Gelcoat Market Overview
The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025).
Also Read: https://chemicalindustrygrowth.blogspot.com/2020/11/global-gelcoat-industry-share-covid-19.html
The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-styrene emission gelcoat is considered one of the primary global COVID-19 analysis on gelcoat market trends, which will gain traction over the review period.
Global Gelcoat Market: Segmental Analysis
The global gelcoat industry growth has been segmented on the basis of resin type and end use industry.
By resin type, the market constitutes of vinyl ester, polyester, epoxy, and others. Of these, polyester is the most extensively used resin for gelcoat. It is easily available and has a low price compared to other resins. Polyester offers useful properties like low shrinkage and is resistant to chemicals and water. Such attributes enable polyester resin-based gelcoat to be used in the construction and marine industries.
The end use industry incorporates wind energy, marine, construction, transportation, and others. Of these, the marine industry is considered to gain significant prominence in the years to come. Glass fiber reinforced plastics are extensively used in the marine industry. Decks and ship hulls for sailing/motor yachts and powerboats are made up of premium quality glass fiber reinforced plastics. The use of fiber-reinforced plastics augments the use of gelcoat in the marine sector as the product helps to enhance the aesthetic quality of fiberglass, besides offering corrosion resistance to structural layered materials.
Gelcoat Market Regional Frontiers
Based on the region, the gelcoat market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region was considered the fastest growing and the largest market in 2018. The region is anticipated to follow a similar trend in the foreseeable future due to the booming transportation and wind energy sectors. Countries like Japan, South Korea, and China are considered among the world’s top shipbuilding nations and thereby register high demand for gelcoat for coating ships. Moreover, the recent boom in the construction industry is fueling the demand from the gelcoat market as buildings are consuming fiber plastics for several applications.
Europe has managed to seize the second-largest share in the global market due to the recovery of the marine industry. The booming wind energy industry in the region is also encouraging the market growth in Europe.
North America, on the other hand, is likely is register significant growth, with the U.S. holding 16.5% share of the total wind installed capacity. This is likely to encourage the demand for gelcoat in the wind energy industry. Moreover, the increased adoption of fiber-reinforced for several building applications is contributing to the market growth in the region.
Gelcoat Market Competitive Dashboard
The top players operating in the gelcoat market include 3M (US), Scott Bader Company Ltd (UK), INEOS (UK), Polynt SpA (Italy), Oy Kokko-Fiber Ab (Finland), Mechemco (India), Vetroresina Spa (Italy), BÜFA Composite Systems GmbH & Co. KG (Germany), AOC LLC (US), Interplastic Corporation (US), Allnex Netherlands BV (Netherlands), HK Research Corporation (US), Fibre Glast Developments Corp. (US), Reichhold LLC (US), and Axson Technologies (France).
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Feed additives are utilized as a supplement for livestock to enhance feed composition, feed efficiency, digestibility, animal based product quality and quantity, reproduction and hatchability among others.
The benefits associated with the feed ingredients such as amino acid, vitamins, enzymes among others required for animal welfare.
The growth in development of animal nutritional and requirement of quality based meat products has augmented the application nutritional ingredients in feed productionFeed additives market is expected to gain market growth in the forecast period of 2020 to 2027.
In addition, the report also considered the impact of the new COVID-19 pandemic on the Latin America Feed Additives market and made a clear assessment of the expected market fluctuations during the forecast period.The Latin America Feed Additives market report examines the depth and potential of expansion drivers.
Challenges, unique trends and opportunities faced by market participants enable readers to fully understand the major manufacturers included in the Latin America Feed Additives market landscape reports, as well as market share, inventory data and decisions, Contact information, sales, capacity, production, price, cost, revenue and business overview.
The main goal of the Industry Top Latin America Feed Additives report is to provide key information on the positioning of competitors, current trends, market potential, growth rates and related alternative statistics.Download Exclusive Sample PDF Report: To Know the Impact Of COVID-19 On This Industry@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=latin-america-feed-additives-marketTop Key Players covered in this report are: Lucta, Cargill, Incorporated, TECHNA SA, Cytozyme Laboratories, pancosma (A Subsidiary of ADM), Kemin Industries, Inc., Tate & Lyle, Adisseo, BARENTZ, Prinova Group LLC (A Subsidiary of NAGASE & CO., LTD.), Norel S.A., DuPONT, Bentoli, Alltech, BIOMIN Holding GmbH, Minervet S.A., Global Animal Products, YesSinergy.Key Insights that Study is going to provide:The 360-degree Latin America Feed Additives market overview based on a global and regional levelA separate chapter on Latin America Feed Additives market Entropy to gain insights on Leader’s aggressiveness towards market.Competitors – In this section, various Latin America Feed Additives industry leading players are studied with respect to their company profile, capacity, product portfolio, price, and revenue.Market Share & Sales Revenue by Key Players & Emerging Regional CompaniesPatent Analysis No of patents / Trademark filed in recent years.To Receive Extensive List Of Important Regions, Ask For TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=latin-america-feed-additives-marketCustomization Available: Global Latin America Feed Additives MarketData Bridge Market Research is a leader in consulting and advanced formative research.
North America Animal feed market is relied upon to develop at a compound yearly development pace of 2.79% over the conjecture time frame to arrive at a market size of US$104.033 billion of every 2024 from US$88.176 billion out of 2018.
Upheavals of ailments in creatures coupled with rising customer mindfulness are the central point adding to the expanding interest for creature feed during the estimate time frame.
We have included all the segment of this market in our market research report.
