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Global Marine Cleaning Products Market Insight
2021-12-30 Comments

The marine cleaning product is forecast to continue rising slowly over the next four years. According to the World Knowledge Information (WKI) “Global Marine Cleaning Products Professional Survey Report 2020, Forecast to 2025”, The enhancement of environmental awareness is the main influencing factor to promote the growth of marine cleaning products market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.09% base on WKI regression analysis model.

Analysts’ Viewpoint:

“Affected by the epidemic, e-commerce is developing rapidly. Manufacturers of marine cleaning products can consider developing the online market in an all-round way, so as to broaden their sales channels.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI. “It is suggested that the industry participants of marine cleaning products should actively carry out technological innovation, improve product performance, reduce production costs and occupy more market share.”

Market insight:

Due to the increase of carbon dioxide emissions, the marine industry’s demand for environmental protection and cleaning products is increasing, which will help to promote the growth of the marine cleaning products market. For this reason, the industry participants of marine cleaning products took the initiative to start the production of environmental protection products with natural citrus solvents. In addition, marine cleaning products not only provide environmental protection solutions, but also help protect marine surfaces and equipment. They are an ideal choice for cleaning decks, hulls, machinery, walls, engine rooms and bilges. This will promote the surge in demand for marine cleaning products and promote the expansion of the market scale of marine cleaning products.

However, the fluctuation of raw material prices affects the overall price of marine cleaning products, limits their adoption in various applications, and will hinder the development of marine cleaning product market.

Competition Landscape:

The key players in the marine cleaning products market include Marine Super Store Limited, Wholesale Marine, North American BioIndustries, LLC., Wilhelmsen, SHM Shipcare, 3M, Ecoworks Marine Ltd., CWI, Inc., Triton Cleaning Products, Fluid Energy Group Ltd., Worldwide Janitor, TECO Chemicals and others.

Segmentation of Marine Cleaning Products Market:

According to the type, the marine cleaning products market is divided into stainless steel cleaner, teak cleaner, engine cleaner, hull cleaner and others. Among them, hull cleaner occupies the leading position in the market. Because ship descaling is an important part of ship maintenance. According to the application, the market of marine cleaning products market is divided into passenger ships, cargo ships, fishing boats and others. Passenger ships dominate the market. Because passenger ships contribute a lot to the income of tourism. Therefore, these ships must be maintained and cleaned regularly, which will increase the demand for marine cleaning products and promote the development of marine cleaning products market.

Marine Cleaning Products Market: Regional Analysis

In terms of geography, the global marine cleaning products market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region currently occupies the leading position of global marine cleaning products. As China is a major player in the field of import and export, it is estimated that the Asia Pacific region will continue to be in a leading position in the forecast period. With the increase of freight volume in India, it is expected that the Indian marine chemicals market will also expand in the forecast period. In addition, the increasing use of marine cleaning products by passenger and cargo ships will drive the growth of the North American market. Significant growth is expected in the Middle East and Africa due to the increased use of teak and hull cleaners on fishing vessels.

 

Cagr: 3.09%
Largest share area:Asia Pacific
Largest share country:China