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Analyzing Global Trends and Growth Opportunities in the Fender Rope Market: A Comprehensive Market Research Study
Rope Manufacturing is Estimated to Witness High Growth Owing to Technological Innovations in Material Sciences The fender rope market provides ropes used in ports to protect ships, boats and other watercraft from damage during docking and undocking. Fender ropes come in a variety of sizes and strengths depending on vessel size and dock conditions. Their high elongation properties enable them to cushion and absorb impact energy. The global fender rope market is valued at US$ 679.4 million in 2024 and is expected to exhibit a CAGR of 4.7% over the 2023-2030 forecast period. Key Takeaways Key players operating in the fender rope market are Samson Rope Technologies, Inc., Novabraid, New England Ropes, TEUFELBERGER Fiber Rope Corporation, Marlow Ropes Ltd., Langman Ropes, Southern Ropes, Lankhorst Ropes,Yale Cordage, Inc., FSE Robline, Gleistein Ropes, Hampidjan Group, English Braids Ltd., Gottifredi Maffioli, Liros GmbH. The key players are focusing on adopting advanced technologies to develop ropes with enhanced strength, abrasion resistance and durability. The rising maritime trade globally is expected to drive demand for new ports and expansion of existing ports creating opportunities for fender rope manufacturers. Furthermore, ongoing research and development of ultra-high molecular weight polyethylene and para-aramid materials for ropes is expected to bring stronger and longer lasting fender ropes. Market Drivers The increasing cruise industry and marine cargo transportation are the key factors driving the growth of the global fender rope market. As per industry estimates, over 27 million passengers traveled on cruise ships in 2018. This rapid growth of the cruise industry is resulting in more ships requiring fender rope protection at various ports globally. Furthermore, the expansion of existing ports and construction of new ports especially in developing countries will also boost market growth over the forecast period.Current Challenges in Fender Rope Market The fender rope market is facing various challenges such as volatile prices of raw materials. Raw materials used in the manufacturing of fender ropes such as polyester, nylon, polyethylene, and polypropylene are crude oil based products. Fluctuations in crude oil prices affect the prices of these raw materials. This increases the manufacturing cost for fender rope producers. Additionally, the availability of low quality synthetic rope substitutes at lower prices is reducing the sales of premium fender ropes. Counterfeiting is another challenge where unauthorized entities manufacture and sell low quality imitation fender ropes. These low quality products negatively impact the brand image of top players in the market. Strict maritime regulations regarding safety and performance standards also pose compliance challenges for fender rope makers. SWOT Analysis Strength: Fender ropes have high tensile strength and resistance to damage from impact, abrasion, chemicals and corrosion. They offer long durability in harsh maritime operating conditions. Weakness: Dependency on crude oil prices makes the raw material costs volatile. Substitutes offering similar functionality at lower prices will affect sales. Opportunity: Growth in international seaborne trade and port traffic is driving demand for modernized port infrastructure. This provides scope to supply specialized high performance fender ropes. Threats: Stringent compliance requirements for maritime safety raises compliance costs. Counterfeiting by unauthorized manufacturers also threatens brand value and revenue.
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Fender Rope Market Odyssey: Discovering Unparalleled Ropes for Vessel Guardianship
The Fender Rope Market is estimated to be valued at US$ 679.4 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Fender ropes are an important part of docking activities and are used to absorb the impact of boats when docking at ports. They come in different sizes and strengths based on vessel size. These ropes provide cushioning between boats and docks preventing damages to boats. They offer safety, durability, and elasticity. Market key trends: The rapidly growing maritime industry around the world is driving the demand for fender ropes significantly. Marine transportation plays a vital role in global trade. With rising seaborne trade volumes owing to increasing industrial and construction activities, demand for fender ropes is expected to rise remarkably over the forecast period. Additionally, growing maritime tourism is also augmenting the market growth. Recreational boating activities have witnessed an upsurge in recent years. Fender ropes ensure safety of recreational boats during docking. Further, development of stronger and more durable fender ropes using advanced fibers will favor the market expansion through 2030. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate as the fender rope market is consolidated with few large players. However, the capital requirement for manufacturing fender ropes and establish distribution network acts as a barrier for new players. Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes like fiber and polyester ropes. Buyers can switch to substitute products based on the pricing offered by established players. Bargaining power of suppliers: The bargaining power of raw material suppliers is moderate as there are few substitute raw materials available for manufacturing fender ropes such as nylon, polyester and polypropylene. Threat of new substitutes: The threat of substitutes is high as other synthetic ropes like nylon, polyester ropes can be used as substitutes for fender ropes. Competitive rivalry: High due to presence of numerous global and regional players. SWOT Analysis Strengths: Robust demand from shipping and port industries. Durable and flexible material properties of fender ropes make them ideal for ship berthing operations. Weaknesses: Fluctuating raw material prices affecting costs. Dependence on import of raw materials in some regions. Opportunities: Growth in global maritime trade and port infrastructure investment in developing regions. Development of specialized fender ropes for heavy load applications and offshore industries. Threats: Stringent regulations regarding material disposal amid high volatility in crude oil prices impacting polypropylene raw material costs. Increased competition from synthetic rope substitutes. Key Takeaways The global fender rope market size is expected to grow at a CAGR of 4.7% during 2023-2030, driven by growing maritime trade and investments in port infrastructure development across major economies.
