Gelcoat companies specialize in the production of gelcoat, a protective and decorative coating applied to the surface of fiberglass-reinforced composites. Gelcoats enhance the appearance and durability of composite materials used in applications such as marine, automotive, and construction. Companies in this sector contribute to the aesthetics and performance of composite products through the development of innovative gelcoat formulations.
April 2023
Entis and Chokwang Paint have partnered to repurpose waste plastic into powder coating materials. Entis declared that for the first time ever, the two businesses will introduce POWLAC PE, a powder coating material created using chemical plastic recycling technology. Entis manufactures and provides Chokwang Paint with the chemically recycled polyester resin ECOCRYL, which is used to create powder coating materials.
Entis developed ECOCRYL, a polyester resin for powder coating that has the same physical characteristics as conventional products despite being chemically recycled. A large portion of the industry is concentrated on the fact that Entis and Chokwang Paint are expanding chemical recycling from plastics to the paint industry, thus opening up new possibilities for environmentally friendly paints.
A joint venture called Entis was founded by Allnex and SK Chemicals. With recent success in creating environmentally friendly products like water-based paint for railway cars and bio-UV paint that has recently received certifications both domestically and internationally, Chokwang Paint is presently concentrating on growing its line of business.
Starting with the creation of the POWLAC PE powder coating material, Chokwang Paint intends to extend the use of chemical recycling to a number of POWLAC paints.
August 2023
Switzerland-based Archroma, one of the top companies in the market for sustainable specialty chemicals and solutions for industries like packaging and paper, paints and coatings, and textiles, has successfully completed the acquisition of the Textile Effects division of Huntsman Corporation (Huntsman Textile Effects).
In June, 2023, Scott Bader Australia Pty Ltd., the manufacturer of gelcoats, high-performance resins and adhesives for the Australian market, acquired Summit Composites Pty Ltd. This allows the company to remain competitive in the Australian composites industry over the long term.
In September 2019, Konecranes launched S-series cranes to serve its broad customer portfolio better. The S-series comes with variable speed control for all movements and an adaptive speed range that adjusts maximum lifting speed according to load weight for safer use, among other features that enhance productivity, thereby expanding their product range.
Key Companies in the Gelcoat market include
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Gelcoat Market Highlights:
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