Gelcoat Market is valued approximately at USD 872 million in 2019 and is anticipated to grow with a healthy growth rate of more than 13.2% over the forecast period 2020-2027.
Report Ocean publicize new report on the Gelcoat Market. The Gelcoat Market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the Gelcoat Market growth. Additionally, the database analyzes and estimates the Gelcoat Market both globally and regionally.
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Gelcoat are materials utilized to facilitate a higher quality finish on the visible surface of a fiber-reinforced composite. The conventional gelcoats are thermosetting polymers based on epoxy and unsaturated polyester resin chemistry. These coats are applied to molds in liquid state and offer numerous properties such as water absorption, UV degradation and corrosion resistance.
The gelcoat market is driven by the rise in demand for high performance composite materials across the globe. Application of these gelcoats in automobiles to reduce weight and enhance fuel efficiency of vehicles such as railways, buses and autos propel the demand for gelcoats. For Instance: The latest standard set by the EU in 2015 specifically stated the target as the diesel vehicles for considerable NOx reduction. Euro VI limits for heavy-duty vehicles were announced in Regulation 595/2009, and were revised by Regulations 582/2011 and 133/2014.
The Euro 6 limits for light-duty vehicles came prior and were presented along with Euro 5 limits under Regulation 715/2007, promulgated in 2007. Also, these coats are widely used in marine industry as ships and recreational boats are typically made using glass fibre which needs these coating on ships hulls, decks and power boats. Thus, the mounting marine industry also fuels the market growth. As per the UNCTAD Maritime Transport outlook 2018, maritime trade expanded by 4% in 2017. However, transition towards closed molding process impedes the growth of the market over the forecast period of 2020-2027. Although, new areas of application for example use of gel coats in the Wind energy sector to coat wind blades presents a lucrative opportunity for the market.
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The regional analysis of global Gelcoat market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well established transportation sector and marine industry in the region.
Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income and rising adoption of light weight and fuel efficient automobiles would create lucrative growth prospects for the Gelcoat market across Asia-Pacific region.
Major market player included in this report are:
HK Research Corporation
Bufa Composite Systems Gmbh
Alpha Owens Corning
Poliya Composites Resins and Polymers
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Resin Type:
By End-use Industry:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Gelcoat Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Key questions answered in the Polypropylene and Polypropylene Composites Market report are:
How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the chemical market over the forecast period?
What are the factors driving and restraining the market for chemicals?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?’
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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