Regional analysis: Asia Pacific is expected to retain its dominance in the global fender rope market over 2023-2030. This can be attributed to rapid growth of international seaborne trade, increasing energy needs, and investments in port and vessel construction in China, India, South Korea, and Japan. In Asia Pacific, the Chinese fender rope market accounted forlargest share of over 15% of the global market in 2023. Key players operating in the fender rope market are Samson Rope Technologies, Inc., Novabraid, New England Ropes, TEUFELBERGER Fiber Rope Corporation, Marlow Ropes Ltd., Langman Ropes, Southern Ropes, Lankhorst R
#Fender Rope Market Share#Fender Rope Market Growth#Fender Rope Market Demand#Fender Rope Market Trend#Fender Rope Market Analysis
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#Maritime Fenders (Marine Fender)#Maritime Fenders (Marine Fender) market analysis#Maritime Fenders (Marine Fender) market growh#Maritime Fenders (Marine Fender) market size#Maritime Fenders (Marine Fender) market research report#Maritime Fenders (Marine Fender) market trend#Maritime Fenders (Marine Fender) market insights
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Maritime Fenders Market Study 2018: Impressively growing Opportunities and Global Business Forecast 2023
Maritime Fenders Market Study 2018: Impressively growing Opportunities and Global Business Forecast 2023
“Global Maritime Fenders Market 2018” trends focuses on the current set as coming aspects of the Maritime Fenders trade. The report contains a certified and in-depth examination of Maritime Fenders Market. At first, the report provides the present Maritime Fenders business state of affairs together with a legitimate assessment of the Maritime Fenders business. Maritime Fenders report is…
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Summary Key Content of Chapters (Including and can be customized) Part 1: Market Overview, Development, and Segment by Type, Application & Region Part 2: Global Market by company, Type, Application & Region Part 3: Asia Market by company, Type, Application & Region Part 4-10: Key Regions of Asia Market by Type, Application Part 11: Company information, Sales, Cost, Margin etc. Part 12: Conclusion Market Segment as follows: By Region Global (Asia, Europe, America etc.) Asia (China, Southeast Asia, India, Japan, Korea, Western Asia, Others) Key Companies Trelleborg Bridgestone Sumitomo Rubber Maritime International Yokohama Hutchinson IRM Longwood Noreq Anchor Marine JIER Marine Taihong Tonly Qingdao Tiandun Evergreen Jiangsu Shelter Zhaoyuan Talent Plastic Jiangyin Hengsheng Market by Type Solid rubber fenders Pneumatic fenders Foam fenders Market by Application Ports and docks on quay walls and other berthing structures. Tugs, barges, ferries and similar hard working vessels Others
#maritime fenders market#maritime fenders market trends#maritime fenders market size#maritime fenders market data#maritime fenders market structure#maritime fenders industry analysis#maritime fenders market research#maritime fenders market report
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Oil Spill Management Market to Reap Excessive Revenues by 2019-2027
Key Highlights
A new Transparency Market Research report states that the global oil spill management market stood at US$ 105.9 bn in 2018 and is predicted to reach US$139.4 bn by 2027. It is expected to expand at a CAGR of 3.1% from 2019 to 2027. The title of the report is “Oil Spill Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.
According to the report, increasing safety concerns, coupled with the rising number of incidents of oil spills in the past few years, are predicted to boost the market for oil spill management. Furthermore, rising pipeline and seaborne transportation of chemicals and crude oil all around the world is amongst the prime factors fueling the oil spill management market.
