Unsaturated Polyester Resins Market | Covid-19 Impact Analysis

Unsaturated Polyester Resins Market Insights

Unsaturated polyester resins market is likely to witness an impressive CAGR of 6.2% during the forecast period. The market for unsaturated polyester resins is lucrative with the rising demand from manufacturing industries of boat and ship building, wind blades, electrical & electronics, windmills, automotive applications, and sanitary ware.

Market Share Analysis

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Unsaturated Polyester Resins Market Share: By Type

Based on the type, the market has been segmented as orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins, and others. It is estimated that orthophthalic resins would lead the market in the coming five years, owing to their rich properties, such as cost-effectiveness, durability, and chemical tolerance. They are extensively used in manufacturing of hulls and decks of boats, wind blades, and land transportation components which drive the market globally. 

Unsaturated Polyester Resins Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as building & construction, land transportation, pipes & tanks, electrical & electronics, wind energy, artificial stones, and others. The building & construction segment is estimated to lead the market during the forecast period. This unprecedented growth is attributed to the rising demand for infrastructural developments in the emerging economies.

Unsaturated Polyester Resins Market Share: By Region

In terms of regions, Asia-Pacific is expected to remain the largest market for unsaturated polyester resins in the coming five years, by value and volume. China and India will be the growth engines of the region. The market is driven by the increasing demand for infrastructural developments during the forecast period. North America is also expected to be the largest market in the coming five years.

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Some of the unsaturated polyester resin manufacturers are-

• Reichhold Inc.
• Ashland Inc.
• Koninklijke DSM N.V.
• Polynt Group
• Aoc LLC
• BASF SE
• U-Pica Company Ltd.
• UPC Technology Corp.
• Nuplex Industries Ltd.
• Scott Bader Company Ltd. 

Market Scope & Segmentation

Unsaturated Polyester Resins are polymer that has been obtained as a result of polyalcohols and polyacids reaction. It is mainly polymer in liquid form that takes shape of sholid after curing. It is known to have properties of high durability and great strength.

Unsaturated Polyester Resins, after attaining the solid form, offers excellent lightness, great electrical insulation, higher strength, good surface finish, rigidity, and resistance to water and chemicals. They are highly in use in different areas such as composites, wood paints, panels, boat coats, coloring pastes, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The unsaturated polyester resins market is segmented into the following categories. 

Unsaturated Polyester Resins Market Size, Share, & Forecast, by Type:

• Orthophthalic Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Isophthalic Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Dicyclopentadiene (DCPD) Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others 
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Gelcoat Resins, Terephthalic Resins, and Chlorendic Resins)

Unsaturated Polyester Resins Market Size, Share, & Forecast, by End-Use Industry Type:

• Building & Construction 
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Fiberglass Reinforced Plastics (FRP))
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Land Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pipes & Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Artificial Stones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Unsaturated Polyester Resins Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]m.