine Adhesives Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Marine Adhesives Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Marine Adhesives Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Marine Adhesives Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Marine Adhesives Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Marine Adhesives Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Marine Adhesives Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Marine Adhesives Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Marine Adhesives Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global Marine Adhesives Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. U.S. Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. U.S. Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 21. Canada Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. Canada Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 24. UK Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. UK Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 27. Germany Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. Germany Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 30. France Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. France Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 33. Italy Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Italy Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 36. Spain Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. Spain Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 39. RoE Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. RoE Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 42. China Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. China Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 45. India Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. India Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 48. Japan Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. Japan Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 51. South Korea Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. South Korea Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 54. Australia Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. Australia Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 57. RoAPAC Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. RoAPAC Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 60. Brazil Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Brazil Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 63. Mexico Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. Mexico Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 66. RoLA Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. RoLA Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. Saudi Arabia Marine Adhesives Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 69. South Africa Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. RoMEA Marine Adhesives Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 71. List of secondary sources, used in the study of global Marine Adhesives Market
TABLE 72. List of primary sources, used in the study of global Marine Adhesives Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered