gelcoat industry 2021 Executive Summary, Segmentation Forecast to 2030
gelcoat industry The Gelcoat market was valued at USD 1,185.9 million in 2020 and expected to reach USD 2,236.1 million by 2030, registering a CAGR of 6.6% over the forecast duration. Gelcoat is a substance that is used for finishing purposes and lamination on fiber-reinforced composites. Gelcoats provide a great protective and high-quality layer that exhibits resistance properties against water, osmosis, UV, chemical, impact, and crack. Gelcoat is formulated using polyester, vinyl ester, epoxy, and others. As a result, they provide enhanced mechanical property and reduce surface porosity. With the growing product innovations, gelcoats are also used in improving the aesthetic appearance of the surfaces as they give shiny, glossy, smooth, durable finishing and flawless appearance. Competitive Landscape The competitive landscape offers an analysis of the key developments by the companies operating in the Gelcoat market in the last three years. The global market for synthetic fibers is