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Gelcoat Market Robust Pace of Industry During 2027
Gelcoat Market Robust Pace of Industry During 2027
Stratview Research has launched a new report on the Gelcoat Market, which is segmented by Product Type, by Application Type, by Material Type, and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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The Gelcoat Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Gelcoat is the increasing demand for Gelcoat in various industries.

This report on the Gelcoat Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Gelcoat Market. The report intends to present a thorough analysis of the Gelcoat Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.

Gelcoat Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.

Few key players operating in the Gelcoat Market are-

Ineos Enterprise

Bufa Composite Systems GmbH

HK Research Corporation

Allnex

Scott Bader Company

Poliya Composites Resins and Polymers

Interplastic Corporation

Alpha Owens Corning (AOC) Aliancys

Polynt-Reichhold Group

Turkuaz Polyester.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Gelcoat Market value and growth drivers over the trend period of 2022-27. According to the report -

Gelcoat market is likely to witness a healthy CAGR of 3.4% during the forecast period. The major factor contributing to the demand for gelcoats is the growing use of composite materials in different industries and exceptional properties of gelcoat, such as UV protection, better surface appearance, etc.

Segment Analysis:

Based on Resin Type:

Based on the resin type, the market is segmented as polyester, vinyl ester, epoxy, and others. The polyester segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. The key driver for the dominance of this segment is due to its properties such as resistance to water and chemicals and low shrinkage.

Based on Region:

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for gelcoats during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the booming transportation and construction industries, also this region has presence of major gelcoat manufacturers such as Satyen Polymers and Vikram Resins and Polymers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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