Asia Pacific Gelcoat Market: By Resin Type (Vinyl Ester, Polyester, Epoxy and Others), By End User (Wind Energy, Transportation, Marine, Construction, Aerospace and Others), and Region Forecast 2020-2031

The Asia Pacific Gelcoat market estimated to be valued US$ XX Mn in 2023 and poised to grow at significant CAGR x% From 2024-2030. Some of the key factors influencing the market growth include increase in demand for gelcoat in the transportation industry, high growth in emerging economies, rise in applications in end user industries and growing demand for low-styrene emission gelcoat. In addition, APAC is a key gelcoat market. The booming transportation and construction industries are responsible for the growth of the gelcoat market in the region. Gelcoat are used on engine parts and other automobile parts to increase fuel efficiency and reduce weight. The prominent companies are focusing more on lightweight vehicles particularly in transportation industry which includes railways, ships and buses to increase the use of gelcoat in transportation industry. One of the challenge of gel coat is that there are usually only a limited number of colors that can be used. On top of this, it is comparatively more difficult to work with gel coat in making custom graphics or images on the boat surface. The biggest disadvantage of gel coat is that it is very labor-intensive. Asia Pacific Gelcoat market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2017, Bang and Bonsomer launched a new gelcoat manufacturing unit at Kokkola site in Finland.

This unit manufactures the highly valued Polycor gelcoats. This investment is expected to help the company establish its footprints in Finland and diversify its business. This report gives comprehensive outlook on gelcoat across the globe with special emphasis on key countries such as Japan, China, India, Australia & New Zealand, ASEAN, South Korea and Rest of Asia-Pacific. This report gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, end user and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.