Unsaturated Polyester Resins Market to Worth USD 17.36 Billion by 2030 | Skyquest Technology
SkyQuest Technology Consulting Pvt. Ltd.
4 min read
SkyQuest Technology Consulting Pvt. Ltd.
Unsaturated polyester resins market is segmented based on the type and end-user. The global unsaturated polyester resins market is segmented based on the type as orthophthalic, isophthalic & DCPD. Based on the end-user, the global unsaturated polyester resins market is segmented as building & construction, marine, transportation, pipes & tanks, artificial stone, wind energy, electrical & electronics- Industry Forecast 2023-2030
Westford, USA, July 25, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, various types of unsaturated polyester resins are experiencing a growing global demand, driven by their versatile applications in a wide range of end-use sectors. Among the different product types, orthophthalic resins, isophthalic resins, and dicyclopentadiene (DCPD) resins are the three main categories of the unsaturated polyester resins market.
Browse in-depth TOC on the "Unsaturated Polyester Resins Market"
Pages - 209
Tables - 66
Figures – 75
The growth of end-use industries stands out as one of the most significant drivers impacting the expansion of the unsaturated polyester resins market. As modern applications across various sectors demand better performance and enhanced properties, the need for UPRs has surged. Compared to conventionally used epoxy resins, these resins offer many advantages, including their cost-effectiveness and fast curing time.
Construction Segment is Expected to Grow in the Market Due tothe Pivotal Role in the Production of Composite Materials
The construction industry is the dominant force driving the global unsaturated polyester resins market. These resins are pivotal in producing composite materials used in construction applications. Unsaturated polyester resins are extensively utilized in manufacturing casting resins (non-reinforced) and plastics with glass fiber reinforcement.
The markets in the North America are witnessing substantial growth, primarily fueled by the expansion in critical sectors such as construction, electronics, and manufacturing. The versatility and excellent properties of unsaturated polyester resins market make them highly sought after in various applications within the construction industry.
Plastics Segment is Expected to Dominate the Market Due tothe Pivotal Role in the Production of Fiber-Reinforced Plastics
The plastics segment dominated the unsaturated polyester resins market in 2022, and its growth is projected to continue at a robust CAGR of 6.8% during 2023-2030. Unsaturated polyester resins play a pivotal role in producing fibre-reinforced plastics, which are widely used in various industries.
Regional markets in the Asia-Pacific are anticipated to emerge as the most promising unsaturated polyester resins market, driven by several key factors. The increased utilization of fiber reinforced plastic (FRP) pipes in countries such as Australia, India, and China has played a crucial role in boosting the demand for UPRs in the region.
A comprehensive analysis of the major players in the unsaturated polyester resins market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in the Unsaturated Polyester Resins Market
In 2020, INEOS made an essential development in North America's marine and recreational vehicle industries by introducing a new low-profile resin called Aropol LP 67400. This innovative resin was specifically designed to cater to the needs of boat builders and RV manufacturers, who prioritize high strength and robust processing capabilities in their products. Aropol LP 67400 offers exceptional performance characteristics, making it ideal for producing durable and reliable components for marine vessels and recreational vehicles.
AOC recently announced a significant change in its ownership structure. Lone Star Fund XI fully acquired the shares of AOC that CVC Capital Partners previously held. This acquisition marks an important milestone for AOC and is expected to bring new strategic opportunities and potential growth in the market.
Key Questions Answered in Unsaturated Polyester Resins Market Report
What specific growth drivers are projected to impact the market during the forecast period?
List the top companies in the market and explain how they have achieved their positions of influence.
In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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