Gelcoat Market: By Product Type (Mold Gelcoat, Air-Drying Gelcoat, Transparent Gelcoat), By Resin Type (Vinyl Ester, Polyester, Epoxy and Others), By End User (Wind Energy, Transportation, Marine, Construction, Aerospace and Others), and By Geography

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The gelcoat market size was valued at USD 1.36 billion in 2022 and expected to reach USD 2.06 billion by 2029, at a CAGR of 7.8% during the forecast period 2023-2029. 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. The gelcoat market is expanding as a result of the rise in the special qualities of Gelcoat, its extensive usage in the transportation sector, the use of composites, and the expansion of the wind energy sector. The market is comprehensively evaluated in the study on the global gelcoat market. A fiber-reinforced composite's visible surface has a high-quality finish called gelcoat. Modified resins called gelcoats are applied to molds while still liquid. The surface of the reinforced plastic substrate with the gel coating appears glossy after curing and offers outstanding features like flexibility, stiffness, strength, chemical resistance, corrosion resistance, weather resistance, and UV resistance. The distinctive qualities of Gelcoat are the main drivers of market expansion. The extremely viscous Gelcoat behaves thixotropically and adheres to the surface. The viscosity needs to be low enough to allow the coating material to be applied to the surface and suitable enough to cling to it for the duration of the curing process. 

Global Gelcoat Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.8%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Gelcoat Market Dynamics

The global 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.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.

Key Features of the Reports

  • The gelcoat market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Gelcoat Market Segmentation

By Product Type
  • Mold Gelcoat
  • Air-Drying Gelcoat
  • Transparent Gelcoat
By Resin Type
  • Vinyl Ester
  • Polyester
  • Epoxy
  • Others
By End User
  • Aerospace and Defense
  • Wind Energy
  • Transportation
  • Marine
  • Construction
  • Aerospace
  • Others

Frequently Asked Questions

The gelcoat market size was valued at USD 1.36 billion in 2022

The gelcoat market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

North America is the fastest-growing for feed mycotoxin detoxifiers market

1. Executive Summary
2. Global Gelcoat Market Introduction
2.1. Global Gelcoat Market Taxonomy
2.2. Global Gelcoat Market Definitions
2.2.1. Product Type
2.2.2. Resin Type
2.2.3. End User
3. Global Gelcoat Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Gelcoat Market Dynamic Factors - Impact Analysis
3.6. Global Gelcoat Market Competition Landscape
4. Global Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Gelcoat Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
5.1. Mold Gelcoat
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Air-Drying Gelcoat
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Transparent Gelcoat
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Gelcoat Market Forecast, By Resin Type, 2018 - 2022 and Forecast, 2023 - 2029
6.1. Epoxy
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Polyester
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Vinyl ester
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Gelcoat Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029
7.1. Marine
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Transportation
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Construction
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Wind energy
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Gelcoat Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Region, 2023 - 2029
9. North America Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
9.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Mold Gelcoat
9.1.2. Air-Drying Gelcoat
9.1.3. Transparent Gelcoat
9.2. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Epoxy
9.2.2. Polyester
9.2.3. Vinyl ester
9.2.4. Others
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Marine
9.3.2. Transportation
9.3.3. Construction
9.3.4. Wind energy
9.3.5. Others
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Country, 2023 - 2029
9.6. North America Gelcoat Market Dynamics Trends
10. Europe Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
10.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Mold Gelcoat
10.1.2. Air-Drying Gelcoat
10.1.3. Transparent Gelcoat
10.2. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Epoxy
10.2.2. Polyester
10.2.3. Vinyl ester
10.2.4. Others
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Marine
10.3.2. Transportation
10.3.3. Construction
10.3.4. Wind energy
10.3.5. Others
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Country, 2023 - 2029
10.6. Europe Gelcoat Market Dynamics Trends
11. Asia-Pacific Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
11.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Mold Gelcoat
11.1.2. Air-Drying Gelcoat
11.1.3. Transparent Gelcoat
11.2. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Epoxy
11.2.2. Polyester
11.2.3. Vinyl ester
11.2.4. Others
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Marine
11.3.2. Transportation
11.3.3. Construction
11.3.4. Wind energy
11.3.5. Others
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Country, 2023 - 2029
11.6. Asia-Pacific Gelcoat Market Dynamics Trends
12. Latin America Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
12.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Mold Gelcoat
12.1.2. Air-Drying Gelcoat
12.1.3. Transparent Gelcoat
12.2. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Epoxy
12.2.2. Polyester
12.2.3. Vinyl ester
12.2.4. Others
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Marine
12.3.2. Transportation
12.3.3. Construction
12.3.4. Wind energy
12.3.5. Others
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Country, 2023 - 2029
12.6. Latin America Gelcoat Market Dynamics Trends
13. Middle East and Africa Gelcoat Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 ((Revenue, USD Mn) and Volume (tonnes))
13.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Mold Gelcoat
13.1.2. Air-Drying Gelcoat
13.1.3. Transparent Gelcoat
13.2. Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Epoxy
13.2.2. Polyester
13.2.3. Vinyl ester
13.2.4. Others
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Marine
13.3.2. Transportation
13.3.3. Construction
13.3.4. Wind energy
13.3.5. Others
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Gelcoat Market - Opportunity Analysis Index, By Product Type, Resin Type, End User, and Country, 2023 - 2029
13.6. MEA Gelcoat Market Dynamics Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Resin Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Allnex
14.2.2. Scott Bader Company
14.2.3. Bufa Composite Systems GmbH
14.2.4. Poliya Composites Resins and Polymers
14.2.5. Ineos Enterprise
14.2.6. Interplastic Corporation
14.2.7. HK Research Corporation
14.2.8. Polynt-Reichhold Group
14.2.9. Alpha Owens Corning (AOC) Aliancys
14.2.10. Turkuaz Polyester.
15. Research Methodology
16. Key Assumptions and Acronyms
  • 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)

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