Gelcoat delivers high-quality finish on surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are recently used to manufacture gelcoats. It is available in brush and spray versions of appropriate thickness so that laminate is not susceptible to any cracking damage with diverse applications in marine, wind, construction, and transportation industries. Now-a-days many Marine craft and aircraft are designed using composite materials having an outer covering of Gelcoat. It provides protection to ultraviolet degradation, hydrolysis, and blister resistance.
This report projects the global gelcoat market with trends and opportunities and its demand by 2022. This research study includes qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period. Our research teams have used various secondary resources and directories such as industrial databases, journals, and magazines along with primary resources coupled with industry oriented measures such as industry related expert interviews to obtain key information and valuables, which makes it an asset for players in the market.
The global gelcoat market is enhanced by the rise in demand from the emerging economies and rapid increase in applications. North America and Europe account for vinyl resin and polyester type gelcoats. Asia-Pacific holds a major share in improved gloss and color retention in gelcoats. The choice of isophthalic acid-based resins results in increased water retention and blister resistance by gelcoats. The demand for durable and reduced styrene emission gelcoats globally is expected to hasten this market. With the developments in marine and wind industries in the growing economies, the gelcoat market is expected to grow at a brisk pace. Expensive cost of polyester resins is the factor restricting the market growth.
The gelcoat market is segmented by resin type, end-user industry, and geography. This market based on resin type is classified as polyester, epoxy, vinyl ester, and others. By end-user industry gelcoats have found a sweeping demand in marine, wind, construction, energy, transportation, and other industries such as (sanitary, aerospace, food additive requirement, and fiber reinforced plastic (FRP) tools). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2016, Bang and Bonsomer have launched new gelcoat manufacturing unit in its Kokkola warehouse site in Finland. This unit manufactures the highly valued Polycor gelcoats. This investment would establish their footprints in Finland and diversify their business.
Major players operating in this 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.
KEY BENEFITS FOR STAKEHOLDERS: -
- This report provides a quantitative analysis of the current trends and estimations, and dynamics through 2014-2022, which assist in identifying the prevailing market opportunities.
- This report provides a deep analysis of drivers and restraints on the market growth
- It offers an in-depth analysis of segmentation of the gelcoat market within the market.
- Key players producing gelcoat are listed.
- An in-depth analysis of current research and clinical developments within the gelcoat market is provided with key market dynamic factors that help understand the behavior of the market.
- This study evaluates competitive landscape and value chain to understand the competitive environment across the geographies.
GELCOAT MARKET KEY SEGMENTS: -
By Resin Type
- Vinyl Ester
By End-User Industry
- Others (Sanitary, Aerospace, Food Additive Requirement, and FRP Tools)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Middle- East
- Rest of LAMEA