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Gelcoat Market Worth $1.7 Billion by 2024 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

13 Feb, 2019, 11:30 GMT

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CHICAGO, Feb. 13, 2019 /PRNewswire/ -- According to the new research report "Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy), End Use Industry (Marine, Transportation, Construction, Wind Energy), Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America)-Global Forecast to 2024", published by MarketsandMarkets™, The Gelcoat Market is expected to grow from USD 1.2 billion in 2019 to USD 1.7 billion by 2024, at a CAGR of 8.0% during the forecast period. The Gelcoat Market is witnessing a significant growth because of the growing demand from various industries such as marine, transportation, and wind energy. Gelcoat provides various properties such as high gloss, UV resistance, hydrolysis or osmosis, and resistance to corrosion, water, abrasion, and chemicals to the composite molds or parts.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164224381

Browse in-depth TOC on "Gelcoat Market"

92 – Tables

43 – Figures

130 – Pages

View detailed Table of Content here:

https://www.marketsandmarkets.com/Market-Reports/gelcoat-market-164224381.html

The marine end use segment accounted for the largest share of the Gelcoat Market in 2019.   

Marine is an important end-use industry of glass fiber reinforced plastics as entire decks and complete ship hulls for powerboats or sailing/motor yachts are entirely made up of high-quality glass fiber reinforced plastics. The use of FRP in this industry results in the usage of gelcoat that provides excellent aesthetic appearance, good corrosion resistance, and smooth and vivid surface. Companies have also realized the immense potential of gelcoat that is used in the marine industry. For instance, in November 2018, Ashland Inc. launched a new gelcoat named Maxgaurd EZM for usage in marine applications. The gelcoat offers easy application in molds and good weathering performance. It possesses high resistance to UV rays and good blister resistance.

Polyester is the largest resin used for gelcoat manufacturing in 2019.

Polyester resin is widely used for gelcoat. In terms of value and volume, the polyester resin-based Gelcoat Market accounted for a major share of the overall market in 2019. Polyester resins are less expensive and possess properties such as good corrosion resistance, fast curing, durability, tolerance to temperature, and low thermal expansion. Polyester resin used in gelcoats offers durability for molds and parts.

APAC is expected to be the largest market for gelcoat during the forecast period.

APAC is the largest Gelcoat Market, in terms of both value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. The booming wind energy industry and the transportation industry are bolstering the market for gelcoat in the region.

The major players in the Gelcoat Market include Ineos Enterprise (UK), Bufa Composite Systems GmbH (Germany), HK Research Corporation (US), Allnex (Germany), Scott Bader Company (UK), Poliya Composites Resins and Polymers (Turkey), Interplastic Corporation (US), Alpha Owens Corning (AOC) Aliancys (US), Polynt-Reichhold Group (US), and Turkuaz Polyester (Turkey).

Get 10% Free Customization on this Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=164224381

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting  

Related Reports:

Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Pultrusion), Application (Transportation, Aerospace & Defense, Wind Energy), Region - Global Forecast to 2022

Composite Resin Market by Resin Type (Thermoset and Thermoplastic), by Manufacturing Process (Layup, Injection Molding, Filament Winding, Pultrusion, Compression Molding, RTM, and Others), by Application & by Region - Global Forecasts to 2020

Epoxy Coatings Market by Technology (Solvent borne, Waterborne, and Powder-Based) and Application (Construction, Transportation, General Industrial, and Others) - Forecast to 2021

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/gelcoat-market.asp 
Visit Our Website: https://www.marketsandmarkets.com

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