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  • Unsaturated Polyester Resins Market Analysis | 2022-2028

    Unsaturated Polyester Resins Market Analysis | 2022-2028

    Unsaturated Polyester Resins Market Analysis | 2022-2028
    Report code - SRAM241 Delivery - 2 Weeks
    Unsaturated Polyester Resins Market Size, Share, Trend, Forecast, Industry Analysis: 2022- See more...

    Market Insights

    "Unsaturated polyester resins market is expected to grow from USD 9.88 billion in 2021 to USD 14.98 billion by 2028 at a CAGR of 6.05% during the forecast period of 2022-2028".

    Unsaturated-Polyester-Resins-Market-Size

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    Market Dynamics

    Introduction

    Unsaturated Polyester Resins a polymer that has been obtained due to the reaction between polyalcohols and polyacids. It is mainly polymer in liquid form that takes the shape of a solid after curing. It is known to have properties of high durability and great strength. Unsaturated Polyester Resins, after attaining the solid form, offer 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.

    Unsaturated Polyester Resins Market Report Overview

    Market Size in 2028

    USD 14.98 Billion

    Market Size in 2021

    USD 9.88 Billion

    Market Growth (2022-2028)

    CAGR of 6.05%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Market Drivers

    Driver: Better performance in modern applications

    The growth of the UPRS market is driven by the demand for better performance in modern applications, driven by the increasing demand for UPRs. UPRs offer advantages like low prices, fast curing times, energy efficiency, and cost reductions, making them a significant player in the end-use industries.

    Restraint: Acceptance of other similar resins

    The acceptance of epoxy, vinyl ester, acrylic, and polyurethane resins is hindering the growth of the UPRS market. Epoxy resins, used in adhesives, coatings, casting materials, and composites, offer high strength, low shrinkage, and good adhesion, while vinyl ester has superior corrosion resistance and mechanical, and thermal properties.

    Opportunity: Emerging economies and their future growth.

    Emerging economies, including China, India, Brazil, and the Middle Eastern region, are investing in infrastructure development and long-term construction projects, with an estimated 11.2% growth rate in the APAC infrastructural segment, with 80% of this contribution coming from China, India, Japan, Australia, and South Korea.

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    Segment Analysis

    By Type

    "Orthophthalic resins would lead the market in the coming five years"

    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 will 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 the manufacturing of hulls and decks of boats, wind blades, and land transportation components which drive the market globally. 

    By End-Use Industry Type

     "Building & construction segment is estimated to lead the market during the forecast period"

    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 emerging economies.

    By Region

    "Asia-Pacific is expected to remain the largest market during the forecast period"

    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.

    Key Players

    The following are the key players in the Unsaturated Polyester Resins Market (arranged alphabetically)

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

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Unsaturated Polyester Resins Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The unsaturated polyester resins market is expected to witness an impressive growth of 6.05% CAGR during 2022-2028.

    The unsaturated polyester resins market size is expected to reach USD 14.98 billion in 2028.

    The building & construction segment is expected to lead the market during the forecast period.

    Orthophthalic resins is expected to lead the market in the coming years.

    Asia-Pacific is expected to remain the largest market for unsaturated polyester resins in the coming five years.