Petroleum Dyes Market growth is propelled by rising demand in the marine transportation business

Increasing global marine transportation is anticipated to propel petroleum dyes market in near future. Water transportation has become major linkage across various regions, goods are transported from sea routes for its affordability and shorter distance. Nearly all the countries are connected through sea with each other. Marine industry growth can be predicted through annual growth rate of its insurance sector, which is 2.5% and is expected to boost product usage.

Europe will register decent growth in the petroleum dyes market. Marine transportation majorly strengthens the region's economy. In 2014, over 50% of Europe's external freight trade was shipped by sea routes and over 350 million passenger board and disembarks in the port every year. Increasing demand for maritime will subsequently boost petroleum dyes market in next seven years. MEA, especially Saudi Arabia is the highest consumer, producer and exporter of oil and gas products. The country is gifted with huge number of oil and gas reserves that increases their usage and boost up product demand in the region.

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