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Gelcoat Market worth 1,233 Million USD by 2020 (1)

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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.; marine industry is the largest consumer of gelcoats – PowerPoint PPT presentation

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Title: Gelcoat Market worth 1,233 Million USD by 2020 (1)


1
MarketsandMarkets Presents
Gelcoat Market by Resin Type, by End-Use Industry
by Region - Trends Forecast to 2020

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Gelcoat Market worth 1,233 Million USD by 2020
The report 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, defines and segments
the gelcoats market with analysis and forecasting
of the market size  by volume and value.
3
Gelcoat Market worth 1,233 Million USD by 2020
Browse gtgt 79 data tables
50 figures
153 pages and in-depth TOC on Gelcoat Market
This is a Premium Report Priced at US 4650 for
single user. Early buyers will receive 10
customization on this report. Gelcoats offer
various unique properties and features such as
resistivity to corrosion, UV degradation, water
absorption, chemicals, and so on. The global
gelcoats market is estimated to reach a market
size of USD 1,233 Million by 2020, registering a
CAGR of 7.60 between 2015 and 2020.
4
Gelcoat Market worth 1,233 Million USD by 2020
Gelcoats market is classified on the basis of
resin type such as polyester, vinyl ester, epoxy,
and others. Polyester resin gelcoat is the most
widely used gelcoat in the market. Increasing
demand of composites in the transportation and
marine industry is driving the gelcoats market.
Some of the key global players prevailing in the
gelcoats market are 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.), and
Scott Bader Company Limited (U.K.).
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Gelcoat Market worth 1,233 Million USD by 2020
North America is the biggest gelcoats
market North America dominated the gelcoats
market in 2014 and is closely followed by Europe.
The U.S. is the biggest consumer of gelcoats
across the globe. The recovery of the marine
industry after economic recession is accelerating
the demand of gelcoats in the U.S. For instance,
in the last two years, the demand for high speed
boats has increased and according to NMMA
(National Marine Manufacturers Association),
approximately 95 of powerboats sold in the U.S.
are manufactured and produced in the U.S. itself.
Additionally, there is increased demand for
lightweight boats (especially for racing purpose)
where use of lightweight composite is critical.
As companies are building more fuel-efficient
marine vehicles to meet the growing demand, the
usage of gelcoats is also, subsequently
increasing. Moreover, the increasing demand for
composites for saving weight and enhancing fuel
efficiency of the transportation system such as
railways, autos, and leisure vehicles is also
playing a vital role in the increased demand of
gelcoats in the transportation industry.
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Gelcoat Market worth 1,233 Million USD by 2020
The marine industry is the biggest consumer of
gelcoats and is driving the global gelcoats
market Gelcoats are widely used in marine
applications such as decks, ship hulls, motor
yachts, and power boats which are made of high
quality fiber reinforced plastics elements. In
the last few years, the global marine industry
witnessed a decent growth rate after being hit by
the global recession of 2008. The growing
recreational boat industry, coupled with the
increasing expending power of people for leisure,
is further pushing the growth of marine industry.
Generally, polyester resin and vinyl ester resin
gelcoats are used in the marine industry because
of the unique properties and features provided by
the respective gelcoats. Polyester resin gelcoat
is the most preferred type because it provides
the best resistance to UV degradation compared to
vinyl ester and epoxy resin gelcoats. Purchase
a Copy of this Report Today !
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