Global Unsaturated Polyester Resin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
Unsaturated Polyester Resin Market Overview
"The Unsaturated Polyester Resin Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Unsaturated polyester resins (UPRs) are formed by condensation of unsaturated acids and diols with or without diacids. Unsaturated polyester resins when cross-linked with vinyl reactive polymer form highly durable structures and coatings. Unsaturated polyester resin (UPRs) is an important polymer for production of composite materials, such as glass fiber–reinforced plastics (FRP).
Rapid development in construction and wind energy sectors is a major factor driving growth of the global unsaturated polyester resin market. In addition, rising demand from chemicals and marine sector is another factor expected to fuel growth of the global market to a significant extent over the forecast period. Moreover, increasing adoption of orthopthalic resins in transport and marine industries is another factor propelling growth of the global market growth.
Availability of substitutes is a major factor hampering growth unsaturated polyester resin market. In addition, fluctuating raw material prices is another factor restraining growth of the global market to a significant extent.
The Asia Pacific market dominates the global unsaturated polyester resin market in terms of revenue and is expected to maintain its dominance over the forecast period. The Asia Pacific unsaturated polyester resin market is expected to witness highest growth in the global market and is projected to register a CAGR of XX.X% over the next 10 years. The North America unsaturated polyester resin market accounts for second highest share in terms of revenue in the global market.
The Europe market accounts for considerable share in terms of revenue in the global market. The Europe unsaturated polyester resin market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period.
Global unsaturated polyester resin market segmentation:
Segmentation on the basis of type:
Segmentation on the basis of end-use industry:
- Building & Construction
- Land transportation
- Pipe & Tanks
- Electrical & Electronics
- Artificial Stones
- Wind Energy
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AOC LLC
- Ashland Inc.
- Reichhold Inc.
- BASF SE
- Royal DSM
- U-Pica Technology Group
- Changzhou New Solar Co. Ltd.
- Eternal Chemical Co. Ltd.
- SABIC Innovative Plastics Holding BV
- Satyen Polymers Pvt. Ltd.
- Scott Bader Company Ltd.
- The Dow Chemical Company
- Tianhe Resin Co., Ltd.
- UPC Technology Corp.
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