Gelcoat Market Size, Share, Opportunities, And Trends By Resin Type (Polyester, Epoxy, Vinyl Ester, Others), By End-User Industry (Transportation, Construction, Wind Energy, Marine, Others), And By Geography - Forecasts From 2025 To 2030

Description

Gelcoat Market Size:

Gelcoat Market is forecasted to rise at a 11.56% CAGR, reaching USD 2,750.775 million by 2030 from USD 1,592.146 million in 2025.

Gelcoat is a material used primarily in the manufacturing of fiberglass-reinforced composites. It is a specialized material applied to the surface of a composite material to provide a smooth, glossy finish and protect the underlying structure from environmental damage. It is widely used in various industries, including aerospace, automotive, marine, construction, and wind energy. It is used to produce multiple products, such as boats, aircraft, wind turbine blades, swimming pools, and automotive parts. The demand for gelcoat is largely driven by the growing demand for lightweight and high-performance materials in various industries. The increasing demand for fuel-efficient vehicles and renewable energy sources has also led to the adoption of composites, which has driven the demand for gelcoat. The gelcoat market is highly competitive, with many players operating at both global and regional levels. Key players in the industry include Ashland Inc., BASF SE, and Aliancys AG. These companies are investing heavily in research and development to develop new and innovative products to meet the changing needs of their customers.

Gelcoat Market Growth Drivers:

• The gelcoat market is driven by growth in the marine industry and technological advancements in gelcoat manufacturing.

Growth in the marine industry:

The marine industry is a significant consumer of gelcoat, primarily in producing boats and yachts. The increasing popularity of boating and yachting activities, particularly in emerging markets, is expected to drive the growth of the gelcoat market. The National Marine Manufacturers Association (NMMA) reports that the recreational boating industry in the U.S. generated an estimated US$42 billion in sales in 2020, an increase of 9% compared to the previous year.

• Technological advancements and research in gelcoat manufacturing:

Manufacturers of gelcoat are investing heavily in research and development to improve the performance and properties of their products. This has led to the development of new and innovative gelcoat formulations that offer better adhesion, resistance to water, and UV stability. This driver is expected to fuel the growth of the gelcoat market in the future. The U.S. Department of Defense's Defense Advanced Research Projects Agency (DARPA) has invested in developing advanced composite materials, including gelcoat, in improving their performance and durability.

Gelcoat Market Segmentation Analysis:

• The construction segment is expected to witness modest growth over the forecast period. 

The construction industry is one of the major end-use industries for gelcoat, which provides a protective layer and aesthetic finish to surfaces such as walls, floors, and roofs. Gelcoat is widely used in the construction of residential and commercial buildings, as well as in infrastructure projects such as bridges and tunnels. One of the drivers of the gelcoat market in the construction industry is the increasing demand for sustainable and durable construction materials. Gelcoat offer a durable and long-lasting protective layer that can withstand harsh weather conditions, UV rays, and other environmental factors, reducing the need for frequent maintenance and repairs. Moreover, the growing trend of using composites in construction, such as fiberglass reinforced plastic (FRP), is also boosting the demand for gelcoat. Gelcoat is used as the topcoat in FRP composites to provide a smooth and aesthetically pleasing finish while protecting the underlying material from corrosion and damage.

Additionally, the increasing demand for green buildings and energy-efficient construction is driving the use of gelcoat in constructing roofs and walls. Gelcoat can be formulated to reflect sunlight and reduce heat absorption, helping to reduce energy costs and improve energy efficiency.

Gelcoat Market Geographical Outlook:

• North America accounted for a significant share of the global gelcoat market.

Based on geography, the gelcoat market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The North American gelcoat market is expected to witness significant growth during the projected period, driven by the increasing demand for gelcoat in the marine industry. The United States is the largest market for gelcoat in North America due to the presence of many boat and yacht manufacturers in the country. In addition, the use of gelcoat in wind energy applications is also driving market growth in the region. Furthermore, the increasing demand for lightweight materials in the automotive industry is also driving the demand for gelcoat in North America. Gelcoat is used to produce lightweight composite parts for automobiles, providing a smooth and durable finish while reducing the overall weight of the vehicle.

Market Segmentation:

• GELCOAT MARKET BY RESIN TYPE
  • Polyester
  • Vinyl Ester
  • Epoxy
  • Others
• GELCOAT MARKET BY METHOD
  • Spraying
  • Brush & Rolling
• GELCOAT MARKET BY END-USER
  • Marine
  • Aerospace
  • Automotive
  • Energy & Power
  • Building & Construction
  • Others
• GELCOAT MARKET BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. GELCOAT MARKET BY RESIN TYPE
    5.1. Introduction
    5.2. Polyester
    5.3. Vinyl Ester
    5.4. Epoxy
    5.5. Others
6. GELCOAT MARKET BY METHOD
    6.1. Introduction
    6.2. Spraying
    6.3. Brush & Rolling
7. GELCOAT MARKET BY END-USER
    7.1. Introduction
    7.2. Marine
    7.3. Aerospace
    7.4. Automotive
    7.5. Energy & Power
    7.6. Building & Construction
    7.7. Others
8. GELCOAT MARKET BY GEOGRAPHY
    8.1. Introduction
    8.2. North America
        8.2.1. USA
        8.2.2. Canada
        8.2.3. Mexico
    8.3. South America
        8.3.1. Brazil
        8.3.2. Argentina
        8.3.3. Others
    8.4. Europe
        8.4.1. Germany
        8.4.2. France
        8.4.3. United Kingdom
        8.4.4. Spain
        8.4.5. Others
    8.5. Middle East and Africa
        8.5.1. Saudi Arabia
        8.5.2. UAE
        8.5.3. Israel
        8.5.4. Others
    8.6. Asia Pacific
        8.6.1. China
        8.6.2. India
        8.6.3. Japan
        8.6.4. South Korea
        8.6.5. Indonesia
        8.6.6. Thailand
        8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
    9.1. Major Players and Strategy Analysis
    9.2. Market Share Analysis
    9.3. Mergers, Acquisitions, Agreements, and Collaborations
    9.4. Competitive Dashboard
10. COMPANY PROFILES
    10.1. INEOS Group
    10.2. BÜFA Composite Systems GmbH & Co. KG
    10.3. HK Research Corporation
    10.4. Allnex GMBH
    10.5. Scott Bader Company Ltd
    10.6. Poliya
    10.7. Interplastic Corporation
    10.8. AOC
    10.9. Polynt S.p.A.
    10.10. TURKUAZ POLYESTER
    10.11. Ashland Inc
    10.12. Akzo Nobel N.V.
11. APPENDIX
    11.1. Currency
    11.2. Assumptions
    11.3. Base and Forecast Years Timeline
    11.4. Key benefits for the stakeholders
    11.5. Research Methodology
    11.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

INEOS Group

BÜFA Composite Systems GmbH & Co. KG

HK Research Corporation

Allnex GMBH

Scott Bader Company Ltd

Poliya

Interplastic Corporation

AOC

Polynt S.p.A

TURKUAZ POLYESTER

Ashland Inc

Akzo Nobel N.V

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