Key players of the global high Gelcoat market


Posted November 4, 2019 by MoinPatni

The Global Gelcoat Market was valued at USD 1.1 billion in 2018 and is expected to grow at a CAGR of 7.6% during the forecast period 2025

 
Gelcoat Market Overview:
The Global Gelcoat Market was valued at USD 1.1 billion in 2018 and is expected to grow at a CAGR of 7.6% during the forecast period 2025.
The acquisition is one of the most widely employed growth strategies by the players in the gel coat market in 2018 to capture larger market share. For instance, on 15 November 2018, INEOS announced its plan to acquire the entire composite business of Ashland Global Holdings Inc. for USD 1.1 billion. The deal includes 20 manufacturing sites of Ashland Global Holdings Inc. in regions viz. Europe, North America, South America, Asia, and the Middle East, which employs 1300 people. The acquisition deal is expected to complete in the first half of 2019 due to regulatory approval and consultation processes.
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Gelcoat Market Key Players:
Key players of the global high Gelcoat market are HK Research Corporation (U.S.), Ashland Inc. (U.S.), Bufa Composite Systems GmbH & Co. KG. (Germany), Interplastic Corporation (U.S.), Scott Bader Company Limited (U.K.), Polynt S.p.A (Europe), Reichhold LLC (U.S.), Synergys Technologies (France), Fibre Glass Development Corporation (U.S), Bang & Bonsomer Group Ab (Europe) and Others.
Gelcoat Intended Audience:
Gelcoat manufacturers
Traders and distributors of Gelcoat
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
Gelcoat Market Regional Analysis:
Geographically, North America dominates the market segment followed by Europe and Asia Pacific. U.S market is largest consumer of gelcoat over the forecasted period. Growing production of speed boats in U.S especially for racing purpose across the globe has increased the need of gelcoat. After recovery from recession companies are focusing more on profits by reducing material composites of high prices. These has boosted the gelcoat market growth in U.S. North America and Europe holds largest market share in polyester and vinyl ester resins gelcoats owing to major player in marine and transportation industries. Asia-Pacific region represents moderate market share in the global gelcoat market. Rise in population drive construction and transportation industry which further drives the gelcoat market in emerging economies.
Gelcoat Market Segmentation:
Gelcoat Market is segmented into construction, wind, marine, transportation, others. Marine dominates the market share in gelcoat market. Gelcoats are highly used in marine applications such as decks, ship hulls, motor yachts and power boats. Growing usage of power boats especially for racing purpose and production of leisure boats has driven the market demand. More companies are looking out for fuel efficient vehicles with light weight composites. Thus, increasing the demand for light weight composites in transportation and leisure vehicles are driving the market demand of gelcoats in coming years. Emerging economies like China and India are focusing more on gelcoats owing to growing population leading to rise in gelcoats in transportation and construction industry.
Gelcoat is segmented as epoxy, polyester, vinyl ester, others. Polyester resins drive the global gelcoat market. Owing to high UV degradation of polyester compared to vinyl ester and epoxy resins, polyester resin is highly preferable in marine and transportation industry. Vinyl ester resins hold good market share owing to growing marine industry in North America. The demand for gelcoats which are durable, water retention and blister resistance has driven the market growth in wind and transportation industry. Further with growing polyester prices across the globe can restrain the market demand over the forecasted period.
Gelcoat Market Table Of Contents to be Continue…….,
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Issued By Mpatni
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Business Address Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Country India
Categories Business , Industry
Tags gelcoat market
Last Updated November 4, 2019