Gelcoat Market trends, share, opportunities and forecast by 2030

Data Bridge Market Research analyses that the gelcoat market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, USD 1,403.80 million in 2022, would rocket up to USD 2,756.37 million by 2030.

By employing specific steps to collect, record, and analyse market data, a steadfast Gelcoat market research report has been prepared. The report gives explanation about a methodical investigation of existing scenario of the global market, which takes into account several market dynamics. By using this market report, the general market conditions, existing trends and tendencies in the Chemical and Materials industry can be unearthed. Further, for an unequivocal and better understanding of facts and figures, the data is symbolized in the form of graphs, tables, and charts. Global Gelcoat market report also evaluates the growth rate and the market value based on market dynamics and growth inducing factors.

A trustworthy Gelcoat report consists of basic, secondary and advanced information associated with the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2023 - 2030. Market analysis data covered in this industry report lend a hand to businesses for mapping strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. Further, Gelcoat marketing report presents the market info for actionable, most recent and real-time market insights which makes it easier to take critical business decisions.

Data Bridge Market Research analyses that the gelcoat market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, USD 1,403.80 million in 2022, would rocket up to USD 2,756.37 million by 2030.

Market Overview:

Gelcoat is a material that imparts a high-quality finish to the surface of fiber-reinforced composites. Commonly based on unsaturated polyester or epoxy resin, gelcoats are advanced resins applied in liquid form to molds. They offer unique characteristics such as resistance to water absorption, corrosion, U.V. degradation, blistering, and cracking. Gelcoat application methods include spraying and brushing, allowing for proper thickness on composite materials to prevent damage.

Major Players in the Gelcoat Market:

  1. Akzo Nobel N.V. (Netherlands)
  2. Ashland Inc. (U.S.)
  3. LyondellBasell Industries Holdings B.V (Netherlands)
  4. 3M (U.S.)
  5. Sika AG (Switzerland)
  6. Bang & Bonsomer (Finland)
  7. Sino Polymer Co. Ltd. (China)
  8. Eastman Chemical Company (U.S.)
  9. Hexion (U.S.)

Huntsman International LLC (U.S.)

  1. BASF SE (Germany)
  2. Aditya Birla Group Chemicals (India)
  3. Reichhold LLC (U.S.)
  4. Scott Bader Company Limited (U.K.)
  5. Atul Ltd (India)
  6. New Japan Chemical Co. Ltd. (Japan)
  7. Kukdo Chemicals Co. Ltd. (South Korea)
  8. Anhui Xinyuan Chemical Co. Ltd. (China)
  9. SIR Industriale (Italy)
  10. LANXESS (U.S.)

Gelcoat Market Regional Analysis/Insights:

The gelcoat market is analyzed by country, product type, resin, application method, and end-user.

Countries covered include the U.S., Canada, and Mexico in North America; Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe; China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC); Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa (MEA) in the Middle East and Africa (MEA); and Brazil, Argentina, and Rest of South America in South America.

North America dominates the gelcoat market in terms of market share revenue, driven by growing marine applications, particularly in Canada and the U.S. Additionally, the increasing demand for anti-corrosion, water protection, and anti-weather coatings in the wind energy sector is expected to fuel market growth.

Asia-Pacific is anticipated to be the fastest-growing region during the forecast period (2023-2030) due to high economic growth in developing countries and the expansion of various end-user verticals. Factors such as increasing building and construction activities, abundant availability of raw materials, and a rising number of major market players are expected to enhance market growth.

The country-specific section of the report outlines individual market influencers and changes in market regulation affecting current and future trends. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are used to forecast the market scenario for individual countries. The report also considers the presence and availability of global brands, challenges faced due to competition from local and domestic brands, and the impact of domestic tariffs and trade routes in the forecast analysis.

Competitive Landscape and Gelcoat Market Share Analysis:

The gelcoat market's competitive landscape details competitors, providing information on company overview, financials, revenue, market potential, research and development investments, new market initiatives, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launches, product range, and application dominance. The data points are specific to companies focusing on the gelcoat market.

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Gelcoat Market Landscape

Part 04: Global Gelcoat Market Sizing

Part 05: Global Gelcoat Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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