Global Wind Energy Gelcoat Market Size By Resin Type (Vinyl Ester, Polyester, Epoxy), By Competitive Landscape, By Geographic Scope And Forecast

Wind Energy Gelcoat Market Size And Forecast

Wind Energy Gelcoat Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. from 2023 to 2030.

The gelcoat business is expanding due to the increased global need for high-performance composite materials. Gelcoat demand is predicted to fall in 2020 as a result of COVID-19. The end of the shutdown and revival in the end-use industries, on the other hand, will boost demand during the projected period. The Global Wind Energy Gelcoat Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Wind Energy Gelcoat Market Definition

Gelcoat is a material or protective layer that is used to provide a high-quality finish on the visible surface of a fiber-reinforced composite. The protective coat surface ranges between 0.25 and 0.5 mm. The most frequent Gelcoat is thermosetting polymers based on epoxy or unsaturated polyester resin chemistry. Gelcoats are modified resins that are generally applied to molds in the liquid state. Gelcoats are used in the wind energy industry at a wide range.

Due to its distinct features such as chemical protection and UV resistance properties Gelcoat is increasing its use in the wind energy industry. The wind is an important source of renewable energy, and wind turbine blades are the key element in the wind power generation system. Gelcoats are used to color and to improve surface properties of the rotor blade of the wind turbine of the composite to which it is applied like corrosion resistance, water resistance, heat resistance, and appearance.

Global Wind Energy Gelcoat Market Overview

Increased use of Gelcoat in the wind energy industry for water protection, anti-corrosion, and anti-weather coats has also aided market growth. The wind is an important renewable energy source, and wind turbine blades are critical components in wind power generation systems. Coatings for wind turbine rotor blades are manufactured and developed using various protective technologies. Manufacturers of wind turbine rotor blades require an in-mold stable Gelcoat as the protective coating for the blades.

Despite the numerous benefits of Gelcoat in wind energy, certain obstacles limit and hinder the overall market’s growth. Many countries are failed the wind installations target in 2020 because to issues such as COVID-19 crises, travel bans, distribution network disruption, and liquidity crunch. But, with the ease in the lockdown protocols and redemption tries of the economies, the market is expected to grow again.

Global Wind Energy Gelcoat Market Segmentation Analysis

The Global Wind Energy Gelcoat Market is Segmented on the basis of Resin Type, And Geography.

Wind Energy Gelcoat Market, By Resin Type

• Vinyl Ester• Polyester• Epoxy• Others

Based on Resin Type, The market is segmented into Polyester, Vinyl Ester, Epoxy, and Others. Polyester resin-based gelcoats held a higher part of the composites market. Polyester resins are less costly and have good corrosion resistance, durability, quick curing, temperature tolerance, and low thermal displacement. Polyester resins applied in gelcoats provide mold and part durability. Traditional gelcoats come in neutral, white, and clear textures while tooling gelcoats come in colors like black and orange.

Wind Energy Gelcoat Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Wind Energy Gelcoat Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Taking into consideration both value and quantity, the North American region’s market is being propelled by the region’s expanding maritime and transportation industries. Some significant Gelcoat manufacturers in the country are HK Research Corporation, Polynt Reichold, Ineos, and Interplactic Corporation.

Due to high economic growth in developing economies, development, and competitiveness of numerous end-user vertical markets in this region, a plentiful supply of raw materials, low-cost labor, increasing end-user, and rising industrialization, Asia-Pacific is expected to continue to experience significant gains throughout the forecast timeframe and register the maximum CAGR. Also present in this region are prominent gelcoat manufacturers such as Vikram Resins & Polymers and Satyen Polymers.

Key Players

The “Global Wind Energy Gelcoat Market” study report will provide valuable insight with an emphasis on the global market including some of the major players in the market are HK Research Corporation, Scott Bader, Ineos, Bufa Composite Systems Gmbh, Allnex, Alpha Owens Corning, Polynt Reichold, Turkuaz Polyester, Poliya Composites Resins and Polymers, and Interplastic Corportion. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• February 2020 – Polynt Composites Turkey, a wholly-owned subsidiary of The Polynt Group, was established in February 2020. This advancement aided the company’s expansion of its Gelcoat industry in Turkey.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.