According to the latest report by IMARC Group “Unsaturated Polyester Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global unsaturated polyester resins market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Unsaturated polyester resin (UPR) is a composite material consisting of glass-fiber reinforced plastics and a matrix incorporated with resins. It offers high tensile binding and impact strength along with an enhanced ability to withstand heat and corrosion. Unsaturated polyester resins are prominently used to manufacture composite materials, wood paints, laminated panels, coatings, coloring pastes, and sanitary wares.
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Market Trends:
The expanding construction sector and the growing number of infrastructural projects are primarily augmenting the market for UPR. Moreover, the rising demand for high tensile and lightweight materials for manufacturing automotive parts with better fuel efficiency is also proliferating the market growth. Additionally, the increasing application of unsaturated polyester resins as a raw material for producing tanks, pipes, sports equipment, ducts, etc., is further augmenting the product demand. In the coming years, the growing adoption of UPR in electronic equipment, such as substation devices, printed wiring boards, microwaves, etc., will continue to propel the global market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AOC LLC
- Ashland LLC
- BASF SE
- CCP Composites Ltd
- E. I. Du Pont
- Allnex Resins Australia Pty Ltd
- Polynt Composites USA Inc.
- Reichhold Inc.
- Koninklijke DSM N.V.
- Scott Bader Company Ltd.
- Upc Technology Corporation
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Type:
- Orthophthalic Resin
- Isophthalic Resin
- Dicyclopentadiene (DCPD) Resin
- Others
Breakup by End-Use:
- Building and Construction
- Automotive
- Marine
- Pipes, Ducts and Tanks
- Wind Energy
- Electrical and Electronics
- Others
Breakup by Form:
- Liquid Form
- Powder Form
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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