HOME Top Market Reports Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), by End-Use Industry (Marine, Transportation, Construction, Wind, and Others) & by Region - Trends & Forecast to 2020

Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), by End-Use Industry (Marine, Transportation, Construction, Wind, and Others) & by Region - Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: CH 3754

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The global demand for gelcoat is projected to reach USD 1,233 Million by 2020, registering a CAGR of 7.60% between 2015 and 2020. The growing composite usage in various industries, recovery of marine industry after the economic recession, and increase in demand for gelcoats in the transportation industry are the major factors driving the growth of the gelcoat market. The key resin types covered in the report are polyester, vinyl ester, epoxy, and others. Polyester resin gelcoat is the most commonly and widely used gelcoat, followed by vinyl ester resin gelcoat. Polyester resin gelcoat widely used because it is the least expensive and provides best resistance to UV degradation as compared to other resin types.

On the basis of end-use industries, the market is segmented into marine, wind energy, construction, transportation, and others. The Marine and transportation end-use industries hold a major chunk of the overall gelcoats market, whereas, the wind energy industry is expected to grow at a healthy growth rate in the next five years due to the budding wind energy industry.

This report aims to estimate the global gelcoat market in 2014 and project the expected market size till 2020. This market research study provides a detailed qualitative and quantitative analysis of the global market. The research methodology of the report involved the utilization of various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources – experts from related industries and suppliers were interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

This report also includes profiling of the leading gelcoat manufacturers such as Ashland Inc. (U.S.), BUFA GmbH & Co. KG (Germany), HK Research Corporation (U.S.), Nuplex Industries Ltd. (Australia), Polynt S.p.A (Europe), Reichhold LLC (U.S.), Scott Bader Company Limited (U.K.), and others.

The report analyses the gelcoat market in various end-use industries and covers the market demand from all the key regions. The report also provides a market overview of the resin types used in the market.

  1. Gelcoat Market, By Resin Type
    1. Polyester
    2. Epoxy
    3. Vinyl Ester
    4. Others
  2. Gelcoat Market, By End-Use Industry
    1. Marine
    2. Wind
    3. Construction
    4. Transportation
    5. Others
  3. Gelcoat Market, By Region
    1. Asia-Pacific
    2. Europe
    3. North America
    4. Rest of the World

Available Customization:

  • Further breakdown of a region with respect to a particular country
  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
           2.1.1 Research Data
           2.1.2 Secondary Sources
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Key Data From Primary Sources
                    2.1.3.2 Key Industry Insights
                    2.1.3.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Market Breakdown and Data Triangulation
           2.2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Gelcoat Market
    4.2 Gelcoat Market, By End-Use Industry
    4.3 Gelcoat Market, By Key End-Use Industries
    4.4 Growth Rate (Volume), By Country
    4.5 Gelcoat Market, By End-Use Industry
    4.6 Gelcoat Market, Developing vs. Developed Countries
    4.7 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market Dynamics
           5.2.2 Drivers
                    5.2.2.1 Growing Use of Composites in Various Industries
                    5.2.2.2 Recovery of the Marine Industry in the U.S. After Economic Recession of 2008
                    5.2.2.3 Increase in Demand for Gelcoats in the Transportation Industry
           5.2.3 Restraints
                    5.2.3.1 Uncertainty in Ptc Affecting the Wind Energy Market
                    5.2.3.2 Shift Towards Closed Molding Process Hampering Use of Gelcoats
           5.2.4 Opportunities
                    5.2.4.1 Budding Wind Energy Market
                    5.2.4.2 Growing Demand From Asia-Pacific and RoW
    5.3 Challenges
           5.3.1 Government Regulations

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat 0f New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Degree of Competition

7 Market, By Resin Type (Page No. - 51)
    7.1 Introduction
           7.1.1 Polyester Resin Gelcoat
           7.1.2 Vinyl Ester Resins Gelcoat
           7.1.3 Epoxy Resin Gelcoat
           7.1.4 Other Resin Gelcoats

8 Market, By End-Use Industry (Page No. - 65)
    8.1 Introduction
    8.2 Marine Industry
    8.3 Transportation Industry
    8.4 Construction Industry
    8.5 Wind Energy Industry
           8.5.1 Other End-Use Industry

