Middle East and Africa Gelcoat Market, By Type (Standard Gelcoat, Specialty Gelcoat), Resin (Polyester, Vinyl Ester, Epoxy and Others), Application Method (Spray, Brush and Roller), End-User (Automotive, Marine, Building and Construction, Wind Energy, Others), Country (Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Gelcoat Market
The gelcoat market is expected to witness market growth at a rate of 7.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on gelcoat market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the product for various industrial applications is escalating the growth of gelcoat market.
Gelcoat is defined as the outer aesthetic layer that are corrosion-resistant over a lamination for protecting the surface and the underlying fiberglass layers. This aesthetic layer is known to provide a high-quality finish to the fiberglass surface, using various types of resin type and other chemicals for achieving its protective and water resistant properties. The protective coat surface is usually between 0.25 and 0.5 mm with the help of curing gelcoat conglomerates with fiberglass.
The surge in the relevance of renewable energy across the region acts as one of the major factors driving the growth of gelcoat market. The increase in gelcoats among end users as it is formulated to be UV and water protective with no additional chemicals, and use of the aesthetic layer on the wind blade surface which are polymer based and hence possess chemical and UV resistance properties accelerate the market growth. The high deployment in the boat/marine manufacturing plants, as the cost-effective nature when compared to marine paint, and high usage in the wind energy industry for water protection, anticorrosion, and anti-weather coats, further influence the market. Additionally, expansion of end-users such as marine, transportation, and construction, depletion of resources and rapid industrialization positively affect the gelcoat market. Furthermore, importance of decorative protective layers in the transportation and marine extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, preference towards alternatives and difficulties to work with gelcoats when custom graphics are required to produce are expected to obstruct the market growth. The limited number of color options and concerns regarding its flammability are projected to challenge the gelcoat market in the forecast period of 2021-2028.
This gelcoat market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on gelcoat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Gelcoat Market Scope and Market Size
The gelcoat market is segmented on the basis of type, resin application method and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the gelcoat market is segmented into standard gelcoat and specialty gelcoat.
- On the basis of resin, the gelcoat market is segmented into polyester, vinyl ester, epoxy and others.
- On the basis of application method, the market is segmented into spray, and brush and roller.
- On the basis of end-user, the gelcoat market is segmented into automotive, marine, building and construction, wind energy and others.
Middle East and Africa Gelcoat Market Country Level Analysis
The gelcoat market is analyzed and market size insights and trends are provided by country, type, resin application method and end-user as referenced above.
The countries covered in the Middle East-Africa gelcoat market report are Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and Rest of Middle East and Africa.
Saudi Arabia dominates the Middle East-Africa gelcoat market due to the usage in the wind energy industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Gelcoat Market Share Analysis
The gelcoat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gelcoat market.
The major players covered in the gelcoat market report are LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., DE USSEL COATINGS BV, DUGALAK Ltd., Eternal Synthetic Resins (Changshu) Co.Ltd., Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp.,Ltd, Mäder, NANO4LIFE EUROPE L.P., Polynt, Resoltech, Scott Bader Company Ltd., TURKUAZ POLYESTER., AKZO NOBEL N.V., and ASHLAND, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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