A certain combination of polyalcohols and poly acids can polycondensate to form a polymer called polyester resin. Unsaturated polyester resins (UPR) are a particular variety of polyester resins that, after being repaired, can assume the form of a mold. Strength and longevity are greater with unsaturated polyester resin. Unsaturated polyester resins come in a variety of types, including orthophthalic resin, dicyclopentadiene (DCPD) resin, and isophthalic resin. Due to their improved features and increased advantages, unsaturated polyester resins are used in a wide range of sectors. To make glass fiber-reinforced plastic (FRP), unsaturated polyester resin (UPR), a type of thermoset molding resin, is used.
Market Dynamics:
Driver:
The main factor driving the market expansion of unsaturated polyester resins is the rising demand for the product from the building and construction sector. They are widely used over materials like glass, concrete, roofs, and synthetic stone where resistance and flexibility are needed. Unsaturated polyester resins also give structures important additional qualities like longevity, low upkeep, impact resistance, load bearing, sealing, weight reduction, and space savings. Additionally, the demand for composites is rising across the marine, aerospace, building, and automotive sectors due to their flexibility and lower cost.
Opportunities:
The latest market opportunities are predicted to be brought by strong development in end-user industries such as marine, automotive, consumer goods, aerospace, and building construction across emerging countries. The largest market for unsaturated polyester resins is in long-term construction projects and infrastructure growth in developing nations. The economies of India, China, Brazil, and the Middle Eastern region will likely boost their infrastructure spending. The estimated overall growth rate for APAC in the infrastructure sector is 11.2%, with India, Australia, South Korea, Japan, and China accounting for 80% of that development.
Players Covered In Unsaturated Polyester Resins Market:
BASF SE (Germany), Scott Bader Company Ltd. (UK), Royal DSM NV (The Netherlands), Polynt-Reichhold Group (US), UPC Technology Corp. (Taiwan), INEOS Group (UK), Reichhold LLC (US), AOC LLC (US), Ashland Inc. (the US), Nuplex Industries Ltd. (Australia), U-PiCA Company Ltd (Japan) and others major key players.
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Market Segmentation:
By Type
- Orthophthalic Resins
- Isophthalic Resins
- Dicyclopentadiene (DCPD)
- Others
By End Users
- Building Construction
- Marine
- Land Transportation
- Pipes Tanks
- Artificial Stone
- Others
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Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Benefits for Industry Participants Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape strategies of key players
- Potential niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Unsaturated Polyester Resins Market
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