Global Gelcoat Market

Posted by sandip jagtap on August 26th, 2021

Global Gelcoat Market was valued at US$ 1.1 Bn in 2019 and is expected to reach US$ 2.05 Bn by 2027, at a CAGR of 8.08% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Definition of Global Gelcoat Market

Gelcoat is a material used to provide a superior finishing on a surface of a fiber-reinforced composite used to protect structural laminates.

Global Gelcoat Market 

To know about the Research Methodology:-Request Free Sample Report

Global Gelcoat Market Dynamics

Isophthalic acid-based resins are used to manufacture gelcoats. The common gelcoat are thermosetting polymers based on epoxy or unsaturated polyester resin. Gelcoats are modified resins that are applied to molds in a liquid state. These coats offer various properties such as corrosion resistance, UV degradation, and water absorption. The selection of isophthalic acid-based resins will increase water retention and blister resistance by gelcoats.

An increase in demand for composites to decrease weight and enhancing fuel efficiency of the transportation systems like railways, autos, and leisure vehicles plays propels the necessity for gelcoats in the transportation industry. These coats are available in brush and spray forms of suitable thickness, so that laminate is not susceptible to any cracking damage with various uses in marine, wind, construction, and transportation industries. Most gelcoats are used in the marine industry.

Segment Analysis of the Global Gelcoat Market 

Based on resin type, polyester is the largest resin used for gelcoat manufacturing in 2017. Increasing use of polyester resin in the marine, wind, and transportation industry owing to its excellent UV degradation compared to vinyl ester and epoxy resin has boosted the polyester resin gelcoat market over the forecasted period. These resins are less expensive and have properties such as good corrosion resistance, fast curing, durability, tolerance to temperature, and low thermal expansion. Polyester resin holds the largest market during the forecast period, in terms of value and volume.

In terms of the end-user industry, the marine end-user segment accounted for the largest share of the gelcoat market in 2017 and also expected to be dominant throughout the forecast period. According to the National Marine Manufacturers Association, around 95% of powerboats sold in the U.S. are manufactured in the U.S. itself. The German shipbuilding industry has undergone a substantial transformation over the past few decades, first with modernization and privatization of the yards in East Germany during the 1990s, where considerable investment was made to improve the competitiveness of the industry, which resulted in a number of insolvencies in German yards, and significant consolidation.

Regional Insights of the Gelcoat Market

Geographically, Asia Pacific is expected to be the largest market for Gelcoat during the forecast period, in terms of value and volume. China is now the world’s largest shipbuilder in terms of gross tonnage and value, leaving behind Japan and South Korea. Rapid growth in marine boat safety in countries such as the U.S. and Canada is a foremost factor driving the demand for the global Gelcoat market. Globally, The U.S. is a major consumer of gelcoat.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Gelcoat market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to emerging segments in the Gelcoat market.

Scope of the Global Gelcoat Market: Inquire before buying

Global Gelcoat Market, by Resin Type:

• Polyester

• Vinyl Ester

Global Gelcoat Market, by End-User:

• Marine

• Transportation

• Construction

• Wind Energy

• Others

Global Gelcoat Market, by Region:

• North America

• Europe

• Middle East & Africa

• Asia Pacific

• South America

Key Players Operating in the Global Gelcoat Market:

• Ineos Enterprise,

• Bufa Composite Systems GmbH,

• HK Research Corporation

• Allnex

• Scott Bader Company

• Poliya Composites Resins and Polymer

• Interplastic Corporation

• Alpha Owens Corning (AOC) Aliancys

• Polynt-Reichhold Group

• Turkuaz Polyester

• Synergys Technologies

• Bang and Bonsomer

• Ashland

• Reichhold LLC

• Nuplex Industries Ltd

• CCP Composites

For More Information Visit @: 

 This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors