Lining Market to Witness a Healthy Growth of US$ 5,820.8 Mn During 2018-2028 - Future Market Insights

News provided by

Sep 05, 2018, 08:30 ET

VALLEY COTTAGE, New York, September 5, 2018 /PRNewswire/ --

Global Lining Market: Overview

Product advancements addressing key consumer issues to remain important forward market strategy among lining manufacturers

Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries. Moreover, surging demand for trade through marine ports coupled with growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of global lining market. The global lining market is estimated to be valued at US$ 3,958.7 Mn by 2018 end. Expanding at a modest CAGR of 3.9%, the global lining market is anticipated to reach a valuation of US$ 5,820.8 Mn, over the forecast period of 2018-2028, as per a recent study by Future Market Insights.

(Logo: https://mma.prnewswire.com/media/677274/Future_Market_Insights_Logo.jpg )

Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance option for goods in the form of containers, dry and liquid bulk and roll on-roll off (Ro-Ro) type of cargos. Cost effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding, too is contributing to the growth of global lining market. Availability of all necessary resources in Asia Pacific is found to be a key factor responsible for the growth of the shipbuilding industry in the region. Moreover, low labor cost and indulgent legislations are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7246

Polymer Lining to Remain Most Preferred Across Industries Through 2028; Demand for Eco-Friendly Products to Induce Novelties in Lining Market

Segmented into polymer lining, rubber lining, ceramic and carbon brick lining, and tile lining, the global lining market will witness significant revenue contribution from the polymer lining variant. The polymer lining segment is projected to hold a dominant share in terms of both market value and CAGR index. Growing demand for linings across the globe as well as environmental regulations in developed regions are the major factors driving the lining market. Moreover, increasing demand from marine, oil and gas, automotive, and chemicals industries is likely to drive the adoption of polymer lining in the global lining market. Epoxy resins are likely to dominant the global polymer lining market, owing to its excellent resistance to numerous chemicals couple with other technological advancements.

Although solvent borne linings are likely to hold a significant share of the global lining market, considering increasing adoption of ecofriendly lining products in developed countries would propel the adoption of waterborne and powder linings. Stringent Government regulations and adoption of lining products with low-VOC content are key factors pushing the demand for waterborne and powder linings. Manufacturers in the global linings market are constantly investing in R&D activities to introduce new products and technologies for product differentiation, further driving the lining market.

Preview Analysis Global Lining Market Segmentation: By Product Type - Polymer: Epoxy, Polyurethane, Acrylic, Alkyd, Fluoropolymer, Vinyl Ester & Flake-Filled Ester; Rubber, Ceramic & Carbon Brick Line, Tile Lining; By Chemistry - Solvent borne, Waterborne, Powder : https://www.futuremarketinsights.com/reports/lining-market

However, volatile prices of raw materials including epoxy and polyurethane and stringent government directives regarding VOC emissions across various regions are key restrainers impacting the overall growth of global lining market.

China followed by Western Europe and North America, are likely to showcase increased adoption of linings. Fast-paced industrial growth in China is significantly contributing to sales of lining products in the region, which is expected to hold nearly 35% of the market, by 2028.

Major global suppliers of linings are channelizing efforts towards developing partnerships with end users in order to better address the demand for specific requirements. Product customization is likely to remain a key differentiation strategy among key manufacturers in the global lining market. Top players in the global linings market are The Sherwin Williams Company, PPG Industries, Inc, Akzo Nobel N.V., Hempel A/S, The Jotun Group, Solvay SA, Teknos Group, and STEULER-KCH GmBH.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-7246

More from FMI's Chemical & Materials Market Intelligence:

Polysilicon Market segmentation By Grade Type- Solar Grade, Electronics Grade; Polysilicon Market: Rapid Growth in Solar PV Installations Across the Globe to Drive Revenue Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028 : https://www.futuremarketinsights.com/reports/polysilicon-market
Zinc Chloride Market Segmentation: By Grade Type - High Purity Grade, Battery Grade, Technical Grade, Commercial Grade; Application Type - Dry Cell Batteries, Water Treatment, Catalyst, Others; End Use - Electronics, Chemical, Agriculture, Pharmaceutical, Others : https://www.futuremarketinsights.com/reports/zinc-chloride-market
Zeolite for Detergents Market Segmentation by Product Type - Zeolite A, Zeolite P, Zeolite X and AX : https://www.futuremarketinsights.com/reports/zeolite-for-detergents-market
About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Chemical & Materials Market Insights

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: [email protected]
Press Office: [email protected]