Table of Content

1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.3 MARKET SCOPE 27
FIGURE 1 GELCOAT MARKET SEGMENTATION 27
1.3.1 REGIONS COVERED 27
FIGURE 2 YEARS CONSIDERED FOR THE STUDY 28
1.4 CURRENCY 28
1.5 UNIT CONSIDERED 28
1.6 LIMITATIONS 28
1.7 STAKEHOLDERS 29
1.8 SUMMARY OF CHANGES 29

2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 3 GELCOAT MARKET: RESEARCH DESIGN 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key data from secondary sources 31
2.1.2 PRIMARY DATA 32
2.1.2.1 Key data from primary sources 32
2.1.2.2 Key industry insights 32
2.1.2.3 Breakdown of primary interviews 33
2.2 MARKET SIZE ESTIMATION 33
2.2.1 SUPPLY SIDE ANALYSIS 34
FIGURE 4 MARKET NUMBER ESTIMATION 34
2.2.2 SEGMENT ANALYSIS 34
2.2.3 SEGMENT ANALYSIS 34
2.3 DATA TRIANGULATION 35
FIGURE 5 GELCOAT MARKET: DATA TRIANGULATION 35
2.4 ASSUMPTIONS 36
2.5 LIMITATIONS 36

3 EXECUTIVE SUMMARY 37
FIGURE 6 POLYESTER TO BE THE LARGEST RESIN FOR GELCOAT 37
FIGURE 7 MARINE END-USE INDUSTRY ACCOUNTED FOR THE MAXIMUM SHARE
IN THE GELCOAT MARKET IN 2019 38
FIGURE 8 US ACCOUNTS FOR LARGEST SHARE OF THE GELCOAT MARKET 38
FIGURE 9 APAC TO WITNESS THE HIGHEST GROWTH IN GELCOAT MARKET 39

4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN THE GELCOAT MARKET 40
FIGURE 10 GELCOAT MARKET PROJECTED TO WITNESS HIGH GROWTH BETWEEN
2020 AND 2025 40
4.2 GELCOAT MARKET, BY END-USE INDUSTRY & REGION 40
FIGURE 11 MARINE TO BE LEADING CONSUMER OF GELCOAT 40
4.3 GELCOAT MARKET, BY RESIN 41
FIGURE 12 POLYESTER TO DOMINATE THE OVERALL GELCOAT MARKET 41
4.4 GELCOAT MARKET, BY COUNTRY 41
FIGURE 13 CHINA TO REGISTER THE HIGHEST CAGR IN THE GELCOAT MARKET 41

5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES GOVERNING
THE GELCOAT MARKET 42
5.1.1 DRIVERS 43
5.1.1.1 Growing use of composites in various industries 43
5.1.1.2 Useful properties offered by gelcoat 43
5.1.1.3 Increase in demand for gelcoat in transportation industry 43
5.1.2 RESTRAINTS 44
5.1.2.1 Shift toward closed molding process affecting use of gelcoat 44
5.1.2.2 Cracking of gelcoat 44
5.1.2.3 Disruption in supply chain and logistics due to COVID-19 44
5.1.2.4 Lower capacity utilization and liquidity crunch due to COVID-19 45
5.1.3 OPPORTUNITIES 45
5.1.3.1 Growing wind energy industry 45
5.1.3.2 Growing demand from the APAC region 46
5.1.4 CHALLENGES 46
5.1.4.1 Government regulations for styrene emission 46
5.2 PORTER’S FIVE FORCES ANALYSIS 47
FIGURE 15 GELCOAT MARKET: PORTER’S FIVE FORCES ANALYSIS 47
5.2.1 THREAT OF NEW ENTRANTS 48
5.2.2 THREAT OF SUBSTITUTES 48
5.2.3 BARGAINING POWER OF SUPPLIERS 48
5.2.4 BARGAINING POWER OF BUYERS 48
5.2.5 INTENSITY OF COMPETITIVE RIVALRY 48
5.3 VALUE CHAIN ANALYSIS 49
FIGURE 16 GELCOAT MARKET VALUE CHAIN 49
5.4 PRICE ANALYSIS 49
5.5 TECHNOLOGY DEVELOPMENT 50
5.6 NEW TECHNOLOGY AND IMPACT ANALYSIS 50
5.7 GROWTH INFLUENCING FACTORS, BY END-USE INDUSTRY 50

6 MACROECONOMIC OVERVIEW AND KEY TRENDS 51
6.1 INTRODUCTION 51
6.1.1 TRENDS AND FORECAST OF GDP 51
TABLE 1 ANNUAL PERCENTAGE CHANGE OF GDP, BY REGION, APRIL 2020 51
6.1.2 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY 52
TABLE 2 NUMBER OF AIRPLANE DELIVERIES, BY MANUFACTURER, 2019 52
6.1.2.1 Short-term strategies to manage cost structure and supply chains 53
6.1.2.2 New opportunities 53
6.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 53
6.2.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND
SUPPLY CHAINS 54
6.2.2 IMPACT ON ELECTRIC VEHICLE (EV) DEMAND DUE TO LOWER OIL PRICES 54
6.2.3 NEW OPPORTUNITIES 54
6.3 IMPACT OF COVID-19 ON WIND ENERGY INDUSTRY 54
6.3.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND
SUPPLY CHAINS 55
6.3.2 NEW OPPORTUNITIES 55

7 GELCOAT MARKET, BY RESIN 56
7.1 INTRODUCTION 57
FIGURE 17 POLYESTER TO BE LEADING SEGMENT IN OVERALL MARKET 57
TABLE 3 GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 57
TABLE 4 GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 57
TABLE 5 GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 58
