From GlobeNewswire: 2024-05-14 14:00:00

The Global Gelcoat Market is projected to grow from USD 1.28 billion in 2023 to USD 4.42 billion by 2033, with a CAGR of 13.1%. Gelcoats are surface coatings used in fiberglass composite manufacturing for various industries. Polyester gelcoats are widely used due to their properties like resistance to water, UV degradation, and corrosion.

Polyester resin-based gelcoats are expected to lead the market growth, offering benefits like affordability, durability, and resistance to rust. The marine industry segment is projected to grow rapidly, driven by the need to protect boats from marine environments. Asia Pacific is anticipated to hold the largest market share, with a focus on environmental-friendly gelcoat products.

Europe is expected to see significant growth in the gelcoat market, particularly in the marine sector. Major vendors in the market include Aditya Birla Group Chemicals, Huntsman International LLC, and BASF SE. Recent developments include a partnership between INEOS Vehicle and BASF’s Coatings division to enhance vehicle refinishing and paint technology globally. The market is segmented by resin type and end-users, with North America, Europe, and Asia Pacific leading regional analysis.



Read more at GlobeNewswire: Global Gelcoat Market Size To Worth USD 4.42 Billion By