Lucintel forecasts that the polyester gelcoat will remain the largest segment due to low cost and usage in wide application area. Epoxy gelcoat is expected to witness the highest growth in the forecast period supported by the growth of wind energy industry.#GelcoatMarket, #Gelcoat

1. Gelcoat Market Report 2019-2024: Trends, Forecast
and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by End Use
Industry
Wind, marine, construction, transportation, tank, and others
Market Segments by Resin
Chemistry
Polyester, vinylester, epoxy and others
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Ashland Inc., Scott Bader, Allnex, Bufa Composite Systems GmbH & Co.
KG, Polynt-Reichhold Group, and HK Research Corporation.
Trend Growth Rate and CAGR 3.5%
Key Industry Forecast
The gelcoat market is expected to reach an estimated $1.3 billion by 2024
with a CAGR of 3.5% from 2019 to 2024.
Key Industry Driver
Driver: Growing use of composite materials in different industries and
performance benefits of gelcoat, such as UV protection, better surface
appearance, etc.
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3. Industry Overview
Market Size
• The gelcoat market is expected to reach an
estimated $1.3 billion by 2024 with a CAGR
of 3.5% from 2019 to 2024.
• Emerging trends, which have a direct impact
on the dynamics of the industry, include a shift
towards low styrene emission gelcoat and the
development of gelcoat having compatibility
with different resin system.
Market Size (2024) $1.3 billion
CAGR (2019-24) 3.5%
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Industry Performance : Forecast