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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Asia Pacific Gelcoat Market Size, Share, Growth, Trends and Industry Analysis: By Resin Type, By End User, and Country Forecast 2020-2031
Asia Pacific Gelcoat Market size was valued at US$ 287.78 million in 2024 and is expected to reach US$ 689.72 million by 2031, growing at a significant CAGR of 13.3% from 2025-2031. Some of the key factors influencing the market growth include increase in demand for gelcoat in the transportation industry, high growth in emerging economies, rise in applications in end user industries and growing demand for low-styrene emission gelcoat. In addition, APAC is a key gelcoat market. The booming transportation and construction industries are responsible for the growth of the gelcoat market in the region. Gelcoat are used on engine parts and other automobile parts to increase fuel efficiency and reduce weight.
The prominent companies are focusing more on lightweight vehicles particularly in transportation industry which includes railways, ships and buses to increase the use of gelcoat in transportation industry. One of the challenge of gel coat is that there are usually only a limited number of colors that can be used. On top of this, it is comparatively more difficult to work with gel coat in making custom graphics or images on the boat surface. The biggest disadvantage of gel coat is that it is very labor-intensive. The market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2017, Bang and Bonsomer launched a new gelcoat manufacturing unit at Kokkola site in Finland.
This unit manufactures the highly valued Polycor gelcoats. This investment is expected to help the company establish its footprints in Finland and diversify its business. This report gives comprehensive outlook on gelcoat across the globe with special emphasis on key countries such as Japan, China, India, Australia & New Zealand, ASEAN, South Korea and Rest of Asia-Pacific. This report gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, end user and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Study Period
2024– 2030Base Year
N/ACAGR
x%Largest Market
N/AFastest Growing Market
N/A
The Asia Pacific gelcoat market is growing owing to rise in applications in end user industries such as marine, constructions, wind and transportation. Growing use of polyester resin in marine, wind and transportation industry due to its excellent UV degradation compared to vinyl ester and epoxy resin has boosted the polyester resin gelcoat demand over the forecasted period. Gelcoats are widely used in producing marine products such as decks, ship hulls, motor yachts and power boats which need protective coatings to witnessed impact of water tides.
Rise in demand for trading and increase in spending of high class people in boats for leisure has pushed the growth of marine industry along with rise in demand for gelcoat. Vinyl ester resin holds as comparative growth rate owing to use in marine industry. Gelcoat are used on engine parts and other automobile parts to increase fuel efficiency and reduce weight. The prominent companies are focusing more on lightweight vehicles particularly in transportation industry which includes railways, ships and buses to increase the use of gelcoat in transportation industry.
Report Benchmarks |
Details |
Report Study Period |
2024– 2030 |
Market Size in 2024 |
US$ 287.78 million |
Market Size in 2031 |
US$ 689.72 million |
Market CAGR |
x% |
By Resin |
|
By End User |
|
By Country |
|
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The Asia Pacific gelcoat market size was valued at US$ 287.78 million in 2024 and is projected to grow at a significant CAGR of 13.3% from 2025-2031.
Turkuaz Polyester (Turkey) Scott Bader Company (UK) Polynt-Reichhold Group (US) Poliya Composites Resins and Polymers (Turkey) Interplastic Corporation (US) Ineos Enterprise (UK) HK Research Corporation (US) Bufa Composite Systems GmbH (Germany) Alpha Owens Corning (AOC) Aliancys (US) Allnex (Germany)
The report covers the market data: China, India, Japan, Australia & New Zealand
1.Executive Summary |
2. Asia Pacific Gelcoat Market Introduction |
2.1. Asia Pacific Gelcoat Market - Taxonomy |
2.2. Asia Pacific Gelcoat Market - Definitions |
2.2.1.Resin |
2.2.2.End User |
2.2.3.Region |
3. Asia Pacific Gelcoat Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Asia Pacific Gelcoat Market Analysis, 2020 - 2024 and Forecast 2025 -2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Asia Pacific Gelcoat Market By Resin, 2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
5.1. Vinyl Ester |
5.1.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Polyester |
5.2.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Epoxy |
5.3.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Asia Pacific Gelcoat Market By End User, 2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
6.1. Aerospace and Defense |
6.1.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Wind Energy |
6.2.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Transportation |
6.3.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Marine |
6.4.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Construction |
6.5.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Aerospace |
6.6.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7. Asia Pacific Gelcoat Market By Region, 2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
7.1. China |
7.1.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. India |
7.2.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Australia and New Zealand (ANZ) |
7.3.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Japan |
7.4.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Rest of APAC |
7.5.1. Market Analysis, 2020 - 2024 and Forecast 2025 -2031, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.China Gelcoat Market ,2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
8.1. Resin Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Vinyl Ester |
8.1.2.Polyester |
8.1.3.Epoxy |
8.1.4.Others |
8.2. End User Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Aerospace and Defense |
8.2.2.Wind Energy |
8.2.3.Transportation |
8.2.4.Marine |
8.2.5.Construction |
8.2.6.Aerospace |
8.2.7.Others |
8.3. Country Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.India Gelcoat Market ,2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
9.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Vinyl Ester |
9.1.2.Polyester |
9.1.3.Epoxy |
9.1.4.Others |
9.2. End User Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Aerospace and Defense |
9.2.2.Wind Energy |
9.2.3.Transportation |
9.2.4.Marine |
9.2.5.Construction |
9.2.6.Aerospace |
9.2.7.Others |
9.3. Country Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.Australia and New Zealand (ANZ) Gelcoat Market ,2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
10.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Vinyl Ester |
10.1.2.Polyester |
10.1.3.Epoxy |
10.1.4.Others |
10.2. End User Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Aerospace and Defense |
10.2.2.Wind Energy |
10.2.3.Transportation |
10.2.4.Marine |
10.2.5.Construction |
10.2.6.Aerospace |
10.2.7.Others |
10.3. Country Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.Japan Gelcoat Market ,2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
11.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Vinyl Ester |
11.1.2.Polyester |
11.1.3.Epoxy |
11.1.4.Others |
11.2. End User Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Aerospace and Defense |
11.2.2.Wind Energy |
11.2.3.Transportation |
11.2.4.Marine |
11.2.5.Construction |
11.2.6.Aerospace |
11.2.7.Others |
11.3. Country Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.Rest of APAC Gelcoat Market ,2020 - 2024 and Forecast 2025 -2031 (Sales Value USD Million) |
12.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Vinyl Ester |
12.1.2.Polyester |
12.1.3.Epoxy |
12.1.4.Others |
12.2. End User Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Aerospace and Defense |
12.2.2.Wind Energy |
12.2.3.Transportation |
12.2.4.Marine |
12.2.5.Construction |
12.2.6.Aerospace |
12.2.7.Others |
12.3. Country Analysis 2020 - 2024 and Forecast 2025 -2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Turkuaz Polyester (Turkey) |
13.2.2.Scott Bader Company (UK) |
13.2.3.Polynt-Reichhold Group (US) |
13.2.4.Poliya Composites Resins and Polymers (Turkey) |
13.2.5.Interplastic Corporation (US) |
13.2.6.Ineos Enterprise (UK) |
13.2.7.HK Research Corporation (US) |
13.2.8.Bufa Composite Systems GmbH (Germany) |
13.2.9.Alpha Owens Corning (AOC) Aliancys (US) |
13.2.10.Allnex (Germany) |
14. Research Methodology |
15. Appendix and Abbreviations |
Key Market Players