Gelcoat Market Analysis, Top Key Players | HK Research Corporation, Ashland Inc, Bufa Composite Systems GmbH & Co. KG., Interplastic Corporation, Scott Bader Company Limited, Polynt S.p.A and Reichhold LLC

Market Overview:
Gelcoat are framed as in mold surface coating which is used to provide protective layer to substrate as well as aesthetic look to the fiber reinforced composites. Gelcoat offers unique properties and characteristics such as corrosion resistance, UV degradation and water absorption. Gelcoat is available in both brush and spray form so that appropriate thickness can be laminated on composite material to avoid damage in diverse conditions.

The global gelcoat market is growing owing to rise in applications in end user industries such as marine, constructions, wind and transportation. Growing use of polyester resin in marine, wind and transportation industry due to its excellent UV degradation compared to vinyl ester and epoxy resin has boosted the polyester resin gelcoat demand over the forecasted period. Gelcoats are widely used in producing marine products such as decks, ship hulls, motor yachts and power boats which need protective coatings to witnessed impact of water tides. Rise in demand for trading and increase in spending of high class people in boats for leisure has pushed the growth of marine industry along with rise in demand for gelcoat. Vinyl ester resin holds as comparative growth rate owing to use in marine industry in North America.

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Key Players:
Key players of the global high Gelcoat market are HK Research Corporation (U.S.), Ashland Inc. (U.S.), Bufa Composite Systems GmbH & Co. KG. (Germany), Interplastic Corporation (U.S.), Scott Bader Company Limited (U.K.), Polynt S.p.A (Europe), Reichhold LLC (U.S.), Synergys Technologies (France), Fibre Glass Development Corporation (U.S), Bang & Bonsomer Group Ab ( Europe) and Others

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Regional Analysis:
Geographically, North America dominates the market segment followed by Europe and Asia Pacific. U.S market is largest consumer of gelcoat over the forecasted period. Growing production of speed boats in U.S especially for racing purpose across the globe has increased the need of gelcoat. After recovery from recession companies are focusing more on profits by reducing material composites of high prices. These has boosted the gelcoat market growth in U.S. North America and Europe holds largest market share in polyester and vinyl ester resins gelcoats owing to major player in marine and transportation industries. Asia-Pacific region represents moderate market share in the global gelcoat market. Rise in population drive construction and transportation industry which further drives the gelcoat market in emerging economies.

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