Global Unsaturated Polyester Resin Market
the market is estimated to portray a CAGR of xx% during the forecast period i.e. 2020-2030. As per the report, increasing construction activities owing to structural growth in the developing regions is likely to drive the market for unsaturated polyester resin in the coming years.
The worldwide unsaturated polyester resins market growth is majorly pushed by aspects such as rising demand for composite demand subject to its light weight, greater longevity, and cost efficiency. Unsaturated polyester resins are widely used in several sectors to enhance thermal, flexure complexes mechanical, and morphological characteristics.
Unsaturated polyester resins are broadly used in construction industry in water management systems such as tanks and pipes. In addition, rising flexibility and high erosion endurance qualities are estimated to escalate the growth of the global market in the coming years.
Growing demand produced by the frivolous sector in terms of improving consumer lifestyle is anticipated to accelerate the demand for market amidst the forecast period. Additionally, the unsaturated polyester resins are extensively used in automobile sectors manufacturing such as body panels owing to its light weight characteristics.
The market report on global unsaturated polyester resin market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD XXXX million.
• Based on product type, the orthophthalic segment emerged out as a key segment in the unsaturated polyester resin market across the globe.
• Based on end-use industries, the wind energy segment is witnessed to be the key segment in the market.
• Region-wise, the market in Asia Pacific emerged as the leading segment in the market for unsaturated polyester resin.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
Chemical sectors’ growth has resulted in an increase in tanks & pipes installation in storage & transportation which is projected to fuel further unsaturated polyester resins market growth in the coming years
Unsaturated Polyester Resins (UPRs) are chemicals prepared by the concentration of unsaturated acids and diols with or without diacids. The resins outline substantially resilient structures and coverings when cross-linked with a vinyl sensitive monomer. They are prepared for a broad scale of temperature purposes such as cooled insertions and hot water geysers, between the rest. It is used for manufacturing of a wide range of building such as automotive industries, construction, pipes, high-functioning constituents for the marine, tanks, and sanitary ware.
The global unsaturated polyester resin market is segmented by product type into orthophthalic, isophthalic, dicyclopentadiene and others. Among these, the orthophthalic segment emerged as the key segment, holding a market share of xx% in 2019. Based on end-use industries, the market is divided into building & construction, marine, land transportation, pipes & tanks, artificial stone, wind energy, electrical & electronics and others.
Among these, the wind energy emerged as the key segment of the market, holding xx% of the total market share in the year 2019. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in Asia Pacific is witnessed to be the key segment of the global unsaturated polyester resin market, acquiring xx% of the total market share in 2019.
Key Players in the Market
Some of the key players in global unsaturated polyester resin market are AOC LLC, UPC Technology Corporation, Ashland LLC, Scott Bader Company Ltd., BASF, Koninklijke DSM N.V., CCP Composites Ltd., E.I. Du Pont, Polynt Composites Inc. and Allnex Resins Pvt. Ltd.
Get Valuable Insights into Unsaturated Polyester Resin Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global unsaturated polyester resin market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market.
The global unsaturated polyester resin market is segmented by product type into orthophthalic, isophthalic, dicyclopentadiene and others. Based on end-users, the market for unsaturated polyester resin is segmented into building & construction, marine, land transportation, pipes & tanks, artificial stone, wind energy, electrical & electronics and others. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
Liquid Saturated Polyester Resin Market Segments by Application (Can & Coil Coatings, Automotive Coatings, 2K PU Coatings and Others); By End-Use (Food & Beverages, Industrial, Construction, Automotive and Others); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030