#gelcoat market trends

[bizworldinsights]

Gelcoat

The global Gelcoat market is projected to reach a valuation exceeding USD 1,025 million in 2019, with a robust Compound Annual Growth Rate (CAGR) of 6.9%, offering lucrative revenue opportunities for industry participants throughout the forecast period.

Gelcoats, derived from modified resins, are applied in a liquid state to molds, delivering a high-quality finish on fiber-reinforced composites. The fundamental ingredient in gelcoats is the polyester resin system, supplemented by key resins such as vinyl ester and epoxy, which contribute to the required chemical composition of the gelcoat. The demand for gelcoats has surged in recent years, driven by rapid advancements in the automotive and chemical processing sectors. Consequently, companies are not only concentrating on marketing channels but also investing significantly in Research and Development (R&D).

Global Gelcoat Market Size and Forecast: By Resin

An analysis by Bekryl has revealed the distribution of industry revenue across various resin types, including vinyl ester, polyester, epoxy, and others. Among these, polyester resin dominated the global market with a 48% share in 2018. Polyester resin plays a pivotal role in marine and aerospace gelcoating due to its easy availability, cost-effectiveness, and high resistance to UV degradation.

Global Gelcoat Market Size and Forecast: By End-use Analysis

In 2018, the marine sector emerged as the largest consumer of gelcoats, contributing to 38% of the total revenue generated by gelcoat players. Gelcoats provide corrosion resistance to cargo ships and other high-end boats.

Global Gelcoat Market Size and Forecast: Regional Analysis

Globally, Asia Pacific took the lead in 2018, accounting for 43% of the global market share. The region's demand for gelcoat is primarily driven by increased spending in construction, real estate, aerospace, and marine sectors. Asia Pacific plays a significant role in global sea transport trade, with major shipbuilders concentrated in China, South Korea, and Japan. Prominent shipbuilders, including Hyundai HI, Daewoo Shipbuilding, and Samsung HI, collectively generated a revenue of USD 11.3 billion from shipbuilding. This trend is anticipated to persist as companies focus on expanding their sales.

Global Gelcoat Market Size and Forecast: Competition Landscape

Industry players are prioritizing product innovation to remain agile and achieve a high Return on Investment (ROI).

Key Gelcoat Players:

CCP Composites

Ashland

Nuplex Industries Ltd.

Bang and Bonsomer

Fibre Glass Development Corporation

Alpha Owens-Corning (AOC) Resins

Synergys Technologies

Reichhold LLC

Industry Segmentation

By Resin Type:

Epoxy

Polyester

Vinyl Ester

Others

By End-use:

Aerospace

Marine

Construction

Real Estate

Others (Energy, Heavy Industries, etc.)

[marketinganalysis201]

gelcoat-resin-market-size-share-2022-growth-trends-covid-19-impact-analysis-and-forecasts-to-2030

https://www.marketwatch.com/press-release/gelcoat-resin-market-size-share-2022-growth-trends-covid-19-impact-analysis-and-forecasts-to-2030-2022-12-05

[blueweave8]

Saudi Arabia Gelcoat Market Analysis, Trends, 2023-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia gelcoat market size at USD 38.79 Million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia gelcoat market size to grow at a CAGR of 6.76% reaching a value of USD 60.69 Million by 2029. An increasing demand for high-performance composite materials across a variety of industries, including transportation, aviation, aerospace, and military defense, is one of the main development factors for the Saudi Arabia gelcoat market. Expanding building operations in Saudi Arabia as a means of economic diversification is also emerging as a significant driving force for the growth of the Gelcoat market.

Saudi Arabia Gelcoat Market – Overview

Gelcoat, also called Gel Coat, is a substance used to give a high-quality finish on the visible surface of a fiber-reinforced composite. It is a two-part polyester resin that has been particularly prepared for use as the initial resin layer to be put in a mold for creating a polyester or vinyl ester composite product. The objective is to produce an opaque surface that will totally prevent glass pattern show-through. However, free water will seep through the surface of the gelcoat and infiltrate into the structure since Gelcoat is not waterproof. The water will then either evaporate or freeze, shattering the gelcoat as a result of temperature extremes.

