Growth Opportunities in the Global Gelcoat Market

According to a new market report published by Lucintel, the future of the global gelcoat market looks promising with opportunities in wind energy, marine, construction, transportation, and tank end uses. The global gelcoat market is expected to reach an estimated $1.5 billion by 2027 with a CAGR of 5.2% from 2021 to 2027.
The major drivers for this market are growing use of composite materials in different industries and performance benefits of gelcoat, such as UV protection, better surface appearance, etc.
In this market, polyester, vinylester, and epoxy are the major resin chemistry of gelcoat. Lucintel forecasts that polyester will remain the largest segment due to low cost and usage in wide application area. Epoxy is expected to witness the highest growth in the forecast period supported by the growth of wind energy industry.
Within the gelcoat market, construction will remain the largest end use segment. The wind energy end use is expected to witness the highest growth during the forecast period, supported by the increasing installation of wind turbines.
Asia Pacific is expected to remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing growth in construction end use for the economic expansion in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, includes shift towards low styrene emission gelcoat and development of gelcoat having compatibility with different resin system. Ashland, Scott Bader, Allnex, Bufa Composites, Polynt-Reichhold, and HK Research companies are among the major suppliers of gelcoats.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gelcoat market by end use, resin chemistry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Gelcoat Market 2022-2027: 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, resin chemistry, and region as follows:
This 141-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 click on this link https://www.lucintel.com/gelcoat-market.aspx or write us at helpdesk@lucintel.com.
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 (wind energy, 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 the emerging trends in this market and the reasons behind them?
Q.7 What are the 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?