PUNE, India - A new market study, Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), by End-Use Industry (Marine, Transportation, Construction, Wind, and Others) & by Region - Trends & Forecast to 2020, predicts the market for gelcoats to reach $1,233 million by 2020. The report defines and segments the gelcoats market with analysis and forecasting of the market size by volume and value.
Gelcoats offer various unique properties and features such as corrosion resistance, UV degradation and water absorption. The global gelcoats market is estimated to reach a market size of $1,233 million by 2020, registering a CAGR of 7.60 percent between 2015 and 2020. The gelcoats market is classified on the basis of resin type such as polyester, vinyl ester, epoxy and others. Polyester resin gelcoats are the most widely used gelcoats in the market. Increasing demand of composites in the transportation and marine industry is driving the market.