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Opportunities For The Global Gelcoat Market To Reach $1.3 Billion By 2024
According to a new market report published by Lucintel, the future of the gelcoat market looks attractive with opportunities in the wind energy, marine, construction, tanks, and transportation industries. The global gelcoat market is expected to reach an estimated $1.3 billion by 2024 with a CAGR of 3.5% from 2019 to 2024. 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, vinyl ester, and epoxy gelcoats are mainly used in composites part fabrication. Lucintel forecasts that the polyester gelcoat will remain the largest segment due to low cost and usage in wide application area. Epoxy gelcoat 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 industry. The wind energy industry is expected to witness the highest growth during the forecast period, supported by the increasing installation of wind turbines.
Asia Pacific ...
... will remain the largest region by value and volume. ROW is also expected to witness the highest growth over the forecast period due to the growth of end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include a shift towards low styrene emission gelcoat and the development of gelcoat having compatibility with different resin system. Ashland, Polynt-Reichhold, Bufa, Scott Bader, and Allnex are among the major suppliers of gelcoat.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gelcoat market by end use industry, resin chemistry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Gelcoat Market 2019-2024: 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 industry, resin chemistry, and region as follows:
By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2013 – 2024]:
By Resin Chemistry [Volume (Million Pounds) and $M shipment analysis for 2013 – 2024]:
By Region [Volume (Million Pounds) and $M shipment analysis for 2013 – 2024]:
• North America
• Asia Pacific
• The Rest of the World
This 140-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 firstname.lastname@example.org. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
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 industry (wind, 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 emerging trends in this market and the reasons behind them?
Q.7 What are some 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?
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