Gelcoat Market was valued at USD 1.49 Bn in 2024, and total global Gelcoat Market revenue is expected to grow at a CAGR of 8.8% and reach nearly USD 2.93 Bn from 2025-2032 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.To 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 was the largest resin used for gelcoat manufacturing in 2024. 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. Based on End User Industry, the marine end-user segment accounted for the largest share of the gelcoat market in 2024 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.Gelcoat Market Scope: Inquire before buying
Gelcoat Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 1.49 Bn. Forecast Period 2025 to 2032 CAGR: 8.8% Market Size in 2032: USD 2.93 Bn Segments Covered: by Resin Type Polyester Vinyl Ester Epoxy Others by Application Spray Gelcoats Brush Gelcoats by End Use Industry Marine Industry Aviation & Transportation Industry Wind Energy Sanitary Waves Others Gelcoat Market, 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 CompositesFrequently Asked Questions:
1. Which region has the largest share in Global Gelcoat Market? Ans: Asia Pacific region held the highest share in 2024. 2. What was the Global Gelcoat Market size in 2024? Ans: The Global Gelcoat Market size was USD 1.49 Billion in 2024. 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 2024 to 2032.
1. Gelcoat Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Gelcoat Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Business Segment 2.3.3. End-user Segment 2.3.4. Revenue (2024) 2.3.5. Company Locations 2.4. Leading Gelcoat Market Companies, by market capitalization 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 3. Gelcoat Market: Dynamics 3.1. Gelcoat Market Trends by Region 3.1.1. North America Gelcoat Market Trends 3.1.2. Europe Gelcoat Market Trends 3.1.3. Asia Pacific Gelcoat Market Trends 3.1.4. Middle East and Africa Gelcoat Market Trends 3.1.5. South America Gelcoat Market Trends 3.2. Gelcoat Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Gelcoat Market Drivers 3.2.1.2. North America Gelcoat Market Restraints 3.2.1.3. North America Gelcoat Market Opportunities 3.2.1.4. North America Gelcoat Market Challenges 3.2.2. Europe 3.2.2.1. Europe Gelcoat Market Drivers 3.2.2.2. Europe Gelcoat Market Restraints 3.2.2.3. Europe Gelcoat Market Opportunities 3.2.2.4. Europe Gelcoat Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Gelcoat Market Drivers 3.2.3.2. Asia Pacific Gelcoat Market Restraints 3.2.3.3. Asia Pacific Gelcoat Market Opportunities 3.2.3.4. Asia Pacific Gelcoat Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Gelcoat Market Drivers 3.2.4.2. Middle East and Africa Gelcoat Market Restraints 3.2.4.3. Middle East and Africa Gelcoat Market Opportunities 3.2.4.4. Middle East and Africa Gelcoat Market Challenges 3.2.5. South America 3.2.5.1. South America Gelcoat Market Drivers 3.2.5.2. South America Gelcoat Market Restraints 3.2.5.3. South America Gelcoat Market Opportunities 3.2.5.4. South America Gelcoat Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Technology Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis For Gelcoat Industry 3.8. Analysis of Government Schemes and Initiatives For Gelcoat Industry 3.9. Gelcoat Market Trade Analysis 3.10. The Global Pandemic Impact on Gelcoat Market 4. Gelcoat Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2024-2032 4.1. Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 4.1.1. Polyester 4.1.2. Vinyl Ester 4.1.3. Epoxy 4.1.4. Others 4.2. Gelcoat Market Size and Forecast, by Application (2024-2032) 4.2.1. Spray Gelcoats 4.2.2. Brush Gelcoats 4.3. Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 4.3.1. Marine Industry 4.3.2. Aviation & Transportation Industry 4.3.3. Wind Energy 4.3.4. Sanitary Waves 4.3.5. Others 4.4. Gelcoat Market Size and Forecast, by Region (2024-2032) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Gelcoat Market Size and Forecast by Segmentation (by Value in USD Million) 2024-2032 5.1. North America Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 5.1.1. Polyester 5.1.2. Vinyl Ester 5.1.3. Epoxy 5.1.4. Others 5.2. North America Gelcoat Market Size and Forecast, by Application (2024-2032) 5.2.1. Spray Gelcoats 5.2.2. Brush Gelcoats 5.3. North America Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 5.3.1. Marine Industry 5.3.2. Aviation & Transportation Industry 5.3.3. Wind Energy 5.3.4. Sanitary Waves 5.3.5. Others 5.4. North America Gelcoat Market Size and Forecast, by Country (2024-2032) 5.4.1. United