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US Gelcoat Market

ID: MRFR/CnM/18833-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Gelcoat Market Research Report By Resin (Polyester gelcoat, Epoxy gelcoat, Others) and By Application (Construction & architecture, Healthcare & medical, Hospitality, Retail, Automotive & transportation, Food & Beverages, Electrical & Electronics, Sanitary Ware) - Forecast to 2035

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US Gelcoat Market Infographic
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US Gelcoat Market Summary

As per Market Research Future analysis, the US gelcoat market Size was estimated at 228.33 USD Million in 2024. The US gelcoat market is projected to grow from 249.66 USD Million in 2025 to 610.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 9.3% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US gelcoat market is experiencing a shift towards sustainability and technological innovation.

  • Sustainability initiatives are increasingly influencing product development and consumer preferences in the gelcoat market.
  • Technological advancements are driving improvements in gelcoat formulations, enhancing performance and application efficiency.
  • The marine applications segment remains the largest, while the automotive applications segment is emerging as the fastest-growing area.
  • Rising demand in marine applications and an increased focus on aesthetic appeal are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 228.33 (USD Million)
2035 Market Size 610.0 (USD Million)
CAGR (2025 - 2035) 9.34%

Major Players

Ashland Global Holdings Inc (US), Polynt-Reichhold (IT), Mitsubishi Chemical Corporation (JP), Scott Bader Company Ltd (GB), BASF SE (DE), Sika AG (CH), Hexion Inc (US), Interplastic Corporation (US), AOC Resins (US)

US Gelcoat Market Trends

The gelcoat market in the United States is currently experiencing a notable evolution, driven by various factors including technological advancements and increasing demand across multiple sectors. The application of gelcoat in marine, automotive, and construction industries appears to be expanding, as manufacturers seek to enhance product durability and aesthetic appeal. This trend is likely influenced by a growing consumer preference for high-quality finishes and protective coatings that offer both functionality and visual appeal. Furthermore, the emphasis on sustainability may be steering manufacturers towards eco-friendly formulations, which could reshape product offerings in the near future. In addition, the competitive landscape of the gelcoat market is becoming increasingly dynamic. Companies are investing in research and development to innovate and improve their product lines, which may lead to the introduction of advanced gelcoat solutions. The rise of e-commerce platforms is also facilitating easier access to these products, potentially broadening the customer base. As the market continues to evolve, stakeholders must remain vigilant to emerging trends and consumer preferences to maintain a competitive edge.

Sustainability Initiatives

There is a growing emphasis on eco-friendly formulations within the gelcoat market. Manufacturers are increasingly focusing on developing products that minimize environmental impact, which may appeal to environmentally conscious consumers. This trend suggests a shift towards sustainable practices in production and formulation.

Technological Advancements

Innovations in manufacturing processes and materials are shaping the gelcoat market. Enhanced formulations that improve durability and performance are becoming more prevalent, indicating a potential shift in consumer expectations towards higher quality and longer-lasting products.

E-commerce Growth

The rise of online retail platforms is transforming how consumers access gelcoat products. This trend may lead to increased market penetration and accessibility, allowing manufacturers to reach a broader audience and adapt to changing purchasing behaviors.

Market Segment Insights

By Resin: Polyester Gelcoat (Largest) vs. Epoxy Gelcoat (Fastest-Growing)

In the US gelcoat market, Polyester Gelcoat holds the largest market share, underscoring its dominance as a preferred choice among manufacturers and end-users alike. It is widely recognized for its cost-effectiveness and versatility, making it suitable for a variety of applications from marine to automotive industries. Epoxy Gelcoat, while not as prevalent as Polyester, is rapidly gaining traction due to its superior chemical resistance and durability, appealing to specialized markets that demand higher performance specifications. The growth trends within this segment indicate a robust increase in demand for both Polyester and Epoxy Gelcoats, driven by advancements in production processes and a growing emphasis on high-quality finishes in composite manufacturing. The shift towards sustainable and eco-friendly materials is further propelling the development of innovative resin formulations. Market players are increasingly investing in research and development to enhance product performance, consequently fostering a competitive landscape that encourages growth across all resin categories.

