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Gelcoat is the most common surface coating used in the fabrication and repair of fiberglass reinforced products. Gelcoat is a specially formulated resin that is designed to be the first layer of resin applied in a mold when making a composite part. It is intended to create an opaque surface which will completely block glass pattern show-through. Furthermore, polyester resins in general, and specifically gel coats, are naturally UV resistant and properly cured parts can be submerged in water. In addition, gelcoat resin coated surface is glossy after cured. It has good mechanical properties and water resistance and is resistance to mild chemicals, thus enhancing the durability of glassfibre reinforced plastics (GRP) products.
Growing use of composites in various industries, advancement in technology and useful properties offered by gelcoat are some of the factors driving the gelcoat market. Furthermore, increase in demand for gelcoat in the transportation industry is also the major factor driving the gelcoat market. However, factor such as shift toward closed molding process affecting the use of gelcoat is hampering the gelcoat market globally.
The gelcoat is segmented by resin, end user and geography
The resins used in the gelcoat market report are epoxy, polyester, vinyl ester and others. Polyester gelcoat are specifically modified resins that protect the composites against UV/weathering and chemicals. This gel coat delivers superior durability for parts & molds and allow for a nice smooth surface which can be applied with a brush or sprayed.
Major end users of gelcoat are construction, marine, transportation, wind energy and others. The use of fiber reinforced plastics upsurges the usage of gelcoat in the marine industry as gelcoat enhances the aesthetic quality of fiberglass products and offers corrosion resistance to structural layered materials. Therefore, the use of gelcoat in the marine industry needs to be based on its durability and resistance to sunlight and moisture.
Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the gelcoat market in 2018, owing to huge demand for gelcoat from countries such as Japan, China, India and increasing demand for gelcoat from the transportation, marine, construction, and wind energy end-use industries.
The global gelcoat market is led by key companies such Allnex, Alpha Owens-Corning (AOC) Aliancys, Bufa Composite Systems GMBH, HK Research Corporation, Ineos Enterprise, Interplastic Corporation, Poliya Composites Resins and Polymers, Polynt-Reichhold Group, Scott Bader Company and Turkuaz Polyester. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market.
The gelcoat is segmented by resin, end user and geography. The resins used in the gelcoat market report are epoxy, polyester, vinyl ester and others. Polyester gelcoat are specifically modified resins that protect the composites against UV/weathering and chemicals. This gel coat delivers superior durability for parts & molds and allow for a nice smooth surface which can be applied with a brush or sprayed.
Major end users of gelcoat are construction, marine, transportation, wind energy and others. The use of fiber reinforced plastics upsurges the usage of gelcoat in the marine industry as gelcoat enhances the aesthetic quality of fiberglass products and offers corrosion resistance to structural layered materials. Therefore, the use of gelcoat in the marine industry needs to be based on its durability and resistance to sunlight and moisture.
Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the gelcoat market in 2018, owing to huge demand for gelcoat from countries such as Japan, China, India and increasing demand for gelcoat from the transportation, marine, construction, and wind energy end-use industries.
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