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Global Gelcoat Market Size, Share & Analysis and Forecasts 2021-2028: Growing Demand from Marine, Wind Energy and Transportation Industries - ResearchAndMarkets.com

·4 min read

DUBLIN, September 20, 2021--(BUSINESS WIRE)--The "Gelcoat Market Size, Share & Analysis, By Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), By Application Technique (Brush or Roller, Spray Gun, and Others), By Industry Vertical, and By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.

The global gelcoat market size is expected to reach USD 1,340.3 Million in 2028, and register a CAGR of 12.5% during the forecast period. Increasing consumption of gelcoat as surface coating for fiberglass parts of boats, restaurant seats, bathtubs, etc. and growing demand for the product due to its aesthetic appearance and protection of underlying laminated structure are major factors expected to drive market growth to significant extent.

Gelcoats are less expensive than marine paints, exceptionally resistant to cracking and peeling, and are chemically stable, making it durable, hence these products are highly preferred in marine industry. In automotive industry, gelcoats are applied on automobile components to make it lightweight, thus, increase fuel efficiency of the vehicle. Gelcoats offer resistance to water, osmosis, chemicals, UV-rays, and damages.

Shifting preference for use of closed molding process over open molding process is expected to have a negative impact on adoption of gelcoat, and lowering adoption of polymeric top coating (PTC) for application on wind turbines are major factors that could hamper market growth. In addition, stringent government regulations concerning use of gelcoats and environment safety could hamper market growth.

Increasing number of applications in various industries such as wind, construction, navy, as well as transportation is a key factor driving market revenue growth.

  • Market Size - USD 994.9 Million in 2020

  • Market Growth - CAGR of 12.5%

  • Market Trends - Rising investment in R&D and advanced technologies by major players

Key Report Findings:

  • Among the resin type segments, the polyester resins segment accounted for the largest revenue share in 2020. The epoxy resins segment is expected to register the highest revenue growth rate during the forecast period.

  • Among the industry vertical segments, the marine segment accounted for the largest revenue share in the global market in 2020. The automotive industry segment is expected to register the highest revenue growth rate during the forecast period.

  • The Asia Pacific market accounted for substantially high revenue share in the global market in 2020, and is expected to register the highest revenue growth rate during the forecast period.

  • Companies profiled in the market report include Bang and Bonsomer, Synergys Technologies, Alpha Owens-Corning (AOC) Resins, Ashland, Nuplex Industries Ltd., HK Research, CCP Composites, Reichhold LLC, Axson Technologies, Fibre Glass Development Corporation, Scott Bader. Ashland Inc., HK Research Corporation, BUFA GmbH & Co. KG, Polynt S.p.A, Nuplex Industries Ltd., Reichhold LLC, and Scott Bader Company Limited. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Key Topics Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Gelcoat Market Segmentation & Impact Analysis

4.1. Gelcoat Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. Growing demand from marine, wind energy, and transportation industries

4.2.2.2. Rising innovations in coating industry

4.2.3. Market restraints analysis

4.2.3.1. Stringent regulations

4.3. Technological Insights

4.4. Regulatory Framework

4.5. ETOP Analysis

4.6. Porter's Five Forces Analysis

4.7. Competitive Metric Space Analysis

4.8. Price trend Analysis

Chapter 5. Gelcoat Market By Resin Type Insights & Trends

Chapter 6. Gelcoat Market By Application Techniques Insights & Trends

Chapter 7. Gelcoat Market By Industry Vertical Insights & Trends

Chapter 8. Gelcoat Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

  • Bang and Bonsomer

  • Synergys Technologies

  • Alpha Owens-Corning (AOC) Resins

  • Ashland

  • Nuplex Industries Ltd.

  • HK Research

  • CCP Composites

  • Reichhold LLC

  • Axson Technologies

  • Fibre Glass Development Corporation

  • Scott Bader. Ashland Inc.

  • HK Research Corporation

  • BUFA GmbH & Co. KG

  • Polynt S.p.A

  • Nuplex Industries Ltd.

  • Reichhold LLC

  • Scott Bader Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/lajjjl

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005381/en/

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