The companies covered in the Unsaturated Polyester Resins market are Reichold (US), Royal DSM (Netherlands), Deltech (US), Polynt (Italy), Dow (US), BASF SE (Germany ), INEOS (UK), U-PICA Company. ltd. (Japan), UPC Technology Corporation (Taiwan), Scott Bader Company Ltd. (UK) and others.
Pune, India, March 07, 2022 (GLOBE NEWSWIRE) — The world unsaturated polyester resins market is poised to gain momentum with growing demand from many end-use industries, such as marine, electrical and electronics, aerospace, and automotive. The report further indicates that the market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the forecast period.
COVID-19 pandemic: shortage of raw materials could lower demand
The COVID-19 pandemic has affected a wide range of industries around the world, disrupting business and manufacturing activities. The lockdown has also caused a shortage of raw materials. Consequently, the costs of finished products rose rapidly. These factors are expected to drive down the demand for unsaturated polyester resins in the near future.
Get a sample PDF brochure:
A list of all major UPR manufacturers operating in the global market:
Royal DSM (Netherlands)
Dow (United States)
BASF SE (Germany)
U-PICA Company. ltd. (Japan)
UPC Technology Corporation (Taiwan)
Scott Bader Company Ltd. (UK)
Other key players
How did we create this report for you?
We follow an innovative research methodology that includes triangulation of data based on bottom-up and top-down approaches. We perform extensive primary research to validate the projected market figures. The data used to estimate forecasts for various segments at national, regional and global levels is collected through interviews with various key stakeholders. We also pull information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and market dynamics.
The marine segment will grow steadily fueled by the use of surfboards and boat decks
Based on application, the marine segment generated 8.84% in terms of unsaturated polyester resin market share in 2019. It is expected to show substantial growth supported by the increasing use of UPR in the surfboards, fiberglass panels, interior and exterior parts, and boat decks.
Browse Detailed Abstract of Research Report with TOC:
Drivers and Constraints-
Excellent surface finish and water repellent to increase growth
The building and construction industry is the major user of unsaturated polyester resins, as the material is needed in the production of bathroom fixtures, floor tiles, tiles and window panels. It also has some beneficial properties, such as good electrical insulation, rigidity, wear resistance, water impermeability and excellent surface finish. These factors are expected to propel the growth of the unsaturated polyester resin market in the coming years. However, the availability of many substitutes in the market would hamper the growth.
Asia-Pacific leads, fueled by demand from construction and marine industries
Geographically, Asia-Pacific purchased USD 6,606.2 million in 2019 in terms of revenue. It is likely to maintain its dominant position in the coming years due to the growing demand for unsaturated polyester resins in many industries, such as aerospace, marine, building & construction, and automotive. Emerging countries, namely Japan, India and China, are expected to contribute to this growth due to continued economic development.
On the other hand, North America is expected to show a large share fueled by rising disposable income and technological advancements in the region. In Europe, Germany would show the strongest growth due to automobile sales and production.
Find out before you buy this research report:
Detailed Table of Contents:
Talk to our expert:
The key players are focusing on various organic and inorganic strategies to compete in the market
The global unsaturated polyester resins market is home to several well-known manufacturers. Most of them adopt strategies of collaboration, acquisitions, new product launches and expansion of distribution channels. Below is one of the latest industry developments:
Take a look at related research information:
fiberglass market Analysis of the size, share and impact of COVID-19, by type of glass (E glass and specialty), by product (glass wool, wire, roving, cut strands and others), by application (transport , Building & Construction, Electrical & Electronics, Pipe & Tank, Consumer Goods, Wind Energy, and Others) and Regional Forecast, 2021-2028
Graphite market Size, Share and Impact Analysis of COVID-19, by Product (Synthetic and Natural), by Application (Refractories, Foundries, Batteries, Friction Products, Lubricants and Others) and Regional Forecast, 2021-2028
Fortune Business Insights™ delivers expert business analysis and accurate data, helping organizations of all sizes make timely decisions. We adapt innovative solutions to our customers, helping them to meet the challenges specific to their activities. Our goal is to give our clients holistic market intelligence, providing granular insight into the market they operate in.
Fortune Business Insights™ Pvt. ltd.
9th floor, icon tower,
Baner, Pune-411045, Maharashtra, India.
USA: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245