Gelcoat Market – Global Industry Analysis and Forecast (2023-2029)


Gelcoat Market was valued at US$ 1.38 Bn in 2022 and is expected to reach US$ 2.39 Bn by 2029, at a CAGR of 8.08% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Gelcoat Market Definition

Gelcoat is a material used to provide a superior finishing on a surface of a fiber-reinforced composite used to protect structural laminates.Gelcoat MarketTo know about the Research Methodology:-Request Free Sample Report

Dynamics

Isophthalic acid-based resins are used to manufacture gelcoats. The common gelcoat are thermosetting polymers based on epoxy or unsaturated polyester resin. Gelcoats are modified resins that are applied to molds in a liquid state. These coats offer various properties such as corrosion resistance, UV degradation, and water absorption. The selection of isophthalic acid-based resins will increase water retention and blister resistance by gelcoats.

An increase in demand for composites to decrease weight and enhancing fuel efficiency of the transportation systems like railways, autos, and leisure vehicles plays propels the necessity for gelcoats in the transportation industry. These coats are available in brush and spray forms of suitable thickness, so that laminate is not susceptible to any cracking damage with various uses in marine, wind, construction, and transportation industries. Most gelcoats are used in the marine industry.

Gelcoat Market Segment Analysis

Based on resin type, polyester is the largest resin used for gelcoat manufacturing in 2021. Increasing use of polyester resin in the marine, wind, and transportation industry owing to its excellent UV degradation compared to vinyl ester and epoxy resin has boosted the polyester resin gelcoat market over the forecasted period. These resins are less expensive and have properties such as good corrosion resistance, fast curing, durability, tolerance to temperature, and low thermal expansion. Polyester resin holds the largest market during the forecast period, in terms of value and volume.

In terms of the end-user industry, the marine end-user segment accounted for the largest share of the gelcoat market in 2021 and also expected to be dominant throughout the forecast period. According to the National Marine Manufacturers Association, around 95% of powerboats sold in the U.S. are manufactured in the U.S. itself. The German shipbuilding industry has undergone a substantial transformation over the past few decades, first with modernization and privatization of the yards in East Germany during the 1990s, where considerable investment was made to improve the competitiveness of the industry, which resulted in a number of insolvencies in German yards, and significant consolidation.

Gelcoat Market Regional Insights

Geographically, Asia Pacific is expected to be the largest market for Gelcoat during the forecast period, in terms of value and volume. China is now the world’s largest shipbuilder in terms of gross tonnage and value, leaving behind Japan and South Korea. Rapid growth in marine boat safety in countries such as the U.S. and Canada is a foremost factor driving the demand for the global Gelcoat market. Globally, The U.S. is a major consumer of gelcoat.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Gelcoat market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to emerging segments in the Gelcoat market.

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Global Gelcoat Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.38 Bn.




Forecast Period 2023 to 2029 CAGR:
8.08%
Market Size in 2029:
US $ 2.39 Bn.




 Segments Covered:
by Resin Type
Polyester
Vinyl Ester




by End-User
Marine
Transportation
Construction
Wind Energy
Others






by Region:

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Gelcoat Market Key Players:

1. Ineos Enterprise,
2. Bufa Composite Systems GmbH,
3. HK Research Corporation
4. Allnex
5. Scott Bader Company
6. Poliya Composites Resins and Polymer
7. Interplastic Corporation
8. Alpha Owens Corning (AOC) Aliancys
9. Polynt-Reichhold Group
10.Turkuaz Polyester
11.Synergys Technologies
12.Bang and Bonsomer
13.Ashland
14.Reichhold LLC
15.Nuplex Industries Ltd
16.CCP Composites

Frequently Asked Questions:

1. Which region has the largest share in Global Gelcoat Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Gelcoat Market?
Ans: The Global Gelcoat Market is growing at a CAGR of 8.08% during forecasting period 2023-2029.

