Global Gelcoat Market

Global Gelcoat Market Size, Trends & Analysis - Forecasts To 2026 By Resin Type (Vinyl Ester, Polyester, Epoxy), By End-Use Industry (Wind Energy, Transportation, Marine, Construction, Others), By Region (North America, Europe, Asia Pacific and Rest of the World), Vendor Landscape, End User Landscape and Company Market Share Analysis & -Competitor Analysis

Category Chemicals & Advanced Material
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This report was recently updated on May 22 2024 with the latest and most recent market numbers

Gelcoat Market Insights

The global gelcoat market is estimated to witness a significant CAGR during the forecast period (2020-2026). Gelcoat is a material used to ensure superior finishing on a fibre-reinforced composite surface used to cover structural laminates. Such coats offer various properties, such as resistance to corrosion, UV degradation and water absorption. The growing demand for gelcoat in transportation industry along with growing wind energy industry are some of the major factors expected to propel the market growth during the forecast period. Growing use of fiber reinforced components contributing to demand for gelcoat is also driving the market growth. The demand for gelcoat is also due to their blister and water resistance properties. However, due to the global slowdown and cracking of gelcoat; are factors restraining the market growth.

Gelcoat Market

Gelcoat Market:  Bye Resin Type

Based on the resin type, the market is segmented into polyester, vinyl ester, and epoxy among others. The polyester gelcoat segment is expected to hold the largest market share during the forecast period due to the growing demand for polyester resin which could be attributed to their high usage in textiles, high density, water resistance properties and transparency. Polyester resin is economical and has wide use in low stress and non-structural applications. Furthermore, epoxy resin is expected to grow at a high CAGR during the forecast period. They are versatile, used in art and craft projects, can also be used in soil sealing in living spaces, waterproof sealants for garage floors, synthetic resin for topcoat or gelcoat for boat building or as resin shelves for shower trays which leads to an increase in demand for epoxy resin market growth.

Gelcoat Market: By End Use

Based on the end use, the market is segmented into marine, transportation, wind energy, and construction, among others. The marine industry is expected to hold the largest market share in terms of revenue and volume during the forecast period. Among the type, polyester resin is widely used in marine industry. Dinghies, yachts and workboats make use of polyester resin. Their high-water resistant property leads to high usage and demand in the marine industry. Furthermore, the construction industry is expected to grow at a high CAGR during the forecast period. Shelter works use gelcoat to manufacture buildings and provide protective barriers that improve the building's life, add visual appeal and provide long-lasting durability and maintenance-free.

Gelcoat Market

Gelcoat Market: By Region

Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. North America region is expected to hold the largest market share during the forecast period. The region’s wind energy contributes to employment, is the largest source of renewable energy and is growing at an expansive rate which further contributes to the demand for the gelcoat material. The Asia-Pacific region is expected to grow at a high CAGR during the forecast period due to growth in the building & construction industry. China is APAC's largest gelcoat sector, and the transportation and construction industries currently account for a major market share. Furthermore, the Middle East and Africa region is expected to dominate the market during the forecast period. The wind power capacity is on the surge in the region and with rollout of new transportation policies; is expected to propel the market demand in the region.

Gelcoat Market Share and Competitor analysis

Some of the key players operating in the gelcoat market include: Ineos Enterprise, Allnex, Scott Bader Company, Poliya Composites Resins And Polymers, Bufa Composite Systems Gmbh, Hk Research Corporation, Polynt-Reichhold Group, Turkuaz Polyester, Sika Advanced Resins, GRM Systems S.R.O., Eternal Synthetic Resins (Changsu) Co., Ltd., Interplastic Corporation, Alpha Owens-Corning (Aoc) Aliancys, Resoltech, Zhejiang Leader Composite Co., Ltd., Changzhou Huake Polymers Co., Ltd., Satyen Polymers, Vikram Resins And Polymers, Mader Group, and Jiangsu Fullmark Chemicals Co. Ltd. China among others.

Please note: This is not an exhaustive list of companies profiled in the report.

  • In April 2020, Powdura ECO Hybrid Coatings was released by the General industrial Coatings division of Sherwin- Williams
  • In February 2020, The Polynt Group announced that it is going to establish its fully owned subsidiary by name Polynt Composites Turkey. This development will help the company to expand its gelcoat business in Turkey

Check the Press Release on Global Gelcoat Market Report

Gelcoat Market: By Resin Type

  1. Introduction 
    1. Gelcoat Market, By Resin Type, 2020-2026 (USD Million)          
  2. Vinyl Ester    
    1. Vinyl Ester: Gelcoat Market, 2020-2026 (USD Million)
  3. Polyester      
    1. Polyester: Gelcoat Market, 2020-2026 (USD Million)
  4. Epoxy
    1. Epoxy: Gelcoat Market, 2020-2026 (USD Million)
  5. Others           
    1. Others: Gelcoat Market, 2020-2026 (USD Million)

