Indonesia Gelcoat Market Size, Share, Trends and Forecasts 2031

Key Findings

• The Indonesia Gelcoat Market is experiencing steady growth driven by rising demand from marine, construction, and automotive industries.

• Increasing use of fiberglass-reinforced plastics (FRP) is significantly boosting gelcoat consumption.

• Growth in infrastructure development and industrial fabrication is enhancing demand for protective and aesthetic surface coatings.

• Technological advancements in gelcoat formulations are enabling improved durability and UV resistance.

• Sustainability trends are encouraging the development of eco-friendly gelcoat solutions.

• The expansion of the composites industry in Indonesia is positively influencing market adoption.

• Key manufacturers are investing in specialized gelcoats for high-performance end-use applications.

• Regulatory emphasis on corrosion protection is increasing adoption across industrial sectors.

Indonesia Gelcoat Market Size and Forecast

The Indonesia Gelcoat Market is projected to grow from USD 1.2 billion in 2025 to USD 1.85 billion by 2031, reflecting a CAGR of 7.5%. This growth is supported by rising production of composite materials used in boats, storage tanks, automotive body parts, and architectural structures. Gelcoats are increasingly valued for their aesthetic finish and superior resistance to weathering, UV exposure, and chemicals. As manufacturing activities expand in Indonesia, demand for advanced surface finishing materials continues to surge. The market is expected to benefit from R&D in low-VOC and high-performance gelcoat technologies.

Introduction

Gelcoats are surface coatings applied to composite materials to provide enhanced protection, smooth surface finish, and resistance to environmental degradation. In Indonesia, these coatings are widely used across marine, construction, automotive, and industrial applications. Their ability to strengthen durability and aesthetic value makes them essential in fiberglass composite fabrication. Recent innovation trends have focused on improving chemical resistance, gloss retention, and mechanical strength. As composite adoption rises, gelcoats are becoming a critical component for quality end-use products.

Future Outlook

By 2031, gelcoat usage in Indonesia will expand significantly due to broader applications in renewable energy, marine infrastructure, and high-quality composite manufacturing. Manufacturers will introduce more sustainable and low-emission gelcoat solutions to meet regulatory requirements. Automated spray technologies and enhanced production methods will improve efficiency and consistency. Demand from automotive lightweighting initiatives will further strengthen market growth. Overall, the gelcoat industry in Indonesia is expected to experience continuous innovation and diversification.

Indonesia Gelcoat Market Trends

• Increasing Adoption of High-Performance Gelcoats
  Industries in Indonesia are increasingly adopting high-performance gelcoats engineered for enhanced resistance to abrasion, chemicals, and UV exposure. This trend is driven by the growing need for long-lasting composite components, especially in marine and outdoor applications where durability is critical. Manufacturers are responding by developing advanced formulations suitable for harsh environments. These gelcoats also support improved product aesthetics, which is becoming a higher priority across end-use sectors. As industries prioritize quality and performance, high-performance gelcoats continue to gain wider acceptance.

• Growing Use of Low-VOC and Eco-Friendly Formulations
  Sustainability trends in Indonesia are driving demand for low-VOC and environmentally friendly gelcoat alternatives. Regulations surrounding emissions and chemical usage are pushing manufacturers to reformulate traditional gelcoats. End-users are also prioritizing materials that align with green building and manufacturing standards. These eco-friendly gelcoats offer reduced environmental impact without compromising functional performance. As environmental compliance becomes more important, this trend is expected to accelerate further.

• Expansion of the Marine and Boating Industry
  The marine sector in Indonesia is witnessing strong growth, driven by recreational boating, commercial shipping, and repair/maintenance activities. Gelcoats play an essential role in boat manufacturing due to their protective and aesthetic properties. With more investments in coastal infrastructure and tourism, the need for marine-grade gelcoats is rising. These materials ensure resistance to saltwater corrosion and fading, making them indispensable for marine applications. This trend highlights the marine industry as one of the major revenue drivers for gelcoat suppliers.

• Rising Demand for FRP in Construction and Architecture
  Fiberglass-reinforced plastic materials are increasingly being used in construction for facades, decorative elements, and structural components. Gelcoats provide the visual appearance and surface protection needed for these FRP applications. Architectural projects in Indonesia are focusing on lightweight and durable materials that reduce maintenance costs, boosting the use of gelcoat-treated composites. As urban development accelerates, contractors are adopting gelcoated FRP solutions for their versatility. This trend underscores the growing integration of composites in modern construction.

• Shift Toward Custom Color and Specialty Gelcoats
  End-users are increasingly requesting custom colors, textures, and finishing options to meet brand-specific or project-specific requirements. This is driving manufacturers to create wider ranges of specialty gelcoats tailored to different functional and aesthetic needs. The ability to customize enhances the value proposition of gelcoats in competitive markets. Industries such as automotive and consumer products particularly benefit from these customizable solutions. This trend is expected to support higher-value production and product differentiation in Indonesia.

Market Growth Drivers

• Rising Demand for Composites in Multiple Industries
  The growth of composite materials in marine, automotive, aerospace, and construction industries is significantly increasing gelcoat demand in Indonesia. Gelcoats are vital for enhancing surface durability and appearance, which is essential for high-quality composite products. As industries shift toward lightweight and corrosion-resistant materials, composite usage is expected to rise steadily. This will naturally boost gelcoat consumption across various applications. This driver identifies composites as the central force pushing the gelcoat market forward.

