About Gelcoat
Gel coat is a material used to provide a high-quality finish on the surface and protect the structural laminates. They are applied by spraying or brushing to provide a protective surface and aid corrosion. Gelcoat is widely used in boats, automotive, recreational vehicles and industrial gelcoat surfaces. These are mainly produced using polyester resins that have applications in spas, automotive body parts, hull, boats, and others. The rise in the use of glass fiber reinforced plastic across various end industries and an increase in Gelcoat in various applications in the end-use industry is propelling the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The competitive landscape of the gelcoat market is expected to remain fragmented in the coming years. However, the major players are likely to continue to gain market share through innovation, expansion, and acquisitions. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Gelcoat market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ineos Enterprise (United Kingdom), Allnex (Germany), Poliya Composites Resins and Polymers (Turkey), Ashland (United States), BUFA GmbH (Germany), Alpha Owens Corning (AOC) Aliancys (United States), Scott Bader (United Kingdom), HK Research Corporation (United States), Aliancys (Switzerland), Turkuaz Polyester (Turkey), Nuplex Industries (Australia), Polynt-Reichhold Group (United States), Interplastic (United States) and Mader (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aromax Technolog (United Kingdom), Jiangsu Fullmark Chemicals (China), Changzhou Heyu Chemical (China) and Zhenjiang Leader Composite (China).
Segmentation Overview
AMA Research has segmented the market of Global Gelcoat market by Type (Polyster, Vinyl Ester, Epoxy and Other) and Region.
On the basis of geography, the market of Gelcoat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Construction will boost the Gelcoat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The trend for thinner and Lighter Laminates and Replacement of Metal Parts by fiber-reinforced Composite Material
Market Growth Drivers:
Rise in Demand for Gelcoat in the Transportation Industry and Rapid Increase in GelCoat Application in the Emerging Countries
Restraints:
Uncertainty in Ptc Affecting the Wind Energy Industry and Shift Toward Closed Molding Process Affecting the Use of Gelcoat
Opportunities:
Emerging Wind Energy Industry and Potential Growth of the Market in Emerging Countries
Market Leaders and their expansionary development strategies
In October 2023, Reichhold, a global supplier of specialty chemicals and materials, announced a partnership with Sika AG, a leading manufacturer of construction chemicals, to develop and commercialize next-generation gelcoat solutions for the wind energy industry.
In January 2024, PPG Industries, a leading manufacturer of paints, coatings, and specialty materials, launched a new line of high-performance gelcoats specifically designed for the marine industry. These gelcoats offer improved durability, weather resistance, and color retention for boats and other marine applications
Key Target Audience
Gelcoat Manufacturers, Gelcoat Traders, Distributors, and Suppliers, Raw Material Suppliers, Research Organizations and Consulting companies, Industry Associations and Experts, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.