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Global Unsaturated Polyester Resins Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled " Unsaturated Polyester Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity an d Forecast 2022-2027
," the global unsaturated polyester resins market size reached US$ 11.7 Billion in 2021.
Unsaturated polyester resins (UPR) can be referred as the condensation products of unsaturated acids or anhydrides and diols. They are a form of thermoset molding resins that are widely utilized in the manufacturing of plastic composites. They are generally characterized by excellent surface finish, high rigidity, improved electrical insulation, high tensile and impact strength, exceptional resistance against heat and corrosion, and dimensional stability against temperature variations.
As a result, they are extensively employed for the manufacturing of wood paints, coatings, composite materials, laminated panels, sanitaryware, and corrugated panels.
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The global market is primarily driven by the rising demand for fiber-reinforced plastics (FRP) across numerous industries, such as marine, construction and transportation. FRPs are lightweight, affordable, flexible in component designing and offer excellent corrosion resistance. Since they are commonly manufactured using UPRs, this providing a thrust to the market growth. Moreover, significant growth in the construction sector is creating a positive outlook for the market. UPRs are increasingly employed in the sector for manufacturing doors, building panels, forming pans, concrete rebars, electrical boxes and floor grafting.
The market is further driven by the extensive research and development (R&D) activities conducted by the players to launch bio-based UPRs that are characterized by excellent strength and improved recyclability. This, coupled with the continual technological advancement in the market, is acting as a major growth-inducing factor. Some of the other factors contributing to the market growth include the growing product utilization in the chemical industry for manufacturing adhesives, castings, and composites, and the widespread preference for non-reinforced cross-linked UPRs in the production of automotive repair components.
Looking forward, IMARC Group expects the market to grow at a CAGR of 6.28% during 2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/unsaturated-polyester-resins-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Type:
• Orthophthalic Resin
• Isophthalic Resin
• Dicyclopentadiene (DCPD) Resin
• Others
Breakup by End-Use:
• Building and Construction
• Automotive
• Marine
• Pipes, Ducts and Tanks
• Wind Energy
• Electrical and Electronics
• Others
Breakup by Form:
• Liquid Form
• Powder Form
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• AOC LLC
• Ashland LLC
• BASF SE
• CCP Composites Ltd
• E. I. Du Pont
• Allnex Resins Australia Pty Ltd
• Polynt Composites USA Inc
• Reichhold Inc
• Koninklijke DSM N.V
• Scott Bader Company Ltd
• Upc Technology Corporation
• etc
1. How has the global unsaturated polyester resins market performed so far and how will it perform in the coming years?
2. What are the key regional markets?
3. What has been the impact of COVID-19 on the global unsaturated polyester resins market?
4. What is the breakup of the market based on the type?
5. What is the breakup of the market based on the end-use?
6. What is the breakup of the market based on the form?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global unsaturated polyester resins market and who are the key players?
10. What is the degree of competition in the industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/unsaturated-polyester-resins-market/toc
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