Global Gelcoat Market to be dominated by utilization of gelcoat in construction industry through 2028.
Initiatives taken by the
government to support the production of gelcoat are the major drivers for the Global
Gelcoat Market.
According to TechSci Research
report, “Gelcoat Market –Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, the Global
Gelcoat Market is anticipated to register a high CAGR during the forecast
period. This can be ascribed to collaborations and partnerships among leading
companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Gelcoat is traditionally
associated with marine applications, has discovered a promising new avenue in
the field of construction. In the construction industry, gelcoat serves a dual
purpose by providing both protection and aesthetic appeal. As a protective
layer, gelcoat shields building surfaces from harsh weather conditions, UV
radiation, and chemical exposure. Its high versatility makes gelcoat suitable
for a wide range of construction applications, including concrete,
fiber-reinforced plastics (FRP), and precast elements. This adaptability opens
up opportunities for incorporating gelcoat in various architectural designs and
construction projects. The resilience of gelcoat contributes to the durability
and longevity of construction materials. By applying gelcoat, builders can
extend the lifespan of structures, thereby reducing maintenance and repair
costs over time. This is particularly valuable for infrastructure exposed to
harsh environmental conditions. Corrosion poses a significant concern in the
construction industry, especially for structures exposed to moisture,
chemicals, and pollutants. Gelcoat's resistance to corrosion helps protect
surfaces, ensuring that buildings maintain their structural integrity and
aesthetics over the years. Gelcoat surfaces are relatively easy to clean and
maintain, which reduces the effort and cost required for routine maintenance.
The smooth finish of gelcoat minimizes the adhesion of dirt, pollutants, and
graffiti, simplifying upkeep for building owners. The protective properties of
gelcoat align with sustainable building practices by extending the life of
construction materials and reducing the need for frequent replacements. This
contributes to resource conservation and supports environmentally conscious
construction. Governments worldwide are increasingly acknowledging the strategic
significance of industries such as gelcoat manufacturing. They are actively
implementing initiatives to foster growth, promote innovation, and ensure
sustainability. In order to support research and development (R&D) efforts
in these pivotal sectors, governments often allocate funds. In the case of
gelcoat production, R&D grants incentivize manufacturers to explore novel
formulations, technologies, and applications.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on "Global Gelcoat Market.”
These grants enable manufacturers
to drive innovation, improve product quality, and maintain competitiveness on a
global scale. Additionally, governments establish technology incubators and
innovation centers specifically tailored to the needs of startups and small
enterprises involved in gelcoat production. These centers provide valuable
resources, infrastructure, and expertise, fostering collaboration,
knowledge-sharing, and access to cutting-edge technologies, thereby propelling
the industry forward. In the current interconnected global economy,
collaborations and partnerships have emerged as influential drivers of growth
across various industries. One sector that has significantly benefited from
strategic alliances is the gelcoat market. Partnerships provide gelcoat
manufacturers with opportunities to access new markets and customer segments
through the established networks of their collaborators. This proves
particularly advantageous when entering foreign markets with distinct
regulatory and consumer demands. Collaborations between gelcoat manufacturers
and industries such as automotive and aerospace have resulted in the
development of high-performance gelcoats that can withstand extreme conditions.
A noteworthy recent collaboration in the gelcoat industry involves AOC and
Büfa, who have expanded their distribution partnership through Büfa Composites
Austria. This expansion enables customers in southeast Europe to access resins,
gelcoats, and auxiliary materials. Additionally, HK Research Corporation, a
prominent gelcoat expert, has announced a strategic cooperation agreement with
Scott Bader. These collaborations aim to enhance the distribution networks and
expertise of the involved companies, ultimately serving the gelcoat market more
effectively.
However, fluctuations in
price of raw materials and disruptions in supply chain are expected to slow
down the growth of the market in the coming years.
The Global Gelcoat Market segmentation is based on Type, End-Use Industry, By Company, and Region
Some
of the major companies operating in the Global
Gelcoat Market include:
·
INEOS
Enterprise
·
BUFA
Composite Systems GMBH
·
HK
Research Corporation
·
SCOTT
BRADER COMPANY
·
GRM
SYSTEMS S.R.O
·
Zhejiang
Leader Composite Co., Ltd.
·
Changzhou
Huake Polymers Co., Ltd.
·
Mader
Group
·
JIANGSU
FULLMARK CHEMICALS CO. LTD. CHINA
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“Certain regions,
particularly the Asia Pacific, are projected to exert significant demand for
gelcoat worldwide. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhancing their gelcoat productivity
each year, are expected to contribute to a remarkable growth of the Global
Gelcoat Market in the forecast period," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
Gelcoat Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyester, Vinyl Ester, Epoxy and Others), By End-Use Industry (Marine Industry, Construction Industry, Transportation Industry and Wind Energy Industry), By Region, Competition has evaluated the future growth potential of Global Gelcoat Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Gelcoat Market
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web: www.techsciresearch.com