Gelcoat Market: By End-Use Industry

  1. Introduction
    1. Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)
  2. Wind Energy
    1. Wind Energy: Gelcoat Market, 2020-2026 (USD Million)
  3. Transportation        
    1. Transportation: Gelcoat Market, 2020-2026 (USD Million)
  4. Construction
    1. Construction: Gelcoat Market, 2020-2026 (USD Million)
  5. Marine          
    1. Marine: Gelcoat Market, 2020-2026 (USD Million)
  6. Others           
    1. Others: Gelcoat Market, 2020-2026 (USD Million)

Gelcoat Market: By Region

  1. Introduction 
    1. Global Gelcoat Market, By Region, 2020-2026 (USD Million)     
  2. North America         
    1. By Resin Type
      1. North America Gelcoat Market, By Resin Type, 2020-2026 (USD Million)
    2. By End-Use Industry 
      1. North America Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)      
    3. By Country     
      1. U.S     
        1. By Resin Type
          1. U.S Gelcoat Market, By Resin Type, 2020-2026 (USD Million)    
        2. By End-Use Industry 
          1. U.S Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)  
      2. Canada          
        1. By Resin Type
          1. Canada Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. Canada Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million) 
      3. Mexico           
        1. By Resin Type
          1. Mexico Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. Mexico Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million) 
  3. Europe          
    1. By Resin Type
      1. Europe Gelcoat Market, By Resin Type, 2020-2026 (USD Million)         
    2. By End-Use Industry 
      1. Europe Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)           
    3. By Country     
      1. Germany        
        1. By Resin Type
          1. Germany Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. Germany Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million) 
      2. UK      
        1. By Resin Type
          1. UK Gelcoat Market, By Resin Type, 2020-2026 (USD Million)    
        2. By End-Use Industry 
          1. UK Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)  
      3. France
        1. By Resin Type
          1. France Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. France Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)             
      4. Italy    
        1. By Resin Type
          1. Italy Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. Italy Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)  
      5. Rest Of Europe          
        1. By Resin Type
          1. Rest Of Europe Gelcoat Market, By Resin Type, 2020-2026 (USD Million)
        2. By End-Use Industry 
          1. Rest Of Europe Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)   
  4. Asia Pacific  
    1. By Resin Type
      1. Asia Pacific Gelcoat Market, By Resin Type, 2020-2026 (USD Million) 
      2. By End-Use Industry 
        1. Asia Pacific Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)          
      3. By Country     
        1. China 
          1. By Resin Type
            1. China Gelcoat Market, By Resin Type, 2020-2026 (USD Million)
          2. By End-Use Industry 
            1. China Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)    
        2. Japan 
          1. By Resin Type
            1. Japan Gelcoat Market, By Resin Type, 2020-2026 (USD Million)     
          2. By End-Use Industry 
            1. Japan Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)    
        3. India  
          1. By Resin Type
            1. India Gelcoat Market, By Resin Type, 2020-2026 (USD Million) 
          2. By End-Use Industry 
            1. India Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)     
        4. Australia        
          1. By Resin Type
            1. Australia Gelcoat Market, By Resin Type, 2020-2026 (USD Million)     
          2. By End-Use Industry 
            1. Australia Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)                            
        5. Rest of APAC
          1. By Resin Type
            1. Rest of APAC Gelcoat Market, By Resin Type, 2020-2026 (USD Million)    
          2. By End-Use Industry 
            1. Rest of APAC Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)
  5. Middle East & Africa           
    1. By Resin Type
      1. Middle East & Africa Gelcoat Market, By Resin Type, 2020-2026 (USD Million)      
    2. By End-Use Industry 
      1. Middle East & Africa Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)     
    3. By Country     
      1. Saudi Arabia 
        1. By Resin Type
          1. Saudi Arabia Gelcoat Market, By Resin Type, 2020-2026 (USD Million) 
        2. By End-Use Industry 
          1. Saudi Arabia Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)
      2. UAE    
        1. By Resin Type
          1. UAE Gelcoat Market, By Resin Type, 2020-2026 (USD Million)  
        2. By End-Use Industry 
          1. UAE Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)  
  6. Central & South America   
    1. By Resin Type
      1. Central & South America Gelcoat Market, By Resin Type, 2020-2026 (USD Million)      
    2. By End-Use Industry 
      1. Central & South America Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million)     
    3. By Country     
      1. Brazil 
        1. By Resin Type
          1. Brazil Gelcoat Market, By Resin Type, 2020-2026 (USD Million)
        2. By End-Use Industry 
          1. Brazil Gelcoat Market, By End-Use Industry, 2020-2026 (USD Million) 

The global Gelcoat Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Gelcoat Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Gelcoat Market.

Gelcoat Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Gelcoat Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Gelcoat Market

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