PUBLISHER: Grand View Research | PRODUCT CODE: 1553437
PUBLISHER: Grand View Research | PRODUCT CODE: 1553437
"2030 Gelcoat Market value to reach USD 3,328.1 million"
The global gelcoat market size was estimated at USD 1,380.1 million in 2023 and is projected to grow at a CAGR of 13.2% in terms of revenue from 2024 to 2030. Gelcoats are essential for protecting and enhancing the appearance of composite materials. The increasing use of composites in various industries, such as automotive, marine, construction, and wind energy, is driving gelcoat demand.
Gelcoats contribute to the lightweight and durable properties of composite structures. As industries seek to reduce weight and improve performance, the demand for gelcoats is on the rise. The boating and marine industry is a major consumer of gelcoats. Increasing leisure activities and growing tourism are boosting the demand for boats and marine equipment, thereby driving gelcoat consumption.
They are used in construction for various applications, including roofing, cladding, and architectural elements. The growing construction industry is contributing to the gelcoat market's expansion. The automotive industry is increasingly using composite materials for body panels and other components. They are essential for providing a protective and aesthetically pleasing finish to these components.
Global Gelcoat Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global gelcoat market report raw material, end use, and region: