According to the recent study the gelcoat market is projected to reach an estimated $2.5 billion by 2028 from $2.0 billion in 2022, at a CAGR of 4.2% from 2022 to 2028. Growth in this market is primarily driven by growing use of composite materials in different industries and performance benefits of gelcoat, such as UV protection, better surface appearance, etc.
Browse 85 figures / charts and 58 tables in this 141 -page report to understand trends, opportunities and forecast in gelcoat market by end use (wind energy, marine, construction, transportation, tank, and others), resin chemistry (polyester, vinylester, epoxy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Construction market is expected to remain the largest segment during the forecast period.”
Based on end use, the gelcoat market is segmented into wind energy, marine, construction, transportation, tank, and others. Lucintel forecasts that the construction market is expected to remain the largest segment.
“Within the gelcoat market, the polyester segment is expected to remain the largest resin chemistry”
Based on resin chemistry the polyester segment is expected to witness the highest growth over the forecast period due to low cost and usage in wide application area.
“Asia pacific will dominate the gelcoat market in near future”
Asia Pacific is expected to remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing growth in construction end use for the economic expansion in India and China.
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Major players of gelcoat market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Ineos Composites, Scott Bader
Allnex, Bufa Composites Systems GmBH & Co. KG, Polynt Group, HK Research Corporation are among the major gelcoat providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gelcoat-market.aspx or [email protected]