TABLE 6 GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 58
7.2 IMPACT OF COVID-19 ON GELCOAT MARKET 58
7.3 POLYESTER 59
7.3.1 POLYESTER RESIN-BASED GELCOAT WIDELY USED FOR ITS
OUTSTANDING PROPERTIES 59
FIGURE 18 APAC TO BE FASTEST-GROWING MARKET FOR POLYESTER
RESIN-BASED GELCOAT 59
TABLE 7 POLYESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2016–2019 (KILOTON) 59
TABLE 8 POLYESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2016–2019 (USD MILLION) 60
TABLE 9 POLYESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (KILOTON) 60
TABLE 10 POLYESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (USD MILLION) 60
7.4 VINYL ESTER 61
7.4.1 VINYL ESTER RESIN-BASED GELCOAT PREFERRED FOR ITS CORROSION RESISTANCE AND DURABILITY 61
TABLE 11 VINYL ESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2016–2029 (KILOTON) 61
TABLE 12 VINYL ESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2016–2029 (USD MILLION) 61
TABLE 13 VINYL ESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (KILOTON) 62
TABLE 14 VINYL ESTER RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (USD MILLION) 62
7.5 EPOXY 63
7.5.1 GELCOAT BASED ON EPOXY RESIN HAS VARIOUS THERMAL AND MECHANICAL PROPERTIES 63
TABLE 15 EPOXY RESIN-BASED GELCOAT MARKET, BY REGION, 2016–2019 (KILOTON) 63
TABLE 16 EPOXY RESIN-BASED GELCOAT MARKET, BY REGION,
2016–2019 (USD MILLION) 63
TABLE 17 EPOXY RESIN-BASED GELCOAT MARKET, BY REGION, 2020–2025 (KILOTON) 64
TABLE 18 EPOXY RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (USD MILLION) 64
7.6 OTHERS 65
TABLE 19 OTHER RESINS-BASED GELCOAT MARKET, BY REGION,
2016–2019 (KILOTON) 65
TABLE 20 OTHER RESINS-BASED GELCOAT MARKET, BY REGION,
2016–2019 (USD MILLION) 65
TABLE 21 OTHER RESIN-BASED GELCOAT MARKET, BY REGION, 2020–2025 (KILOTON) 66
TABLE 22 OTHER RESIN-BASED GELCOAT MARKET, BY REGION,
2020–2025 (USD MILLION) 66

8 GELCOAT MARKET, BY END-USE INDUSTRY 67
8.1 INTRODUCTION 68
FIGURE 19 MARINE TO BE LEADING END-USE INDUSTRY OF GELCOAT 68
TABLE 23 GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON) 68
TABLE 24 GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 69
TABLE 25 GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON) 69
TABLE 26 GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION) 69
8.2 IMPACT OF COVID-19 ON END-USE INDUSTRIES 70
8.3 MARINE 70
8.3.1 MARINE IS THE MAJOR END-USE INDUSTRY OF GELCOAT 70
FIGURE 20 MARINE IS LARGEST END-USE INDUSTRY OF GELCOAT IN NORTH AMERICA 70
TABLE 27 GELCOAT MARKET SIZE IN MARINE INDUSTRY, BY REGION,
2016–2019 (KILOTON) 71
TABLE 28 GELCOAT MARKET SIZE IN MARINE INDUSTRY, BY REGION,
2016–2019 (USD MILLION) 71
TABLE 29 GELCOAT MARKET SIZE IN MARINE INDUSTRY, BY REGION,
2020–2025 (KILOTON) 71
TABLE 30 GELCOAT MARKET SIZE IN MARINE INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 72
8.4 TRANSPORTATION 72
8.4.1 USE OF FIBER REINFORCED COMPONENTS CONTRIBUTING TO DEMAND
FOR GELCOAT 72
TABLE 31 GELCOAT MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION,
2016–2019 (KILOTON) 72
TABLE 32 GELCOAT MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION,
2016–2019 (USD MILLION) 73
TABLE 33 GELCOAT MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION,
2020–2025 (KILOTON) 73
TABLE 34 GELCOAT MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 73
8.5 CONSTRUCTION 74
8.5.1 GELCOAT USED IN CONSTRUCTION DUE TO ITS RESISTANCE TO CORROSION, WATER, CHEMICALS, AND UV RAYS 74
TABLE 35 GELCOAT MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION,
2016–2019 (KILOTON) 74
TABLE 36 GELCOAT MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION,
2016–2019 (USD MILLION) 74
TABLE 37 GELCOAT MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION,
2020–2025 (KILOTON) 75
TABLE 38 GELCOAT MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 75
8.6 WIND ENERGY 76
8.6.1 GELCOAT WIDELY USED IN DIFFERENT APPLICATIONS IN WIND ENERGY INDUSTRY 76
TABLE 39 GELCOAT MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION,
2016–2019 (KILOTON) 76
