Gelcoat Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Gelcoats are applied on the visible surface of fiber reinforced composites to impart a high quality finish. Gelcoat provides the FRCs surface with good resistance against corrosion, abrasion, UV, chemicals, and water. Moreover, gelcoated surfaces are aesthetically appealing with smooth and vivid surfaces.
MARKET DYNAMICS
The gelcoat market is anticipated to witness growth in the forecast period on account of growing use of composites in various industries. Marine industry is an important user of gelcoats as a result of the usage of fiber reinforced polymers in the making of decks and ship hulls. However, cracking in gelcoat and global shift towards closed molding process hampers the market growth. On the other hand, emerging wind energy industry is likely to showcase an untapped opportunities for the gelcoat markets during the forecast period.
MARKET SCOPE
The "Global Gelcoat Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of gelcoat market with detailed market segmentation by resin type, end user and geography. The global gelcoat market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gelcoat market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global gelcoat market is segmented on the basis of resin type and end user. Based on resin type, the market is segmented as polyester, epoxy, vinyl ester, and others. The market by end user is classified as marine, wind, construction, transportation, energy, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global gelcoat market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The gelcoat market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting gelcoat market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the gelcoat market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global gelcoat market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The gelcoat market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting gelcoat market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the gelcoat market in these regions.
MARKET PLAYERSThe reports cover key developments in the gelcoat market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from gelcoat market are anticipated to lucrative growth opportunities in the future with the rising demand for gelcoat in the global market. Below mentioned is the list of few companies engaged in the gelcoat market.
The report also includes the profiles of key gelcoat companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ALLNEX NETHERLANDS B.V.
- AOC, LLC
- GRM
- HK Research Corporation
- INEOS Capital Limited
- Interplastic Corporation
- Poliya
- Resoltech
- Scott Bader Company Ltd
- TURKUAZ POLYESTER
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gelcoat Market - By Resin Type
1.3.2 Gelcoat Market - By End-User Industry
1.3.3 Gelcoat Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GELCOAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GELCOAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GELCOAT MARKET - GLOBAL MARKET ANALYSIS
6.1. GELCOAT - GLOBAL MARKET OVERVIEW
6.2. GELCOAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GELCOAT MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYESTER
7.3.1. Overview
7.3.2. Polyester Market Forecast and Analysis
7.4. EPOXY
7.4.1. Overview
7.4.2. Epoxy Market Forecast and Analysis
7.5. VINYL ESTER
7.5.1. Overview
7.5.2. Vinyl Ester Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. GELCOAT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. MARINE
8.3.1. Overview
8.3.2. Marine Market Forecast and Analysis
8.4. WIND
8.4.1. Overview
8.4.2. Wind Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. TRANSPORTATION
8.6.1. Overview
8.6.2. Transportation Market Forecast and Analysis
8.7. ENERGY
8.7.1. Overview
8.7.2. Energy Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. GELCOAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Gelcoat Market Overview
9.1.2 North America Gelcoat Market Forecasts and Analysis
9.1.3 North America Gelcoat Market Forecasts and Analysis - By Resin Type
9.1.4 North America Gelcoat Market Forecasts and Analysis - By End-User Industry
9.1.5 North America Gelcoat Market Forecasts and Analysis - By Countries
9.1.5.1 United States Gelcoat Market
9.1.5.1.1 United States Gelcoat Market by Resin Type
9.1.5.1.2 United States Gelcoat Market by End-User Industry
9.1.5.2 Canada Gelcoat Market
9.1.5.2.1 Canada Gelcoat Market by Resin Type
9.1.5.2.2 Canada Gelcoat Market by End-User Industry
9.1.5.3 Mexico Gelcoat Market
9.1.5.3.1 Mexico Gelcoat Market by Resin Type
9.1.5.3.2 Mexico Gelcoat Market by End-User Industry
9.2. EUROPE
9.2.1 Europe Gelcoat Market Overview
9.2.2 Europe Gelcoat Market Forecasts and Analysis
9.2.3 Europe Gelcoat Market Forecasts and Analysis - By Resin Type
9.2.4 Europe Gelcoat Market Forecasts and Analysis - By End-User Industry
