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The marine sealants market size is forecast to increase by USD 88.8 million at a CAGR of 6.36% between 2023 and 2028. The market is experiencing significant growth due to the expanding shipbuilding industry and the increasing demand for these products in the commercial sector. This includes applications in deck-to-hull bonding, window bonding, plastic components, fuel systems, and other areas of ship construction. However, the market faces challenges such as the volatility of raw material prices and freight rates. Mergers and partnerships are common strategies being employed by key players to remain competitive. Technological advancements and regulatory scenarios are also shaping the market, focusing on sustainability and safety. The market caters to various types of vessels, including cargo ships, tankers, passenger ships, and fishing vessels, in the global maritime industry. The tourism sector is another significant end-user, with a growing demand for marine sealants in the construction and maintenance of cruise ships.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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