The global unsaturated polyester resin market size was estimated to be US$ 11.3 billion in 2020 and is expected to reach US$ 20.5 billion by 2031 at a CAGR of 5.6%.
Unsaturated polyester resins are compound substances cogitated by the condensation of unsaturated acids and diols, with or without diacids.
High actual strength, erosion resistivity and warmth twisting temperature are the overall properties/qualities of unsaturated polyester resins. The unsaturated polyester resins additionally offer warm, flexural, mechanical, and morphological characteristics and thus are utilized in discrete industries. Further, when cross-connected with a vinyl responsive monomer, the unsaturated polyester resin’s structure is observed to be exceptionally strong coatings.
Expanding call for unsaturated polyester resins and utilization by marine industry is the underlying driver fueling up the unsaturated polyester resins market development rate. Advancements in the construction and real estate sector is probably going to drive the demand for the isophthalic resins during the forecast period. Booming utilization of climate cordial and energy saving products is likewise expected to significantly impact the market.
The market is driven by the melioration of the significant end-use sector like construction, electronic industry, transportation, and marine sector. Vigorous assembling base of car industry in China, Japan, and India combined with expanded deals of traveler vehicles is evaluated to increase the development of the market for unsaturated polyester resins during 2022-2032. Expanding utilization of climate cordial and energy saving items is additionally expected to decidedly impact the market for unsaturated polyester resin market. Asia-Pacific rules the unsaturated polyester resins market and will keep on thriving in its pattern of predominance during the speculation period as well.
Recuperation of the development business in the area, resulting from expanding demand for development activities like clinics, schools, and universities, is required to decidedly affect the market in North America over the forecast period of 2022-2032.
Global Unsaturated Polyester Resin Market Value Share Analysis, by Geography (2022)
The report titled “Global Unsaturated Polyester Resin Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Unsaturated Polyester Resin Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global unsaturated polyester resin market is segmented based on type, end use, and region. Based on type, the Unsaturated Polyester Resin market is segmented into DCPD, Isopthalic, and Orthopthalic. Based on end use, the unsaturated polyester resin market is segmented into Artificial Stones, Building & Construction, Electrical, Marine, Tanks & Pipes, and Transport, others.
Based on geography, the global unsaturated polyester resin market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Unsaturated Polyester Resin Market. Further, market share of prominent companies in the Global Unsaturated Polyester Resin Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Unsaturated Polyester Resin companies. The Global Unsaturated Polyester Resin Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Unsaturated Polyester Resin business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Unsaturated Polyester Resin Market.
The key players of the Global Unsaturated Polyester Resin Market are AOC Resins, Ashland Inc, BASF SE, CCP Composites, Changzhou New Solar Co. Ltd., Dow Chemical, DuPont, Eternal Chemical Co. Ltd., Eternal Materials Co., Ltd., Koninklijke DSM N.V., LERG SA, Nuplex Industries Ltd., Reichhold Inc, Satyen Polymers Pvt. Ltd, Satyen Polymers Pvt. Ltd., Saudi Basic Industries Corporation, Scott Bader Company Ltd., Tianhe Resin Co., Ltd., U-PICA Company, and UPC Technology Corp.
Global Unsaturated Polyester Resin Market Key Segments:
By Type
By End Use
By Region
The global Unsaturated Polyester Resin market was worth US$ 11.3 billion in 2020.
The global Unsaturated Polyester Resin market is expected to register a CAGR of 5.6% between 2022 and 2032.
AOC Resins, Ashland Inc, BASF SE, CCP Composites, Changzhou New Solar Co. Ltd., Dow Chemical, DuPont, Eternal Chemical Co. Ltd., Eternal Materials Co. are few prominent players active in the market.
The market is driven by the melioration of the significant end-use sector like construction, electronic industry, transportation, and marine sector.
North America is the principal contributor to the global Unsaturated Polyester Resin market.
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