Lucintel Forecasts the Global Gelcoat Market to Reach $3 Billion by 2030
Lucintel Forecasts the Global Gelcoat Market to Reach $3 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global gelcoat market looks promising with opportunities in the wind energy, marine, construction, transportation, and tank end uses. The global gelcoat market is expected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 4% from 2023 to 2030. 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.
Browse 85 figures/charts and 58 tables in this 141-page to understand trends, opportunity and forecast in gelcoat market to 2030 by end use (wind energy, marine, construction, transportation, tank, and others), resin chemistry (polyester, vinyl ester, epoxy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that construction will remain the largest end use segment over the forecast period, supported by the growth of construction and rehabilitation in the developing countries. Wind energy is expected to witness highest growth over the forecast period.
Polyester will remain the largest segment due to low cost and usage in wide application area. Epoxy is expected to witness highest growth in the forecast period.
Asia Pacific is expected to remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing growth in construction end use for the economic expansion in India and China.
Ineos Composites, Scott Bader, Allnex, Bufa Composites Systems GmBH & Co. KG, Polynt Group, HK Research Corporation are the major suppliers in the gelcoat market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056