Market Overview:
The global gel coats and pigments market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. The polyester type holds a comparatively larger share in global market, which accounts for about 36%. The marine holds an important share in terms of applications, and accounts for 32% of the market share. In terms of regions, North America dominates the global gel coats and pigments market with a 38% share in 2017.
Product Definition:
Gel coat is a type of resin that is sprayed over the surface of fiberglass boats, cars and other objects to form a hard, smooth finish. Pigments are used to create different colors in the gel coat. The use of pigments helps to protect the underlying resin from UV radiation and makes it less likely for the object to fade or become discolored over time.
Polyester Type:
Polyester is a synthetic fiber that belongs to the class of rayon and nylon. It is produced from the polymerization of ethylene oxide. Polyester gel coatings are widely used in automotive paints owing to their excellent properties such as abrasion resistance, high viscosity, thermal stability and hardness along with quick drying time.
Epoxy Type:
Epoxy type is a polymer with an epoxide group. It has high molecular weight and is resistant to solvents, acids and bases. Epoxy resins are used in the production of gel coatings & pigments for exterior applications such as wood panels, automobiles, boats and architectural moldings owing to their excellent color retention properties under various environmental conditions.
Application Insights:
The transportation segment is expected to emerge as the fastest-growing application, with a CAGR of XX% over the forecast period. Gel coatings have excellent resistance against corrosion and UV rays, which increases their durability and shelf life. The growing construction industry on account of rapid urbanization in developing countries such as India & China is anticipated to boost product demand in transportation applications over the forecast period.
Gel coatings are used for exterior as well interior applications on boats including decks, cabin interiors (galley), swim platforms (ladders), wheel houses/command centers and salon areas (dinette). Increasing consumer disposable income has led to an increase in yacht purchases especially for vacation purposes; this trend is expected to drive product demand from marine applications over the next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing construction activities in the region and rising demand for transportation vehicles. In addition, rapid industrialization in countries such as China and India are also anticipated to drive product demand over the forecast period.
The presence of various end-use industries coupled with developing infrastructure has led Europe Gel Coat Pigments Market growth prospects for applications other than marine coatings including wind energy application segment which accounts for about 23%. Increasing investments in renewable energy sources such as wind farms are driving product demand across European countries owing to its environmental benefits over fossil fuel based power generation plants., The Middle East & Africa is expected witness significant growth opportunities due to government initiatives encouraging private investments into various sectors including tourism, healthcare, education and others.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of gel coatings as a protective and decorative finish for boats, yachts, and other watercraft
- Rising demand for colorants in a wide range of applications
- Advances in coating technology that are making these products more durable and easier to apply
- Growing awareness among consumers about the benefits of using gel coats and pigments
Scope Of The Report
Report Attributes
Report Details
Report Title
Gel Coats and Pigments Market Research Report
By Type
Polyester Type, Epoxy Type, Vinyl Ester Type, Other Type, The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
By Application
Marine, Wind Energys, Transportation, Construction, Others, The marine holds an important share in terms of applications, and accounts for 32% of the market share.
By Companies
Ineos, BuFA Group, HK Research Corporation, Polynt-Reichhold, Scott Bader, AOC Aliancys, Allnex, Interplastic, Mader, Tomatec, Aroway Technology Corp., Jiangsu Fullmark Chemicals, Tianma Group, Changzhou Heyu Chemical, Changzhou Huake Polymers, Poliya, Turkuaz Polyester, Sika Advanced Resins
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Gel Coats and Pigments Market Report Segments:
The global Gel Coats and Pigments market is segmented on the basis of:
Types
Polyester Type, Epoxy Type, Vinyl Ester Type, Other Type, The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine, Wind Energys, Transportation, Construction, Others, The marine holds an important share in terms of applications, and accounts for 32% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ineos
- BuFA Group
- HK Research Corporation
- Polynt-Reichhold
- Scott Bader
- AOC Aliancys
- Allnex
- Interplastic
- Mader
- Tomatec
- Aroway Technology Corp.
- Jiangsu Fullmark Chemicals
- Tianma Group
- Changzhou Heyu Chemical
- Changzhou Huake Polymers
- Poliya
- Turkuaz Polyester
- Sika Advanced Resins
Highlights of The Gel Coats and Pigments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyester Type
- Epoxy Type
- Vinyl Ester Type
- Other Type
- The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
- By Application:
- Marine
- Wind Energys
- Transportation
- Construction
- Others
- The marine holds an important share in terms of applications, and accounts for 32% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gel Coats and Pigments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gel coats and pigments are two types of coatings that are used in the paint industry. Gel coats are a type of coating that is made from a gel material. This type of coating is used to make paints more resistant to water and other chemicals. Pigments are also a type of coating, but they are made from natural materials like minerals or earths. These types of coatings can be used to make paints more vibrant or darker in color
Some of the major players in the gel coats and pigments market are Ineos, BuFA Group, HK Research Corporation, Polynt-Reichhold, Scott Bader, AOC Aliancys, Allnex, Interplastic, Mader, Tomatec, Aroway Technology Corp., Jiangsu Fullmark Chemicals, Tianma Group, Changzhou Heyu Chemical, Changzhou Huake Polymers, Poliya, Turkuaz Polyester, Sika Advanced Resins.