States 5.4.1.1. United States Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 5.4.1.1.1. Polyester 5.4.1.1.2. Vinyl Ester 5.4.1.1.3. Epoxy 5.4.1.1.4. Others 5.4.1.2. United States Gelcoat Market Size and Forecast, by Application (2024-2032) 5.4.1.2.1. Spray Gelcoats 5.4.1.2.2. Brush Gelcoats 5.4.1.3. United States Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 5.4.1.3.1. Marine Industry 5.4.1.3.2. Aviation & Transportation Industry 5.4.1.3.3. Wind Energy 5.4.1.3.4. Sanitary Waves 5.4.1.3.5. Others 5.4.2. Canada 5.4.2.1. Canada Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 5.4.2.1.1. Polyester 5.4.2.1.2. Vinyl Ester 5.4.2.1.3. Epoxy 5.4.2.1.4. Others 5.4.2.2. Canada Gelcoat Market Size and Forecast, by Application (2024-2032) 5.4.2.2.1. Spray Gelcoats 5.4.2.2.2. Brush Gelcoats 5.4.2.3. Canada Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 5.4.2.3.1. Marine Industry 5.4.2.3.2. Aviation & Transportation Industry 5.4.2.3.3. Wind Energy 5.4.2.3.4. Sanitary Waves 5.4.2.3.5. Others 5.4.3. Mexico 5.4.3.1. Mexico Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 5.4.3.1.1. Polyester 5.4.3.1.2. Vinyl Ester 5.4.3.1.3. Epoxy 5.4.3.1.4. Others 5.4.3.2. Mexico Gelcoat Market Size and Forecast, by Application (2024-2032) 5.4.3.2.1. Spray Gelcoats 5.4.3.2.2. Brush Gelcoats 5.4.3.3. Mexico Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 5.4.3.3.1. Marine Industry 5.4.3.3.2. Aviation & Transportation Industry 5.4.3.3.3. Wind Energy 5.4.3.3.4. Sanitary Waves 5.4.3.3.5. Others 6. Europe Gelcoat Market Size and Forecast by Segmentation (by Value in USD Million) 2024-2032 6.1. Europe Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.2. Europe Gelcoat Market Size and Forecast, by Application (2024-2032) 6.3. Europe Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4. Europe Gelcoat Market Size and Forecast, by Country (2024-2032) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.1.2. United Kingdom Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.1.3. United Kingdom Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.2. France 6.4.2.1. France Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.2.2. France Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.2.3. France Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.3. Germany 6.4.3.1. Germany Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.3.2. Germany Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.3.3. Germany Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.4. Italy 6.4.4.1. Italy Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.4.2. Italy Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.4.3. Italy Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.5. Spain 6.4.5.1. Spain Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.5.2. Spain Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.5.3. Spain Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.6. Sweden 6.4.6.1. Sweden Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.6.2. Sweden Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.6.3. Sweden Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.7. Austria 6.4.7.1. Austria Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.7.2. Austria Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.7.3. Austria Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 6.4.8.2. Rest of Europe Gelcoat Market Size and Forecast, by Application (2024-2032) 6.4.8.3. Rest of Europe Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7. Asia Pacific Gelcoat Market Size and Forecast by Segmentation (by Value in USD Million) 2024-2032 7.1. Asia Pacific Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.2. Asia Pacific Gelcoat Market Size and Forecast, by Application (2024-2032) 7.3. Asia Pacific Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4. Asia Pacific Gelcoat Market Size and Forecast, by Country (2024-2032) 7.4.1. China 7.4.1.1. China Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.1.2. China Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.1.3. China Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.2. S Korea 7.4.2.1. S Korea Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.2.2. S Korea Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.2.3. S Korea Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.3. Japan 7.4.3.1. Japan Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.3.2. Japan Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.3.3. Japan Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.4. India 