9 Market, By Region (Page No. - 79)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 Italy
           9.3.3 France
           9.3.4 U.K.
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
    9.5 RoW
           9.5.1 Brazil

10 Competitive Landscape (Page No. - 112)
     10.1 Introduction
     10.2 Competitive Situation & Trends
               10.2.1 New Product & Technology Launches: the Most Prevalent Growth Strategy
               10.2.2 Key Growth Strategies
               10.2.3 Expansions
               10.2.4 New Product & Technology Launches
               10.2.5 Agreements, Joint Ventures, & Partnerships
               10.2.6 Mergers & Acquisitions

11 Company Profiles (Page No. - 120)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Alpha Owens-Corning (AOC) Resins
     11.3 Ashland Inc.
     11.4 Bufa Composite Systems GmbH & Co. Kg.
     11.5 HK Research Corporation
     11.6 Interplastic Corporation
     11.7 Nuplex Industries Ltd.
     11.8 Poliya Composites Resins and Polymers Inc.
     11.9 Polynt Spa (Polynt Composites USA Inc.)
     11.10 Reichhold Llc
     11.11 Scott Bader Company Limited

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 148)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (79 Tables)

Table 1 Gelcoat Market Size, By Value and Volume, 2013–2020
Table 2 Impact of Gelcoat Market Drivers (2015–2020)
Table 3 Impact of the Gelcoat Market Restraints (2015–2020)
Table 4 Impact of Gelcoat Market Opportunities (2015–2020)
Table 5 Gelcoats Resin Types - Advantages & Disadvantages
Table 6 Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 7 Market Size, By Resin Type, 2013–2020 (USD Million)
Table 8 Polyester Resin Gelcoat Market Size, By Region, 2013–2020 (Kiloton)
Table 9 Polyester Resin Gelcoat Market Size, By Region,2013–2020 (USD Million)
Table 10 Vinyl Ester Resin Gelcoat Market Size, By Region, 2013–2020 (Kiloton)
Table 11 Vinyl Ester Resin Gelcoat Market Size, By Region,2013–2020 (USD Million)
Table 12 Epoxy Resin Gelcoat Market Size, By Region, 2013–2020 (Kiloton)
Table 13 Epoxy Resin Gelcoat Market Size, By Region, 2013–2020 (USD Million)
Table 14 Other Resin Gelcoat Market Size, By Region, 2013–2020 (Kiloton)
Table 15 Other Resin Gelcoat Market Size, By Region, 2013–2020 (USD Million)
Table 16 Gelcoat Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 17 Size, By End-Use Industry, 2013–2020 (USD Million)
Table 18 Market Size in Marine Industry, By Region,2013–2020 (Kiloton)
Table 19 Market Size in Marine Industry, By Region,2013–2020 (USD Million)
Table 20 Market Size in Transportation Industry, By Region,2013–2020 (Kiloton)
Table 21 Market Size in Transportation Industry, By Region,2013–2020 (USD Million)
Table 22 Market Size in Construction Industry, By Region,2013–2020 (Kiloton)
Table 23 Market Size in Construction Industry, By Region,2013–2020 (USD Million)
Table 24 Market Size in Wind Energy Industry, By Region,2013–2020 (Kiloton)
Table 25 Market Size in Wind Energy Industry, By Region,2013–2020 (USD Million)
Table 26 Market Size in Others Industry's, By Region,2013–2020 (Kiloton)
Table 27 Market Size in Other Industry, By Region,2013–2020 (USD Million)
Table 28 Market Size, By Region, 2013–2020 (Kiloton)
Table 29 Market Size, By Region, 2013–2020 (USD Million)
Table 30 North America: Gelcoat Market Size, By Country, 2013–2020 (Kiloton)
Table 31 North America: Market Size, By Country,2013–2020 (USD Million)
Table 32 North America: Market Size, By Resin Type, 2013-2020 (Kiloton)
Table 33 North America: Market Size, By Resin Type,2013–2020 (USD Million)
Table 34 North America: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 35 North America: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 36 U.S.: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 37 U.S.: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 38 Canada.: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 39 Canada.: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 40 Mexico: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 41 Mexico: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 42 Europe: Gelcoat Market Size, By Country, 2013–2020 (Kiloton)
Table 43 Europe: Market Size, By Country, 2013–2020 (USD Million)
Table 44 Europe: Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 45 Europe: Market Size, By Resin Type, 2013–2020 (USD Million)
Table 46 Europe: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 47 Europe: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 48 Germany: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 49 Germany: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 50 Italy: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 51 Italy: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 52 France: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 53 France: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 54 U.K.: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 55 U.K.: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 56 Asia-Pacific: Gelcoat Market Size, By Country, 2013–2020 (Kiloton)
Table 57 Asia-Pacific: Market Size, By Country, 2013–2020 (USD Million)
Table 58 Asia-Pacific: Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 59 Asia-Pacific: Market Size, By Resin Type,2013-2020 (USD Million)
Table 60 Asia-Pacific: Market Size, By End-Use Industry,2013–2020 (Kiloton)
Table 61 Asia-Pacific: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 62 China: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 63 China: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 64 India: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 65 India: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 66 Japan: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 67 Japan: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 68 RoW: Gelcoat Market Size, By Country, 2013–2020 (Kiloton)
Table 69 RoW: Market Size, By Country, 2013–2020 (USD Million)
Table 70 RoW: Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 71 RoW: Market Size, By Resin Type, 2013–2020 (USD Million)
Table 72 RoW: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 73 RoW: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 74 Brazil: Gelcoat Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 75 Brazil: Market Size, By End-Use Industry,2013–2020 (USD Million)
Table 76 Expansions
Table 77 New Product & Technology Launhces, 2011-2015
Table 78 Agreements, Joint Ventures, & Partnerships
Table 79 Mergers & Acquisitions
 
