Gelcoat Market-Global Industry Analysis and Forecast 2025
Market Overview The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025). The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-...