Sample Request @ https://www.blueweaveconsulting.com/report/saudi-arabia-gelcoat-market/report-sample

Saudi Arabia Gelcoat Market – By End User

Based on end user, the Saudi Arabia Gelcoat market is segmented into automotive, marine, building & construction, wind energy, and others. The marine segment accounts for the highest market share. Gelcoat is a form of polymer that is applied to boats and other watercraft as a protective covering. It protects the vessel's hull from UV radiation, seawater, and other factors and is commonly applied to the hull. The color options for gelcoat are many, and it may be polished to a brilliant gloss. “Saudi Arabia is placed 20th internationally in the marine transport sector and achieved the highest regional improvement in the 2021 Maritime Connectivity Index”, as reported by Arab News. As a result, the demand for gelcoat is also expanding in the marine industry.

Impact of COVID-19 on Saudi Arabia Gelcoat Market

The unprecedented COVID-19 pandemic outbreak affected the growth of the Saudi Arabia gelcoat market. The operations of the major end-user industries of the Gelcoat market including automotive and building & construction were temporarily hindered which is impacting the market demand for gelcoat in Saudi Arabia. Additionally, the production activities and import activities also negatively affected the Saudi Arabia gelcoat market.

Competitive Landscape

Major players operating in Saudi Arabia gelcoat market include LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., Eternal Synthetic, and Euroresins. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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[researchexpert]

North America accounts for the biggest share of the global gelcoat market. The marine and transportation end-use industry are the major consumers of gelcoats in the region.

[pmehtapooja]

Global Gelcoat Market Growth|Trends, Size,Share & Forecast to 2025

Gelcoat Market Overview

The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025).

The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-styrene emission gelcoat is considered one of the primary global COVID-19 analysis on gelcoat market trends, which will gain traction over the review period.

Global Gelcoat Market: Segmental Analysis

The global gelcoat industry growth has been segmented on the basis of resin type and end use industry.

By resin type, the market constitutes of vinyl ester, polyester, epoxy, and others. Of these, polyester is the most extensively used resin for gelcoat. It is easily available and has a low price compared to other resins. Polyester offers useful properties like low shrinkage and is resistant to chemicals and water. Such attributes enable polyester resin-based gelcoat to be used in the construction and marine industries.

The end use industry incorporates wind energy, marine, construction, transportation, and others. Of these, the marine industry is considered to gain significant prominence in the years to come. Glass fiber reinforced plastics are extensively used in the marine industry. Decks and ship hulls for sailing/motor yachts and powerboats are made up of premium quality glass fiber reinforced plastics. The use of fiber-reinforced plastics augments the use of gelcoat in the marine sector as the product helps to enhance the aesthetic quality of fiberglass, besides offering corrosion resistance to structural layered materials.

 Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/gelcoat-market-2369

Gelcoat Market Regional Frontiers

Based on the region, the gelcoat market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region was considered the fastest growing and the largest market in 2018. The region is anticipated to follow a similar trend in the foreseeable future due to the booming transportation and wind energy sectors. Countries like Japan, South Korea, and China are considered among the world’s top shipbuilding nations and thereby register high demand for gelcoat for coating ships. Moreover, the recent boom in the construction industry is fueling the demand from the gelcoat market as buildings are consuming fiber plastics for several applications.

Europe has managed to seize the second-largest share in the global market due to the recovery of the marine industry. The booming wind energy industry in the region is also encouraging the market growth in Europe.

North America, on the other hand, is likely is register significant growth, with the U.S. holding 16.5% share of the total wind installed capacity. This is likely to encourage the demand for gelcoat in the wind energy industry. Moreover, the increased adoption of fiber-reinforced for several building applications is contributing to the market growth in the region.

