Global Unsaturated Polyester Resins Market, By Type, End-user, Geography – Industry Trends and Forecast to 2024
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The Global Unsaturated Polyester Resins Market accounted for USD 9.31billion in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Unsaturated polyester resins (UPRs) are synthetic resins formed by the reaction of a dibasic organic acid and a polyhydric alcohol. UPRs are thermoset resins that are capable of being recovered from a liquid or solid state.
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The latest trend in this market is high demand of UPRs in construction and wind energy sectors. This product is considered to be economical than other resins.
There is growing demand of unsaturated polyester resins for applications such as building & construction, artificial stones, pipes & tanks, transport, electrical, marine and others.
Major Market Drivers:
- Growth in construction and wind energy industries
- Growth in FRP, automotive, and composites manufacturing industries
- Advantages of unsaturated polyester resins as compared to others resins
- Growing threat of substitutes
Global Unsaturated Polyester Resins Major Market Competitors:
Some of the major players in unsaturated polyester resins market include AOC Resins, Ashland Inc., BASF SE, DuPont, CCP Composites, DSM, Scott Bader Company Ltd., The Dow Chemical Company, Tianhe Resin Co., Ltd., UPC Technology Corp., Satyen Polymers Pvt. Ltd., SABIC Innovative Plastics Holding BV, Eternal Chemical Co. Ltd., Changzhou Yabang Chemical Co., Ltd (New Solar Co. Ltd.), Reichhold Inc., Lanxess AGand many more.
Global Unsaturated Polyester Resins Market Segmentation:
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The unsaturated polyester resins market is segmented on the basis of type into orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins, and other resins.
On the basis of end-user, the market is segmented into building & construction, artificial stones, pipes & tanks, transport, electrical, marine and others.
On the basis of geography, the unsaturated polyester resins market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, Asia-Pacific is expected to dominate the market.
Global Unsaturated Polyester Resins Market Competitive Landscape:
The global unsaturated polyester resins market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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