The gel coats and pigments market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gel Coats and Pigments Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gel Coats and Pigments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gel Coats and Pigments Market - Supply Chain
4.5. Global Gel Coats and Pigments Market Forecast
4.5.1. Gel Coats and Pigments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gel Coats and Pigments Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gel Coats and Pigments Market Absolute $ Opportunity
5. Global Gel Coats and Pigments Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gel Coats and Pigments Market Size and Volume Forecast by Type
5.3.1. Polyester Type
5.3.2. Epoxy Type
5.3.3. Vinyl Ester Type
5.3.4. Other Type
5.3.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gel Coats and Pigments Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gel Coats and Pigments Market Size and Volume Forecast by Application
6.3.1. Marine
6.3.2. Wind Energys
6.3.3. Transportation
6.3.4. Construction
6.3.5. Others
6.3.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gel Coats and Pigments Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gel Coats and Pigments Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gel Coats and Pigments Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gel Coats and Pigments Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gel Coats and Pigments Demand Share Forecast, 2019-2026
9. North America Gel Coats and Pigments Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gel Coats and Pigments Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gel Coats and Pigments Market Size and Volume Forecast by Application
9.4.1. Marine
9.4.2. Wind Energys
9.4.3. Transportation
9.4.4. Construction
9.4.5. Others
9.4.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gel Coats and Pigments Market Size and Volume Forecast by Type
9.7.1. Polyester Type
9.7.2. Epoxy Type
9.7.3. Vinyl Ester Type
9.7.4. Other Type
9.7.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gel Coats and Pigments Demand Share Forecast, 2019-2026
10. Latin America Gel Coats and Pigments Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gel Coats and Pigments Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gel Coats and Pigments Market Size and Volume Forecast by Application
10.4.1. Marine
10.4.2. Wind Energys
10.4.3. Transportation
10.4.4. Construction
10.4.5. Others
10.4.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gel Coats and Pigments Market Size and Volume Forecast by Type
10.7.1. Polyester Type
10.7.2. Epoxy Type
10.7.3. Vinyl Ester Type
10.7.4. Other Type
10.7.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gel Coats and Pigments Demand Share Forecast, 2019-2026
11. Europe Gel Coats and Pigments Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gel Coats and Pigments Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gel Coats and Pigments Market Size and Volume Forecast by Application
11.4.1. Marine
11.4.2. Wind Energys
11.4.3. Transportation
11.4.4. Construction
11.4.5. Others
11.4.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gel Coats and Pigments Market Size and Volume Forecast by Type
11.7.1. Polyester Type
11.7.2. Epoxy Type
11.7.3. Vinyl Ester Type
11.7.4. Other Type
11.7.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gel Coats and Pigments Demand Share, 2019-2026
12. Asia Pacific Gel Coats and Pigments Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gel Coats and Pigments Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gel Coats and Pigments Market Size and Volume Forecast by Application
12.4.1. Marine
12.4.2. Wind Energys
12.4.3. Transportation
12.4.4. Construction
12.4.5. Others
12.4.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gel Coats and Pigments Market Size and Volume Forecast by Type
12.7.1. Polyester Type
12.7.2. Epoxy Type
12.7.3. Vinyl Ester Type
12.7.4. Other Type
12.7.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gel Coats and Pigments Demand Share, 2019-2026
13. Middle East & Africa Gel Coats and Pigments Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gel Coats and Pigments Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gel Coats and Pigments Market Size and Volume Forecast by Application
13.4.1. Marine
13.4.2. Wind Energys
13.4.3. Transportation
13.4.4. Construction
13.4.5. Others
13.4.6. The marine holds an important share in terms of applications, and accounts for 32% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gel Coats and Pigments Market Size and Volume Forecast by Type
13.7.1. Polyester Type
13.7.2. Epoxy Type
13.7.3. Vinyl Ester Type
13.7.4. Other Type
13.7.5. The segment of polyester type holds a comparatively larger share in global market, which accounts for about 36%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gel Coats and Pigments Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gel Coats and Pigments Market: Market Share Analysis
14.2. Gel Coats and Pigments Distributors and Customers
14.3. Gel Coats and Pigments Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ineos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BuFA Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HK Research Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Polynt-Reichhold
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Scott Bader
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AOC Aliancys
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Allnex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Interplastic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mader
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tomatec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aroway Technology Corp.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangsu Fullmark Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tianma Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Changzhou Heyu Chemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changzhou Huake Polymers
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Poliya
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Turkuaz Polyester
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments<
