Marine Flooring Deck Covering Market to Reap Excessive Revenues by 2025
Added: (Thu Feb 07 2019)
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Global Marine Flooring and Deck Covering Market Introduction
With the growing demand for aesthetics and comfort features in cruises and boats, there has been significant rise in demand for advanced marine floorings and deck coverings over the past few years. In the present scenario, marine flooring and deck coverings are designed from light-weight and non-slippery materials and also with greater resistance to ultra-violet light. The advance marine flooring and deck coverings have rapid drying ability, improved strength and greater durability. The marine flooring and deck coverings are made with greater noise control acoustic damping, which prevents the vibration which were caused in the steel structure, thus not radiating over a greater distance. Some of the other properties of marine floorings include excellent flame retardant, soil and strain resistance. Owing to the immense safety and comfort features, the global marine flooring and deck covering market is projected to grow at significant CAGR over the forecast period.
Global Marine Flooring and Deck Covering Market Dynamics
Drivers
With the rising demand for aesthetics for the ships and recreational boats, there has been a greater demand for the new designed deck coverings and floorings that doesn’t turn grey or fade. The deck coverings and floorings are available in a number of colors with advanced properties of water, sound, UV resistance.
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The growing travel and tourism is also a major factor contributing to the greater demand for marine flooring and deck coverings. There has been significant increase in the number of cruises and recreational boats over the last decade, which in turn would require flooring and deck covering systems.
The stringent regulations related to the marine safety, has also led to the installation of water proof, UV resistant marine floorings and deck coverings.
Restraints
The global marine flooring and deck coverings market has to face a number of challenges such as, the high cost of marine flooring and deck coverings. The regular maintenance of the floorings and deck coverings is also a major challenge in the marine industry.
Trends
The global marine flooring and deck covering manufacturers are focusing on the development of decks that doesn’t get too hot and have better resistance against ultraviolent radiations. The marine floorings and deck coverings are designed such that they require no additional sealing and less maintenance. The manufacturers are also offering diversified customized solutions in order to win an edge over the other players in the market.
Global Marine Flooring and Deck Covering Market Segmentation
The global Marine Flooring and Deck Covering market can be segmented on the basis of product type, region
On the basis of product type, the global marine flooring and deck covering market can be segmented as:
TBS
Wood
PVC
Other Synthetic materials
Epoxy Resins
Others
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On the basis of application, the global marine flooring and deck covering market can be segmented as:
Cruise ships
Work boats
Nautical
Offshore
Recreational boats
Others
On the basis of position, the global marine flooring and deck covering market can be segmented as:
Internal deck covering
External deck covering
Global Marine Flooring and Deck Covering Market: Regional Outlook
Asia Pacific region is projected to dominate the global marine flooring and deck covering market with the rising demand for marine boats, ships and cruises for international trade. China is mainly an exporter to many regions thus exhibiting a greater demand. Regions such as Europe and North America have also contributed a significant share in the global marine flooring and deck covering market owing to the rising demand for cruises and recreational boats from the travel and tourism industry. Middle East and Africa is anticipated to show a relatively sluggish growth over the forecast period. Latin America is projected to expand at a moderate CAGR over the forecast period.
Global Marine Flooring and Deck Covering Market Participants
Some of the prominent market participants identified across the value chain of global Marine Flooring and Deck Covering market are:
Saint Gobin Weber Marine, Flexiteek International AB, Sika AB, Dex-o-tex Marine, Tiflex Group, Forbo Flooring Systems, Bergo Flooring AB, Better Life Technology, LLC, BSW Berleburger Schaumstoffwerk GmbH
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