The report "Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy), End Use Industry (Marine, Transportation, Construction, Wind Energy), Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America)-Global Forecast to 2024”.

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APAC is expected to be the largest market for gelcoat during the forecast period.
APAC is the largest gelcoat market, in terms of both value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. The booming wind energy industry and the transportation industry are bolstering the market for gelcoat in the region.
The marine end use segment accounted for the largest share of the gelcoat market in 2019.

Marine is an important end-use industry of glass fiber reinforced plastics as entire decks and complete ship hulls for powerboats or sailing/motor yachts are entirely made up of high-quality glass fiber reinforced plastics. The use of FRP in this industry results in the usage of gelcoat that provides excellent aesthetic appearance, good corrosion resistance, and smooth and vivid surface. Companies have also realized the immense potential of gelcoat that is used in the marine industry. For instance, in November 2018, Ashland Inc. launched a new gelcoat named Maxgaurd EZM for usage in marine applications. The gelcoat offers easy application in molds and good weathering performance. It possesses high resistance to UV rays and good blister resistance.

The gelcoat market comprises major solution providers, such as Ineos Enterprise (UK), Bufa Composite Systems GmbH (Germany), HK Research Corporation (US), Allnex (Germany), Scott Bader Company (UK), Poliya Composites Resins and Polymers (Turkey), Interplastic Corporation (US), Alpha Owens Corning (AOC) ,Aliancys (US), Polynt-Reichhold Group (US), and Turkuaz Polyester (Turkey).

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Scott Bader Company is one of the prime manufacturers of gelcoat in the European region. The company possesses extensive product portfolio pertaining to gelcoats. It gives immense emphasis on the development of high-grade gelcoats for usage in various end-use industries. As a part of its growth strategy, the company is highly focused on expansions. For instance, in September 2018, the company expanded its presence in the Japanese market by opening a facility named Scott Badder Japan KK.

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