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Gelcoat Market: By Product Type, By Resin Type, By End User, and Region Forecast 2019-2030
Gelcoat Market: By Product Type, By Resin Type, By End User, and Region Forecast 2019-2030
Gelcoat Market size was valued at US$ 1.36 billion in 2023 and expected to reach US$ 2.06 billion by 2030, at a CAGR of 7.8% from 2024-2030. 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 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 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.
Study Period
2025-2031Base Year
2024CAGR
7.8%Largest Market
Asia-PacificFastest Growing Market
North-America
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.
Asia Pacific accounted for larger revenue share in global Gelcoat market with considerable CAGR. The booming transportation and construction industries are responsible for the growth of the market in the region. China is one of the prominent consumers of gelcoat in the region. The country has become the single-largest consumer of gelcoat in the wind energy industry and is expected to strengthen its position further. APAC has a presence of major gelcoat manufacturers such as Satyen Polymers and Vikram Resins and Polymers.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 1.36 billion |
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Market Size in 2030 |
US$ 2.06 billion |
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Market CAGR |
7.8% |
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By Product Type |
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By Resin Type |
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By End User |
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By Region |
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The global gelcoat market size was valued at US$ 1.36 billion in 2023 and is projected to reach US$ 2.06 billion 2030, at a CAGR of 7.8% from 2024-2030.
The 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 in the 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, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 5.1. Mold Gelcoat |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 |
| 6.1. Epoxy |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 |
| 7.1. Marine |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2020 - 2024 and Forecast, 2025 - 2031 ((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, 2024 - 2030 |
| 9. North America Gelcoat Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 9.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 9.6. North America Gelcoat Market Dynamics Trends |
| 10. Europe Gelcoat Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 10.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 10.6. Europe Gelcoat Market Dynamics Trends |
| 11. Asia-Pacific Gelcoat Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 11.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 11.6. Asia-Pacific Gelcoat Market Dynamics Trends |
| 12. Latin America Gelcoat Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 12.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 12.6. Latin America Gelcoat Market Dynamics Trends |
| 13. Middle East and Africa Gelcoat Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (tonnes)) |
| 13.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 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 |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.