TABLE 40 GELCOAT MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION,
2016–2019, (USD MILLION) 76
TABLE 41 GELCOAT MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION,
2020–2025 (KILOTON) 77
TABLE 42 GELCOAT MARKET SIZE IN WIND ENERGY INDUSTRY, BY REGION,
2020–2025 (USD MILLION) 77
8.7 OTHERS 78
TABLE 43 GELCOAT MARKET SIZE IN OTHER INDUSTRIES, BY REGION,
2016–2019 (KILOTON) 78
TABLE 44 GELCOAT MARKET SIZE IN OTHER INDUSTRIES, BY REGION,
2016–2019 (USD MILLION) 78
TABLE 45 GELCOAT MARKET SIZE IN OTHER INDUSTRIES, BY REGION,
2020–2025 (KILOTON) 79
TABLE 46 GELCOAT MARKET SIZE IN OTHER INDUSTRIES, BY REGION,
2020–2025 (USD MILLION) 79

9 GELCOAT MARKET, BY REGION 80
9.1 INTRODUCTION 81
FIGURE 21 INDIA TO REGISTER THE HIGHEST CAGR 81
TABLE 47 GELCOAT MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 82
TABLE 48 GELCOAT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 82
TABLE 49 GELCOAT MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 82
TABLE 50 GELCOAT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 83
9.2 REGIONAL IMPACT OF COVID-19 83
9.3 NORTH AMERICA 84
FIGURE 22 NORTH AMERICA: GELCOAT MARKET SNAPSHOT 84
TABLE 51 NORTH AMERICA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 84
TABLE 52 NORTH AMERICA: GELCOAT MARKET SIZE, BY RESIN,
2016–2019 (USD MILLION) 85
TABLE 53 NORTH AMERICA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 85
TABLE 54 NORTH AMERICA: GELCOAT MARKET SIZE, BY RESIN,
2020–2025 (USD MILLION) 85
TABLE 55 NORTH AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 86
TABLE 56 NORTH AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 86
TABLE 57 NORTH AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 86
TABLE 58 NORTH AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 87
TABLE 59 NORTH AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2016–2019 (KILOTON) 87
TABLE 60 NORTH AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 87
TABLE 61 NORTH AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2020–2025 (KILOTON) 88
TABLE 62 NORTH AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 88
9.3.1 US 88
9.3.1.1 Growing composites industry is propelling US gelcoat market 88
TABLE 63 US: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 88
TABLE 64 US: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 89
TABLE 65 US: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 89
TABLE 66 US: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 89
TABLE 67 US: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON) 90
TABLE 68 US: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 90
TABLE 69 US: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON) 90
TABLE 70 US: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 91
9.3.2 CANADA 91
9.3.2.1 Marine industry is the major driver for the gelcoat market in Canada 91
TABLE 71 CANADA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 91
TABLE 72 CANADA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 91
TABLE 73 CANADA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 92
TABLE 74 CANADA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 92
TABLE 75 CANADA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 92
TABLE 76 CANADA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 93
TABLE 77 CANADA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 93
TABLE 78 CANADA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 93
9.4 EUROPE 94
FIGURE 23 EUROPE: GELCOAT MARKET SNAPSHOT 94
TABLE 79 EUROPE: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 94
TABLE 80 EUROPE: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 95
TABLE 81 EUROPE: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 95
TABLE 82 EUROPE: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 95
TABLE 83 EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 96
TABLE 84 EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 96
TABLE 85 EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 96