Key Drivers: Global Oil Spill Management Market
In addition, strict regulations made by governments around the world for using safety technologies and devices during transportation and drilling of crude oil is also a major factor stimulating the market for oil spill management. The rising offshore and pipeline tanker transportation of oil and gas is also predicted to have a positive impact on the demand for oil spill management. Additionally, the rising research and development spending by top oil spill management companies for rapid and efficient spill cleaning is predicted to lead to promising opportunities for the growth of the market in the coming years.
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Segmentation Outlook of Global Oil Spill Management Market
The report segments the global oil spill management market in terms of product type, technology, and geography. On the basis of type, the market is segmented into onshore spill management and offshore spill management. On the basis of technology, the oil spill management market is segmented into pre-oil spill and post-oil spill. Pre-oil spill management includes double hulling, blowout preventers, and pipeline leak detection.
On the other hand, the post-oil spill management segment includes mechanical, physical, and chemical and biological methods intended to minimize the effects of the oil spill. Pre-oil spill management comprises technologies for preventing oil spills, whereas the post-oil spill management includes various methods utilized to clean, manage, and contain an oil spillage.
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Rising drilling activities, along with strict regulations posed by governments on oil spillage, are amongst the prime factors stimulating the demand for blowout preventers. On the other hand, strict International Maritime Organization (IMO) regulations have made double-hulled ships mandatory in oil transportation. This has also increased the market share of double-hulled ships on a global level.
Asia Pacific Dominated the Global Oil Spill Management Market in 2018
On the basis of geography, the global oil spill management market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific constituted the leading share of the market in 2018, and is anticipated to maintain its lead during the forecast period. The presence of big shipping industries has raised the orders for double-hulled ships in China, Japan, and South Korea.
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Competitive Landscape: Global Oil Spill Management Market
The major players dominant in the market include National Oilwell Varco, Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, Hyundai Heavy Industries Co., Ltd., COSCO Shipyard CURA Emergency Services, Ecolab Inc., and Group Co., Ltd., among others.
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Global Rubber Marine Fenders Market Key Reasons For The Present Growth Trends With Detailed Forecast To 2021-2027
Global Rubber Marine Fenders Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Rubber Marine Fenders Market Overview:
Global Rubber Marine Fenders Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2027, published by Maximize Market Research, is the culmination of thorough primary and secondary research. The study completely examines analysed insights in light of the market, as well as its ever-changing trends, industry environment, and all of the market's leading elements. This research approach was used to investigate the global Rubber Marine Fenders market, and the results were logically presented in this report.
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Market Scope:
Global Rubber Marine Fenders Market 2021 research report 2027 includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, types, and application. The research will also include accessible opportunities in micro markets for stakeholders to invest, as well as a full analysis of the competitive landscape and significant competitors' product offers.
The qualitative and quantitative data in the Rubber Marine Fenders market report can assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas. The research also highlights the competitive landscape of leading industry players as well as upcoming market trends.
PESTEL Analysis:
Maximize Market Research's reports include a PESTEL analysis to assist you in developing your business strategy. Taxation, environmental laws, and tariffs are all political considerations that help governments evaluate how much influence they have over the Rubber Marine Fenders market. Interest rates, exchange rates, inflation, wage rates, and minimum wages are all economic elements that can help you assess the determinants of economic performance that affect the Rubber Marine Fenders market. Environmental considerations and their impact on the market are aided by legal concerns.
Segmentation:
Type by type, A rise in anxiety about damage has resulted in a 5% increase in demand for Cone-Shaped Rubber Marine Fenders by small commercial vessels, according to research. Demand for Supercell, D-shaped, and w-shaped Rubber Marine Fenders has increased by 3% as a result of increased global trade. The sale of square-shaped, arch, parallel, and cylindrical Rubber Marine Fenders has increased by 4.3 percent due to an increase in the transportation of liquid materials such as oil and chemicals by sea.
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Key Players:
• Trelleborg AB • Bridgestone Corporation • Sumitomo Rubber Industries Ltd. • Maritime International Ltd. • Yokohama Rubber Company • Hutchinson SA • Longwood Elastomers Inc. • Noreq AS • Anchor Marine & Supply Inc. • Qingdai JIER Engineering Rubber Co., Ltd. • Yantai Taihong Rubber Co., Ltd. • Tonly Electronics Holding Ltd. • Qingdao Tiandun Rubber Co., Ltd. • Evergreen Group • Jiangsu Shelter Rubber Co., Ltd. • Zhaoyuan Talent Plastic Chemical Co., Ltd.