Gelcoat Market Competitive Dashboard

The top players operating in the gelcoat market include 3M (US), Scott Bader Company Ltd (UK), INEOS (UK), Polynt SpA (Italy), Oy Kokko-Fiber Ab (Finland), Mechemco (India), Vetroresina Spa (Italy), BÜFA Composite Systems GmbH & Co. KG (Germany), AOC LLC (US), Interplastic Corporation (US), Allnex Netherlands BV (Netherlands), HK Research Corporation (US), Fibre Glast Developments Corp. (US), Reichhold LLC (US), and Axson Technologies (France).

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[supermarkettrends]

Gelcoat Market Strategic Insights and key Business Influencing Factors | Major Players – Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp. Ltd.

Gelcoat Market is highly used in providing protective covering from weather and environmental impact. It helps in providing UV stability and giving aesthetic appearance. Now, gelcoat is used for constructing luxurious yachts and growing water projects. The major advancement in the gelcoat is that it is now have been used for packaging foodstuffs and home décor.

 Get Sample Report at :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-gelcoat-market

Competitive Analysis: Asia-Pacific Gelcoat Market

Few of the major competitors currently working in Asia-Pacific Gelcoat Market are AKZO NOBEL N.V., ASHLAND, LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., DE USSEL COATINGS BV, DUGALAK Ltd., Eternal Synthetic Resins (Changshu) Co.Ltd., Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp.,Ltd, Mäder, NANO4LIFE EUROPE L.P., Polynt, Resoltech, Scott Bader Company Ltd.,TURKUAZ POLYESTER.

 Key Pointers Covered in the Asia-Pacific Gelcoat Market Trends and Forecast to 2026

Asia-Pacific   Gelcoat Market New Sales Volumes

Asia-Pacific   Gelcoat  Market Replacement Sales Volumes

Asia-Pacific   Gelcoat Market Installed Base

Asia-Pacific   Gelcoat Market By Brands

Asia-Pacific   Gelcoat Market Size

Asia-Pacific   Gelcoat  Market Procedure Volumes

Asia-Pacific   Gelcoat Market Product Price Analysis

Asia-Pacific   Gelcoat Market Healthcare Outcomes

Asia-Pacific   Gelcoat Market Cost of Care Analysis

Asia-Pacific   Gelcoat Market Regulatory Framework and Changes

Asia-Pacific   Gelcoat Market Prices and Reimbursement Analysis

Asia-Pacific   Gelcoat Market Shares in Different Regions

Recent Developments for Asia-Pacific   Gelcoat Market Competitors

Asia-Pacific   Gelcoat Market Upcoming Applications

Asia-Pacific   Gelcoat Market Innovators Study

Get Detailed TOC:

https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-gelcoat-market

Key Developments in the Market:

In February 2019, Scott Bader launched two new products at JEC World 2019. The products are Crestafire intumescent FST system, and Crestapol 1270 which is a new high quality urethane acrylate resin for SMC and BMC. This will help the company to make its strong presence in the resin market.

In February 2018, Euroresins Spain and Bufa announced the launch of their first gelcoat of conductive moulds. The company is constantly adding new products to diversify its network of sales by catering more customers.

In 2019, NANO4LIFE EUROPE L.P launched its new generation in surface nano-coating anti-bacterial / hygiene series – NANO4-HYGIENE LIFE. It will help the company in gaining good share in preference as well as in sales.

Segmentation: Asia-Pacific Gelcoat Market

Asia-Pacific gelcoat market is segmented into four notable segments which are type, resin, application method and end-user.

On the basis of type, the market is segmented into standard gelcoat and specialty gelcoat.

On the basis of resin, the market is segmented into polyester, vinyl ester, epoxy and others.

On the basis of application method, the market is segmented into spray, brush & roller.

On the basis of end-user, the market is segmented into automotive, marine, building and construction, wind energy and others.

 Speak to Author :

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-gelcoat-market

Research Methodology: Asia-Pacific Smart Education and Learning Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

Browse Related Report Here:

Flooring chemical Market

Specialty Nitrile Butadiene Rubber Market

[pratikwadekar2]

Asia-Pacific Gelcoat Market – Industry Trends and Forecast to 2026

Gelcoat is a compound utilized in providing outer protective layer and high quality finishing to surfaces of the fibre-reinforced composite. It is formulated by using different resins such as polyester, vinyl ester, epoxy and others. It is highly resistant to water, osmosis, UV, chemical, impact and crack. It gives enhanced mechanical property and reduces surface porosity.

