Unsaturated Polyester Resins Market by Type (Orthophthalic Resin, Isophthalic Resin, Dicyclopentadiene, and Others), End-Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026420 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 10.1 billion mark in 2022 and is expected to hit US$ 16.0 billion by 2030, recording a CAGR of 6.0% during the forecast period.

 

The unsaturated polyester resin market is growing significantly due to rising demand from the building and construction industry.

Unsaturated Polyester Resins have a wide range of applications, including manufacturing of fiber-reinforced plastics, sanitaryware, tanks, pipes, and high-performance components for the marine and transportation industry, coatings, adhesives and other large glass fiber reinforced plastic items. The rise in construction activities is anticipated to contribute significantly to the growth of the unsaturated polyester resins market. The building and construction activities includes buildings, maintaining, and repairing structures. The utilization of unsaturated polyester resins is attributed to its varied properties such as rapid strength gain, chemical resistant, corrosion resistant, high impact strength, and excellent compressive strength which act as aid in building and construction. The utilization of UPR leads to enhanced efficiency and 35%-40% reduction in costs.

Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is further segmented into orthophthalic resin, isophthalic resin, dicyclopentadiene, and others. Based on the end-use industry, the market is bifurcated into building & construction, marine, transportation, pipes & tanks, artificial stone, wind energy, electrical & electronics, others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

Increase in Usage of Unsaturated Polyester Resins in Pipe Re-lining and Building & Construction

Demand for unsaturated polyester resins is increasing rapidly, particularly in the Asia Pacific, due to the expansion of end-use sectors such as pipelines and tanks, building & construction, transportation and wind energy. Unsaturated polyester resins have involved the interest of several manufacturing industries in the past few years due to their flexible attributes and minimum cost of production. Besides, the popularity of polyester resins as a thermosetting system is growing in several applications in end-use sectors for producing composites. The global unsaturated polyester resins market is propelled to expand steadily shortly, owing to various factors, including the expansion of end-use industries.

Rise in Use of unsaturated Polyester in Building and construction end-use

The highly flexible nature of unsaturated polyester resins, in addition to their reasonable cost, makes them suitable for application in various segments. Resin manufacturing, marble manufacture, fake stone, electrical appliances, and pipe relining are only a few of these businesses. Augmented demand for unsaturated polystyrene resin for several applications in the booming construction sectors is anticipated to provide significant opportunities to the market. The rising demand for unsaturated polyester resins in the construction industry is due to the extreme demand for products that are resistant to erosion, lightweight, and versatile.

 

Recent strategic developments in the unsaturated polyester resins market

The unsaturated polyester resins market has undergone several significant developments, and a few of these have been mentioned below:

  • INEOS introduced a new low-profile resin for the recreational vehicle markets and marine in North America in February 2020.

 

The unsaturated polyester resins market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Polynt-Reichhold Group, INEOS Group, Royal DSM, AOC, and BASF SE are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Building & construction manufacturers
  • Non-structural furniture parts manufacturers
  • Healthcare industry
  • Consumer goods manufacturer
  • Unsaturated polyester resins-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Semiconductor component suppliers
  • Display panel and devices distributors and sales firms
  • End users of electrical & electronics
  • Transportation manufacturers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Orthophthalic resin
    • Isophthalic resin
    • Dicyclopentadiene (DCPD)
    • Others
  • End-use Industry
    • Building & Construction
    • Marine
    • Transportation
    • Pipes & Tanks
    • Electrical & Electronics
    • Wind Energy
    • Artificial Stones
    • Others

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Polynt-Reichhold Group
    • INEOS Group
    • Royal DSM
    • AOC
    • BASF SE

Companies profiled
- Polynt-Reichhold Group
- INEOS Group
- Royal DSM
- AOC
- BASF SE


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