Gelcoat Market Size, Industry Share Forecast

"To prosper in this competitive market place, businesses are highly benefited if they adopt innovative solutions such as Gelcoat Market research report. The data and information concerning the Gelcoat Market industry are derived from consistent sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Moreover, Gelcoat Market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and also provides all the CAGR projections for the historic year 2021, base year 2022 and forecast period of 2023-2030.

With the help of market intelligence, industry experts assess strategic options, outline successful action plans and aid companies make critical bottom-line decisions. The finest Gelcoat Market business report makes knowledgeable about the market and competitive landscape which supports with enhanced decision making, better manage marketing of goods and decide market goals for better profitability. When this report goes along with right tools and technology, it helps tackle the uncertain challenges for the business. What is more, Gelcoat Market research report is a source which provides current as well as upcoming technical and financial details of the industry to 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.

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Gelcoat Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2023 to 2030
Base Year	2022
Historic Years	2021 (Customizable to (2015 - 2020)
Quantitative Units	Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered	Product Type (Standard Gelcoat and Specialty Gelcoat), Resin (Polyester, Vinyl Ester, Epoxy, and Others), Application Method (Spray, Brush, and Roller), End User (Construction and architecture, Healthcare and medical, Hospitality, Retail, Automotive and transportation, Food and Beverages, Electrical and Electronics, Sanitary Ware)
Countries Covered	U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered	Akzo Nobel N.V. (Netherlands), Ashland Inc. (U.S.), LyondellBasell Industries Holdings B.V (Netherlands), 3M (U.S.), Sika AG (Switzerland), Bang & Bonsomer (Finland), Sino Polymer Co. Ltd. (China), Eastman Chemical Company (U.S.), Hexion (U.S.), Huntsman International LLC (U.S.), BASF SE(Germany), Aditya Birla Group Chemicals (India), Ashland (U.S.), Reichhold LLC (U.S.) Scott Bader Company Limited (U.K.), Atul Ltd (India), New Japan Chemical Co. Ltd. (Japan), Kukdo Chemicals Co. Ltd. (South Korea), Anhui Xinyuan Chemical Co. Ltd.(China), SIR Industriale (Italy), LANXESS (U.S.)
Market Opportunities	Rising demand for gelcoat in wind energy and aerospace industriesIncreasing inclination of foreign investors in the natural resources industrysurging number of building and construction activities

Market Definition

Gelcoat is a material that offers a high-quality finish on the surface of a fiber-reinforced composite. The most common gel coats are thermosetting polymers based on unsaturated polyester or epoxy resin. Gelcoats are advanced resins that are applied to molds in the liquid state. Gelcoat provides unique characteristics and properties such as resistance against water absorption, corrosion, U.V. degradation, blister, and crack. Gelcoat can be applied in spray and brush form so that proper thickness can be laminated on the composite material to avoid damage.

Global Gelcoat Market Dynamics

Drivers

Growing demand for gelcoat in the automotive and transportation sector

Rising demand for gelcoat from the transportation and automotive industry will likely drive the market's growth rate. The automotive and transportation sector cove the major share in the gelcoat market. To comply with government guidelines and increase vehicle fuel efficiency, automakers are focusing on manufacturing lightweight vehicles with composites to reduce carbon dioxide (co2) emissions, which adversely impact the global climate. Gelcoats are used to enhance and maintain the aesthetic appeal of these composite components.

High usage of polyester gelcoat

Polyester gelcoats have widespread usage across several sectors due to the higher demand in transportation and marine industries. Polyester resin gelcoats have widespread usage in the marine industry because of their unique features and properties, such as water absorption, U.V. degradation and corrosion resistance. Thus, increasing demand for polyester gelcoats eventually drives the market's growth rate.

The rise in demand for gelcoat in the construction industry

The construction industry is anticipated to grow significantly during the forecast period of 2023-2030. In shelter works use gelcoat to manufacture buildings and deliver protective barriers that add visual appeal, increase the building's life and provide less maintenance and long-lasting durability. The surging demand for gelcoats in the construction industry will likely boost market growth.

Opportunities

Rising demand for gelcoat in wind energy and aerospace industries

Numerous aerospace and wind energy retailers are progressively demanding gelcoats for better resistance to U.V. rays and fire. These are the major factors that determine the quality and life of the product. As a result of this, manufacturers are investing significantly in the development of the gelcoats market. Gelcoat efficiently decreases the chances of damage to the coated component to prevent U.V. radiation and accidental fires and offers better durability to the product. With the remarkable growth of these end-use sectors globally, the market for gelcoats is expected to perform exceptionally well in the upcoming period.

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Reasons to Consider This Report

To understand the Global Gelcoat Market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Gelcoat Market
Efficiently plan M&A and partnership deals in Gelcoat Market by identifying market segments with the most promising probable sales
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Obtain market revenue forecast for Gelcoat Market by various segments from 2022-2029 in regions.

Why choose Data Bridge Market Research?

Modern technologies, such as artificial intelligence, to provide updated industry growth.
DBMR team provides clients with the top notch Gelcoat Market research report.
Interaction with research scientists and development heads to understand the nature of the Gelcoat Market more precisely.
24/7 availability of services.
Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.

DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Gelcoat Market size

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