The future of the gelcoat market looks attractive with opportunities in the wind energy, marine, construction, tanks, and transportation industries. The  gelcoat market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.2 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are growing use of composite materials in different industries and performance benefits of gelcoat, such as UV protection, better surface appearance, etc.  

 

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. Ashland, Polynt-Reichhold, Bufa, Scott Bader, and Allnex are among the major suppliers of gelcoat.

 

A total of 86 figures / charts and 73 tables are provided in this 152 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of gelcoat market report download the report brochure.