Chemical industry reports Marine Sealant Market Forecasts to 2024 | Page 4

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future rub rails. However, incompatibilities with common plastics like acrylic and polycarbonate may impede the product growth in near future. Asia-Pacific is the key regional market for marine sealant industry with the significant developments witnessed in China, India and Japan. Asia-pacific is expected to maintain its global dominance in marine sealant market in the near future on account of increasing emphasis on ship-building, marine infrastructure development and naval defense activities in the region. The major players in marine sealant industry include Royal adhesive and sealant, 3M Co., Bostik and Franklin International. Owing to highly volatile raw material prices, the global marine sealant market price decisions are greatly shaped by the raw material cost and supply equations. Thus, increased focus on R&D, mergers and acquisitions, and jointventures are the fundamental strategies adopted by top players with a view to streamline the operations and enhance the production efficiency. Other crucial market players include Henkel AG & Company, Illinois Tool Works Inc, Avery Dennison, H.B. Fuller, Sika AG and RPM International Inc. Greater emphasis on developing sustainable, cost-effective and hardware-compatible products by the major players is expected to effectively leverage the market growth over the forecast period. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/