The competitive landscape is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Rubber Marine Fenders market to know the competition at both the domestic and global levels. The key aspects such as areas of operation, production, and product portfolio. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits.
In additional Rubber Marine Fenders Market Share analysis of players, in-depth profiling, product/service and business overview, the study also concentrates on BCG matrix, heat map analysis, Competitive Benchmarking along with SWOT analysis to better correlate market competitiveness.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Rubber Marine Fenders market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Rubber Marine Fenders Market:
The report has identified detailed impact of COVID-19 on Rubber Marine Fenders market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Rubber Marine Fenders market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Rubber Marine Fenders Market Report are:
Which product segment grabbed the largest share in the Rubber Marine Fenders market?
How is the competitive scenario of the Rubber Marine Fenders market?
Which are the key factors aiding the Rubber Marine Fenders market growth?
Which region holds the maximum share in the Rubber Marine Fenders market?
What will be the CAGR of the Rubber Marine Fenders market during the forecast period?
Which application segment emerged as the leading segment in the Rubber Marine Fenders market?
Which are the prominent players in the Rubber Marine Fenders market?
What key trends are likely to emerge in the Rubber Marine Fenders market in the coming years?
What will be the Rubber Marine Fenders market size by 2027?
Which company held the largest share in the Rubber Marine Fenders market?
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Oil spill management market to reach valuation of ~US$ 139.4 bn by 2027: TRANSPARENCY MARKET RESEARCH
Key Highlights
A new Transparency Market Research report states that the global oil spill management market stood at US$ 105.9 bn in 2018 and is predicted to reach US$139.4 bn by 2027. It is expected to expand at a CAGR of 3.1% from 2019 to 2027. The title of the report is “Oil Spill Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027”.
According to the report, increasing safety concerns, coupled with the rising number of incidents of oil spills in the past few years, are predicted to boost the market for oil spill management. Furthermore, rising pipeline and seaborne transportation of chemicals and crude oil all around the world is amongst the prime factors fueling the oil spill management market.
Key Drivers: Global Oil Spill Management Market
In addition, strict regulations made by governments around the world for using safety technologies and devices during transportation and drilling of crude oil is also a major factor stimulating the market for oil spill management. The rising offshore and pipeline tanker transportation of oil and gas is also predicted to have a positive impact on the demand for oil spill management. Additionally, the rising research and development spending by top oil spill management companies for rapid and efficient spill cleaning is predicted to lead to promising opportunities for the growth of the market in the coming years.
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Segmentation Outlook of Global Oil Spill Management Market
The report segments the global oil spill management market in terms of product type, technology, and geography. On the basis of type, the market is segmented into onshore spill management and offshore spill management. On the basis of technology, the oil spill management market is segmented into pre-oil spill and post-oil spill. Pre-oil spill management includes double hulling, blowout preventers, and pipeline leak detection. On the other hand, the post-oil spill management segment includes mechanical, physical, and chemical and biological methods intended to minimize the effects of the oil spill. Pre-oil spill management comprises technologies for preventing oil spills, whereas the post-oil spill management includes various methods utilized to clean, manage, and contain an oil spillage.
Rising drilling activities, along with strict regulations posed by governments on oil spillage, are amongst the prime factors stimulating the demand for blowout preventers. On the other hand, strict International Maritime Organization (IMO) regulations have made double-hulled ships mandatory in oil transportation. This has also increased the market share of double-hulled ships on a global level.
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Asia Pacific Dominated the Global Oil Spill Management Market in 2018
On the basis of geography, the global oil spill management market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific constituted the leading share of the market in 2018, and is anticipated to maintain its lead during the forecast period. The presence of big shipping industries has raised the orders for double-hulled ships in China, Japan, and South Korea.
Competitive Landscape: Global Oil Spill Management Market
The major players dominant in the market include National Oilwell Varco, Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, Hyundai Heavy Industries Co., Ltd., COSCO Shipyard CURA Emergency Services, Ecolab Inc., and Group Co., Ltd., among others.
