According to the latest report by IMARC Group, titled, “Unsaturated Polyester Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global unsaturated polyester resins market grow at a CAGR of around 5% during 2020-2025.
Unsaturated polyester resin (UPR) refers to a composite material consisting of glass-fiber reinforced plastics and matrix integrated with resins. This material offers high tensile binding and impact strength along with enhanced ability to withstand heat and corrosion. Unsaturated polyester resins are prominently used in the manufacturing of composite materials, wood paints, laminated panels, coatings, coloring pastes, and sanitary wares.
Market Trends
The expanding construction sector, along with the growing number of infrastructural projects, is primarily augmenting the market for UPR. Furthermore, the increasing demand for light and high tensile materials for manufacturing automotive parts with enhanced fuel efficiency is also driving the market growth. Moreover, the growing utilization of unsaturated polyester resins as a raw material for producing pipes, ducts, tanks, and sports equipment is further augmenting the product demand. Additionally, the increasing adoption of UPR in electronic equipment, such as microwaves, substation devices, and printed wiring boards, will continue to propel the global market.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Unsaturated Polyester Resins Market 2020-2025 Analysis and Segmentation:
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 the key players being 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, etc.
For more information about this report visit: https://www.imarcgroup.com/unsaturated-polyester-resins-market
The report has segmented the market on the basis of Type, End-Use, Form 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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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