Unsaturated Polyester Resins Market by Type (Orthophthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Overview:

The Unsaturated Polyester Resins Market held USD 12.35 billion in 2020 and is to grow with a CAGR of 6% from 2020-2028. UPRs or Unsaturated polyester resins are chemical compounds produced by the process of condensation of  diols  and unsaturated acids, with or without the diacids. When these compounds are cross-linked with a vinyl reactive monomer, these unsaturated polyester resins form extremely durable coatings and structures. Unsaturated polyester resins are designed for a variety of temperature controlled applications, including water geysers and refrigerated enclosures and other equipments. Unsaturated polyester resins are also used in the process of manufacturing  multiple  products, such as pipes, tanks, sanitary ware,  and high-performance parts for the construction, marine and automotive industries, thus driving the global unsaturated polyster resins market growth. Due to its  certain characteristics like ease of design, cost-effectiveness and fabrication, the unsaturated polyster resins are preferred over metallic counterparts, such as steel and aluminum.

Market Dynamics and Factors:

Orthopthalic unsaturated polyester resins is used mainly in the building and manufacturing industries. This segment is forecast to witness lucrative growth in the future, due to rapid population growth and urbanization, therefore promoting unsaturated polyster resin market growth. The different types of unsaturated polyester resins available in the market are orthophthalic polyesters, iso-phthalic polyesters, and dicyclopentadiene (DPCD). Due to their high tensile strength, flexibility, and superior chemical resistance, iso-phthalic polyesters are extensively used in the production of fiberglass reinforced plastics (FRP) and will be a major unsaturated polyster resin market trend . In addition, iso-phthalic polyesters become increasingly prevalent in the marine sector due to their remarkable water-resistant properties. The category of DCPD resins is forecast to see favorable demand owing to its applications in air spoilers, automotive bumpers, off-highway bonnets, fenders, body panels and rear and front body panels. Furthermore, variations in the cost of raw materials, such as maleic anhydride, glycols, and styrene and others, are expected to limit the global unsaturated polyster resin market growth over the forecast period.

Market Segmentation:

Based on the type, the unsaturated polyster resin industry is classified into Isophthalic, Orthophthalic & DCPD. On the basis of end-user, the market is segmented into land transportation, marine, building & construction, artificial stone, pipes & tanks, electrical & electronics and wind energy. Depending upon the geography, the global unsaturated polyester resins market includes regions like North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

In terms of unsaturated polyester resins sales, the Asia Pacific market dominates the global unsaturated polyester resin market share and is projected to retain predominance over the forecast period. The unsaturated polyester resin sales in Asia Pacific is projected to experience the fastest growth on the global unsaturated polyester resins market over the forecast period and will be a major unsaturated polyster resin market trend over the forecast period.. The unsaturated polyester resin market in North America accounts for the second-highest position of global consumer revenues. On the global economy, Europe's economy accounts for significant revenue from unsaturated polyester resins market share. The unsaturated resin demand for polyester in Europe is expected to experience substantial growth over the forecast period.

Competitive Scenario:

The companies working in global unsaturated polyester resin industry are U-PICA Company. Ltd., BASF SE, INEOS, Koninklijke DSM N.V., , Ltd., Satyen Polymers Pvt. Ltd., Dow, Polynt Eternal Materials Co., Scott Bader Company Ltd., LERG SA. UPC Group and Tianhe Resin Co., Ltd.

Unsaturated Polyester Resins Market Report Scope