Lining Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast to 2022-2028

 The global lining market is estimated to be valued at US$ 3,958.7 Million 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 Million, over the forecast period of 2018-2028, as per a recent study by Future Market Insights.

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 the growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of the global lining market.

Charts and Data Tables About Market and Segment Sizes for a Historic Period of Ten (2018-2028) years have been Covered in this Report. Download the Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7246

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

  • Polymer
  • Rubber
  • Ceramic & Carbon Brick Line
  • Tile Lining

By Chemistry:

  • Solvent borne
  • Waterborne
  • Powder

By End Use:

  • Marine
  • Oil & Gas
  • Construction
  • Power Generation
  • Chemical Industry
  • Automotive
  • Mining and Metal Processing
  • Others

Major global suppliers of linings are channelizing efforts towards developing partnerships with end users 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.

Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance options for goods in the form of containers, dry and liquid bulk, and roll on-roll off (Ro-Ro) type of cargo. Cost-effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding too is contributing to the growth of the 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 costs and indulgent legislation are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

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