[Blacdout96]

It would if the paint was coming up as well. Gel coat can have a wax agent mixed in it (The tooling gel I'm working with right now doesn't so it stays tacky for days, and squeaks for weeks until sanded.) The clear coat alone wouldn't be coming up, you would have fish scales, fish eyes, and other stuff if that was the case.
Just may be the fact that it sat in the sun for a while. I had my right hand side view mirror repainted at work because the sun made the clear coat peel after a couple years. No other parts of the car had that, just there because of the way the sun hit it where I parked it.