3. What is scope of the Global Gelcoat market report?
Ans: Global Gelcoat Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Gelcoat market?
Ans: The important key players in the Global Gelcoat Market are – Ineos Enterprise,, Bufa Composite Systems GmbH,, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymer, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys, Polynt-Reichhold Group, Turkuaz Polyester, Synergys Technologies, Bang and Bonsomer, Ashland, Reichhold LLC, Nuplex Industries Ltd, and CCP Composites

5. What is the study period of this market?
Ans: The Global Gelcoat Market is studied from 2022 to 2029. 





Global Gelcoat Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Source
2.3.2. Primary Research
2.3.2.1. Data from Primary Source
2.3.2.2. Breakdown of Primary Source

3. Executive Summary: Global Gelcoat Size, by Market Value (US$ Bn) and Market Volume (Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration

5. Supply Side and Demand Side Indicators

6. Global Gelcoat Market Analysis and Forecast
6.1. Global Gelcoat Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Gelcoat Market Analysis and Forecast, by Resin Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Gelcoat Market Value Share Analysis, by Resin Type
7.4. Global Gelcoat Market Size (US$ Bn) Forecast, by Resin Type
7.5. Global Gelcoat Market Analysis, by Resin Type
7.6. Global Gelcoat Market Attractiveness Analysis, by Resin Type

8. Global Gelcoat Market Analysis and Forecast, by End user
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Gelcoat Market Value Share Analysis, by End user
8.4. Global Gelcoat Market Size (US$ Bn) Forecast, by End user
8.5. Global Gelcoat Market Analysis, by End user
8.6. Global Gelcoat Market Attractiveness Analysis, by End user

9. Global Gelcoat Market Analysis, by Region
9.1. Global Gelcoat Market Value Share Analysis, by Region
9.2. Global Gelcoat Market Size (US$ Bn) Forecast, by Region
9.3. Global Gelcoat Market Attractiveness Analysis, by Region