Polyester Gelcoat (Dominant) vs. Epoxy Gelcoat (Emerging)

Polyester Gelcoat is well-regarded for its affordability and ease of application, making it a staple in the US gelcoat market. Its ability to provide a smooth finish and quick curing time renders it highly popular among manufacturers. In contrast, Epoxy Gelcoat, while currently an emerging player, offers exceptional strength and adhesion, making it suitable for high-performance applications. These two segment values cater to different market needs; Polyester Gelcoat remains dominant due to its widespread use, while Epoxy Gelcoat is positioned as an emerging choice for industries seeking enhanced durability and performance. As customer preferences evolve, both segments are expected to coexist, catering to their respective consumer bases.

By Application: Construction & Architecture (Largest) vs. Automotive & Transportation (Fastest-Growing)

The US gelcoat market exhibits a diverse landscape, with the Construction & Architecture segment commanding a significant share. This segment benefits from the rising demand for aesthetically appealing and durable surfaces in buildings and infrastructure. In contrast, the Automotive & Transportation segment is quickly gaining ground, driven by innovations in automotive technology and a growing focus on lightweight, durable materials for vehicle manufacturing. Growth trends indicate that as infrastructure projects continue to expand, the Construction & Architecture segment is expected to remain dominant. Meanwhile, the Automotive & Transportation segment is propelled by the increasing adoption of gelcoats in vehicle body applications, with manufacturers prioritizing efficiency and performance. The interplay of sustainability and technological advancements is fostering a positive outlook for these segments within the US gelcoat market.

Construction & Architecture: Dominant vs. Automotive & Transportation: Emerging

The Construction & Architecture segment in the US gelcoat market is characterized by its robust demand driven by construction activities and renovation projects. Its dominance is attributed to the essential role that gelcoats play in enhancing the aesthetic appeal and durability of surfaces used in buildings. On the other hand, the Automotive & Transportation segment is emerging as a key player, showcasing rapid growth fueled by the automotive industry's shift towards lightweight materials and improved performance characteristics. This segment benefits from technological advancements that allow for enhanced durability and resistance to environmental factors, making gelcoats an attractive option for modern vehicles. As both segments evolve, they are expected to complement each other, with innovations in material science driving shared growth.

Get more detailed insights about US Gelcoat Market

Key Players and Competitive Insights

The gelcoat market exhibits a dynamic competitive landscape characterized by innovation and strategic partnerships. Key players such as Ashland Global Holdings Inc (US), Polynt-Reichhold (IT), and Hexion Inc (US) are actively shaping the market through their distinct operational focuses. Ashland Global Holdings Inc (US) emphasizes sustainability in its product offerings, aiming to meet the increasing demand for eco-friendly solutions. Polynt-Reichhold (IT) has positioned itself as a leader in technological advancements, particularly in the development of high-performance gelcoats. Meanwhile, Hexion Inc (US) is focusing on expanding its product portfolio to cater to diverse applications, thereby enhancing its market presence. Collectively, these strategies contribute to a competitive environment that prioritizes innovation and responsiveness to market needs.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. This approach appears to be a response to the growing demand for customized solutions and rapid delivery. The market structure is moderately fragmented, with several players vying for market share. However, the influence of major companies is significant, as they set industry standards and drive technological advancements that smaller firms often follow.

In October 2025, Ashland Global Holdings Inc (US) announced the launch of a new line of bio-based gelcoats aimed at reducing environmental impact. This strategic move not only aligns with global sustainability trends but also positions Ashland as a frontrunner in eco-friendly product development. The introduction of these products is likely to attract environmentally conscious consumers and enhance brand loyalty.

In September 2025, Hexion Inc (US) expanded its manufacturing capabilities by investing in a new facility in Texas. This investment is expected to increase production efficiency and meet the rising demand for gelcoats in the marine and automotive sectors. By enhancing its operational capacity, Hexion aims to solidify its market position and respond more effectively to customer needs.

In August 2025, Polynt-Reichhold (IT) entered into a strategic partnership with a leading automotive manufacturer to develop specialized gelcoats for electric vehicles. This collaboration underscores the growing trend towards electrification in the automotive industry and positions Polynt-Reichhold to capitalize on emerging market opportunities. The partnership is anticipated to drive innovation and expand the application of gelcoats in new sectors.

As of November 2025, the gelcoat market is witnessing trends such as digitalization and sustainability, which are reshaping competitive dynamics. Companies are increasingly leveraging technology to enhance product development and customer engagement. Strategic alliances are becoming more prevalent, allowing firms to pool resources and expertise. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift may redefine market leadership and influence consumer preferences in the gelcoat sector.

