The global Gelcoat Polyester market is forecast to reach USD 1,340.3 Million by 2028, according to a new report by Reports and Data. Gel coat is a low shrink, high-grade, thixotropic liquid polyester resin. It is intended to create an opaque surface that completely blocks the glass pattern. The various formulations of the product for specific applications are highly glossy, opaque, and solid color. Polyester resins are mostly UV resistant, and adequately cured parts are waterproof. The product finds a wide range of applications in the marine industry, for boats, ships, and others. Gel Coat is generally available as a liquid and cures well. The growing demand from the marine, wind energy, and transportation industries is one of the significant factors contributing to the growth of the market. The rising innovations in the coating industry will also influence the growth of the market

The global materials & chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food & beverages, cosmetics, and personal care & hygiene products, and increasing use of chemicals and raw materials in the buildings & construction, agriculture, textiles, automotive, packaging, and several other industries. The rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, the introduction of technologically advanced and organic chemical products, and the growing use of high-performance specialty chemicals further boost the industry revenue growth.

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Top Companies Profiled in the Gelcoat Polyester Market Report:

Bang and Bonsomer, Synergys Technologies, Alpha Owens-Corning (AOC) Resins, Ashland, Nuplex Industries Ltd., HK Research, CCP Composites, Reichhold LLC, Axson Technologies, Fibre Glass Development Corporation, Scott Bader. Ashland Inc., HK Research Corporation, BUFA GmbH & Co. KG, Polynt S.p.A, Nuplex Industries Ltd., Reichhold LLC, and Scott Bader Company Limited, among others.

Resin Type Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

Polyester

Vinyl Ester

Epoxy

Others

Application Techniques Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

Brush & Roller

Spray Gun

Others

Industry Vertical Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

Building & Construction

Transportation

Wind energy

Aerospace & Defense

Marine

Others

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