North America Gelcoat Market Growth Trends By Top Key Players And Forecast 2028

The research report "North America Gelcoat Market: By Resin Type (Vinyl Ester, Polyester, Epoxy and Others), By End User (Wind Energy, Transportation, Marine, Construction, Aerospace and Others), and Geography- Global/Region/Country Forecast to 2028." The North America Gelcoat Market growing at a significant CAGR over the period 2022-2028.

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High growth in emerging economies is bolstering the North America Gelcoat Market
Gelcoats are commonly used to produce marine products including power boats, decks, motor yachts and decks which require protective coatings to witness impact of water tides. Gelcoats are also used on engine parts and other automobile parts for reducing weight and increasing fuel efficiency. Increasing expenses of high class people in boats for leisure and growing demand for trading pushed enhanced the marine industry growth along with increasing demand for gelcoat. Vinyl ester resin holds as comparative growth rate due to the use in marine industry. One of the challenges of gel coat is that there are usually only a limited number of colors that can be used. It is relatively hard to work with gel coat in making custom graphics or images on the boat surface.

A few of the major factors influencing the market growth are growing demand for low-styrene emission gelcoat and high growth in emerging economies. Moreover, North America is anticipated to remain the major market by value and volume and is also anticipated to witness the highest growth over the forecast period due to the growth in the end use industries. North America gelcoat market is growing because of the rise in applications in end user industries including marine, constructions, wind and transportation. Growing use of polyester resin in marine, wind and transportation industry owing to its excellent UV degradation compared to vinyl ester and epoxy resin has driven the polyester resin gelcoat demand over the estimation period.

U.S. accounted for major revenue share in the North America Gelcoat Market:
North America gelcoat market report gives comprehensive outlook on gelcoat across the globe with special emphasis on key countries such as U.S and Canada. Among these countries, U.S. got significant revenue share in North America gelcoat market with significant CAGR rate. This market is the biggest consumer of gelcoat over the forthcoming years. Increase in the production of speed boats in U.S. particularly for racing purpose around the globe has increased the need of gelcoat. From recession after recovery companies are more focusing on gains by lessening material composites of high prices. It has fuelled the gelcoat market growth in U.S.

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Competitive Analysis - North America Gelcoat Market:
Major players working in the North America gelcoat market are Turkuaz Polyester (Turkey), Scott Bader Company (UK), Polynt-Reichhold Group (US), Poliya Composites Resins and Polymers (Turkey) and Interplastic Corporation (US).

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