Gelcoat Market Share and Growth Opportunity: Application, major Companies and more

The gelcoat is highly used in providing protective covering from weather and environmental impact. It helps in providing UV stability and giving aesthetic appearance. Now, gelcoat is used for constructing luxurious yachts and growing water projects. The major advancement in the gelcoat is that it is now have been used for packaging foodstuffs and home décor.

Global Gelcoat Market is projected to register a CAGR of 7.5% in the forecast period of 2019 to 2026.

Gelcoat is a compound utilized in providing outer protective layer and high quality finishing to surfaces of the fiber-reinforced composite. It is formulated by using different resins such as polyester, vinyl ester, epoxy and others. It is highly resistant to water, osmosis, UV, chemical, impact and crack. It gives enhanced mechanical property and reduces surface porosity.

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Key Market Competitors:

Some of the major players operating in this market are AKZO NOBEL N.V., ASHLAND, LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., DE USSEL COATINGS BV, DUGALAK Ltd., Eternal Synthetic Resins (Changshu) Co.Ltd., Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp.,Ltd, Mäder, NANO4LIFE EUROPE L.P., Polynt, Resoltech, Scott Bader Company Ltd.,TURKUAZ POLYESTER.

Product Launch

• In March 2015, Resoltech developed a new product formulated with resins and having various health benefits. It showcased its new waterborne spray-able epoxy filters, by keeping the H&S regulations.
• In February 2015, HK Research Corporation launched a new range of gel coating polymers ReFlex. This helped the company in catering the increasing demand from marine industry and maintaining its product quality and position in the global market.
• In 2015, AEKYUNG CHEMICAL Co., Ltd developed product for corrosion resistant lining called SM FREE VE resin. It is based on isophthalic acid-derived unsaturated polyester resin or vinyl ester resin applicable for FRP. It helped the company in meeting the stringent demand of the growing market trends.

Segmentation: Global Gelcoat Market

• Global gelcoat market is segmented into four notable segments which are type, resin, application method and end-user.
• On the basis of type, the market is segmented into standard gelcoat and specialty gelcoat.
• On the basis of resin, the market is segmented into polyester, vinyl ester, epoxy and others.
• On the basis of application method, the market is segmented into spray, brush & roller.
• On the basis of end-user, the market is segmented into automotive, marine, building and construction, wind energy and others.

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster