| Product Code: ETC8149905 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Maldives experienced a significant increase in gelcoat import shipments in 2024, with top exporting countries being Sri Lanka, Italy, Denmark, Malaysia, and Netherlands. The market concentration, as measured by the HHI, shifted from low to high concentration, indicating a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 0.17, showing steady growth over the period. The impressive growth rate of 38.55 from 2023 to 2024 suggests a surge in demand for gelcoat in Maldives, signaling potential opportunities for market players in the industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Gelcoat Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Gelcoat Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Gelcoat Market - Industry Life Cycle |
3.4 Maldives Gelcoat Market - Porter's Five Forces |
3.5 Maldives Gelcoat Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Maldives Gelcoat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Maldives Gelcoat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for gelcoat in the construction industry for decorative purposes |
4.2.2 Growth in marine industry leading to higher demand for gelcoat for boat manufacturing |
4.2.3 Rising popularity of recreational water activities boosting the demand for gelcoat in water sports equipment |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the overall production cost of gelcoat |
4.3.2 Environmental regulations and concerns regarding the use of certain chemicals in gelcoat production |
5 Maldives Gelcoat Market Trends |
6 Maldives Gelcoat Market, By Types |
6.1 Maldives Gelcoat Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Gelcoat Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Maldives Gelcoat Market Revenues & Volume, By Polyester, 2021- 2031F |
6.1.4 Maldives Gelcoat Market Revenues & Volume, By Vinyl Ester, 2021- 2031F |
6.1.5 Maldives Gelcoat Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.6 Maldives Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Maldives Gelcoat Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Maldives Gelcoat Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.3 Maldives Gelcoat Market Revenues & Volume, By Wind Energy, 2021- 2031F |
6.2.4 Maldives Gelcoat Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.5 Maldives Gelcoat Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.6 Maldives Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Gelcoat Market Import-Export Trade Statistics |
7.1 Maldives Gelcoat Market Export to Major Countries |
7.2 Maldives Gelcoat Market Imports from Major Countries |
8 Maldives Gelcoat Market Key Performance Indicators |
8.1 Average selling price of gelcoat in the Maldives market |
8.2 Number of new construction projects utilizing gelcoat |
8.3 Percentage increase in gelcoat usage in the marine industry compared to the previous year |
9 Maldives Gelcoat Market - Opportunity Assessment |
9.1 Maldives Gelcoat Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Maldives Gelcoat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Maldives Gelcoat Market - Competitive Landscape |
10.1 Maldives Gelcoat Market Revenue Share, By Companies, 2024 |
10.2 Maldives Gelcoat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |