The report "Unsaturated Polyester Resins Market by Type (Ortho phthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) & Region - Global Forecast to 2026" The Unsaturated polyester resin market size is projected to reach USD 12.9 billion by 2026. The global unsaturated polyester resins market size will grow to USD 12.9 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 6.1% during the 2021-2026 period. The driving factor for the UPR’s market is its economic price in comparison with other resins and high growth in end-use industries like Building & Construction and Wind energy.
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Building and Construction is the largest end-use industry of unsaturated polyester resin (UPR).
Building & construction is the most crucial end-use segment for the UPRs market. In emerging economies, substantial investments are being made in the infrastructure sector, propelling the development of the construction industry. The rapid expansion of the sector in the growing countries is helping in the growth of UPR’s market. The increase in the domestic market, increasing income levels & spendings, and easily available resources at low price is making APAC region the highest contributor of building & construction segment.
Dicyclopentadiene (DCPD) is the fastest-growing resin segment of the Unsaturated polyester resin market.
DCPD resins have low VOC, which is the biggest reason for its increased demand. DCPD can be used as a primary base of a resin formulation or blend with orthophthalic or isophthalic resins to enhance properties. The major advantage of DCPD resins over orthophthalic resins is their lower shrinkage property, which offers superior smoothness with minimal or no visual print-through from reinforcing fibers. The increased awareness about the usage of DCPD will lead it to grow in near future.
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APAC is the largest Unsaturated polyester resin (UPR) market globally.
APAC is projected to lead the unsaturated polyester resin (UPR) market and this dominance is expected to continue till 2026. The market in the region is witnessing high growth in Building & Construction, Transportation, Aerospace and Electrical & Electronics industry. The key markets in the region include China, India, South Korea, and Japan. India, China, and Indonesia are investing heavily in various end-use industries, which is likely to influence market growth.
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The key players profiled in the Unsaturated polyester resin market report are Polynt-Reichhold Group (US), INEOS Composites (UK), Royal DSM (The Netherlands), AOC (US), and BASF SE (Germany).
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COVID-19 Impact Analysis on Unsaturated Polyester Resin Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Unsaturated Polyester Resin include BASF SE, INEOS, Polynt, Eternal Materials Co., Ltd., U-PICA Company.
Ltd., Scott Bader Company Ltd., UPC Group, LERG SA., and Tianhe Resin Co., Ltd..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Unsaturated Polyester Resin Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/unsaturated-polyester-resin-market/download-sampleMarket SegmentationThe broad Unsaturated Polyester Resin has been sub-grouped into the Product Type, End-Use, and Region.
