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    Gelcoat Market | Covid-19 Impact Analysis

    Gelcoat Market | Covid-19 Impact Analysis

    Gelcoat Market | Covid-19 Impact Analysis
    Report code - SRAM457 Delivery - 2 Weeks
    Gelcoat Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025
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    Impact of COVID-19 on Gelcoat Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Gelcoat Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Gelcoat Market Insights

    Gelcoat market is likely to witness a healthy CAGR of 3.4% during the forecast period. The major factor contributing to the demand for gelcoats is the growing use of composite materials in different industries and exceptional properties of gelcoat, such as UV protection, better surface appearance, etc.

    Gelcoat Market - Snapshot

    Growth

    3.4% for the next five years

    Major Resin Type

    Polyester Resin

    Dominant Application Type

    Marine

    Region with the highest demand

    Asia-Pacific

    Key Players

    Ineos Enterprise, Bufa Composite Systems GmbH, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymers, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys, Polynt-Reichhold Group, Turkuaz Polyester

     

    Market Share Analysis

    Gelcoat-Market-Dominant-Segments

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    Gelcoat Market Share: By Resin Type

    Based on the resin type, the market is segmented as polyester, vinyl ester, epoxy, and others. The polyester segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The key driver for the dominance of this segment is due to its properties such as resistance to water and chemicals and low shrinkage.

    Gelcoat Market Share: By End-Use Industry Type

    Based on the end-use industry type, the gelcoat market is segmented as marine, transportation, construction, wind energy, and others. The marine segment dominates the market as use of fiber-reinforced plastics increases the usage of gelcoat in the marine industry as it improves the aesthetic quality of fiberglass products and provides corrosion resistance to structural layered materials and their applications in the marine industry, such as yachts, boat hulls, boat decks, and hatches, which are propelling the growth of the segment during the forecast period.

    Gelcoat Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for gelcoats during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the booming transportation and construction industries, also this region has presence of major gelcoat manufacturers such as Satyen Polymers and Vikram Resins and Polymers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Gelcoat-Market-By-Region

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    Some of the major gelcoat manufacturers are-

    • Ineos Enterprise
    • Bufa Composite Systems GmbH
    • HK Research Corporation
    • Allnex
    • Scott Bader Company
    • Poliya Composites Resins and Polymers
    • Interplastic Corporation
    • Alpha Owens Corning (AOC) Aliancys
    • Polynt-Reichhold Group
    • Turkuaz Polyester.

     

    Market Scope & Segmentation

    Gelcoat is one of the major ingredients for providing finishing touch on the fibre-reinforced composite. It is cured to form crosslinked polymers and is backed with thermoset polymer matrix composites.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Gelcoat Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The gelcoat market is segmented into the following categories:

    Gelcoat Market Size, Share, & Forecast, by Resin Type:

    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vinyl Ester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Gelcoat Market Size, Share, & Forecast, by End-Use Industry Type:

    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Gelcoat Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Gelcoat-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by end use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Gelcoat Market in the foreseeable future?

    The gelcoat market is expected to witness an impressive growth of 3.4% CAGR in the foreseeable future.

    Who are the key players in the Gelcoat Market?

    Ineos Enterprise, Bufa Composite Systems GmbH, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymers, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys, Polynt-Reichhold Group, and Turkuaz Polyester are among the key players in the gelcoat market.

    Which country/region is expected to be the largest Gelcoat Market?

    Asia-Pacific is expected to be the largest gelcoat market during the next five years.

    Which resin type is expected to remain dominant in the Gelcoat Market?

    The polyester segment is expected to remain dominant resin type in the gelcoat market in the coming years.

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