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Global Oil Storage Market – Key Developments
On 8th February 2020, United Arab Emirates state oil & gas company Abu Dhabi National Oil Company (ADNOC) announced that it has signed an agreement in order to enhance its oil spill capabilities. The company has collaborated with Japan Cooperation Center Petroleum (JCCP), a Japanese oil and gas player. As a part of agreement, both the companies would develop oil drifting simulation, an environmental sensitivity index, tidal current surveys and a comprehensive oil spill response plan. ADNOC said that the emerging technologies would improve its preparedness in the unlikely event of an oil spill.
Oil Storage Market: Technology
Pre-Oil Spill Management
Post-Oil Spill Management
Blowout Preventers
Double Hulling
Pipeline Leak Detection
Mechanical Containment Methods
Chemical and Biological Management Methods
Physical Management Methods
Oil Storage Market: Product Type Analysis
Onshore
Offshore
Oil Storage Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World
U.S.
Canada
U.K.
Norway
Russia & CIS
Rest of Europe
China
India
ASEAN
Rest of Asia Pacific
GCC
Venezuela
Nigeria
Others
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Marine Fender Market 2021 Global Analysis, Opportunities, Growth Forecast To 2027
Manufacturers Scaling-up to Deliver High-grade Marine Fenders
Pneumatic fenders are emerging as low-cost and low-maintenance alternatives to conventional marine fenders. Their self-floating and long-lasting durability is gaining prominence in ship-to-ship (STS) transfers and ship-to-berthing (STB) operations. As such, manufacturers in the marine fender market are striving to develop technologies that support its easy-to-deploy and efficacious energy-absorption attributes.
The global marine fender market is estimated to grow from ~US$ 670 million in 2018 to ~US$ 880 million by 2027. Due to the high demand for minimum test and inspection procedures, manufacturers in the marine fender market are innovating on pneumatic fenders that solve the challenging issue of crude oil transfer between vessels. To avoid oil spill accidents, manufacturers in the marine fender market are developing robust fenders that meet the newly-introduced global safety standards.
Newly-developed pneumatic fenders aid in the double/triple banking of large-project cargoes. The new trend of renting pneumatic fenders serves as a cost-efficient alternative for stakeholders in maritime transport, as these fenders are only deployed when required, unlike rubber fenders that are already installed.
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New Developments Provide Economic Advantages to Manufacturers
Many developments in the marine fender market are contributing towards market growth. For instance, the development of synthetic rubber and its blend with natural rubber facilitate a better ratio between high energy absorption and reaction force. Manufacturers in the marine fender market are innovating on the performance of new materials that are likely to influence energy absorption and subsequent berthing forces. Also, increased focus on sustainable aspects such as re-use and recycling of components has emerged as a cost-effective option for manufacturers.
Other developments in the marine fender market, such as metal-skinning energy absorbers, act as a backup system for marine fenders. These new absorbers are an effective alternative to conventional elastic fenders. Metal-skinning energy absorbers protect berthing structures and provide economic advantages to manufacturers by reducing unplanned downtime that were earlier caused by elastic marine fenders. Increased research and development is being done to implement metal skinning mechanisms according to the various sizes of vessels and according to the skinning depth of the systems.
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Review Assessments and Patenting Technology Revive Market Growth
Marine fenders play an important role in maritime infrastructure to protect ships and berth structures from damage. However, industry experts opine that, there is a growing need for extensive review of newly-developed fenders according to the new materials and technologies available in the market. The competitive landscape of the marine fender market is moderately fragmented. However, the expected moderate CAGR of ~3% can be of great concern to existing and emerging market players in the landscape.
New marine fenders are not completely obsolete, but do need improvements, as the data used for the design of these fenders is relatively outdated. That is why, existing and emerging manufacturers should focus on gathering more information related to the durability and sustainability, and run routine lifecycle assessments. Another aspect that could be a reason for the moderate growth rate of the marine fender market could be the loss of confidence from dockyards and ports, as many unscrupulous suppliers provide inferior-quality fenders in the name of established manufacturers. As such, manufacturers are overcoming this challenge by filing patents for their technology and systems.
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Global Marine Fender Market: Key Insights
The global marine fender market is anticipated to expand at a CAGR of ~3% between 2019 and 2027, to reach a valuation of ~US$ 880 Mn by the year 2027.
In terms of fender, the rubber fender segment holds a prominent share of the global marine fender market, and is likely to gain share, owing to the high life expectancy of rubber fenders and availability of raw materials in adequate amount.
Based on component, the others segment held the largest share of the global marine fender market in 2018, as the segment comprises evaluation for the fender body and adjacent components such as chains and anchors.
