Global Unsaturated Polyester Resins Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating estimated revenue of USD xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.87% during the forecast period that is 2017-2025.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
Unsaturated polyester resin are produced by condensation process between acids such as Phthalic Anhydride, Maleic Anhydride, Isophthalic Acid, glycols like Di-ethylene Glycol, Propylene Glycol, and others. The unsaturated polyester resin market forecasted to grow due to its increasing application due to its thermosetting system in manufacturing trays, boats, shower stalls, swimming pools etc. Unsaturated polyester resin has an application over the construction industry as they are utilized in various areas such as fiber-reinforced plastics (FRP), marbles, artificial stones, putties, and granites, among others.
Dicyclopentadiene (DCPD) is one of the major resins of unsaturated polyester which is expected to propel the unsaturated polyester resin market at a high growth rate. DCPD which is a dimer of cyclopentadiene, helps to reduce the emission of styrene by 35 to 40 percent in polyester resins, poly dicyclopentadiene, hydro-carbon resins, and others, which are used in the production of equipment for construction, pipes, automotive body parts, large containers among others.
Various regulations which has been incorporated by European Union, World Health Organization, and United States Environmental Protection Agency (EPA), against the emission of styrene, as they produce high GHG emission compared to UPR. These regulations are expected to help the unsaturated polyester resin market to propel during the forecast period. The market of unsaturated polyester resin is to be driven by the increasing demand for composites and emerging trends for high-performance glass fiber and low-cost carbon fibers. According to the U.S. Department of Commerce, the compound annual growth rate (CAGR) of U.S. composites is expected to grow by 4.2% during 2017-2019, while the exports of U.S. composites is expected to be US$ 2.7 billion by the end of 2018. Owing to these factors the unsaturated polyester resin market is expected to propel during the forecast period of 2018-2025.
End-Use Industry Insights: The unsaturated polyester resin market is expected to grow due to its increasing demand in various industries such as marine, automotive, aerospace, construction, wind energy, and others. UPR finds its application in energy, aerospace, and automotive due to its lightweight and electrical insulation properties, which are used in aesthetic and paneling interiors of aircrafts, seat and dashboards of automotive, and others. These UPR’s helps to minimize the extra insulation cost and abiding to the regulations towards lightweight vehicles by various government and non-government organizes towards emission control. Isophthalic resins are mainly used in manufacturing of ships and boats, due to its unique water-resistant properties, more cost-friendly than other epoxies used for ship building, and are more flexible than other polyesters such as saturated polyester and others. DCPD resins is also expected to boost the unsaturated polyester resin market due to its application in increasing use for light vehicle parts and other automotive parts such as vehicles body panels, fenders, bumpers, and spoilers among others which provides a better fuel efficiency than traditional materials. According to the Office of Energy Efficiency and Renewable Energy, 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement and also helps in the reduction of CO2 gas emissions towards the environment. However, due to fluctuation of raw materials prices of glycols, maleic anhydride, and others the growth is expected to be hampered for the unsaturated polyester resins market during the forecast period.
The global unsaturated polyester resin market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific is expected to be the most dominating region for unsaturated polyester resins market throughout the forecast period from 2018 to 2025, while Europe is expected to be the fastest growing region for the unsaturated polyester resin market. Asia Pacific is expected to dominate the market due to UPR’s high demand in increasing infrastructure facilities coupled with the growing foreign and private investment at low interest rates in the developing economies. A large number of countries in the Asia Pacific are dominated by water fonts on its boundaries which calls for more marine defenses, pipes, and tanks. Thus, the application of unsaturated polyester resins in the construction of ships, tanks and other marine transportations in expected to boost the unsaturated polyester resins market during the forecast period.
Global Unsaturated Polyester Resins Market Size, Share Analysis By Region 2017
Global Unsaturated Polyester Resins Market Study Objective
1. To forecast the market size of unsaturated polyester resin market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of unsaturated polyester resin market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of unsaturated polyester resin market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of unsaturated polyester resin market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the unsaturated polyester resin market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Analysis
Major key players for unsaturated polyester resins market include BASF SE, UPC Technology Corp., Reichhold Inc., Koninklijke DSM N.V., Ashland Inc., U-Pica Company Ltd., AOC LLC, and Nuplex Industries Ltd., among others.
Global Unsaturated Polyester Resins Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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