Gelcoat Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

Portland, OR -- (SBWire) -- 06/29/2017 --Gelcoat delivers high-quality finish on surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are recently used to manufacture gelcoats. It is available in brush and spray versions of appropriate thickness so that laminate is not susceptible to any cracking damage with diverse applications in marine, wind, construction, and transportation industries. Now-a-days many Marine craft and aircraft are designed using composite materials having an outer covering of Gelcoat. It provides protection to ultraviolet degradation, hydrolysis, and blister resistance.

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The global gelcoat market is enhanced by the rise in demand from the emerging economies and rapid increase in applications. North America and Europe account for vinyl resin and polyester type gelcoats. Asia-Pacific holds a major share in improved gloss and color retention in gelcoats. The choice of isophthalic acid-based resins results in increased water retention and blister resistance by gelcoats. The demand for durable and reduced styrene emission gelcoats globally is expected to hasten this market. With the developments in marine and wind industries in the growing economies, the gelcoat market is expected to grow at a brisk pace. Expensive cost of polyester resins is the factor restricting the market growth.

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GELCOAT MARKET KEY SEGMENTS:

By Resin Type
-Polyester
-Epoxy
-Vinyl Ester
-Others.

By End-User Industry

-Marine
-Wind
-Construction
-Transportation
-Energy
-Others (Sanitary, Aerospace, Food Additive Requirement, and FRP Tools)

By Geography

North America
- U.S.
- Canada
- Others

Europe
- UK
- Germany
- France
- Spain
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Korea
-Rest of Asia-Pacific

LAMEA
- Middle- East
- Brazil
- Rest of LAMEA