Gelcoat Market Trends, Drivers, Top Companies like Akzo Nobel N.V., Ashland Inc., LyondellBasell Industries Holdings B.V, 3M by 2029

Gelcoat is a material that offers a high-quality finish on the surface of a fiber-reinforced composite. The most common gel coats are thermosetting polymers based on unsaturated polyester or epoxy resin. Gelcoats are advanced resins that are applied to molds in the liquid state. Gelcoat provides unique characteristics and properties such as resistance against water absorption, corrosion, U.V. degradation, blister. Gelcoat can be applied in spray and brush form so that proper thickness can be laminated on the composite material to avoid damage.

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**Note: Version 2023 has been updated.

What does this report offer?

Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.

What size is the Gelcoat Market:

Global Gelcoat Market growing at a CAGR of 8.8%, and it is expected to reach USD 2129.9 million by 2029, over the forecast period 2023-2029.

Drivers

Growing demand for gelcoat in the automotive and transportation sector
Rising demand for gelcoat from the transportation and automotive industry will likely drive the market's growth rate. The automotive and transportation sector cove the major share in the gelcoat market.

Opportunities

Rising demand for gelcoat in wind energy and aerospace industries
Numerous aerospace and wind energy retailers are progressively demanding gelcoats for better resistance to U.V. rays and fire. These are the major factors that determine the quality and life of the product. As a result of this, manufacturers are investing significantly in the development of the gelcoats market

Restraints/ Challenges

Stringent government regulations for gelcoat manufacturers
Styrene is the most common monomer of polyester resin-based gelcoats, the excessive usage of styrene has been a major reason for worry for workers' safety and health. This makes the expansion of the market very difficult.

Who are the key industry players?

Akzo Nobel N.V., Ashland Inc., LyondellBasell Industries Holdings B.V, 3M, Sika AG , Bang & Bonsomer, Sino Polymer Co. Ltd. (, Eastman Chemical Company, Hexion, Huntsman International LLC, BASF SE, Aditya Birla Group Chemicals, Reichhold LLC, Scott Bader Company Limited, Atul Ltd, New Japan Chemical Co. Ltd., Kukdo Chemicals Co. Ltd., Anhui Xinyuan Chemical Co. Ltd., SIR Industriale, LANXESS

Recent Developments:

In June 2020, Scott Bader Australia Pty Ltd acquired the assets of Summit Composites Pty Ltd, distributing gelcoats, high-performance resins, and adhesives to the Australian market. This helps the company to maintain its long-term presence in the Australian composites market.
In February 2020, The Polynt Group announced that it would launch its fully-owned subsidiary, Polynt Composites Turkey. This expansion will aid the company in increasing its gelcoat business in Turkey.

What precisely is market segmentation?

Gelcoat Market by Resin Type, 2023-2029, (USD Million), (Kiloton)

Polyester

Vinyl Ester

Epoxy

Gelcoat Market by Application Pattern, 2023-2029, (USD Million), (Kiloton)

Spray Gelcoats

Brush Gelcoats

Gelcoat Market by End-User Industry, 2023-2029, (USD Million), (Kiloton)

Marine

Aviation & Transportation

Wind Energy

Sanitary Waves

Construction

Gelcoat Keyword Analysis by Regions - Global Version

North America (the United States, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)

- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)

- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)

This report contains detailed quantitative assessments of the Gelcoat market as well as recommendations for building strategies to assist market success and growth.

Table of Content:

1 Study Reporting
1.1 Gelcoat Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Gelcoat Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Gelcoat Market Size
2.1.1 Global Gelcoat Revenue
2.1.2 Global Gelcoat Production
2.2 Gelcoat Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Gelcoat Manufacturers
2.3.2.1 Gelcoat Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered

2.3.2.3 Date of Manufacturers Enter into Gelcoat Market
2.4 Key Trends for Gelcoat Markets & Products

3 Market Size by Manufacturers
3.1 Gelcoat Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Gelcoat Production by Regions

4.1 Global Gelcoat Production by Regions
4.1.1 Global Gelcoat Production Market Share by Regions
4.1.2 Global Gelcoat Revenue Market Share by Regions
4.2 United States
4.2.1 United States Gelcoat Production
4.2.2 United States Gelcoat Revenue
4.2.3 Key Players in United States
4.2.4 United States Gelcoat Import & Export
4.3 Europe
4.3.1 Europe Gelcoat Production
4.3.2 Europe Gelcoat Revenue
5 Gelcoat Consumption by Regions
5.1 Global Gelcoat Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Gelcoat Breakdown Dada by Application
7.2.1 Global Gelcoat Consumption by Application

7.2.2 Global Gelcoat Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Gelcoat Production and Revenue Forecast
9.1.1 Global Gelcoat Production Forecast
9.1.2 Global Gelcoat Revenue Forecast
9.2 Gelcoat Production and Revenue Forecast by Regions
9.2.1 Global Gelcoat Revenue Forecast by Regions
9.2.2 Global Gelcoat Production Forecast by Regions
9.3 Gelcoat Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Gelcoat Production Forecast by Type
9.4.2 Global Gelcoat Revenue Forecast by Type

10 Consumption Forecast
10.1 Gelcoat Consumption Forecast by Application
10.2 Gelcoat Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Gelcoat Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Gelcoat Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Gelcoat Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Gelcoat Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Gelcoat Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Gelcoat Sales Channels
11.2.2 Gelcoat Distributors
11.3 Gelcoat Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Gelcoat Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

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The study of the effects of the Russia-Ukraine War and COVID-19 on Gelcoat industry will be added to the final report.

The market for Gelcoat has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Gelcoat Market, a range of approaches and analysis are utilized in the study.

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