Latin America Gelcoat Market Size & Outlook, 2023-2030
The gelcoat market in Latin America is expected to reach a projected revenue of US$ 387.4 million by 2030. A compound annual growth rate of 13.1% is expected of Latin America gelcoat market from 2024 to 2030.
Revenue, 2023 (US$M)
$163.6
Forecast, 2030 (US$M)
$387.4
CAGR, 2024 - 2030
13.1%
Report Coverage
Latin America
Latin America gelcoat market, 2018-2030 (US$M)
Latin America gelcoat market highlights
- The Latin America gelcoat market generated a revenue of USD 163.6 million in 2023.
- The market is expected to grow at a CAGR of 13.1% 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.
Latin America data book summary
| Market revenue in 2023 | USD 163.6 million |
| Market revenue in 2030 | USD 387.4 million |
| Growth rate | 13.1% (CAGR from 2023 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.9% 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 Scope
Gelcoat market segmentation & scope
End Use
Marine
Transportation
Construction
Wind & Energy
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
South Africa
Saudi Arabia
Brazil
Argentina
Gelcoat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America gelcoat market
Related regional statistics
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