9.2.5 Europe Gelcoat Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Gelcoat Market
9.2.5.1.1 Germany Gelcoat Market by Resin Type
9.2.5.1.2 Germany Gelcoat Market by End-User Industry
9.2.5.2 France Gelcoat Market
9.2.5.2.1 France Gelcoat Market by Resin Type
9.2.5.2.2 France Gelcoat Market by End-User Industry
9.2.5.3 Italy Gelcoat Market
9.2.5.3.1 Italy Gelcoat Market by Resin Type
9.2.5.3.2 Italy Gelcoat Market by End-User Industry
9.2.5.4 United Kingdom Gelcoat Market
9.2.5.4.1 United Kingdom Gelcoat Market by Resin Type
9.2.5.4.2 United Kingdom Gelcoat Market by End-User Industry
9.2.5.5 Russia Gelcoat Market
9.2.5.5.1 Russia Gelcoat Market by Resin Type
9.2.5.5.2 Russia Gelcoat Market by End-User Industry
9.2.5.6 Rest of Europe Gelcoat Market
9.2.5.6.1 Rest of Europe Gelcoat Market by Resin Type
9.2.5.6.2 Rest of Europe Gelcoat Market by End-User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Gelcoat Market Overview
9.3.2 Asia-Pacific Gelcoat Market Forecasts and Analysis
9.3.3 Asia-Pacific Gelcoat Market Forecasts and Analysis - By Resin Type
9.3.4 Asia-Pacific Gelcoat Market Forecasts and Analysis - By End-User Industry
9.3.5 Asia-Pacific Gelcoat Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Gelcoat Market
9.3.5.1.1 Australia Gelcoat Market by Resin Type
9.3.5.1.2 Australia Gelcoat Market by End-User Industry
9.3.5.2 China Gelcoat Market
9.3.5.2.1 China Gelcoat Market by Resin Type
9.3.5.2.2 China Gelcoat Market by End-User Industry
9.3.5.3 India Gelcoat Market
9.3.5.3.1 India Gelcoat Market by Resin Type
9.3.5.3.2 India Gelcoat Market by End-User Industry
9.3.5.4 Japan Gelcoat Market
9.3.5.4.1 Japan Gelcoat Market by Resin Type
9.3.5.4.2 Japan Gelcoat Market by End-User Industry
9.3.5.5 South Korea Gelcoat Market
9.3.5.5.1 South Korea Gelcoat Market by Resin Type
9.3.5.5.2 South Korea Gelcoat Market by End-User Industry
9.3.5.6 Rest of Asia-Pacific Gelcoat Market
9.3.5.6.1 Rest of Asia-Pacific Gelcoat Market by Resin Type
9.3.5.6.2 Rest of Asia-Pacific Gelcoat Market by End-User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Gelcoat Market Overview
9.4.2 Middle East and Africa Gelcoat Market Forecasts and Analysis
9.4.3 Middle East and Africa Gelcoat Market Forecasts and Analysis - By Resin Type
9.4.4 Middle East and Africa Gelcoat Market Forecasts and Analysis - By End-User Industry
9.4.5 Middle East and Africa Gelcoat Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Gelcoat Market
9.4.5.1.1 South Africa Gelcoat Market by Resin Type
9.4.5.1.2 South Africa Gelcoat Market by End-User Industry
9.4.5.2 Saudi Arabia Gelcoat Market
9.4.5.2.1 Saudi Arabia Gelcoat Market by Resin Type
9.4.5.2.2 Saudi Arabia Gelcoat Market by End-User Industry
9.4.5.3 U.A.E Gelcoat Market
9.4.5.3.1 U.A.E Gelcoat Market by Resin Type
9.4.5.3.2 U.A.E Gelcoat Market by End-User Industry
9.4.5.4 Rest of Middle East and Africa Gelcoat Market
9.4.5.4.1 Rest of Middle East and Africa Gelcoat Market by Resin Type
9.4.5.4.2 Rest of Middle East and Africa Gelcoat Market by End-User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Gelcoat Market Overview
9.5.2 South and Central America Gelcoat Market Forecasts and Analysis
9.5.3 South and Central America Gelcoat Market Forecasts and Analysis - By Resin Type
9.5.4 South and Central America Gelcoat Market Forecasts and Analysis - By End-User Industry
9.5.5 South and Central America Gelcoat Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Gelcoat Market
9.5.5.1.1 Brazil Gelcoat Market by Resin Type
9.5.5.1.2 Brazil Gelcoat Market by End-User Industry
9.5.5.2 Argentina Gelcoat Market
9.5.5.2.1 Argentina Gelcoat Market by Resin Type
9.5.5.2.2 Argentina Gelcoat Market by End-User Industry
9.5.5.3 Rest of South and Central America Gelcoat Market
9.5.5.3.1 Rest of South and Central America Gelcoat Market by Resin Type
9.5.5.3.2 Rest of South and Central America Gelcoat Market by End-User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GELCOAT MARKET, KEY COMPANY PROFILES
11.1. ALLNEX NETHERLANDS B V
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AOC LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GRM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HK RESEARCH CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INEOS CAPITAL LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INTERPLASTIC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. POLIYA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RESOLTECH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCOTT BADER COMPANY LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TURKUAZ POLYESTER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ALLNEX NETHERLANDS B.V.
2. AOC, LLC
3. GRM
4. HK Research Corporation
5. INEOS Capital Limited
6. Interplastic Corporation
7. Poliya
8. Resoltech
9. Scott Bader Company Ltd
10. TURKUAZ POLYESTER
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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