Gelcoat Market 2018 Manufacture Players in: HK Research Corporation, Ashland Inc., Bufa Composite Systems GmbH & Co. KG., Interplastic Corporation , Scott Bader Company Limited, Polynt S.p.A, Reichhold LLC, Synergys Technologies, Fibre Glass Development C

Gelcoat Market

Gelcoat Market Highlights:
Gelcoat Market is expected to witness a lustrous rapid growth and is expected to reach 1450 million by 2022, with CAGR 8.9% during 2016 till 2022.

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.

Gelcoat is segmented as epoxy, polyester, vinyl ester, others. Polyester resins drive the global gelcoat market. Owing to high UV degradation of polyester compared to vinyl ester and epoxy resins, polyester resin is highly preferable in marine and transportation industry. Vinyl ester resins hold good market share owing to growing marine industry in North America. The demand for gelcoats which are durable, water retention and blister resistance has driven the market growth in wind and transportation industry. Further with growing polyester prices across the globe can restrain the market demand over the forecasted period.

Get Sample PDF Illustration @ https://www.marketresearchfuture.com/sample_request/2369

Gelcoat Market Application:
Gelcoat resins are used across various end user industries such as construction, wind, marine, transportation, others. Marine applications like decks, ship hulls, motor yachts, and power boats are using large quantity of gelcoats to protect it. The increasing demand for light weight vehicles especially power racing boats are expanding the need for gelcoat in these markets. Along with light weight power boats, there is increase in demand for composites that provide better fuel efficiency in transportation vehicles such as railways, buses and leisure vehicles.

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.

Gelcoat demand is expected to grow at higher rate. Rise in government spending in construction and infrastructure activities has ultimately drive the demand of gelcoat in construction industry owing to its use in fiber glass materials and others. Automobile companies are also looking to reduce weight and increase fuel efficiency of vehicles by using composites that can provide such features. Thus, transportation industry will drive the gelcoat demand in coming years.

Gelcoats are developed materials and produced as in-mold surface coatings used for protecting substrate from diverse conditions. These materials are coated to provide aesthetic look for the fiber reinforced materials. It is available both in brush and spray form so that gelcoat can easily be laminated and is not susceptible to any damage. Gelcoat provides following properties as such UV degradation, resistant to corrosion and water absorption.

Gelcoat Market Key Players:
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.

Do Enquiry and Ask for Discount @ https://www.marketresearchfuture.com/check-discount/2369

Gelcoat Market Synopsis:
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.

Gelcoat Market is up surging with the demand from the emerging countries and rapid increase in applications. The choice of isophthalic acid-based resins results in increased water retention and blister resistance by gelcoats. The demand for durable and reduced styrene emission gelcoats globally is expected to provide impetus to the growth of this market. With the developments in marine and wind industries in the growing economies, the gelcoat market is expected to grow at a fast pace.

Gelcoat Market 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.

Gelcoat Market End-User Analysis:
Gelcoat Market is segmented into construction, wind, marine, transportation, others. Marine dominates the market share in gelcoat market. Gelcoats are highly used in marine applications such as decks, ship hulls, motor yachts and power boats. Growing usage of power boats especially for racing purpose and production of leisure boats has driven the market demand. More companies are looking out for fuel efficient vehicles with light weight composites. Thus, increasing the demand for light weight composites in transportation and leisure vehicles are driving the market demand of gelcoats in coming years. Emerging economies like China and India are focusing more on gelcoats owing to growing population leading to rise in gelcoats in transportation and construction industry.

Gelcoat Market Segmentation:
Gelcoat market is majorly segmented on the basis of resin type and end user industry. Based on resin type, Gelcoat market is segmented into epoxy, polyester, vinyl ester, others. Based on end user industry of Gelcoat, the market is segmented into construction, wind, marine, transportation, others.

Gelcoat Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Gelcoat Market
5 Industry Overview of Global Gelcoat Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis

Gelcoat Market Table of Content to be Continue……..,

Read Comprehensive Overview of Report @ https://www.marketresearchfuture.com/reports/gelcoat-market-2369

THANK YOU

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.