 
List of Figures (50 Figures)
 
Figure 1 Gelcoat Market Segmentation
Figure 2 Gelcoat Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions for Research Study
Figure 8 Market Snapshot, By Resin Type: Epoxy Resin to Record the Highest Growth Rate
Figure 9 Market Ranking, By Country, 2014
Figure 10 Market Share (By Volume), 2014
Figure 11 Attractive Market Opportunities in the Gelcoats Market, 2015–2020
Figure 12 Wind Energy is Projected to Be the Fastest-Growing End-Use Industry for Gelcoats, 2015–2020
Figure 13 North America Was the Biggest Market for Gelcoats in Terms of Value (2014)
Figure 14 Brazil Projected to Be the Fastest-Growing Market, Closely Followed By India (2015–2020)
Figure 15 Marine Industry Accounts for the Largest Market Size, By Value,2015-2020
Figure 16 Developing Countries to Grow Faster Than the Developed Ones (2015-2020)
Figure 17 RoW Gelcoat Market is Expected to Witness Rapid Growth, 2015-2020
Figure 18 Increasing Demand From Emerging Markets is Expected to Propel the Growth in the Gelcoats Market
Figure 19 Gelcoats Value Chain
Figure 20 Porter’s Five Forces Analysis of the Gelcoat Market
Figure 21 Gelcoat Market, By Resin Type
Figure 22 Polyester Resin Gelcoat is Projected to Be the Biggest Market (2013–2020), By Volume (Kiloton)
Figure 23 Epoxy Resin Gelcoat is Expected to Be the Fastest-Growing Segment (2015-2020), By Value
Figure 24 North America at the Forefront in the Consumption of Polyester Resin Gelcoats, 2015 and 2020, By Volume (Kiloton)
Figure 25 Vinyl Ester Resin Gelcoat Expeceted to Witness Highest Growth Rate in RoW, 2015 - 2020, By Volume (Kiloton)
Figure 26 RoW is Expected to Register the Highest Growth Rate, Followed By Asia-Pacific, 2015 and 2020, By Volume (Kiloton)
Figure 27 North America Dominates the Demand of Other Resin Gelcoats, 2013-2020, By Volume (Kiloton)
Figure 28 Wind Energy Industry is the Fastest-Growing Segment, Closely Followed By the Transportation Industry
Figure 29 Marine Industry Holds Major Share in the Global Gelcoat Market, 2015 vs. 2020
Figure 30 North America and Europe Dominates Gelcoat Market in Transportation Industry 2015 vs. 2020
Figure 31 Construction Industry in RoW Expected to Witness Highest CAGR in the Global Gelcoat Market, 2015 vs. 2020
Figure 32 Wind Energy Industry is Expected to Register the Highest CAGR in the Global Gelcoat Market (2015-2020)
Figure 33 Gelcoat Market: Other End-Use Industry Snapshot (2015-2020)
Figure 34 Gelcoats Market, By Region
Figure 35 Brazil is Projected to Drive the Gelcoats Market With the Highest CAGR (2015–2020)
Figure 36 Transportation Industry Held the Highest Market Share in All Four Regions in 2014
Figure 37 North America Gelcoat Market Snapshot— the U.S. is the Most Lucrative Market
Figure 38 Germany Dominates the Gelcoat Market in Europe (2015-2020)
Figure 39 China is the Key Market for Gelcoats in Asia-Pacific (2015-2020)
Figure 40 Wind Energy Industry is Expected to Be the Fastest-Growing Industry in RoW (2015-2020)
Figure 41 Companies Adopted New Product and Technology Launches as the Key Growth Strategy (2009-2015)
Figure 42 Yearly Market Developments Matrix: 2012 Witnesssed the Maximum Number of Developments, 2009-2015
Figure 43 New Product & Technology Launches: Most Preferred Development Strategy
Figure 44 Regional Revenue Mix of Top 3 Market Players
Figure 45 Ashland Inc.: Company Snapshot
Figure 46 Ashland Inc.: SWOT Analysis
Figure 47 Nuplex Industries Ltd.: Company Snapshot
Figure 48 Nuplex Industries Ltd.: SWOT Analysis
Figure 49 Polynt Spa: Company Snapshot
Figure 50 Scott Bader Company Limited: Company Snapshot

