Gelcoat Market Size to Grow by USD 540.49 million | Technavio

NEW YORK, March 25, 2022 /PRNewswire/ -- The Gelcoat Market size is expected to increase by USD 540.49 million from 2021 to 2026, with an accelerated CAGR of 6.85%, according to the recent market study by Technavio.

Technavio has announced its latest market research report titled
 Gelcoat Market by End-user and Geography - Forecast and Analysis 2022-2026

Segmentation by End-user (In-Scope/Out-of-Scope)

  • In-Scope:
    • Marine:

The market vendors should focus on grabbing business opportunities from the marine segment under end-user category, as it accounted for the largest market share in the base year. The growing recreational boat and ship industry are expected to significantly propel the growth of the global gelcoat market in the marine industry.

  • Out-of-Scope:
    • Transportation
    • Wind-energy
    • Construction
    • Others

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Highlights-

  • Segmentation- The report extensively covers market segmentation by End-user (marine, transportation, wind-energy, construction, and others)
  • Key Companies- 3M Corp., Allnex Netherlands BV, Ashland Global Holdings Inc., BUFA GmbH and Co. KG, Eastman Chemical Co., Hacotech GmbH, HK Research Corp., Huntsman Corp., INEOS Group Holdings SA, Interplastic Corp., MADER SA, Nivitex Fibreglass and Resins, Poliya Polyester Industry and Trade Ltd. Sti., Polynt Spa, RESOLTECH SAS, Scott Bader Co. Ltd., Sicomin, Sika AG, Sogel Inc., Turkuaz Polyester Resin Chemical Ltd. Sti., and BASF SE among others.
  • Driver- The growth of the marine industry and upcoming yacht project
  • Challenge-  Increased price of gelcoat

Download FREE Sample: for more additional information about the Gelcoat Market

Vendor Insights-

The gelcoat market is fragmented, and the vendors are deploying growth strategies such as acquisitions, partnerships, product launches, and investment in R&D to compete in the market. For instance:

  • 3M Corp. - In December 2020, the company partnered with eMurmur.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Learn More about Key Driver & Challenge of the Market-

  • Gelcoat Market Driver:
    • Growth of the marine industry and upcoming yacht project:

Premium gelcoat products are used in boats, pools, and boat paints. Gelcoat is used in the marine industry to paint the interior and exterior surfaces and protect metal components from chemical attacks and UV radiation. They are highly durable and provide an aesthetic appeal and high-quality finish. They are widely preferred in the marine industry owing to their superior properties and high quality and durability. The upcoming yacht projects and increased recreational activities, particularly in the US, Canada, California, and Alaska, can also significantly drive the demand for gelcoat in the marine industry during the forecast period. 

  • Gelcoat Market Challenge:
    • Increased price of gelcoat:

The increased price of gelcoat, owing to the rising prices of raw materials, such as styrene, glycols, and LER, is challenging the market. An increase in raw material cost results in a rise in packaging and transportation costs. As a result, vendors may increase the price of gelcoat further. Thus, rising prices of gelcoat are expected to hinder the growth of the global gelcoat market during the forecast period.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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Gelcoat Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.85%

Market growth 2022-2026

USD 540.49 million

Market structure

Fragmented

YoY growth (%)

5.84

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key consumer countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Corp., Allnex Netherlands BV, Ashland Global Holdings Inc., BUFA GmbH and Co. KG, Eastman Chemical Co., Hacotech GmbH, HK Research Corp., Huntsman Corp., INEOS Group Holdings SA, Interplastic Corp., MADER SA, Nivitex Fibreglass and Resins, Poliya Polyester Industry and Trade Ltd. Sti., Polynt Spa, RESOLTECH SAS, Scott Bader Co. Ltd., Sicomin, Sika AG, Sogel Inc., Turkuaz Polyester Resin Chemical Ltd. Sti., and BASF SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Marine - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Marine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Marine - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Marine - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Marine - Year-over-year growth 2021-2026 (%)
  • 5.4 Transportation - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Transportation - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
  • 5.5 Wind-energy - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Wind-energy - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Wind-energy - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Wind-energy - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Wind-energy - Year-over-year growth 2021-2026 (%)
  • 5.6 Construction - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Construction - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Construction - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Construction - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by End-user
    • Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 3M Corp.
    • Exhibit 101: 3M Corp. - Overview
    • Exhibit 102: 3M Corp. - Business segments
    • Exhibit 103: 3M Corp. - Key news
    • Exhibit 104: 3M Corp. - Key offerings
    • Exhibit 105: 3M Corp. - Segment focus
  • 10.4 Allnex Netherlands BV
    • Exhibit 106: Allnex Netherlands BV - Overview
    • Exhibit 107: Allnex Netherlands BV - Product / Service
    • Exhibit 108: Allnex Netherlands BV - Key news
    • Exhibit 109: Allnex Netherlands BV - Key offerings
  • 10.5 Ashland Global Holdings Inc.
    • Exhibit 110: Ashland Global Holdings Inc. - Overview
    • Exhibit 111: Ashland Global Holdings Inc. - Business segments
    • Exhibit 112: Ashland Global Holdings Inc. - Key news
    • Exhibit 113: Ashland Global Holdings Inc. - Key offerings
    • Exhibit 114: Ashland Global Holdings Inc. - Segment focus
  • 10.6 BASF SE
    • Exhibit 115: BASF SE - Overview
    • Exhibit 116: BASF SE - Business segments
    • Exhibit 117: BASF SE - Key news
    • Exhibit 118: BASF SE - Key offerings
    • Exhibit 119: BASF SE - Segment focus
  • 10.7 BUFA GmbH and Co. KG
    • Exhibit 120: BUFA GmbH and Co. KG - Overview
    • Exhibit 121: BUFA GmbH and Co. KG - Product / Service
    • Exhibit 122: BUFA GmbH and Co. KG - Key offerings
  • 10.8 Eastman Chemical Co.
    • Exhibit 123: Eastman Chemical Co. - Overview
    • Exhibit 124: Eastman Chemical Co. - Business segments
    • Exhibit 125: Eastman Chemical Co. - Key offerings
    • Exhibit 126: Eastman Chemical Co. - Segment focus
  • 10.9 HK Research Corp.
    • Exhibit 127: HK Research Corp. - Overview
    • Exhibit 128: HK Research Corp. - Product / Service
    • Exhibit 129: HK Research Corp. - Key offerings
  • 10.10 Huntsman Corp.
    • Exhibit 130: Huntsman Corp. - Overview
    • Exhibit 131: Huntsman Corp. - Business segments
    • Exhibit 132: Huntsman Corp. - Key news
    • Exhibit 133: Huntsman Corp. - Key offerings
    • Exhibit 134: Huntsman Corp. - Segment focus
  • 10.11 MADER SA
    • Exhibit 135: MADER SA - Overview
    • Exhibit 136: MADER SA - Product / Service
    • Exhibit 137: MADER SA - Key offerings
  • 10.12 Scott Bader Co. Ltd.
    • Exhibit 138: Scott Bader Co. Ltd. - Overview
    • Exhibit 139: Scott Bader Co. Ltd. - Product / Service
    • Exhibit 140: Scott Bader Co. Ltd. - Key news
    • Exhibit 141: Scott Bader Co. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 142: Inclusions checklist
    • Exhibit 143: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 144: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 145: Research methodology
    • Exhibit 146: Validation techniques employed for market sizing
    • Exhibit 147: Information sources
  • 11.5 List of abbreviations
    • Exhibit 148: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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