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Unsaturated Polyester Resins Market Report
Unsaturated Polyester Resins Market Size, Share, Trend, Forecast, Industry Analysis: 2022-2028.
The Unsaturated Polyester Resins Market is segmented by Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, and Other Resins), by End-Use Industry Type (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, and Others), and by Region ...
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 are polymer that has been obtained as a result of reaction between polyalcohols and polyacids. It is mainly polymer in liquid form that takes shape of solid 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.
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.
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.
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.
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.
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.
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Report - Features |
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Market Segmentation |
3 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The unsaturated polyester resins market is segmented into the following categories.
Some of the unsaturated polyester resin manufacturers are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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
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.
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