On the basis of end use, the dockyard segment is anticipated expand significantly during the forecast period, owing to rise in investments for the expansion of port terminals to handle large amount of cargo at terminals.
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Global Maritime Fenders (Marine Fender) Market Outlook (2018-23): Trelleborg, Maritime International, Sumitomo Rubber and Bridgestone
Global Maritime Fenders (Marine Fender) Market Outlook (2018-23): Trelleborg, Maritime International, Sumitomo Rubber and Bridgestone
Global Maritime Fenders (Marine Fender) Market 2018 presents a top to bottom, and expert analysis of the market likewise characterizes the present market inclines, estimate, development rate and order of the business based on Types, Application, Maritime Fenders (Marine Fender) key players and critical areas. The Maritime Fenders (Marine Fender) report outlines the worldwide market experiences…
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Oil Spill Management Market worth US$ 139.4 Bn by 2027
Key Highlights
A new Transparency Market Research report states that the global oil spill management market stood at US$ 105.9 bn in 2018 and is predicted to reach US$139.4 bn by 2027. It is expected to expand at a CAGR of 3.1% from 2019 to 2027. The title of the report is “Oil Spill Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.
According to the report, increasing safety concerns, coupled with the rising number of incidents of oil spills in the past few years, are predicted to boost the market for oil spill management. Furthermore, rising pipeline and seaborne transportation of chemicals and crude oil all around the world is amongst the prime factors fueling the oil spill management market.
Key Drivers: Global Oil Spill Management Market
In addition, strict regulations made by governments around the world for using safety technologies and devices during transportation and drilling of crude oil is also a major factor stimulating the market for oil spill management. The rising offshore and pipeline tanker transportation of oil and gas is also predicted to have a positive impact on the demand for oil spill management. Additionally, the rising research and development spending by top oil spill management companies for rapid and efficient spill cleaning is predicted to lead to promising opportunities for the growth of the market in the coming years.
Ask for Brochure-
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2451
Segmentation Outlook of Global Oil Spill Management Market
The report segments the global oil spill management market in terms of product type, technology, and geography. On the basis of type, the market is segmented into onshore spill management and offshore spill management. On the basis of technology, the oil spill management market is segmented into pre-oil spill and post-oil spill. Pre-oil spill management includes double hulling, blowout preventers, and pipeline leak detection.
On the other hand, the post-oil spill management segment includes mechanical, physical, and chemical and biological methods intended to minimize the effects of the oil spill. Pre-oil spill management comprises technologies for preventing oil spills, whereas the post-oil spill management includes various methods utilized to clean, manage, and contain an oil spillage.
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Rising drilling activities, along with strict regulations posed by governments on oil spillage, are amongst the prime factors stimulating the demand for blowout preventers. On the other hand, strict International Maritime Organization (IMO) regulations have made double-hulled ships mandatory in oil transportation. This has also increased the market share of double-hulled ships on a global level.
Asia Pacific Dominated the Global Oil Spill Management Market in 2018
On the basis of geography, the global oil spill management market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific constituted the leading share of the market in 2018, and is anticipated to maintain its lead during the forecast period. The presence of big shipping industries has raised the orders for double-hulled ships in China, Japan, and South Korea.
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Competitive Landscape: Global Oil Spill Management Market
The major players dominant in the market include National Oilwell Varco, Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, Hyundai Heavy Industries Co., Ltd., COSCO Shipyard CURA Emergency Services, Ecolab Inc., and Group Co., Ltd., among others.
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2018-2023 Global Maritime Fenders (Marine Fender) Consumption Market Report
2018-2023 Global Maritime Fenders (Marine Fender) Consumption Market Report
Get Market Research publishes the following report: 2018-2023 Global Maritime Fenders (Marine Fender) Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Maritime Fenders (Marine Fender) market for 2018-2023.
Date Published: 2018-08-10 00:00:00
Pages: 162
Category: Chemical & Material
Marine…
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Maritime Fender Market Share, growth rate, Comparison by Application Report 2017
Maritime Fender Market Share, growth rate, Comparison by Application Report 2017
View Full Report: https://www.reportsandmarkets.com/reports/asia-pacific-maritime-fender-market-report-2017-1610004 Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Maritime Fender for these regions, from 2012 to 2022 (forecast), including China Japan South Korea Taiwan India Southeast Asia…
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This report focuses on the Maritime Fenders in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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