Marine Adhesives Market valued USD 341.22 Billion in 2019 and expected to reach USD 531.69 Billion by 2026, at a CAGR of 5.70%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Escalating demand for marine adhesives to bond substrates such as metals, plastics, composites in place of conventional fasteners to enable a reduction in weight of vessels is driving the marine adhesives market. Expansion in demand for modified passenger vessels is trending in marine adhesives market.