10. North America Gelcoat Market Analysis
10.1. Key Findings
10.2. North America Gelcoat Market Overview
10.3. North America Gelcoat Market Value Share Analysis, by Resin Type
10.4. North America Gelcoat Market Forecast, by Resin Type
10.4.1. Polyester
10.4.2. Vinyl Ester
10.4.3. Epoxy
10.5. North America Gelcoat Market Value Share Analysis, by End user
10.6. North America Gelcoat Market Forecast, by End user
10.6.1. Marine
10.6.2. Transportations
10.6.3. Construction
10.6.4. Wind Energy
10.6.5. Others
10.7. North America Gelcoat Market Value Share Analysis, by Country
10.8. North America Gelcoat Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Gelcoat Market Analysis, by Country
10.10. U.S. Gelcoat Market Forecast, by Resin Type
10.10.1. Polyester
10.10.2. Vinyl Ester
10.10.3. Epoxy
10.11. U.S. Gelcoat Market Forecast, by End user
10.11.1. Marine
10.11.2. Transportations
10.11.3. Construction
10.11.4. Wind Energy
10.11.5. Others
10.12. Canada Gelcoat Market Forecast, by Resin Type
10.12.1. Polyester
10.12.2. Vinyl Ester
10.12.3. Epoxy
10.13. Canada Gelcoat Market Forecast, by End user
10.13.1. Marine
10.13.2. Transportations
10.13.3. Construction
10.13.4. Wind Energy
10.13.5. Others
10.14. North America Gelcoat Market Attractiveness Analysis
10.14.1. By Resin Type
10.14.2. By End user
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Gelcoat Market Analysis
11.1. Key Findings
11.2. Europe Gelcoat Market Overview
11.3. Europe Gelcoat Market Value Share Analysis, by Resin Type
11.4. Europe Gelcoat Market Forecast, by Resin Type
11.4.1. Polyester
11.4.2. Vinyl Ester
11.4.3. Epoxy
11.5. Europe Gelcoat Market Value Share Analysis, by End user
11.6. Europe Gelcoat Market Forecast, by End user
11.6.1. Marine
11.6.2. Transportations
11.6.3. Construction
11.6.4. Wind Energy
11.6.5. Others
11.7. Europe Gelcoat Market Value Share Analysis, by Country
11.8. Europe Gelcoat Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Gelcoat Market Analysis, by Country
11.10. Germany Gelcoat Market Forecast, by Resin Type
11.10.1. Polyester
11.10.2. Vinyl Ester
11.10.3. Epoxy
11.11. Germany Gelcoat Market Forecast, by End user
11.11.1. Marine
11.11.2. Transportations
11.11.3. Construction
11.11.4. Wind Energy
11.11.5. Others
11.12. U.K. Gelcoat Market Forecast, by Resin Type
11.12.1. Polyester
11.12.2. Vinyl Ester
11.12.3. Epoxy
11.13. U.K. Gelcoat Market Forecast, by End user
11.13.1. Marine
11.13.2. Transportations
11.13.3. Construction
11.13.4. Wind Energy
11.13.5. Others
11.14. France Gelcoat Market Forecast, by Resin Type
11.14.1. Polyester
11.14.2. Vinyl Ester
11.14.3. Epoxy
11.15. France Gelcoat Market Forecast, by End user
11.15.1. Marine
11.15.2. Transportations
11.15.3. Construction
11.15.4. Wind Energy
11.15.5. Others
11.16. Italy Gelcoat Market Forecast, by Resin Type
11.16.1. Polyester
11.16.2. Vinyl Ester
11.16.3. Epoxy
11.17. Italy Gelcoat Market Forecast, by End user
11.17.1. Marine
11.17.2. Transportations
11.17.3. Construction
11.17.4. Wind Energy
11.17.5. Others
11.18. Spain Gelcoat Market Forecast, by Resin Type
11.18.1. Polyester
11.18.2. Vinyl Ester
11.18.3. Epoxy
11.19. Spain Gelcoat Market Forecast, by End user
11.19.1. Marine
11.19.2. Transportations
11.19.3. Construction
11.19.4. Wind Energy
11.19.5. Others
11.20. Rest of Europe Gelcoat Market Forecast, by Resin Type
11.20.1. Polyester
11.20.2. Vinyl Ester
11.20.3. Epoxy
11.21. Rest of Europe Gelcoat Market Forecast, by End user
11.21.1. Marine
11.21.2. Transportations
11.21.3. Construction
11.21.4. Wind Energy
11.21.5. Others
11.22. Europe Gelcoat Market Attractiveness Analysis
11.22.1. By Resin Type
11.22.2. By End user
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Gelcoat Market Analysis
12.1. Key Findings
12.2. Asia Pacific Gelcoat Market Overview
12.3. Asia Pacific Gelcoat Market Value Share Analysis, by Resin Type
12.4. Asia Pacific Gelcoat Market Forecast, by Resin Type
12.4.1. Polyester
12.4.2. Vinyl Ester
12.4.3. Epoxy
12.5. Asia Pacific Gelcoat Market Value Share Analysis, by End user
12.6. Asia Pacific Gelcoat Market Forecast, by End user
12.6.1. Marine
12.6.2. Transportations
12.6.3. Construction
12.6.4. Wind Energy
12.6.5. Others
12.7. Asia Pacific Gelcoat Market Value Share Analysis, by Country
12.8. Asia Pacific Gelcoat Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Gelcoat Market Analysis, by Country
12.10. China Gelcoat market forecast, by Resin Type
12.10.1. Polyester
12.10.2. Vinyl Ester
12.10.3. Epoxy
12.11. China Gelcoat Market Forecast, by End user
12.11.1. Marine
12.11.2. Transportations
12.11.3. Construction
12.11.4. Wind Energy
12.11.5. Others
12.12. India Gelcoat Market Forecast, by Resin Type
12.12.1. Polyester
12.12.2. Vinyl Ester
12.12.3. Epoxy
12.13. India Gelcoat Market Forecast, by End user
12.13.1. Marine
12.13.2. Transportations
12.13.3. Construction
12.13.4. Wind Energy
12.13.5. Others
12.14. Japan Gelcoat Market Forecast, by Resin Type
12.14.1. Polyester
12.14.2. Vinyl Ester
