Market Insights
Gelcoat market is likely to witness a healthy CAGR of 3.4% during the forecast period. The major factor contributing to the demand for gelcoats is the growing use of composite materials in different industries and exceptional properties of gelcoat, such as UV protection, better surface appearance, etc.
Gelcoat Market - Snapshot
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Growth
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3.4% for the next five years
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Major Resin Type
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Polyester Resin
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Dominant Application Type
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Marine
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Region with the highest demand
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Asia-Pacific
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Key Players
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Ineos Enterprise, Bufa Composite Systems GmbH, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymers, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys, Polynt-Reichhold Group, Turkuaz Polyester
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Segments' Analysis

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Gelcoat Market Share: By Resin Type
Based on the resin type, the market is segmented as polyester, vinyl ester, epoxy, and others. The polyester segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The key driver for the dominance of this segment is due to its properties such as resistance to water and chemicals and low shrinkage.
Gelcoat Market Share: By End-Use Industry Type
Based on the end-use industry type, the gelcoat market is segmented as marine, transportation, construction, wind energy, and others. The marine segment dominates the market as use of fiber-reinforced plastics increases the usage of gelcoat in the marine industry as it improves the aesthetic quality of fiberglass products and provides corrosion resistance to structural layered materials and their applications in the marine industry, such as yachts, boat hulls, boat decks, and hatches, which are propelling the growth of the segment during the forecast period.
Gelcoat Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for gelcoats during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the booming transportation and construction industries, also this region has presence of major gelcoat manufacturers such as Satyen Polymers and Vikram Resins and Polymers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation
Gelcoat is one of the major ingredients for providing finishing touch on the fibre-reinforced composite. It is cured to form crosslinked polymers and is backed with thermoset polymer matrix composites.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Gelcoat Market Research Report - Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The gelcoat market is segmented into the following categories:
Gelcoat Market Size, Share, & Forecast, by Resin Type:
- Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Vinyl Ester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Gelcoat Market Size, Share, & Forecast, by End-Use Industry Type:
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Gelcoat Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the resin types by end use industry type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.