gelcoat industry Key Trends and Opportunity Assessment 2022-2028 | AOC LLC (US), 3M (US), Polynt SpA (Italy), Scott Bader Company Ltd (UK)
Market Scope Market Research Future (MRFR) studied the global gelcoat market 2021 in the analysis period till 2027. As per MRFR study, the global gelcoat market is expected to rise at 7.6% CAGR during the forecast tenure. By 2027, the market of gelcoat market value is likely to touch USD 1.1 Bn. Market Drivers and Restraints The growing utility of gelcoat in fiber-reinforced plastics to offer better protective layers can benefit the gelcoat market in the approaching years. The aesthetic appeal offered by gelcoat due to its composition that contains pigment, resin, and filler, can favor the gelcoat market in the review tenure. The availability of different types of resins that are used in the formulation of gelcoat, such as; epoxy, polyester, and vinyl ester, is likely to prompt the growth of the Gelcoat Market in the years to come. The rise in awareness about unique characteristics and properties of gelcoat, such as; prevention against UV degradation and resistance against corrosion