Key Companies in the US Gelcoat Market market include

Industry Developments

The US Gelcoat Market has witnessed several significant developments recently. Interplastic Corporation announced an expansion of its manufacturing capabilities in September 2023 to meet rising demand for high-performance gelcoats. BASF reported in August 2023 a new partnership with AOC Aliancys, aiming to create more sustainable gelcoat solutions. Malco Technologies has also been working towards enhancing its product lines with innovative formulations designed for better environmental compliance. However, the market has seen a decline in some segments due to fluctuations in raw material costs, particularly affecting companies like Polynt and Scott Bader.

Notably, Hexion completed its merger with a subsidiary of Solvay in July 2023, emphasizing synergies in gelcoat product offerings, a move anticipated to enhance overall market share. In terms of valuation, the market has seen a growth rate of about 5% year-on-year, driven primarily by demand from the boat manufacturing sector and other applications. The latest governmental initiatives aimed at promoting sustainable manufacturing in the US also add a dimension of regulatory pressure, encouraging companies such as DuPont and Allnex to innovate towards eco-friendliness while adhering to emerging standards in material use.

Future Outlook

US Gelcoat Market Future Outlook

The gelcoat market is projected to grow at a 9.34% CAGR from 2024 to 2035, driven by increasing demand in marine and automotive applications.

New opportunities lie in:

  • Development of eco-friendly gelcoat formulations for sustainable markets.
  • Expansion into emerging markets with tailored product offerings.
  • Investment in advanced manufacturing technologies to enhance production efficiency.

By 2035, the gelcoat market is expected to achieve robust growth, driven by innovation and strategic market positioning.

Market Segmentation

US Gelcoat Market Resin Outlook

  • Polyester Gelcoat
  • Epoxy Gelcoat
  • Others

US Gelcoat Market Application Outlook

  • Construction & architecture
  • Healthcare & Medical
  • Hospitality
  • Retail
  • Automotive & Transportation
  • Food & Beverages
  • Electrical & Electronics
  • Sanitary Ware

Report Scope

MARKET SIZE 2024228.33(USD Million)
MARKET SIZE 2025249.66(USD Million)
MARKET SIZE 2035610.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)9.34% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Ashland Global Holdings Inc (US)", "Polynt-Reichhold (IT)", "Mitsubishi Chemical Corporation (JP)", "Scott Bader Company Ltd (GB)", "BASF SE (DE)", "Sika AG (CH)", "Hexion Inc (US)", "Interplastic Corporation (US)", "AOC Resins (US)"]
Segments CoveredResin, Application
Key Market OpportunitiesGrowing demand for eco-friendly gelcoat formulations driven by regulatory changes and consumer preferences.
Key Market DynamicsRising demand for eco-friendly gelcoats driven by regulatory changes and consumer preference for sustainable materials.
Countries CoveredUS

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FAQs

What is the expected market size of the US Gelcoat Market in 2024?

The US Gelcoat Market is expected to be valued at 182.4 million USD in 2024.

What is the projected market size for the US Gelcoat Market by 2035?

By 2035, the US Gelcoat Market is anticipated to reach a value of 523.0 million USD.

What is the compound annual growth rate (CAGR) for the US Gelcoat Market from 2025 to 2035?

The US Gelcoat Market is expected to witness a CAGR of 10.05% during the forecast period from 2025 to 2035.

Which resin type holds the largest market share within the US Gelcoat Market in 2024?

In 2024, the Polyester gelcoat is valued at 109.0 million USD, making it the dominant segment in the US Gelcoat Market.

What is the market value for Epoxy gelcoat in the US Gelcoat Market for 2024?

The Epoxy gelcoat segment is valued at 53.0 million USD in the US Gelcoat Market in 2024.

What is the anticipated market size for Polyester gelcoat by 2035?

The Polyester gelcoat is expected to grow to 309.0 million USD by 2035.

How much is the Others segment of the US Gelcoat Market expected to be worth in 2035?

The Others segment is projected to reach 59.0 million USD by 2035.

Who are the key players in the US Gelcoat Market?

Major players include Interplastic Corporation, BASF, AOC Aliancys, and Hexion among others.

What are the opportunities for growth in the US Gelcoat Market?

Opportunities for growth in the market include increasing demand in various applications such as automotive and marine industries.

How does the current economic scenario impact the US Gelcoat Market?

The current global economic landscape can influence supply chains and pricing, ultimately affecting the US Gelcoat Market.

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