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, Trends, Dynamics, Forecast, & Growth See more...

Market Insights

The unsaturated polyester resins market was estimated at USD 9.88 billion in 2021 and is likely to grow at a CAGR of 6.05% during 2022-2028 to reach USD 14.98 billion in 2028.

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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.

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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Key Players

The following are the key players in the unsaturated polyester resins market:

  • 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.

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Segment Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Type-Analysis

Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, and Other Resins

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

End-Use Industry-Type Analysis

Building & Construction, Marine, Land Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, and Others

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

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

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

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.

Regional Analysis

"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.

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft coatings market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • 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 market players across the value chain in all four regions and industry experts to obtain both 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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering 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:

 By Type 

  • Orthophthalic Resins
  • Isophthalic Resins
  • Dicyclopentadiene (DCPD) Resins
  • Other Resins

By End-Use Industry Type 

  • Building & Construction
  • Marine
  • Land Transportation
  • Pipes & Tanks
  • Electrical & Electronics
  • Wind Energy
  • Artificial Stones
  • Others 

By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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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)

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.

The unsaturated polyester resins market was estimated at USD 9.88 billion in 2021.

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

The unsaturated polyester resins market is likely to grow at a CAGR of 6.05% during 2022-2028.

The major players operating in the global unsaturated polyester resins market are 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.

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

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

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