Home >> News >> Business >> Marine Growth Protection Systems (MGPS) Market is expected to grow at a CAGR of 7.0% from 2016 to 2025

Marine Growth Protection Systems (MGPS) Market is expected to grow at a CAGR of 7.0% from 2016 to 2025

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Bio-fouling has the tendency to impose significant operational incapability and safety penalties on marine fleet. Seawater systems in ships are used to supply water for fire suppression, cooling and heat exchange. These systems are prone to heavy fouling pressure. Many areas of the systems are inaccessible for maintenance due to their complexity in structural design. For instance, sea chests are niche area for settlement and growth of a variety of bio-fouling organisms. It is rather difficult to control and protect these areas with conventional system like anti fouling coatings and primer.

In vessel operations, bio-fouling has the potential to cause blockages of essential pipe network systems, degrade structural integrity of pipework systems and fittings. This leads to change in matter intake flow regimes of the systems, corrosion of essential structures and irregular and unscheduled maintenance. The untimely maintenance often involves more time and capital expenditure. The operational problem becomes apparent only after months of colonization of marine growth. This is when the fouling organisms have grown large enough for the obstruction to be noticed. The HVAC systems, heat exchangers and other systems often are subjected to heavy cooling/heating loads when their internal seawater cooling systems are clogged by marine growth. This indicates that the system needs to be free from marine growth. Marine growth prevention is often preferred over marine growth removal techniques as MGR techniques does not have reach to intrinsic arrangement of the systems. From the environmental perspective, vessels/ships/barges are one of the primary vectors for transfer of non-indigenous (often considered as exotic/rare species) pest species in marine environment. Vessels internal sea water systems have the potential to transfer non-indigenous and indigenous organisms between countries across oceanic borders, which has to be avoided. Thus the root cause of marine growth has to be targeted for their elimination. MGPS services performs the marine growth elimination effectively. Hence the market is expected to grow at a healthy rate for the forecast period.

Some of the major consequences of marine growth and marine fouling is that they block and narrow the passage of cooling water in the marine asset systems. This results in impaired heat transfer systems, overheating of several water cooled machineries, increased corrosion rate and thinning of pipes and reduced efficiency in terms of speed & time loss.

The key MGPS equipment’s producers, developers, suppliers/dealers and service providers are, but not limited to: Cathodic Marine Engineering Pte. Ltd., Deepwater Corrosion Services, Inc., Cathelco, Titanium Tantulum Products Ltd., MME Group, Marine Cathodic Protection Systems.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Marine Growth Protection Systems (MGPS) contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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