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 Geography

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The Asia Pacific Gelcoat market estimated to be valued USD 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.

Asia Pacific Gelcoat Market Summary

Study Period

2024– 2030

Base Year

N/A

CAGR

x%

Largest Market

N/A

Fastest Growing Market

N/A

Asia Pacific Gelcoat Market Dynamics

The Asia Pacific gelcoat market is growing owing to rise in applications in end user industries such as marine, constructions, wind and transportation. Growing use of polyester resin in marine, wind and transportation industry due to its excellent UV degradation compared to vinyl ester and epoxy resin has boosted the polyester resin gelcoat demand over the forecasted period. Gelcoats are widely used in producing marine products such as decks, ship hulls, motor yachts and power boats which need protective coatings to witnessed impact of water tides. Rise in demand for trading and increase in spending of high class people in boats for leisure has pushed the growth of marine industry along with rise in demand for gelcoat. Vinyl ester resin holds as comparative growth rate owing to use in marine industry. 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.

Asia Pacific Gelcoat Market Segmentation

By Resin

  • Vinyl Ester
  • Polyester
  • Epoxy
  • Others

By End User

  • Aerospace and Defense
  • Wind Energy
  • Transportation
  • Marine
  • Construction
  • Aerospace
  • Others

By Country

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Frequently Asked Questions

2023 is the base year and 2030 is the forecast year.

Turkuaz Polyester (Turkey) Scott Bader Company (UK) Polynt-Reichhold Group (US) Poliya Composites Resins and Polymers (Turkey) Interplastic Corporation (US) Ineos Enterprise (UK) HK Research Corporation (US) Bufa Composite Systems GmbH (Germany) Alpha Owens Corning (AOC) Aliancys (US) Allnex (Germany)

The report covers the asia pacific gelcoat market data: China, India, Japan, Australia & New Zealand

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2. Asia Pacific Gelcoat Market Introduction 
2.1. Asia Pacific Gelcoat Market  - Taxonomy
2.2. Asia Pacific Gelcoat Market  - Definitions
2.2.1.Resin
2.2.2.End User
2.2.3.Region
3. Asia Pacific Gelcoat Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Asia Pacific Gelcoat Market Analysis, 2019 - 2023 and Forecast 2024 -2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Asia Pacific Gelcoat Market  By Resin, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
5.1. Vinyl Ester
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Polyester
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Epoxy
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6. Asia Pacific Gelcoat Market  By End User, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
6.1. Aerospace and Defense
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Wind Energy
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Transportation
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Marine
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Construction
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Aerospace
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7. Asia Pacific Gelcoat Market  By Region, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
7.1. China
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. India
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Australia and New Zealand (ANZ)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Japan
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Rest of APAC
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.China Gelcoat Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
8.1. Resin Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Vinyl Ester
8.1.2.Polyester
8.1.3.Epoxy
8.1.4.Others
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Aerospace and Defense
8.2.2.Wind Energy
8.2.3.Transportation
8.2.4.Marine
8.2.5.Construction
8.2.6.Aerospace
8.2.7.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.India Gelcoat Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
9.1. Resin Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Vinyl Ester
9.1.2.Polyester
9.1.3.Epoxy
9.1.4.Others
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Aerospace and Defense
9.2.2.Wind Energy
9.2.3.Transportation
9.2.4.Marine
9.2.5.Construction
9.2.6.Aerospace
9.2.7.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.Australia and New Zealand (ANZ) Gelcoat Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
10.1. Resin Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Vinyl Ester
10.1.2.Polyester
10.1.3.Epoxy
10.1.4.Others
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Aerospace and Defense
10.2.2.Wind Energy
10.2.3.Transportation
10.2.4.Marine
10.2.5.Construction
10.2.6.Aerospace
10.2.7.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.Japan Gelcoat Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
11.1. Resin Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Vinyl Ester
11.1.2.Polyester
11.1.3.Epoxy
11.1.4.Others
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Aerospace and Defense
11.2.2.Wind Energy
11.2.3.Transportation
11.2.4.Marine
11.2.5.Construction
11.2.6.Aerospace
11.2.7.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.Rest of APAC Gelcoat Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
12.1. Resin Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Vinyl Ester
12.1.2.Polyester
12.1.3.Epoxy
12.1.4.Others
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Aerospace and Defense
12.2.2.Wind Energy
12.2.3.Transportation
12.2.4.Marine
12.2.5.Construction
12.2.6.Aerospace
12.2.7.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Turkuaz Polyester (Turkey)
13.2.2.Scott Bader Company (UK)
13.2.3.Polynt-Reichhold Group (US)
13.2.4.Poliya Composites Resins and Polymers (Turkey)
13.2.5.Interplastic Corporation (US)
13.2.6.Ineos Enterprise (UK)
13.2.7.HK Research Corporation (US)
13.2.8.Bufa Composite Systems GmbH (Germany)
13.2.9.Alpha Owens Corning (AOC) Aliancys (US)
13.2.10.Allnex (Germany)
14. Research Methodology 
15. Appendix and Abbreviations 
  • Turkuaz Polyester (Turkey)
  • Scott Bader Company (UK)
  • Polynt-Reichhold Group (US)
  • Poliya Composites Resins and Polymers (Turkey)
  • Interplastic Corporation (US)
  • Ineos Enterprise (UK)
  • HK Research Corporation (US)
  • Bufa Composite Systems GmbH (Germany)
  • Alpha Owens Corning (AOC) Aliancys (US)
  • Allnex (Germany)

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