TABLE 86 EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 97
TABLE 87 EUROPE: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 97
TABLE 88 EUROPE: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 97
TABLE 89 EUROPE: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON) 98
TABLE 90 EUROPE: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 98
9.4.1 GERMANY 99
9.4.1.1 Germany is the leading consumer of gelcoat in Europe 99
TABLE 91 GERMANY: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 99
TABLE 92 GERMANY: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 99
TABLE 93 GERMANY: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 99
TABLE 94 GERMANY: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 100
TABLE 95 GERMANY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 100
TABLE 96 GERMANY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 100
TABLE 97 GERMANY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 101
TABLE 98 GERMANY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 101
9.4.2 ITALY 101
9.4.2.1 Growing demand for high-strength driving the market in Italy 101
TABLE 99 ITALY: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 101
TABLE 100 ITALY: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 102
TABLE 101 ITALY: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 102
TABLE 102 ITALY: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 102
TABLE 103 ITALY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 103
TABLE 104 ITALY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 103
TABLE 105 ITALY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 103
TABLE 106 ITALY: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 104
9.4.3 FRANCE 104
9.4.3.1 Marine and transportation industries generate high demand
for gelcoat in France 104
TABLE 107 FRANCE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 104
TABLE 108 FRANCE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 105
TABLE 109 FRANCE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 105
TABLE 110 FRANCE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 105
9.4.4 UK 106
9.4.4.1 Transportation industry is a major end user of gelcoat in UK 106
TABLE 111 UK: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON) 106
TABLE 112 UK: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 106
TABLE 113 UK: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON) 107
TABLE 114 UK: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 107
9.4.5 REST OF EUROPE 107
TABLE 115 REST OF EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 108
TABLE 116 REST OF EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 108
TABLE 117 REST OF EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 108
TABLE 118 REST OF EUROPE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 109
9.5 APAC 109
FIGURE 24 APAC: GELCOAT MARKET SNAPSHOT 110
TABLE 119 APAC: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 110
TABLE 120 APAC: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 111
TABLE 121 APAC: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 111
TABLE 122 GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 111
TABLE 123 APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 112
TABLE 124 APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 112
TABLE 125 APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 112
TABLE 126 APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 113
TABLE 127 APAC: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 113
TABLE 128 APAC: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 113
TABLE 129 APAC: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON) 114
TABLE 130 APAC: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 114
9.5.1 CHINA 114
9.5.1.1 Presence of many gelcoat manufacturers helping the market growth 114
TABLE 131 CHINA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 114
TABLE 132 CHINA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 115
