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 $1.04 billion by 2022 and is forecast to grow at a CAGR of 4.4%
from 2017 to 2022. Growth
in marine, wind and construction industries is driving gelcoat consumption.
Polyester,
vinyl ester, and epoxy gelcoats are mainly used in this market. Lucintel
forecasts that the polyester gelcoat is expected to remain the largest segment
due to low cost and 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, marine is expected to 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.
North America
is expected to remain the largest market by value and volume and is also
expected to witness the highest growth over the forecast period because of
growth in the end use industries industry.
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 Inc., Scott Bader, Allnex, Bufa Composite Systems GmbH
& Co. KG, Polynt-Reichhold Group, and HK Research Corporation 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 2017-2022: 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 2011 – 2022]:
- Wind
- Marine
- Construction
- Transportation
- Tanks
- Others
By Resin Chemistry [Volume (Million Pounds)
and $M shipment analysis for 2011 – 2022]:
- Polyester
- Vinylester
- Epoxy
- Others
By Region [Volume (Million Pounds) and $M
shipment analysis for 2011 – 2022]:
·
North America
−
US
·
Europe
−
Russia
−
France
−
Germany
−
Italy
·
Asia Pacific
−
China
−
India
−
Japan
·
The Rest of the World
−
Brazil
This
139-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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