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-gelcoat-market

[marketinganalysis201]

epoxy-gelcoat-market-size-share-2022-growth-trends-covid-19-impact-analysis-and-forecasts-to-2030

https://www.marketwatch.com/press-release/epoxy-gelcoat-market-size-share-2022-growth-trends-covid-19-impact-analysis-and-forecasts-to-2030-2022-12-05

[researchtrendingmarket-blog]

Gelcoat Market Size, Industry Growth with key Business Influencing Factors| Interplastic Corporation, Leader Compsite Comp. Ltd.

Gelcoat Market is highly used in providing protective covering from weather and environmental impact. It helps in providing UV stability and giving aesthetic appearance. Now, gelcoat is used for constructing luxurious yachts and growing water projects. The major advancement in the gelcoat is that it is now have been used for packaging foodstuffs and home décor.

 Get Sample Report at :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-gelcoat-market

Competitive Analysis: Asia-Pacific Gelcoat Market

Few of the major competitors currently working in Asia-Pacific Gelcoat Market are AKZO NOBEL N.V., ASHLAND, LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., DE USSEL COATINGS BV, DUGALAK Ltd., Eternal Synthetic Resins (Changshu) Co.Ltd., Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp.,Ltd, Mäder, NANO4LIFE EUROPE L.P., Polynt, Resoltech, Scott Bader Company Ltd.,TURKUAZ POLYESTER.

 Key Pointers Covered in the Asia-Pacific Gelcoat Market Trends and Forecast to 2026

Asia-Pacific   Gelcoat Market New Sales Volumes

Asia-Pacific   Gelcoat  Market Replacement Sales Volumes

Asia-Pacific   Gelcoat Market Installed Base

Asia-Pacific   Gelcoat Market By Brands

Asia-Pacific   Gelcoat Market Size

Asia-Pacific   Gelcoat  Market Procedure Volumes

Asia-Pacific   Gelcoat Market Product Price Analysis

Asia-Pacific   Gelcoat Market Healthcare Outcomes

Asia-Pacific   Gelcoat Market Cost of Care Analysis

Asia-Pacific   Gelcoat Market Regulatory Framework and Changes

Asia-Pacific   Gelcoat Market Prices and Reimbursement Analysis

Asia-Pacific   Gelcoat Market Shares in Different Regions

Recent Developments for Asia-Pacific   Gelcoat Market Competitors

Asia-Pacific   Gelcoat Market Upcoming Applications

Asia-Pacific   Gelcoat Market Innovators Study

Get Detailed TOC:

https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-gelcoat-market

Key Developments in the Market:

In February 2019, Scott Bader launched two new products at JEC World 2019. The products are Crestafire intumescent FST system, and Crestapol 1270 which is a new high quality urethane acrylate resin for SMC and BMC. This will help the company to make its strong presence in the resin market.

In February 2018, Euroresins Spain and Bufa announced the launch of their first gelcoat of conductive moulds. The company is constantly adding new products to diversify its network of sales by catering more customers.

In 2019, NANO4LIFE EUROPE L.P launched its new generation in surface nano-coating anti-bacterial / hygiene series – NANO4-HYGIENE LIFE. It will help the company in gaining good share in preference as well as in sales.

Segmentation: Asia-Pacific Gelcoat Market

Asia-Pacific gelcoat market is segmented into four notable segments which are type, resin, application method and end-user.

On the basis of type, the market is segmented into standard gelcoat and specialty gelcoat.

On the basis of resin, the market is segmented into polyester, vinyl ester, epoxy and others.

On the basis of application method, the market is segmented into spray, brush & roller.

On the basis of end-user, the market is segmented into automotive, marine, building and construction, wind energy and others.

 Speak to Author :

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-gelcoat-market

Research Methodology: Asia-Pacific Smart Education and Learning Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

Browse Related Report Here:

Flooring chemical Market

Specialty Nitrile Butadiene Rubber Market