According to a new market report published by
Lucintel, the future of the gelcoat market looks attractive with opportunities
in the wind energy, marine, construction, tanks, and transportation industries.
The global gelcoat market is expected to reach an estimated $1.3 billion by 2024
with a CAGR of 3.5% from 2019 to 2024. The
major drivers for this market are growing use of composite materials in
different industries and performance benefits of gelcoat, such as UV protection,
better surface appearance, etc.
In this market polyester, vinyl ester, and
epoxy gelcoats are mainly used in composites part fabrication. Lucintel
forecasts that the polyester gelcoat will remain the largest segment due to low
cost and usage in wide application area. Epoxy gelcoat is expected to witness
the highest growth in the forecast period supported by the growth of wind
energy industry.
Within the gelcoat market, construction will remain
the largest end use industry. The wind energy industry is expected to witness
the highest growth during the forecast period, supported by the increasing installation
of wind turbines.
Asia Pacific will remain the largest region by
value and volume. ROW is also expected to witness the highest growth over the
forecast period due to the growth of end use industries.
Emerging
trends, which have a direct impact on the dynamics of the industry, include a shift
towards low styrene emission gelcoat and the development of gelcoat having
compatibility with different resin system. Ashland, Polynt-Reichhold, Bufa, Scott
Bader, and Allnex are among the major suppliers of gelcoat.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global gelcoat market by end use industry, resin chemistry,
and region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Gelcoat Market 2019-2024: Trends, Forecast, and Opportunity
Analysis.” The Lucintel report serves as a catalyst for growth
strategy as it provides a comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global gelcoat
market by end use industry, resin chemistry, and region as follows:
By End Use Industry [Volume (Million Pounds)
and $M shipment analysis for 2013 – 2024]:
- Wind
- Marine
- Construction
- Transportation
- Tanks
- Others
By Resin Chemistry [Volume (Million Pounds) and $M shipment analysis
for 2013 – 2024]:
- Polyester
- Vinylester
- Epoxy
- Others
By Region
[Volume (Million Pounds) and $M shipment analysis for 2013 – 2024]:
·
North
America
−
US
·
Europe
−
Russia
−
France
−
Germany
−
Italy
·
Asia
Pacific
−
China
−
India
−
Japan
·
The
Rest of the World
−
Brazil
This 140-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About Lucintel
Lucintel, the premier
global management consulting and market research firm, creates winning
strategies for growth. It offers market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1
What are some of the most promising potential, high-growth opportunities for
the global gelcoat market by end use industry (wind, marine, construction,
transportation, tank, and others), resin chemistry (polyester, vinylester,
epoxy and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q. 2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are emerging trends in this market and the reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via material or product
substitution?
Q.11
What M & A activities have taken place in the last 5 years in this market?
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