Press release
Gelcoats Market Share, Revenue, Price, Gross Margin Analysis and Industry Size is expected to grow at ~1,450 million by 2022
Market HighlightsCommenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Gelcoat Market Size is expected to grow at ~1,450 million by 2022. The market witnessed a significant growth owing to use of composite materials in various end user industries across different regions. Gelcoat material are formulated into mold surface coatings to provide protection from diverse conditions. It also provides aesthetic look along with properties as UV degradation, strong resistance from corrosion and water absorption. Gelcoat is available in brush and spray form to provide appropriate thickness so that the part substrate is not prone to damage in diverse conditions.
The global gelcoat market is growing at rapid pace owing to high demand from end user industries. On basis of resins type, polyester holds a strong market owing to use in marine and transportation industry. Growing demand of polyester resin in marine, wind, construction and transportation owing to strong UV degradation compared to epoxy resin and vinyl ester resin has driven the demand for polyester resin in forecasted period. These is followed by epoxy resin and vinyl ester resin. Vinyl ester resins holds a considerable market share. North America and Europe witnessed strong growth in gelcoat market owing to vinyl ester resin used in marine and transportation industry. Epoxy resin is expected to grow moderately owing to use in wind and transportation industry..
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Key Players
• 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)
• Others
Regional Insights
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, North America holds a strong market position in global gelcoat market. U.S is largest producer of boats owing to growing marine and transportation industry.
Europe is second largest region in gelcoat market. Europe being largest producer of automobile, consumes larger amount of gelcoat to increase the vehicles fuel efficiency. 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
End-User Industry analysis:
On basis of end user industry, 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.
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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
Continue………
List of Tables
Table 1 World Population by Major Regions (2015 To 2030) (Million)
Table 2 Global Gelcoat Market: By Region, 2014-2022 (USD Million)
Table 3 North America Gelcoat Market: By Country, 2014-2022 (USD Million)
Table 4 Europe Gelcoat Market: By Country, 2014-2022 (USD Million)
Table 5 Asia-Pacific Gelcoat Market: By Country, 2014-2022 (USD Million)
Continue……..
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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.
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