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Gelcoat Market Share
Companies within the gelcoat industry implement crucial strategies to uphold their market position. These strategies encompass continual research and development efforts aimed at formulating innovative products that align with evolving consumer preferences. Establishing strategic partnerships with distributors and manufacturers facilitates product availability and broadens market reach. Marketing initiatives are focused on highlighting the distinct advantages of gelcoats across diverse industries, thereby enhancing brand recognition, and fostering customer loyalty. Furthermore, offering customized solutions tailored to specific customer requirements enhances competitiveness. Adherence to sustainable practices and environmental regulations reinforces market positioning and ensures long-term viability. Through a combination of innovation, collaboration, customer-centricity, and sustainability practices, gelcoat industry participants effectively maintain their significant market presence.
Artisan Bread Organic employs various strategies to expand its Gelcoat business. Ashland emphasizes innovation, investing heavily in research and development to introduce advanced gelcoat formulations that cater to evolving market demands. Strategic partnerships with key industry players ensure product availability and enhance market presence. Meanwhile, HK Research Corporation adopts a customer-centric approach, offering flexible gelcoat solutions tailored to individual client needs. Both companies adhere to environmental regulations and sustainable practices, bolstering their market position. By combining innovation, collaboration, customer focus, and sustainability efforts, Ashland and HK Research Corporation maintain their competitive edge in the market.
Gelcoat Market Companies
Major players operating in the industry include:
- AOC Resins
- Akzo Novel N.V.
- Ashland
- BUFA GmbH & Co. KG
- CCP Composites
- Corning
- HK Research Corporation
- Interplastic Corporation
- Lantor BV
- Marcoat
- Nuplex Industries
- Reichhold LLC
- Scott Bader Company Ltd.
- Sika AG
Why is the demand for polyester gelcoat growing?
Gelcoat industry from the polyester segment recorded USD 789 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their durability, water resistance, and cost-effectiveness.
How big is the gelcoat market?
Market size for gelcoat was USD 1.35 billion in 2023 and is expected to register over 13.3% CAGR from 2024-2032 owing to the thriving boating industry demanding gelcoat for both new boat construction and repairs, ensuring protection and a glossy finish worldwide.
What is the size of the Asia Pacific gelcoat market?
Asia Pacific industry reached USD 387.2 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the expanding marine and automotive sectors, alongside industrial growth, and infrastructure development in the region.
Who are the key players in the gelcoat industry?
AOC Resins, Akzo Novel N.V., Ashland, BUFA GmbH & Co. KG, CCP Composites, Corning, HK Research Corporation, Interplastic Corporation, Lantor BV, Marcoat, Nuplex Industries, Reichhold LLC, Scott Bader Company Ltd., and Sika AG, are some of the major gelcoat companies worldwide.