Asia-Pacific Gelcoats Market is Mainly Influenced by the Budding Wind Energy and Transportation Industries

Date: 2015-09-29

“Gelcoats are formulated as in-mold coating to provide high quality finish to a composite part and protect the surface from various elements. Polyester resin gelcoat is the most common gelcoat used in various end-use industries. Polyester resin is followed by vinyl ester and epoxy resin. Gelcoats are widely used in marine, transportation, construction, wind energy, and others (such as tooling, tanks & pipes, food additive requirement, aerospace, military & defense, marbles & onyx tools, and FRP furniture) industries.

The consumption trend of gelcoats varies from region to region depending on its resin type and various end-use industries. For instance, North America and Europe hold a major share for polyester and vinyl ester resin gelcoats mainly due to the growing marine and transportation industries in these regions. The Asia-Pacific gelcoats market is mainly influenced by the budding wind energy and transportation industries in the region. RoW is the another region where the demand for gelcoats is expected to grow at a brisk pace in the next few years due to the presence of emerging such as Brazil, Argentina, South Africa, and countries from the Middle East (such as Saudi Arabia, Iran, Iraq, and others).

It includes profiling of the major companies and covers the competitive strategies adopted by the major market players such as 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.), Scott Bader Company Limited (U.K.), and others. The report also provides an analysis of competitive landscape based on the recent developments in the global gelcoats market.

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