February 27, 2020

Unsaturated Polyester Resin Market will be growing at a CAGR of 5.50% during the forecast period from 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Unsaturated Polyester Resin Market – Growth, Future Prospects, and Competitive Analysis, 2018-2026,” the global Unsaturated Polyester Resin market was valued at US$ 10,052.8 million in 2017, with CAGR expected to grow by 5.50 percent from 2018 to 2026.

Market Insights

Unsaturated polyesters are copolymers derived from polymerizing diol with saturated and unsaturated dicarboxylic acids or their anhydrides. Unsaturated Polyester Resin market size was valued at US$ 10,052.8 million in 2017, with a CAGR growth of 5.50 percent over the forecast period from 2018 to 2026. Unsaturated Polyester Resin market is driven by a variety of factors, such as increasing demand from end-use industries, essential polymers for the production of composite materials, economical options compared to other resins, etc. Due to its thermal, flexible composites, mechanical and morphological properties, unsaturated polyester resins are widely used in various industries. In addition, they are used in the manufacture of composites due to strong mechanical properties. The Orthophtalic type is the leading segment followed by the Isophthalic type in 2017. Orthophthalic is the most preferred type of resin to other resins due to low cost, toughness and chemical resistance.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/unsaturated-polyester-resins-market

Building & Construction held the largest market share of Unsaturated Polyester Resin by the end-use industry in 2017. In the construction and construction industry, unsaturated polyester resins find promising applications in roofing, building panels, concrete forming panels, reinforcement, and household composite structures. Renovation activities for aging infrastructure around the world, particularly in developed economies, are expected to boost demand for unsaturated polyester resins from the construction and construction industry. Unsaturated Polyester Resins has a positive outlook in the end-use transport sector due to increased lifespan and improved performance of end-products, even in an adverse and challenging environment. In addition, increasing demand for automotive parts with higher rigidity and wear resistance creates an increasing pressure on manufacturers to produce special resins, such as UPR, which can be reinforced with a filler without affecting the dynamic load.

Based on geography, the global market for unsaturated polyester resin dominated Asia-Pacific in terms of value and volume in 2017. China and India are among the major markets for Asia-Pacific due to the booming construction, automotive and electronics end-use industries. China is also the world’s largest producer of unsaturated polyester resins. Many manufacturers move from developed to developing countries through mergers and acquisitions, joint ventures and partnerships due to low availability of raw materials, labor and liberal government policies that also fuel supply for unsaturated polyester resins in emerging economies. Reichhold Industries Inc., for example, proposed to establish an additional production unit for unsaturated composite resin in Pune, India, in February 2016.

Since, Unsaturated Polyester Resins market is moving towards consolidation, merger, and acquisition is the key strategy adopted by many giants to get an edge over other players in this highly competitive market. Key manufacturers of unsaturated polyester resins include Reichhold Inc. (U.S.), Ashland Inc. (U.S.), BASF SE (Germany), Scott Bader (U.K.) and Royal DSM (Netherlands) among others.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59239

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Type Segment

  • Orthophthalic Resins
  • Isophthalic Resins
  • Dicyclopentadiene Resins
  • Other Resins

By End-use Industry

  • Building & Construction
  • Marine
  • Transportation
  • Pipes & Tanks
  • Electrical & Electronics
  • Wind Energy
  • Others (artificial stones, coatings, etc.)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59239

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