Chemical & Materials Trending Gelcoat Market | Page 3

Industrial Insight
• Marine is an important end-use industry of glass fiber reinforced plastics as entire decks and
complete ship hulls for powerboats or sailing/motor yachts are entirely made up of high-quality
glass fiber reinforced plastics.
• The gelcoat offers easy application in molds and good weathering performance. It possesses high
resistance to UV rays and good blister resistance.
• Polyester resin is widely used for gelcoat. In terms of value and volume, the polyester resin-based
gelcoat market accounted for a major share of the overall market in 2019.
• Polyester resins are less expensive and possess properties such as good corrosion resistance, fast
curing, durability, tolerance to temperature, and low thermal expansion. Polyester resin used in
gelcoats offers durability for molds and parts.
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