The Unsaturated Polyester Resins by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Unsaturated Polyester Resins , The unsaturated polyester resins market size has grown strongly in recent years. It will grow from $10.43 billion in 2023 to $11.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the growth in emerging markets, rapid industrialization, growing chemical industry, and growing construction activities..
The unsaturated polyester resins market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the growth in the government support, the rising urbanization, the growing automotive industry and the growing demand for fiber-reinforced plastic (frp). Major trends in the forecast period include on bio-based uprs to develop monomer-free unsaturated polyester resins, focusing on new plant expansions, focusing on product innovations and focusing on partnerships and collaborations..
Growth in the construction industry is significantly contributing to the growth of the unsaturated polyester resins market. The construction industry is involved in maintaining, and repairing structures and buildings, and making new construction buildings. The growth in the building and construction industry drives the unsaturated polyester resins industry as they have properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength, and excellent compressive strength properties that are helpful in building and construction activities. There is a growth in the construction industry. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, growth in the construction industry is driving the unsaturated polyester resins market.
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The unsaturated polyester resins market covered in this report is segmented –
1) By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Other Types
2) By Form: Liquid Form, Powder Form
3) By End-User: Building And Construction, Automotive, Marine, Pipes, Ducts And Tanks, Wind Energy, Electrical And Electronics, Other End-Users
Top Major Players
DOW Inc.
BASF SE
INEOS Group Holdings S.A.
SABIC
UPC Technology Corporation
Product innovations are the key trends gaining popularity in the unsaturated polyester resins market. Unsaturated polyester resins-based technologies are being used for repairing activities. The end-users are adopting innovations to use better products in their operations. For instance, according to data by the defense research and development organization updated in 2021, a fast setting and high-strength polymer concrete composite (PolyCC) technology was developed as the binder resin based on an unsaturated polyester resin system to repair runways. It offers compressive strength by providing three-dimensional cross-linking within two hours. This is an innovative technology that does not require water and is workable in hot as well as sub-zero temperature conditions.
The unsaturated polyester resins market report table of contents includes:
1. Executive Summary
2. Unsaturated Polyester Resins Market Characteristics
3. Unsaturated Polyester Resins Market Trends And Strategies
4. Unsaturated Polyester Resins Market - Macro Economic Scenario
5. Global Unsaturated Polyester Resins Market Size and Growth
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32. Global Unsaturated Polyester Resins Market Competitive Benchmarking
33. Global Unsaturated Polyester Resins Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Unsaturated Polyester Resins Market
35. Unsaturated Polyester Resins Market Future Outlook and Potential Analysis
36. Appendix
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