Dublin, Jan. 04, 2019 (GLOBE NEWSWIRE) -- The "Global Gelcoat Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. About this market The gelcoat market will index a CAGR of more than 7% by 2022. Gelcoat is widely used in the marine industry to paint the interior and exterior surfaces which will protect metal components from chemical attack and UV radiation. Gelcoat is highly durable and provides an aesthetic appeal and high-quality finish. Due to its superior properties and high quality and durability, it is widely preferred in the marine industry. The new projects and upcoming recreational activities can significantly drive the demand for gelcoat in the marine industry, which will have a significant impact in our forecasted period. Market Overview Increased product differentiation The varieties of gelcoat differ mainly in the quality of styrene and hybrid mix and polymer base. The difference in the preparation process and the raw materials added can yield gelcoat with different properties such as gel time, curing time, abrasion resistance, and many more. Therefore, the availability of a wide product range can significantly propel the growth of the market. Availability of substitutes Acrylic coatings and aliphatic polyurethane coatings are the main substitutes. Gelcoat can fade and break down after prolonged use. The high availability of substitutes is a major hindering factor for the growth of the global gelcoat market. Competitive Landscape The gelcoat market is concentrated owing to the presence of a considerable number of players. The availability of wide range of gelcoats in the market to suit the requirement of marine industry.
Report Summary: The latest trend gaining momentum in the market is the growing demand for low- styrene emission gelcoat. The increased demand for low styrene emission gelcoats, as it is environmentally safe, can significantly boost the growth of the global gelcoat market during the forecast. According to the report, one of the major drivers for this market is the increased product differentiation. The varieties of gelcoat differ mainly in the quality of styrene and hybrid mix and polymer base. Thus, the availability of a wide product range can significantly propel the growth of the global gelcoat market. Further, the report states that one of the major factors hindering the growth of this market is the increased price of gelcoat. The increasing price of gelcoat further owning to increased raw material and transportation costs. Thus, rising prices of gelcoat are expected to hinder the growth of global gelcoat market during the forecast period.
Key Topics Covered: PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE PART 05: MARKET SIZING
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS PART 07: CUSTOMER LANDSCAPE PART 08: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- Marine
- Transportation
- Wind energy
- Construction
- Others - Market size and forecast 2017-2022
- Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
- Regional comparison
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES PART 12: MARKET TRENDS
- Strategic initiatives undertaken by leading vendors
- Growing demand for low-styrene emission gelcoat
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive Landscape
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ashland
- BASF
- Eastman Chemical Company
- HK Research Corporation
- Huntsman International
- Scott Bader Company
For more information about this report visit https://www.researchandmarkets.com/research/8...lcoat?w=12
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