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    Marine Buoys Market Is Anticipated To Expand At A Healthy CAGR Of 5% During The Forecast Period Of 2020-2030
    (I-BusinessNews.Com, March 15, 2022 ) Marine Buoys are used for the purpose of indication, navigation, monitoring, depth analysis, anchorage, hazard indication, data gathering and location indication. They seek applications across different areas of the marine industry, and are built for customized applications. They are gaining immense importance due to various concerns associated with waterways, especially related to security and safe navigation.



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    Across the world, demand is surging for plastic buoys made from polypropylene, polyamide, polyester, elastomer, and polyethylene, as these are lightweight, have maximum buoyancy, are economical, and also don’t warp with time.



    PMR’s analysis concludes that, the global marine buoys market is anticipated to expand at a healthy CAGR of 5% during the forecast period of 2020-2030.





    Key Takeaways from Marine Buoys Market Study



    Marine buoys have become critical for weather forecasting and data monitoring purposes, for applications such as hurricane or cyclone forecasts, seasonal forecasting, satellite monitoring, maritime security, and ocean navigational aids.

    Due to rising regulatory acts concerning installation and practice of using buoys, governments have come with separate associations which monitor buoy behavior in their regions.



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    This has led to standardization in buoy manufacturing and installation, and has provided a healthy outlook toward environment protection.

    Gradual inclination toward water sports and recreational activities has attracted large usage of buoys for the purpose of safety, navigation, and more often, to locate or indicate hazards.



    Developments constituting usage of various material combinations such as elastomer and polymers for manufacturing marine buoys have led to up-gradation in their structures, providing durability and lightweight construction. Plastic and metal marine buoys are the most sought-after, and will account for more than 90% of total demand.



    North America and East Asia will account for close to half of the total demand in the marine buoys market, as far as volume is concerned.

    1 out of every 2 marine buoys will be the mooring and anchor versions sold across the globe.



    With travel and trade restrictions in place due to the COVID-19 pandemic, the marine sector has been hit hard, which has resulted in decreased demand for marine buoys. However, the marine buoys market is expected to bounce back soon as restrictions are gradually eased across regions.



    Read More Trending “PMR Exclusive Article”- https://www.prnewswire.com/news-releases/marine-buoys-market-is-anticipated-to-expand-at-a-healthy-cagr-of-5-during-the-forecast-period-of-2020-to-2030—persistence-market-research-301205205.html



    Read More Trending "PMR Exclusive Article"-



    Vertical Lift Module Market

    The global vertical lift module market is estimated to be valued at US$ 836.5 Mn by 2018 end and is expected to reach US$ 1,517.7 Mn by the end of 2026, while expanding at a CAGR of 7.7% over the forecast period: https://www.persistencemarketresearch.com/market-research/vertical-lift-module-market.asp



    Dock Levelers Market

    As per PMR's study report, the global dock levelers market is expected to foresee a stable CAGR of 5.7% along with a healthy revenue from 2017-2025 end: https://www.persistencemarketresearch.com/market-research/dock-levelers-market.asp





    Industrial Racking System Market

    Industrial racking system market at global and regional levels, through market segmentation on the basis of key parameters such as carrying capacity, design, end-users & region: https://www.persistencemarketresearch.com/market-research/industrial-racking-system-market.asp



    About us:



    Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.





    Persistence Market Research

    Atul Singh

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