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China Spearheaded the Lining Market with Over One-Third Share in 2018

Press release Description

Albany, New York, January 3, 2019: The linings market has grown significantly in the last few years owing to its increasing usage in various applications such as chemical industry, metal processing, marine, power generation, automotive, and construction. The two main factors driving the linings market are increase in marine trade and increasing industrialization.

In 2018, the linings market was valued at $3,958.7 million and is estimated to be worth $5,820.8 million by the end of 2028. The market will grow at an impressive CAGR of 4% through 2028.

The aforementioned insights are taken from the report titled, “Lining Market: Polymer Lining to Gain Significant Traction Among All product Types: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” included recently in the repository of Market Research Reports Search Engine’s (MRRSE).

Furthermore, the global linings market remains influenced by the increase in investments in oil & gas exploration activities and increasing production capacities of refineries.  Other factors that are favoring the growth of the linings market are increased demand for trade via marine ports, growth of the shipbuilding industry, and repeated repair and maintenance of linings in shipping.

On the basis of region, in 2018, China held the largest share accounting for 35% of the global linings market. The status quo is expected to prevail in the coming future. Increase in the industrial growth in the region is expected to drive sales of lining products.

Lining Market: Report Highlights

The report starts with the executive summary, introduction, and definition of the product – lining. Several factors that impact the market growth have been included in this report.

Moreover, key segments identified in the lining market have been represented with the help of a taxonomy table. It also offers insights on the adoption and demand trends affecting the lining market across various countries and regions in the world.

A well-structured process was used to collect essential information that are included in this market research report. Segmentation of the market has been covered in the report to offer the readers of the report with detailed information about the market.

Lining Market: Competitive Landscape

Analysis of the competition landscape included in the research study aims at providing detailed insights on the strategies of the key players operating in the lining market. This will help the readers and buyers of the market report to comprehend the report in detail.

The report also covers key market players that are involved in developing and selling lining products. Moreover, to help the readers, essential information such as – market shares, SWOT analysis, and key growth strategies of the key players are covered in the report.

New market entrants along with the existing market players will have an added advantage with the strategies of the key players included in the concluding section of the lining market report.

Some of the key vendors of the lining market are PPG Industries, Inc., The Jotun Group, Solvay SA, The Sherwin Williams Company, Sauereisen, Inc., Hempel A/S, Ultimate Linings, Ltd., Akzo Nobel N.V., STEULER-KCH GmBH, Polycorp Ltd., and GBT-BÜCOLIT GmbH.

Browse Full Global Lining Market Report with TOC :

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