Gelcoat Market 2025 upcoming Challenges, Opportunities and Forecast to 2025 | Allnex, Turkuaz Polyester, Scott Bader Company, Polynt-Reichhold Group, Poliya Composites Resins and Polymers, Interplastic Corp, Ineos Enterprise, Bufa Composite Systems GmbH

Global Gelcoat Market Size:

The Global Gelcoat Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to growing use of composites in various industries

The global gelcoat market accounted for US$ XX Mn in 2018 and expected to grow at significant CAGR over the forthcoming years. Some of the key factors influencing the market growth include increase in demand for gelcoat in the transportation industry, high growth in emerging economies, rise in applications in end user industries and growing demand for low-styrene emission gelcoat. However, factors such as shift towards closed molding process affecting the use of gelcoat, cracking of gelcoat are hindering the market growth and labor intensive are hindering the market growth.

Global Gelcoat market segmented on the basis of Resin Type, End User and region.

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Epoxy Dominate the Global Gelcoat Market:

Based on the Resin Type, Global Gelcoat market segmented into Vinyl Ester, Polyester, Epoxy and Others. Epoxy gelcoats is one of the major resin types available in the global gelcoat market. These coatings are used during shipbuilding, maintenance, and repairs on multiple parts of the ship, such as underwater hulls, ballast tanks, cargo tanks or holds, decks, topsides, and superstructures, among other parts. Epoxy coatings are majorly used as primers and topcoats. Owing to their convenience to recoat, bonding ability with different materials and moisture-resistant nature, these coatings are effectively used for applications involving corrosion-resistivity. All these factors are likely to rapidly drive the market during the forecast period.

Asia Pacific Leads the Global Gelcoat market:

PBI’s global Gelcoat market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global gelcoat market with considerable CAGR. The booming transportation and construction industries are responsible for the growth of the gelcoat market in the region. China is one of the prominent consumers of gelcoat in the region. The country has become the single-largest consumer of gelcoat in the wind energy industry and is expected to strengthen its position further. APAC has a presence of major gelcoat manufacturers such as Satyen Polymers and Vikram Resins and Polymers.

Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players

Global Gelcoat market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in 2017, Bang and Bonsomer launched a new gelcoat manufacturing unit at Kokkola site in Finland. This unit manufactures the highly valued Polycor gelcoats. This investment is expected to help the company establish its footprints in Finland and diversify its business.

Key player’s profiles in the report are Turkuaz Polyester (Turkey), Scott Bader Company (UK), Polynt-Reichhold Group (US), Poliya Composites Resins and Polymers (Turkey), Interplastic Corporation (US), Ineos Enterprise (UK), HK Research Corporation (US), Bufa Composite Systems GmbH (Germany), Alpha Owens Corning (AOC) Aliancys (US) and Allnex (Germany).

Precision Business Insights (PBI) in its report titled “Global Gelcoat Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

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Detailed Segmentation:

By Resin type
o Vinyl Ester
o Polyester
o Epoxy
o Others
By End User
o Wind Energy
o Transportation
o Marine
o Construction
o Aerospace
o Others
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

Key Features of the Report:

1. The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
2. The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
3. The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
4. The report tracks recent innovations, key developments and startup’s details that are actively working in the market
5. The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
6. The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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About Us:

Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights.

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Shreya Paul
Senior Business Development Executive
Email @ shreya@precisionbusinessinsights.com
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Precision Business Insights

This release was published on openPR.