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Global watertight doors market - PowerPoint PPT Presentation

High Demand for Offshore Vessels and Construction of New Ships to Propel Demand for Watertight Doors

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Watertight Doors Market: Global Industry Analysis, Size and Forecast, 2018 to 2028

Growth of coastal and marine tourism globally to drive watertight doors market growth. Increasing exploration & production of natural gas to boost the market of marine vessels and subsequently, that of watertight doors.

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Growth of Coastal and Marine Tourism Globally to Drive Watertight Doors Market Growth

Watertight doors minimize flooding during the grounding or collision of a ship or when a ship undergoes structural damage and thus, minimize the risk of sinking as in the event of severe structural damage, the ship might be flooded with water. Thus, watertight doors are crucial for all marine vessels as they restrict the entry of water. The global watertight doors market is estimated to be valued at US$289.9 Mn by the end of 2018 and is projected to reach US$546.1 Mn by the end of 2028, expanding at a CAGR of 6.5% over the forecast period. Get More Information@ https://www.futuremarketinsights.com/reports/watertight-doors-market