7.4.4.1. India Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.4.2. India Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.4.3. India Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.5. Australia 7.4.5.1. Australia Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.5.2. Australia Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.5.3. Australia Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.6. Indonesia 7.4.6.1. Indonesia Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.6.2. Indonesia Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.6.3. Indonesia Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.7. Malaysia 7.4.7.1. Malaysia Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.7.2. Malaysia Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.7.3. Malaysia Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.8. Vietnam 7.4.8.1. Vietnam Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.8.2. Vietnam Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.8.3. Vietnam Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.9. Taiwan 7.4.9.1. Taiwan Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.9.2. Taiwan Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.9.3. Taiwan Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 7.4.10. Rest of Asia Pacific 7.4.10.1. Rest of Asia Pacific Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 7.4.10.2. Rest of Asia Pacific Gelcoat Market Size and Forecast, by Application (2024-2032) 7.4.10.3. Rest of Asia Pacific Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 8. Middle East and Africa Gelcoat Market Size and Forecast by Segmentation (by Value in USD Million) 2024-2032 8.1. Middle East and Africa Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 8.2. Middle East and Africa Gelcoat Market Size and Forecast, by Application (2024-2032) 8.3. Middle East and Africa Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 8.4. Middle East and Africa Gelcoat Market Size and Forecast, by Country (2024-2032) 8.4.1. South Africa 8.4.1.1. South Africa Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 8.4.1.2. South Africa Gelcoat Market Size and Forecast, by Application (2024-2032) 8.4.1.3. South Africa Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 8.4.2. GCC 8.4.2.1. GCC Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 8.4.2.2. GCC Gelcoat Market Size and Forecast, by Application (2024-2032) 8.4.2.3. GCC Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 8.4.3. Nigeria 8.4.3.1. Nigeria Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 8.4.3.2. Nigeria Gelcoat Market Size and Forecast, by Application (2024-2032) 8.4.3.3. Nigeria Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 8.4.4.2. Rest of ME&A Gelcoat Market Size and Forecast, by Application (2024-2032) 8.4.4.3. Rest of ME&A Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 9. South America Gelcoat Market Size and Forecast by Segmentation (by Value in USD Million) 2024-2032 9.1. South America Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 9.2. South America Gelcoat Market Size and Forecast, by Application (2024-2032) 9.3. South America Gelcoat Market Size and Forecast, by End Use Industry(2024-2032) 9.4. South America Gelcoat Market Size and Forecast, by Country (2024-2032) 9.4.1. Brazil 9.4.1.1. Brazil Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 9.4.1.2. Brazil Gelcoat Market Size and Forecast, by Application (2024-2032) 9.4.1.3. Brazil Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 9.4.2. Argentina 9.4.2.1. Argentina Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 9.4.2.2. Argentina Gelcoat Market Size and Forecast, by Application (2024-2032) 9.4.2.3. Argentina Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Gelcoat Market Size and Forecast, by Resin Type (2024-2032) 9.4.3.2. Rest Of South America Gelcoat Market Size and Forecast, by Application (2024-2032) 9.4.3.3. Rest Of South America Gelcoat Market Size and Forecast, by End Use Industry (2024-2032) 10. Company Profile: Key Players 10.1. Ineos Enterprise, 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Bufa Composite Systems GmbH, 10.3. HK Research Corporation 10.4. Allnex 10.5. Scott Bader Company 10.6. Poliya Composites Resins and Polymer 10.7. Interplastic Corporation 10.8. Alpha Owens Corning (AOC) Aliancys 10.9. Polynt-Reichhold Group 10.10. Turkuaz Polyester 10.11. Synergys Technologies 10.12. Bang and Bonsomer 10.13. Ashland 10.14. Reichhold LLC 10.15. Nuplex Industries Ltd 10.16. CCP Composites 11. Key Findings 12. Industry Recommendations 13. Gelcoat Market: Research Methodology 14. Terms and Glossary
