North America Gelcoat Market: By Resin Type (Vinyl Ester, Polyester, Epoxy and Others), By End User (Wind Energy, Transportation, Marine, Construction, Aerospace and Others), and Country

North America Gelcoat Market size was valued at US$ x billion in 2023, growing at a CAGR of x% during 2024-2030. North America gelcoat market report gives comprehensive outlook on gelcoat across the globe with special emphasis on key countries such as U.S and Canada. The report on North America gelcoat market gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, end user and region. 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, North America is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of growth in the end use industries. The North America 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. 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.