The global demand for gelcoat is projected to reach USD 1,233 Million by 2020, registering a CAGR of 7.60% between 2015 and 2020.; marine industry is the largest consumer of gelcoats

Gelcoats are specifically developed and produced as an in-mold surface coating which is used to provide aesthetic look to the composites part and protect the parts substrate from the various elements. There are various polymeric resins used to manufacture gelcoats such as polyester, vinyl ester, epoxy, and others (polyurethane, phenolic, acrylic, and so on). Gelcoats are used in different end-use industries such as marine, transportation, construction, wind energy industry, and others.

The global gelcoat market, along with its various resin types and end-user industries, has witnessed considerable growth in recent years and this growth is projected to persist in the coming years. The marine and transportation industries are the largest markets for gelcoats and cumulatively held a share of more than 50% of the overall market in 2014. The wind energy and transportation industries are projected to be the driving force for the growth of the market between 2015 and 2020.

North America dominated the global gelcoat market, followed by Europe. The dominance by North America and Europe is attributed mainly to the growing marine and transportation industries in the two regions. Asia-Pacific is projected to be the second-fastest growing market for gelcoats due to its budding wind energy and transportation industries in the region. The market volume of gelcoats is comparatively low in the RoW region, but is projected to witness the highest growth rate during the forecast period (2015–2020).

On the basis of resins, polyester resin gelcoat holds the biggest chunk of the market as it is widely used in the wind energy, marine, transportation, and construction industries. Vinyl ester resin gelcoat holds a considerable market share, mainly, due the growing marine industry in North America. Epoxy resin gelcoat is expected to witness a healthy growth rate on account of the budding wind energy and transportation industries in Asia-Pacific and RoW.

The global market is highly competitive and is mainly dominated by major established players. The key players in the market are H.K. Research Corporation (U.S.), Scott Bader Company Ltd. (Europe), Reichhold LLC (U.S.), Ashland Inc. (U.S.), Polynt S.p.A (Europe), and others. The major strategies adopted by the key players for enhancing their business revenue are agreements, joint ventures & partnerships, mergers & acquisitions, new product & technology launches, and expansions.

Gelcoat Market

This report covers the market by various regions and major countries in each region. It also provides a detailed segmentation of the gelcoat market on the basis of major resin types, end-use industries, and region.

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