Global Unsaturated Polyester Resins Market, By Form (Liquid Form and Powder Form), Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins and Other Resins), End User Industry (Building and Construction, Marine, Land Transportation, Pipes and Tanks, Electrical and Electronics, Wind Energy, Artificial Stones and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the unsaturated polyester resins market will witness a CAGR of 5.67% for the forecast period of 2021-2028. Rising product utilization by chemical industry, rising urbanization or construction activities especially in the developing economies and growth and expansion of energy industry are the major factors attributable to the growth of the unsaturated polyester resins market.
Unsaturated polyester resins are required for the production of composite materials, wood paints, laminated panels, coatings, colouring pastes and sanitary ware. The unsaturated polyester resins are the chemicals which are a result of condensation of unsaturated acids and diols with or without diacids. High physical strength, weather resistance and heat distortion temperature are the general properties/ characteristics of unsaturated polyester resins. The unsaturated polyester resins also offer thermal, flexure, mechanical, and morphological attributes and as a result are used in a wide range of applications. Further, when cross-linked with a vinyl reactive monomer, the unsaturated polyester resins form highly durable coatings.
Increasing demand and application of unsaturated polyester resins by marine industry is the root cause fuelling up the unsaturated polyester resins market growth rate. Rising infrastructural development and growth in the construction activities especially in the developing economies will further create lucrative growth opportunities for the unsaturated polyester resins market. Rising industrialization and growth and expansion of chemical industry will further induce growth in the demand for unsaturated polyester resins. Rising technological advancements in hydro and ice phobic property induction methodologies of unsaturated polyester resins will further bolster the unsaturated polyester resins market growth rate.
However, availability of substitutes in the market will further restrict the scope of growth for unsaturated polyester resins market. Fluctuations in the prices and supply of raw material will further derail the unsaturated polyester resins market growth rate.
This unsaturated polyester resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on unsaturated polyester resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Unsaturated Polyester Resins Market Scope and Market Size
The unsaturated polyester resins market is segmented on the basis of form, type and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of form, the unsaturated polyester resins market is segmented into liquid form and powder form.
- On the basis of type, the unsaturated polyester resins market is segmented into orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins and other resins.
- On the basis of end user industry, the unsaturated polyester resins market is segmented into building and construction, marine, land transportation, pipes and tanks, electrical and electronics, wind energy, artificial stones and others.
Global Unsaturated Polyester Resins Market Country Level Analysis
Global unsaturated polyester resins market is analysed and market size, volume information is provided by country, form, type and end user industry as referenced above.
The countries covered in the unsaturated polyester resins market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the unsaturated polyester resins market and will continue to flourish its trend of dominance during the forecast period as well. Growth and expansion of buildings and construction industry owing to rising infrastructural development and urbanization will propel growth in the demand for unsaturated polyester resins. Also, robust manufacturing base of the automotive industry in China, Japan, and India will also act as an important unsaturated polyester resins market growth determinant.
The country section of the unsaturated polyester resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Unsaturated Polyester Resins Market Share Analysis
The unsaturated polyester resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to unsaturated polyester resins market.
The major players covered in the unsaturated polyester resins market report are INEOS AG, Scott Bader Company Ltd., Xinyang Technology Group, Reichhold LLC 2, AOC, BASF SE, Dow, DSM, Ashland, DuPont, SWANCOR, LANXESS, ALLNEX GMBH, Polynt, UPC Technology Corporation, U-PICA Company.Ltd, Japan Society for Composite Materials, Jiangsu Fullmark Chemicals Co, Ltd, CHANGZHOU HUARI STEEL BALL CO., LTD. and Weifang Zeyuan Chemical Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.