Europe Gelcoat Market Size & Outlook, 2024-2030
The gelcoat market in Europe is expected to reach a projected revenue of US$ 821.4 million by 2030. A compound annual growth rate of 13.4% is expected of Europe gelcoat market from 2024 to 2030.
Revenue, 2023 (US$M)
$337.7
Forecast, 2030 (US$M)
$821.4
CAGR, 2024 - 2030
13.4%
Report Coverage
Europe
Europe gelcoat market highlights
- The Europe gelcoat market generated a revenue of USD 337.7 million in 2023.
- The market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, polyester resin was the largest revenue generating raw material in 2023.
- Polyester resin is the most lucrative raw material segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 337.7 million |
| Market revenue in 2030 | USD 821.4 million |
| Growth rate | 13.4% (CAGR from 2024 to 2030) |
| Largest segment | Polyester resin |
| Fastest growing segment | Polyester resin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester resin |
| Key market players worldwide | LyondellBasell Industries NV Class A, Lanxess AG, Eastman Chemical Co, Polynt, Owens Corning, 3M Co, Ashland Inc, INEOS, Akzo Nobel NV |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.5% of the global gelcoat market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,067.7 million by 2030.
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Gelcoat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Polynt | View profile | 1001-5000 | Bergamo, Lombardia, Italy, Europe | http://www.polynt.com |
| Owens Corning | View profile | 10001+ | Toledo, Ohio, United States, North America | http://www.owenscorning.com/ |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
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