12.14.3. Epoxy
12.15. Japan Gelcoat Market Forecast, by End user
12.15.1. Marine
12.15.2. Transportations
12.15.3. Construction
12.15.4. Wind Energy
12.15.5. Others
12.16. ASEAN Gelcoat Market Forecast, by Resin Type
12.16.1. Polyester
12.16.2. Vinyl Ester
12.16.3. Epoxy
12.17. ASEAN Gelcoat Market Forecast, by End user
12.17.1. Marine
12.17.2. Transportations
12.17.3. Construction
12.17.4. Wind Energy
12.17.5. Others
12.18. Rest of Asia Pacific Gelcoat Market Forecast, by Resin Type
12.18.1. Polyester
12.18.2. Vinyl Ester
12.18.3. Epoxy
12.19. Rest of Asia Pacific Gelcoat Market Forecast, by End user
12.19.1. Marine
12.19.2. Transportations
12.19.3. Construction
12.19.4. Wind Energy
12.19.5. Others
12.20. Asia Pacific Gelcoat Market Attractiveness Analysis
12.20.1. By Resin Type
12.20.2. By End user
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Gelcoat Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Gelcoat Market Overview
13.3. Middle East & Africa Gelcoat Market Value Share Analysis, by Resin Type
13.4. Middle East & Africa Gelcoat Market Forecast, by Resin Type
13.4.1. Polyester
13.4.2. Vinyl Ester
13.4.3. Epoxy
13.5. Middle East & Africa Gelcoat Market Value Share Analysis, by End user
13.6. Middle East & Africa Gelcoat Market Forecast, by End user
13.6.1. Marine
13.6.2. Transportations
13.6.3. Construction
13.6.4. Wind Energy
13.6.5. Others
13.7. Middle East & Africa Gelcoat Market Value Share Analysis, by Country
13.8. Middle East & Africa Gelcoat Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Gelcoat Market Analysis, by Country
13.10. GCC Gelcoat Market Forecast, by Resin Type
13.10.1. Polyester
13.10.2. Vinyl Ester
13.10.3. Epoxy
13.11. GCC Gelcoat Market Forecast, by End user
13.11.1. Marine
13.11.2. Transportations
13.11.3. Construction
13.11.4. Wind Energy
13.11.5. Others
13.12. South Africa Gelcoat Market Forecast, by Resin Type
13.12.1. Polyester
13.12.2. Vinyl Ester
13.12.3. Epoxy
13.13. South Africa Gelcoat Market Forecast, by End user
13.13.1. Marine
13.13.2. Transportations
13.13.3. Construction
13.13.4. Wind Energy
13.13.5. Others
13.14. Rest of Middle East & Africa Gelcoat Market Forecast, by Resin Type
13.14.1. Polyester
13.14.2. Vinyl Ester
13.14.3. Epoxy
13.15. Rest of Middle East & Africa Gelcoat Market Forecast, by End user
13.15.1. Marine
13.15.2. Transportations
13.15.3. Construction
13.15.4. Wind Energy
13.15.5. Others
13.16. Middle East & Africa Gelcoat Market Attractiveness Analysis
13.16.1. By Resin Type
13.16.2. By End user
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Gelcoat Market Analysis
14.1. Key Findings
14.2. South America Gelcoat Market Overview
14.3. South America Gelcoat Market Value Share Analysis, by Resin Type
14.4. South America Gelcoat Market Forecast, by Resin Type
14.4.1. Polyester
14.4.2. Vinyl Ester
14.4.3. Epoxy
14.5. South America Gelcoat Market Value Share Analysis, by End user
14.6. South America Gelcoat Market Forecast, by End user
14.6.1. Marine
14.6.2. Transportations
14.6.3. Construction
14.6.4. Wind Energy
14.6.5. Others
14.7. South America Gelcoat Market Value Share Analysis, by Country
14.8. South America Gelcoat Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Gelcoat Market Analysis, by Country
14.10. Brazil Gelcoat Market Forecast, by Resin Type
14.10.1. Polyester
14.10.2. Vinyl Ester
14.10.3. Epoxy
14.11. Brazil Gelcoat Market Forecast, by End user
14.11.1. Marine
14.11.2. Transportations
14.11.3. Construction
14.11.4. Wind Energy
14.11.5. Others
14.12. Mexico Gelcoat Market Forecast, by Resin Type
14.12.1. Polyester
14.12.2. Vinyl Ester
14.12.3. Epoxy
14.13. Mexico Gelcoat Market Forecast, by End user
14.13.1. Marine
14.13.2. Transportations
14.13.3. Construction
14.13.4. Wind Energy
14.13.5. Others
14.14. Rest of South America Gelcoat Market Forecast, by Resin Type
14.14.1. Polyester
14.14.2. Vinyl Ester
14.14.3. Epoxy
14.15. Rest of South America Gelcoat Market Forecast, by End user
14.15.1. Marine
14.15.2. Transportations
14.15.3. Construction
14.15.4. Wind Energy
14.15.5. Others
14.16. South America Gelcoat Market Attractiveness Analysis
14.16.1. By Resin Type
14.16.2. By End user
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Application and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Application
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Ineos Enterprise
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Manufacturing Footprints
15.3.2. Bufa Composite Systems GmbH,
15.3.3. HK Research Corporation
15.3.4. Allnex
15.3.5. Scott Bader Company
15.3.6. Poliya Composites Resins and Polymer
15.3.7. Interplastic Corporation
15.3.8. Alpha Owens Corning (AOC) Aliancys
15.3.9. Polynt-Reichhold Group
15.3.10. Turkuaz Polyester
15.3.11. Synergys Technologies
15.3.12. Bang and Bonsomer
15.3.13. Ashland
15.3.14. Reichhold LLC
15.3.15. Nuplex Industries Ltd
15.3.16. CCP Composites

16. Primary Key Insights
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