Home Industry Reports Custom Research Blogs About Us Contact us

Gelcoat Market Size & Share, By Resin Type (Polyester, Epoxy, Vinyl Ester, Polyurethane), End-Use Industry (Automotive, Transportation, Construction, Marine, Aerospace), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 2958


Published Date: May-2024


Format : PDF, Excel

Market Outlook:

Gelcoat Market size surpassed USD 1.39 Billion in 2023 and is expected to exceed USD 4.54 Billion by 2032, witnessing more than 13.8% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 1.39 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)


19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 4.54 Billion

19-23 x.x %
24-32 x.x %
Gelcoat Market

Historical Data Period


Gelcoat Market

Largest Region

Asia Pacific

Gelcoat Market

Forecast Period


Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunity:

1. Growing demand from the marine industry: The marine industry is a major end user of gelcoat, used for providing a protective and decorative layer to boats and other watercraft. As the global economy continues to grow and consumer spending on recreational activities increases, the demand for gelcoat in the marine industry is expected to rise steadily.

2. Increasing demand in the wind energy sector: Gelcoat is also widely used in the production of wind turbine blades, providing protection against harsh weather conditions and structural support. With the growing focus on renewable energy and the expansion of the wind energy sector, the demand for gelcoat is likely to increase significantly in the coming years.

3. Growing construction and infrastructure activities: Gelcoat is used in the construction industry for coating various structural elements, such as fiberglass panels and other composite materials. As construction and infrastructure activities continue to witness robust growth, particularly in emerging economies, the demand for gelcoat is expected to rise.

4. Advancements in product innovation and technology: The gelcoat market is expected to benefit from continuous advancements in product innovation and technology. Manufacturers are investing in research and development to develop new formulations that offer improved performance, durability, and aesthetics, driving the growth of the market.

Report Scope

Report CoverageDetails
Segments CoveredResin Type, End-Use Industry
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAOC Resins, Ashland, Akzo Novel N.V., BUFA & Co. KG, CCP Composites, HK Research, Interplastic, Lantor BV, Marcoat, Nuplex Industries, Reichhold LLC, Scott Bader Company., Sika AG

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

Industry Restraints:

1. Volatility in raw material prices: The gelcoat industry is dependent on raw materials such as resins, pigments, and additives, the prices of which are subject to volatility due to fluctuating supply and demand dynamics. This can lead to fluctuations in production costs and affect the profitability of gelcoat manufacturers.

2. Environmental and regulatory concerns: The gelcoat industry is increasingly facing regulatory pressures related to environmental sustainability and health and safety regulations. Compliance with stringent environmental standards and regulations can pose challenges for manufacturers, particularly in terms of product formulation and waste management.

3. Impact of the COVID-19 pandemic: The global gelcoat market has been impacted by the COVID-19 pandemic, leading to disruptions in supply chains, reduced demand from end-use industries, and uncertainty in the global economy. As the industry continues to recover from the effects of the pandemic, it may face challenges in terms of demand fluctuation and supply chain disruptions.

Regional Forecast:

Gelcoat Market

Largest Region

Asia Pacific

USD 398.82 Million in 2023

Get more details on this report -

North America: In North America, the U.S. is the dominant market for gelcoat. The country's strong manufacturing sector, particularly in the marine and automotive industries, contributes to the demand for gelcoat. Canada also has a significant presence in the gelcoat market, driven by its growing construction and transportation sectors.

Asia Pacific: China is a major consumer of gelcoat in the Asia Pacific region, owing to its thriving marine, construction, and transportation industries. Japan and South Korea also contribute to the growth of the gelcoat market in the region, with the increasing demand from the automotive and electronics sectors.

Europe: The United Kingdom, Germany, and France are key markets for gelcoat in Europe. These countries have well-established marine, automotive, and aerospace industries that drive the demand for gelcoat. Additionally, the construction sector in these countries also contributes to the growth of the gelcoat market.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Gelcoat Market
Gelcoat Market

Segmentation Analysis:


In terms of segmentation, the global gelcoat market is analyzed on the basis of Resin Type, End-Use Industry.

Gelcoat Market - Resin Type

The resin type segment of the gelcoat market refers to the various types of resins that are used in the manufacturing of gelcoat products. Gelcoats are commonly made using different types of resins such as polyester, vinyl ester, and epoxy. Polyester resin gelcoats are preferred for their cost-effectiveness and ease of application, making them suitable for a wide range of applications. Vinyl ester resin gelcoats are known for their superior strength and resistance to corrosion, making them ideal for use in marine and chemical processing industries. Epoxy resin gelcoats offer high performance and durability, making them suitable for demanding applications such as aerospace and automotive industries.

Gelcoat Market - End-Use Industry

The end-use industry segment of the gelcoat market refers to the various industries that utilize gelcoat products in their manufacturing processes. Gelcoats find applications in industries such as marine, automotive, aerospace, construction, and wind energy. In the marine industry, gelcoats are used to provide a protective and aesthetic finish to boat hulls, decks, and other marine structures. In the automotive industry, gelcoats are used in the production of automotive components such as bumpers, body panels, and interior trim parts. In the aerospace industry, gelcoats are used for their lightweight and high-performance properties in the construction of aircraft interiors and exteriors. Additionally, gelcoats are widely utilized in the construction industry for architectural and decorative purposes, as well as in the wind energy industry for the production of wind turbine components.

Get more details on this report -

Competitive Landscape:

The global gelcoat market is highly competitive with several key players vying for market share. The market is characterized by the presence of a large number of manufacturers and suppliers, each striving to innovate and improve their product offerings. Some of the key factors shaping the competitive landscape in the gelcoat market include product quality, pricing, brand reputation, and distribution networks. Additionally, companies are also focusing on expanding their geographical presence and investing in research and development to stay ahead of the competition.

Top Market Players:

1. Ashland

2. Reichhold

3. Polynt-Reichhold

4. Scott Bader

5. Bufa Composite Systems

6. HK Research Corporation

7. Composites One

8. Interplastic Corporation

9. Altech Marine Industries

10. Alpha Owens-Corning (AOC)

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Gelcoat Market Size & Share, By Resin Type (Polyes...

RD Code : 24