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Lucintel: The Gelcoat Market is Expected to Reach $1.2 Billion by 2025
DALLAS, TX / ACCESSWIRE / February 11, 2021 / According to a new market report published by Lucintel, the future of the gelcoat market looks attractive with opportunities in the wind energy, marine, construction, tanks, and transportation industries. The gelcoat market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.2 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are growing use of composite materials in different industries and performance benefits of gelcoat, such as UV protection, better surface appearance, etc. ....

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