TABLE 133 CHINA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 115
TABLE 134 CHINA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 115
TABLE 135 CHINA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 116
TABLE 136 CHINA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 116
TABLE 137 CHINA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 116
TABLE 138 CHINA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 117
9.5.2 INDIA 117
9.5.2.1 Growing focus on wind energy industry propelling the market 117
TABLE 139 INDIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 117
TABLE 140 INDIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 118
TABLE 141 INDIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 118
TABLE 142 INDIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 118
9.5.3 JAPAN 119
9.5.3.1 Presence of major composites manufacturers contributes
to market growth 119
TABLE 143 JAPAN: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 119
TABLE 144 JAPAN: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 119
TABLE 145 JAPAN: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 119
TABLE 146 JAPAN: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 120
TABLE 147 JAPAN: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 120
TABLE 148 JAPAN: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 120
TABLE 149 JAPAN: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 121
TABLE 150 JAPAN: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 121
9.5.4 REST OF APAC 121
TABLE 151 REST OF APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 121
TABLE 152 REST OF APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 122
TABLE 153 REST OF APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 122
TABLE 154 REST OF APAC: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 122
9.6 LATIN AMERICA 123
TABLE 155 LATIN AMERICA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 123
TABLE 156 LATIN AMERICA: GELCOAT MARKET SIZE, BY RESIN,
2016–2019 (USD MILLION) 123
TABLE 157 LATIN AMERICA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 124
TABLE 158 LATIN AMERICA: GELCOAT MARKET SIZE, BY RESIN,
2020–2025 (USD MILLION) 124
TABLE 159 LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 124
TABLE 160 LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 125
TABLE 161 LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 125
TABLE 162 LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 125
TABLE 163 LATIN AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2016–2019 (KILOTON) 126
TABLE 164 LATIN AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 126
TABLE 165 LATIN AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2020–2025 (KILOTON) 126
TABLE 166 LATIN AMERICA: GELCOAT MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 127
9.6.1 BRAZIL 127
9.6.1.1 Growing number of wind energy installations driving the
market in Brazil 127
TABLE 167 BRAZIL: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 127
TABLE 168 BRAZIL: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 128
TABLE 169 BRAZIL: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 128
TABLE 170 BRAZIL: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 128
TABLE 171 BRAZIL: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 129
TABLE 172 BRAZIL: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 129
TABLE 173 BRAZIL: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 129
TABLE 174 BRAZIL: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 130
9.6.2 MEXICO 130
9.6.2.1 Marine and transportation generate high demand for
gelcoat in Mexico 130
TABLE 175 MEXICO: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 130
TABLE 176 MEXICO: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 130
TABLE 177 MEXICO: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 131
TABLE 178 MEXICO: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 131
9.6.3 REST OF LATIN AMERICA 131
TABLE 179 REST OF LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON) 131
