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Gelcoat Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global gelcoat market estimated to value over USD 1.9 billion by 2026 end and record a CAGR of over 7.6% during the forecast period 2019 to 2026. Gelcoat are special coatings done on surfaces in order to provide protection as well make the product
Gelcoat Market Global Trends, Market Share, Industry Size, Growth, Opportunities,
and Market Forecast 2019 to 2026
Global gelcoat market estimated to value over USD 1.9 billion by 2026 end and
record a CAGR of over 7.6% during the forecast period 2019 to 2026.
Gelcoat are special coatings done on surfaces in order to provide protection as well
make the product attractive. This exterior coat has distinct properties such as UV
protection, water-resistance and durability. To acquire depth according to
preference, gel coating can be done either via brush or spray.
The global gelcoat market is expanding due to the rise in its application in various
industries. This technique is employed within various industries thus driving the
market’s revenue. Industries such as construction, wind and navy as well as
transportation. Gelcoats are widely used in the marine industry and with rising
industrialization, the demand for this market also subsequently increases. Increased
trading and luxury of the marine transport industry further expand the demand for
gelcoat. It is also employed on automobile parts to increase fuel efficiency and make
it lightweight.
Recent developments in this market are, in 2018, Ashland Inc. had announced its
launch of Maxguard EZM marine white gelcoat for marine applications. Such
projects fuel the market’s revenue and are highly profitable.
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Global Gelcoat Market: Segmentation
By Resin:
• Epoxy
• Polyester
• Vinyl Ester
Polyester resin dominated the gelcoat market and is predicted to do so during the
forecast period. Polyester has wide applications in this market and is primarily used
for gel coat. The various properties and durability make it a favourable choice and
thus holds a major market share.
By End-use Industry:
• Construction
• Wind Energy
• Marine
• Transportation
• Others
The wind energy end-use industry is projected to record the highest CAGR during the
forecast period. It is the fastest-growing industry and since it widely uses gel coating
in wind blades and nacelles, this drives the market’s growth.
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
North America and Europe hold the maximum shares in the global gel coat market.
Asia-Pacific is also expected to contribute significantly towards the market revenue in
the forecast period.
The development and expansion of marine facilities in the developing countries will
be favourable for the market.
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Competitive Landscape:
• Tier 1 players- established companies in the market with the major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
The established firms in the market are Synergys Technologies, Bang and Bonsomer,
Ashland, Alpha Owens-Corning (AOC) Resins, HK Research, Nuplex Industries Ltd.,
Reichhold LLC, CCP Composites, Fibre Glass Development Corporation, Axson
Technologies, and Scott Bader
The developments that have occurred are, in 2016, Bang and Bonsomer have
launched new gelcoat manufacturing unit in its Kokkola warehouse site in Finland.
This investment would establish their footprints in Finland and diversify their
business leading to a rise in demand for gel coat services.
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on gelcoat market by type, end-user
industry, and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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