Unsaturated Polyester Resins Market Expected to Rise at A High CAGR

Stratview Research has published a new report on the Unsaturated Polyester Resins Market, segmented by Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, and Other Resins), by End-Use Industry Type (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.

Market Highlights

Unsaturated polyester resins market is expected to grow from USD 9.88 billion in 2021 to USD 14.98 billion by 2028 at a CAGR of 6.05% during the forecast period of 2022-2028. The market for unsaturated polyester resins is lucrative with the rising demand from manufacturing industries of boat and ship building, wind blades, electrical & electronics, windmills, automotive applications, and sanitary ware.

Covid Impact

Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.

Segmentation –

This report studies the Unsaturated Polyester Resins Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on the type, the market has been segmented as orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins, and others. It is estimated that orthophthalic resins would lead the market in the coming five years, owing to their rich properties, such as cost-effectiveness, durability, and chemical tolerance. They are extensively used in manufacturing of hulls and decks of boats, wind blades, and land transportation components which drive the market globally.

Based on the end-use industry type, the market is segmented as building & construction, land transportation, pipes & tanks, electrical & electronics, wind energy, artificial stones, and others. The building & construction segment is estimated to lead the market during the forecast period. This unprecedented growth is attributed to the rising demand for infrastructural developments in the emerging economies.

In terms of regions, Asia-Pacific is expected to remain the largest market for unsaturated polyester resins in the coming five years, by value and volume. China and India will be the growth engines of the region. The market is driven by the increasing demand for infrastructural developments during the forecast period. North America is also expected to be the largest market in the coming five years.

Following are the key players in the Unsaturated Polyester Resins Market:

• Reichhold Inc.
• Ashland Inc.
• Koninklijke DSM N.V.
• Polynt Group
• Aoc LLC
• BASF SE
• U-Pica Company Ltd.
• UPC Technology Corp.
• Nuplex Industries Ltd.
• Scott Bader Company Ltd.

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