Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the unsaturated polyester resin market provides an in-depth analysis of segments and sub-segments in the global as well as regional unsaturated polyester resin market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional unsaturated polyester resin market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global unsaturated polyester resin market. According to the report, the global unsaturated polyester resin market is projected to grow at a CAGR of over 6% over the forecast period of 2022-2028.
The global unsaturated polyester resins market was valued at about USD 11200 million in 2022 and is expected to reach over USD 16000 million in 2028, with a CAGR of over 6% during the forecast period. Unsaturated polyester resins are basically utilized in the manufacturing of various plastic products, like sanitary ware, pipes, tanks, and gratings. High-performance parts for the transportation and marine industries, like body and closure panels, boat hulls/decks, fenders, and other substantial fiber-reinforced plastic parts are also made by the use of UPR. Coatings and adhesives both use unsaturated polyester resins. The rapidly enhancing infrastructure development is increasing the demand for unsaturated polyester resins. It is also used in paints and coating products to increase efficiency. The market for unsaturated polyester resins is also projected to grow rapidly owing to the increased usage by the construction industry.
For the production of items like window panels, roof tiles, floor tiles, and bathroom fixtures, this product is mostly used in the building and construction sectors. Excellent surface finish, water resistance, wear resistance, stiffness, and superior electrical insulation are all benefits of using this product. Therefore, the construction and building sector's increasing demand is a key factor for the growth of the unsaturated polyester resin market. Additionally, the growth of public housing and infrastructure projects in developing economies is augmenting the construction and building sector, which is projected to boost the market growth. The growing restoration projects and urban population along with the increased disposable incomes are also propelling the market growth during the forecast period. The demand for this product has rapidly grown among the various end-use industries. Nevertheless, as a result, replacements have been created and put on the market. These alternatives, such as nylon and epoxy resin, cause customers to switch to more readily available and less expensive resin raw materials, which slows the market's rate of expansion. Government rules and regulations about limiting the use of non-renewable resources and environmental protection as a conservation measure are also hampering the growth of the market.
On the basis of region, the market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region held the biggest market share for unsaturated polyester resins. Unsaturated polyester resin is now mostly produced and used in Asia-Pacific. Opportunities in the industrial and infrastructure sectors may arise as a result of low-cost labor, government initiatives like Make in India, and the proposed scheme for the growth of Indian entrepreneurship. A large demand for composite materials derived from this commodity is being driven by the economic development taking place in several nations, including China, India, and Japan. During the projection period, it is anticipated to lead the market.
The report on the global unsaturated polyester resin market covers segments such as type, and end-use industry. On the basis of type, the sub-markets include orthophthalic resin, isophthalic resin, dicyclopentadiene, and others. On the basis of the end-use industry, the sub-markets include building & construction, tanks & pipes, electrical, marine, transport, and other industries.
The report provides profiles of the companies in the market such as Reichold, Royal DSM, Deltech LLC, Polynt, Dow, Eternal Materials Co.,Ltd., INEOS, U-PICA Company. Ltd., Scott Bader Company Ltd., and AOC Resins.
The report provides deep insights into demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the unsaturated
polyester resin market. Moreover, the study highlights current market trends
and provides forecasts from 2022-2028. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings insight into
the market share of the leading players.
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