Gelcoat Market – Industry Trends and Forecast to 2030
The utilization of gelcoat to deliver a high-quality finish and a protective layer on the surface of the fiber-reinforced composite, in several end-use industries such as automotive, marine, building & construction will enhance the market growth. The polyester is expected to be the fatetest growing resin segment dueto the wide characteristics of polyester resins. Polyester resins are less expensive and possess properties such as fast curing, durability, temperature tolerance, good resistance to corrosion and low thermal expansion.
Data Bridge Market Research analyses that the gelcoat market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, USD 1,403.80 million in 2022, would rocket up to USD 2,756.37 million by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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