Gelcoat Market to Undertake Strapping Growth During 2026


Gelcoat is a substance used to provide a superior finishing on a surface of a fiber-reinforced composite used to protect structural laminates. Isophthalic acid-based resins are used to manufacture gelcoats. The common gelcoat are thermosetting polymers based on epoxy or unsaturated polyester resin. Gelcoats are modified resins which are applied to molds in a liquid state. These coats offer various properties such as corrosion resistance, UV degradation and water absorption. The selection of isophthalic acid-based resins increases water retention and blister resistance by gelcoats.

Read Report Overview @

Increase in demand for composites to reduce weight and enhancing fuel efficiency of the transportation systems such as railways, autos, and leisure vehicles plays propels the requirement for gelcoats in the transportation industry. These coats are available in brush and spray forms of suitable thickness so that laminate is not susceptible to any cracking damage with various uses in marine, wind, construction, and transportation industries. Most gelcoats are used in the marine industry.

GELCOAT MARKET: SEGMENTATION

The global gelcoat market can be segmented based on resin, end-user industry, and region. In terms of resin, the global gelcoat market can be classified into polyester, vinyl ester, epoxy, and others. Polyester gelcoats are widely used due to the increase in demand for polyester resin in transportation and marine industries. Polyester and vinyl ester resin gelcoats are used in the marine industry due to their unique properties such as corrosion resistance, UV degradation, and water absorption.

Based on end-use industry, the gelcoat market can be classified into marine, transportation, construction, wind, and others. According to National Marine Manufacturers Association, approximately 95% of powerboats sold in the U.S. are manufactured in the U.S. itself. Gelcoats are widely used in marine applications such as decks, ship hulls and motor yachts & power boats which are made of high quality fiber reinforced plastics, which are gelcoated.

GELCOAT MARKET: REGIONAL OUTLOOK

Based on region, the global gelcoat market can be segregated into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. North America is estimated to continue to dominate the global gelcoat market during the forecast period. Rise in marine boat safety in countries such as the U.S. and Canada is a major factor driving the demand for global gelcoat market. The U.S. is a major consumer of gelcoat globally. Rise in demand for gelcoat in the U.S. can be attributed to the recovery of the marine industry after an economic recession.

The market in Asia Pacific is anticipated to expand at a moderate pace due to the growth in building & construction industry. However, the amount of gelcoat used in building & construction industry is lesser compare that that in the marine industry.

GELCOAT MARKET: KEY PLAYERS

The global gelcoat market is fragmented and a large number of companies operate on global and regional levels. Major companies operating in the market include Synergys Technologies, Bang and Bonsomer, Ashland, Alpha Owens-Corning (AOC) Resins, HK Research, Nuplex Industries Ltd., Reichhold LLC, CCP Composites, Fibre Glass Development Corporation, Axson Technologies, and Scott Bader.Ashland Inc., BUFA GmbH & Co. KG, HK Research Corporation, Nuplex Industries Ltd., Polynt S.p.A, Reichhold LLC, and Scott Bader Company Limited.

Request to view Sample Report:

In the 2017, Bang and Bonsomer launched a new gelcoat manufacturing unit at Kokkola site in Finland. This unit manufactures the highly valued Polycor gelcoats. This investment is expected to help the company establish its footprints in Finland and diversify its business.


Comments

Post a Comment

Popular posts from this blog

Wood Adhesives and Binders Market to Perceive Substantial Growth During 2020 The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the global wood adhesive and binders market is estimated to reach a valuation of US$ 17.7 bn by the end of the forecast period in 2020. The CAGR is projected to expand at 4.4% between 2014 to 2020. The furniture and subcomponents segment under the application category is estimated to lead the market by attaining 5% CAGR during the forecast period. As per geography, North America leads the global market. The region is witness larger consumption of wood adhesive and binders market in the recent past. Increasing Demand in Construction Industry Could Boost the Market Wood adhesive and binders have a significant role in making cabinets, windows, doors, flooring, plywood, and various other structural panels. The use of wood adhesive and binders is widely seen in furniture and construction areas. As the construction market is estimated to increase at a CAGR of 4.7% during 2016 to 2020, which will significantly boost the demand for wood adhesive and binders during the same period. Rising population in emerging nations, require residential facilities thus propelling the construction and infrastructure market, which will further boost the demand for wood adhesive and binders market. Asia Pacific being the major region where building and construction industry have significantly growing 2015 to 2020. Environmental Concerns May Restrain the Wood Adhesive and Binders Market to Grow at its Full Potential Petroleum based feedstock like vinyl, styrene butadiene, urea, acetate, phenols, acrylates, and polyurethanes helps in manufacturing wood adhesive and binders. As these petroleum feedstock’s are highly dependent on crude oil, even a minute fluctuation in the crude oil prices affects the raw material required to manufacture wood adhesive and binders. Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3045 Additionally, with the emission of volatile organic compounds (VOC) while manufacturing wood adhesive and binders highly affects the environment and create various health risks. The increasing environmental concerns may restrict the market from attaining its full potential. Thus to mitigate these harmful effects number of governments are bring regulation to restrict the amount of gasses releases while manufacturing adhesives and binders which will help the market to grow in coming years. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the glob...
Keep reading

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Water Pump Market - Global Industry Analysis , Share 2023 | TMR

Albany, New York, May 29, 2017: Transparency Market Research (TMR) announces a new report on the global water pump market. The report, titled ‘Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023,’ profiles the historical development of the market to derive useful patterns regarding the way the market has developed in the recent past. Based on a solid database of past and present data, reliable projections regarding the future growth trajectory of the global water pump market have been provided in the report. The report provides readers with a comprehensive picture of the global water pump market, making it a must-have accessory for interested parties in the market. Browse Market Research Report @ http://www.transparencymarketresearch.com/water-pump-market.html Water pumps have been a necessity in human development and have played a key role in the development of human civilization itself. In recent years, the global w...
Keep reading