Unsaturated Polyester Resins Market: Introduction
Transparency Market Research delivers key insights on the global unsaturated polyester resins market. In terms of revenue, the global unsaturated polyester resins market is estimated to expand at a CAGR of 5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global unsaturated polyester resins market.
The global unsaturated polyester resins market is broadly affected by several factors, including increase in usage of unsaturated polyester resins in various end-uses such as transport, resins, tanks, pipes, pipe re-lining, and building construction. The rise in global demand for consumer electronics and automotive transportation has led to significant increase in the usage of unsaturated polyester resins.
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Increase in production and demand for electronics is expected to be a major driver of the global unsaturated polyester resins market. Moreover, the surge in demand for pipe re-lining and building construction end-use is propelling the unsaturated polyester resins market.
Unsaturated Polyester Resins Market: Major Players
The global unsaturated polyester resins market is consolidated with the presence of key players. Prominent players operating in the global unsaturated polyester resins market include Polynt-Reichhold Group, Ashland Inc., Royal DSM, AOC, BASF SE, U-Pica Company Ltd., UPC Technology Corp., Nuplex Industries Ltd., and Scott Bader Company Ltd.
Unsaturated Polyester Resins Market: Prominent Regions
In terms of region, the Asia Pacific is likely to account for a notable share of the global unsaturated polyester resins market. Asia Pacific is also projected to emerge as one of the regional markets that offers significant opportunities. Rapid increase in applications in different end-use sectors such as construction building, marine, and automotive is likely to drive the market in Asia Pacific.
Various nations, particularly China, have increased their ability to produce these polymers in the past few years. A significant driver boosting the regional market is the rising sale of unsaturated polyester resin-based composites in numerous end-use sectors.
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Global Unsaturated Polyester Resins Market: Segmentation
Unsaturated Polyester Resins Market, by Product Type
- Orthophthalic Resins
- Isophthalic Resins
- Dicyclopentadiene (DCPD) Resins
Unsaturated Polyester Resins Market, by End-use
- Electrical, Transport
- Artificial Stone/Marble
- Pipe re-lining
- Building Construction
Unsaturated Polyester Resins Market: Dynamics
The extensive use of unsaturated polyester resins in making various useful composite polymers, notably fiber–reinforced plastics, is a key factor propelling their demand in various regions. The demand for polyester resins is considerably high for making tanks, pipes, automotive parts, fire-resistant electrical equipment, and printed circuit boards, synthetic marbles, solid-surface countertops, and gelcoats. This can be attributed to the excellent structural properties of these resins, which lends remarkable thermal stability and a host of favorable mechanical properties.
In several emerging economies, rising demand for polyester resins in various end-use industries is boosting the market. Low cost and easy processing of unsaturated polyester resins, coupled with the growing number of specialty applications in a wide spectrum of end-use industries, are key factors that are likely to propel the market in the near future.
Manufacturers are focusing on building construction as the share held by this segment of the unsaturated polyester resins market is likely to increase during the forecast period.
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