TABLE 180 REST OF LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 132
TABLE 181 REST OF LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON) 132
TABLE 182 REST OF LATIN AMERICA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION) 132
9.7 MEA 133
TABLE 183 MEA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 133
TABLE 184 MEA: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 133
TABLE 185 MEA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 133
TABLE 186 MEA: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 134
TABLE 187 MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 134
TABLE 188 MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 134
TABLE 189 MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 135
TABLE 190 MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 135
TABLE 191 MEA: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 135
TABLE 192 MEA: GELCOAT MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 136
TABLE 193 MEA: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON) 136
TABLE 194 MEA: GELCOAT MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 136
9.7.1 UAE 137
9.7.1.1 UAE is fast-growing market for gelcoat in MEA 137
TABLE 195 UAE: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (KILOTON) 137
TABLE 196 UAE: GELCOAT MARKET SIZE, BY RESIN, 2016–2019 (USD MILLION) 137
TABLE 197 UAE: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (KILOTON) 137
TABLE 198 UAE: GELCOAT MARKET SIZE, BY RESIN, 2020–2025 (USD MILLION) 138
TABLE 199 UAE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (KILOTON) 138
TABLE 200 UAE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 138
TABLE 201 UAE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (KILOTON) 139
TABLE 202 UAE: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 139
9.7.2 SAUDI ARABIA 139
9.7.2.1 Major demand for gelcoat generated from construction industry
in Saudi Arabia 139
TABLE 203 SAUDI ARABIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 140
TABLE 204 SAUDI ARABIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 140
TABLE 205 SAUDI ARABIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 140
TABLE 206 SAUDI ARABIA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 141
9.7.3 REST OF MEA 141
TABLE 207 REST OF MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (KILOTON) 141
TABLE 208 REST OF MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 142
TABLE 209 REST OF MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (KILOTON) 142
TABLE 210 REST OF MEA: GELCOAT MARKET SIZE, BY END-USE INDUSTRY,
2020–2025 (USD MILLION) 142
10 COMPETITIVE LANDSCAPE 143
10.1 OVERVIEW 143
FIGURE 25 COMPANIES ADOPTED EXPANSION AND NEW PRODUCT LAUNCH AS
KEY GROWTH STRATEGIES BETWEEN 2015 AND 2020 143
10.2 RECENT DEVELOPMENTS 144
10.2.1 EXPANSION 144
TABLE 211 EXPANSION, 2015?2020 144
10.2.2 AGREEMENT & PARTNERSHIP 144
TABLE 212 AGREEMENT & PARTNERSHIP, 2015?2020 144
10.2.3 NEW PRODUCT LAUNCH 145
TABLE 213 NEW PRODUCT LAUNCH, 2015?2020 145
10.2.4 MERGER & ACQUISITION 146
TABLE 214 MERGER & ACQUISITION, 2015?2020 146
10.3 MARKET RANKING OF TOP 5 PLAYERS IN GELCOAT MARKET 146
FIGURE 26 RANKING OF TOP FIVE PLAYERS IN GELCOAT MARKET 146
10.4 MARKET SHARE ANALYSIS IN GELCOAT MARKET 147
10.5 COMPETITIVE BENCHMARKING 147
10.5.1 TIER 1 COMPANIES 147
10.5.1.1 Dynamic differentiators 147
10.5.1.2 Innovators 147
10.5.1.3 Vanguard 148
10.5.1.4 Emerging 148
FIGURE 27 DIVE CHART 148
10.5.2 COMPETITIVE BENCHMARKING OF TIER 1 COMPANIES 149
10.5.2.1 Strength of product portfolio 149
FIGURE 28 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN GELCOAT MARKET 149
10.5.2.2 Business strategy excellence 149
FIGURE 29 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN GELCOAT MARKET 149
10.5.3 TIER 2 AND 3 COMPANIES 150
10.5.3.1 Dynamics differentiators 150
10.5.3.2 Innovators 150
10.5.3.3 Vanguard 150
10.5.3.4 Emerging companies 150
FIGURE 30 DIVE CHART 151
10.5.4 C