Unsaturated Polyester Resins Market To Witness Huge Growth and Revenue Acceleration, Outlook, Insights forecast 2031
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
·
Resins
·
Tanks
·
Pipes
·
Scrubbers
·
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.
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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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