• Expansion of Marine Manufacturing and Repair Activities
  The marine industry is a major consumer of gelcoats due to their superior protection against seawater, UV rays, and surface abrasion. In Indonesia, boat building, repair yards, and marine component manufacturing are expanding rapidly. These activities require consistent gelcoat application for both new builds and refurbishment projects. The rising popularity of water-based recreation is further increasing demand. This driver emphasizes the importance of marine applications in sustaining market growth.

• Technological Advancements in Gelcoat Formulations
  Ongoing R&D efforts are leading to gelcoats with improved adhesion, chemical resistance, and long-term durability. Innovations in resin chemistry are helping manufacturers deliver products that meet demanding industrial needs. Several companies are also focusing on simplifying application processes and improving curing performance. These advancements are attracting industries that require high-performance surface finishes. As technology continues to progress, gelcoat adoption is expected to grow even further.

• Growth in Industrial Fabrication and Infrastructure Development
  Increasing industrial production and infrastructure expansion in Indonesia are driving the use of gelcoats in tanks, pipes, and composite structural components. These products require protective coatings to withstand chemical exposure, weathering, and mechanical stress. As industries modernize, the need for stronger protective finishes is rising. This trend is especially prominent in oil & gas, construction, and chemical processing environments. This driver showcases how industrial evolution boosts gelcoat utilization.

• Increasing Preference for Aesthetic and UV-Protective Coatings
  Many industries are prioritizing high-quality finishes that enhance product appeal and longevity. Gelcoats offer superior UV protection and gloss retention, making them ideal for outdoor and exposed applications. In sectors like automotive, consumer goods, and architecture, aesthetic consistency is a key purchasing factor. This growing focus on appearance and long-term performance is driving gelcoat usage. This driver highlights how improved surface properties influence purchasing decisions.

Challenges in the Market

• Volatility in Raw Material Prices
  The gelcoat industry relies heavily on petrochemical-based raw materials, which are subject to frequent price fluctuations. These cost changes create uncertainty for manufacturers operating in Indonesia, particularly smaller businesses with limited inventory flexibility. Volatility can affect profit margins, pricing strategies, and supply chain planning. Companies often struggle to balance cost and formulation quality during price surges. This challenge highlights the dependency of gelcoat production on global chemical markets.

• Environmental and Regulatory Compliance Issues
  Gelcoats often contain styrene and other volatile organic compounds that face increasing regulatory scrutiny. Stricter environmental rules in Indonesia are forcing manufacturers to modify formulations, which can increase costs and complexity. Compliance requires continuous investment in cleaner technologies and safer materials. Some industries may hesitate to adopt gelcoats due to regulatory burdens. This challenge underscores the market’s need for greener alternatives moving forward.

• Technical Limitations in Application and Curing
  Applying gelcoats requires skilled labor and controlled conditions to achieve uniform quality. Inadequate application can result in defects such as blistering, cracking, or uneven surfaces. The curing process is also sensitive to temperature and humidity, creating operational challenges in Indonesia’s varied climates. These technical barriers can discourage smaller manufacturers or new entrants. This challenge emphasizes the need for training and modernization of application processes.

• Competition from Alternative Coating Technologies
  Emerging coating technologies, including polyurethane and hybrid coatings, offer similar durability and aesthetic benefits. Some industries in Indonesia are exploring these alternatives due to easier application or faster curing times. This competitive pressure may affect gelcoat adoption in certain segments. Manufacturers must innovate to stay competitive in a growing landscape of advanced coatings. This challenge highlights the importance of differentiation and product innovation.

• Supply Chain Disruptions Affecting Resin Availability
  Global supply chain issues can restrict the availability of key raw materials essential for gelcoat production. These disruptions impact lead times and production schedules for both manufacturers and end-users in Indonesia. Dependence on imported chemicals further complicates the situation in some regions. Manufacturers may need to diversify suppliers or develop backup sourcing strategies. This challenge reinforces the need for supply chain resilience.

Indonesia Gelcoat Market Segmentation

By Type

• Polyester Gelcoat

• Vinyl Ester Gelcoat

• Epoxy Gelcoat

• Others

By Application

• Marine

• Construction

• Automotive

• Industrial Components

• Others

By End-User

• Marine & Boating

• Building & Construction

• Automotive & Transportation

• Industrial Manufacturing

• Others

Leading Key Players

• Ashland Global Holdings Inc.

• Allnex

• Polynt-Reichhold Group

• BUFA Composite Systems

• Scott Bader Company Ltd.

• Interplastic Corporation

• AOC, LLC

• Spectrum Color

• Bayer Corporation

• Nord Composites

Recent Developments

• Ashland launched a new low-VOC gelcoat range designed for high-performance marine use.

• Allnex expanded its gelcoat production capacity in Indonesia to support growing regional demand.

• Polynt-Reichhold introduced UV-resistant gelcoats compatible with advanced FRP manufacturing.

• Scott Bader entered a strategic partnership with a composite manufacturer in Indonesia to support innovation.

• AOC developed bio-based gelcoat formulations to promote environmental sustainability.

This Market Report Will Answer the Following Questions

1. What is the projected size and growth rate of the Indonesia Gelcoat Market by 2031?

2. Which industries account for the highest consumption of gelcoats in Indonesia?

3. What technological advancements are shaping gelcoat formulations?

4. What environmental and regulatory challenges does the market face?

5. Who are the major companies operating in the gelcoat industry in Indonesia?