New Analysis: Gelcoat Market by Industry Development Trend Analysis and Forecasts 2025

ReportsnReports published a research report on “Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), End-use Industry (Marine, Transportation, Wind-Energy, Construction, and Others), and Region” – Industry Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.

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The Global Gelcoat Market size is projected to grow from USD 974 Million in 2020 to USD 1,808 Million by 2025, at a CAGR of 13.2% between 2020 and 2025.

Top Companies Profiled in the Gelcoat Market:
• HK Research Corporation (US)
• Scott Bader (UK)
• Ineos (UK)
• Bufa Composite Systems Gmbh (Germany)
• Allnex (Germany)
• Alpha Owens Corning (US)
• PolyntReichold (US)
• Turkuaz Polyester (Turkey)
• PoliyaComposites Resins and Polymers(Turkey)
• InterplasticCorportion(US)

Excellent chemical resistance, durability, and strength of epoxy resin make it suitable for manufacturing gelcoat. Due to thermal and mechanical properties offered by epoxy resin-based gelcoat, such as resistance to corrosive liquids, excellent electrical insulation, good performance at elevated temperatures, lower styrene emission as compared with polyester resins, and good adhesion strength to different varieties of reinforcements., makes it most promising segment.

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The wind energy industry is expected to grow at the highest CAGR during the forecast period in terms of value. Chemical protection and UV resistance properties of gelcoat are increasing its use in the wind energy industry Wind is an important source of renewable energy, and wind turbine blades are the key components in wind power generation system.

Due to COVID-19, numerous wind blade manufacturers and automotive companies have halted their production sites across various countries that has led to reduced demand for composites, which affected the gelcoat demand in Asian countries. The recovery in the end-use industries with restoration in the supply chain would drive the gelcoat demand during the forecast period.

Breakdown of primary participants’ profile:
• By Company Type - Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation - C Level- 50%, Director Level- 20%, and Others- 30%
• By Region - North America- 50%, Europe- 20%, APAC- 15%, Latin America-10%, MEA-5%,

Competitive Landscape of Gelcoat Market:
1 Overview
2 Recent Developments
2.1 Expansion
2.2 Agreement & Partnership
2.3 New Product Launch
2.4 Merger & Acquisition
3 Market Ranking Of Top 5 Players In Gelcoat Market
4 Market Share Analysis In Gelcoat Market
5 Competitive Benchmarking
5.1 Tier 1 Companies
5.1.1 Dynamic Differentiators
5.1.2 Innovators
5.1.3 Vanguard
5.1.4 Emerging
5.2 Competitive Benchmarking Of Tier 1 Companies
5.2.1 Strength Of Product Portfolio
5.2.2 Business Strategy Excellence
5.3 Tier 2 And 3 Companies
5.3.1 Dynamics Differentiators
5.3.2 Innovators
5.3.3 Vanguard
5.3.4 Emerging Companies
5.4 Competitive Benchmarking Tier 2 And 3 Companies
5.4.1 Strength Of Product Portfolio
5.4.2 Business Strategy Excellence

Reason to access this report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall gelcoat market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

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This release was published on openPR.