Global Gelcoat Market is expected to reach $2.54 billion by 2027 growing at a CAGR of 9.9% during 2018 to 2027.

Some of the key players in global Gelcoat market are Bufa Composite Systems Gmbh, Poliya Composites Resins and Polymers, Eastman Chemical Company, Alpha Owens-Corning (AOC) Aliancys, BASF, Allnex, Polynt-Reichhold Group, Huntsman International, Synergys Technologies, and Sika Advanced Resins.

Gaithersburg, Maryland, United States – December 2, 2019 /MarketersMedia/ —

Some of the key factors influencing the market growth include an increase in demand for Gelcoat in the transportation industry, growing uses of glass fiber reinforced plastics across various end-use industries and rising demand for lightweight vehicles to increase fuel efficiency. However, the shift toward a closed molding process affecting the use of gelcoat is restraining the market growth.

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Gelcoat is a high-quality finish on the visible surface of a fiber-reinforced composite. Gelcoats are modified resins which are applied to molds in the liquid state. Gel coated surface appears to be glossy after curing and offers superior properties such as flexibility, stiffness, strength, chemical resistance, corrosion resistance, weather resistance, and UV resistance, thus enhancing the durability of reinforced plastics substrate.

Amongst resin, Polyester is the most widely used resin for Gelcoat. Polyester resin is easily available and has a low price. It also offers various useful properties such as resistance to water and chemicals and low shrinkage. These properties enable the polyester resin-based gelcoat to be widely used in the marine and construction industries. Polyester resins used in gelcoats offer durability to molds and parts.

By Geography, the Asia Pacific region has a huge demand due to the availability of natural rubber in an adequate amount in the region and expansion of ports in the ASEAN region and China as a result of a rise in trade.

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By Geography, APAC is a key Gelcoat market. The booming transportation and construction industries are responsible for the growth of the gelcoat market in the region. China is one of the prominent consumers of gelcoat in the region. The country has become the single-largest consumer of gelcoat in the wind energy industry and is expected to strengthen its position further.

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Resins Covered:
• Vinyl Ester
• Epoxy
• Polyester
• Other Resins

Types Covered:
• Specialty Gelcoat
• Standard Gelcoat

Applications Covered:
• Spray Gun
• Brush & Roller
• Other Applications

End Users Covered:
• Building and Construction
• Transportation
• Wind Energy
• Marine
• Energy
• Automotive
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Source URL: https://marketersmedia.com/global-gelcoat-market-is-expected-to-reach-254-billion-by-2027-growing-at-a-cagr-of-99-during-2018-to-2027/88936807

Source: MarketersMedia

Release ID: 88936807

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