The global unsaturated polyester resins market was valued at $11.0 billion in 2020, and is projected to reach $20.0 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
Unsaturated polyester resins are the result of condensation of unsaturated acids or anhydrides, as well as diols with or without diacids. The unsaturation present in this type of polyester provides a site for subsequent cross-linking. Unsaturated polyester resins have proven to be useful in a wide range of end-use industries including automotive, marine, transport, building, construction, aerospace, and electronic devices, making it a vital thermosetting system. Depending on diacids, diols, cross-linking agents, initiators, and other additives used, resins are combined with various fillers, reinforcements, and cured using free radical initiators to provide thermoset objects with a wide variety of chemical and mechanical properties. This versatility in the properties of final thermoset product associated with comparatively low cost has renewed the interest in these resins as an important matrix material for wide range of end-use industry.
The demand for unsaturated polyester resin is expected to increase in the future, owing to growth in industries such as building & construction, transportation, tanks & pipes, and wind energy especially in Asia-Pacific. Bio-based unsaturated polyester resins, which offer recyclability, good strength, and heat and corrosion resistance with lower thickness, are expected to drive the market growth. Technological breakthroughs, innovations, and studies carried out for expanding the unsaturated polyester resin (UPR) end-use industry scope are projected to foster demand of UPR. Moreover, use of unsaturated polyester resin in the synthetic stone industry is driven by increase in demand for decorative products around the world. Unsaturated polyester resins (UPRs) are used as bonding agents in creation of artificial stones. Terrazzo, artificial marble, artificial granite, and mini-crystal glass plates are all made of artificial stones. However, availability of alternative polymer resins for composites synthesis, such as epoxy resin and nylon is expected to limit demand for UPR in electrical end-use industry.
The global unsaturated polyester resins market is segmented on the basis of type, end-use industry, and region. On the basis of type, the global unsaturated polyester resins market size is segmented into orthophthalic resin, isophthalic resin, dicyclopentadiene, and others. On the basis of end-use industry, the global unsaturated polyester resins market is analyzed across building & construction, tanks & pipes, electrical, marine, transport, artificial stones and others. On the basis of region, the global unsaturated polyester resins market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global unsaturated polyester resin industry AOC, BASF SE, Dow, INEOS Group, LERG SA, Polynt-Reichhold Group, Royal DSM, Scott Bader Company Ltd., Tianhe Resin Co., Ltd., and UPC Group.
Unsaturated polyester resins are the result of condensation of unsaturated acids or anhydrides, as well as diols with or without diacids. The unsaturation present in this type of polyester provides a site for subsequent cross-linking. Unsaturated polyester resins have proven to be useful in a wide range of end-use industries including automotive, marine, transport, building, construction, aerospace, and electronic devices, making it a vital thermosetting system. Depending on diacids, diols, cross-linking agents, initiators, and other additives used, resins are combined with various fillers, reinforcements, and cured using free radical initiators to provide thermoset objects with a wide variety of chemical and mechanical properties. This versatility in the properties of final thermoset product associated with comparatively low cost has renewed the interest in these resins as an important matrix material for wide range of end-use industry.
The demand for unsaturated polyester resin is expected to increase in the future, owing to growth in industries such as building & construction, transportation, tanks & pipes, and wind energy especially in Asia-Pacific. Bio-based unsaturated polyester resins, which offer recyclability, good strength, and heat and corrosion resistance with lower thickness, are expected to drive the market growth. Technological breakthroughs, innovations, and studies carried out for expanding the unsaturated polyester resin (UPR) end-use industry scope are projected to foster demand of UPR. Moreover, use of unsaturated polyester resin in the synthetic stone industry is driven by increase in demand for decorative products around the world. Unsaturated polyester resins (UPRs) are used as bonding agents in creation of artificial stones. Terrazzo, artificial marble, artificial granite, and mini-crystal glass plates are all made of artificial stones. However, availability of alternative polymer resins for composites synthesis, such as epoxy resin and nylon is expected to limit demand for UPR in electrical end-use industry.
The global unsaturated polyester resins market is segmented on the basis of type, end-use industry, and region. On the basis of type, the global unsaturated polyester resins market size is segmented into orthophthalic resin, isophthalic resin, dicyclopentadiene, and others. On the basis of end-use industry, the global unsaturated polyester resins market is analyzed across building & construction, tanks & pipes, electrical, marine, transport, artificial stones and others. On the basis of region, the global unsaturated polyester resins market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global unsaturated polyester resin industry AOC, BASF SE, Dow, INEOS Group, LERG SA, Polynt-Reichhold Group, Royal DSM, Scott Bader Company Ltd., Tianhe Resin Co., Ltd., and UPC Group.
COVID-19 Analysis:
- The construction work has been temporarily halted keeping in mind the concerns regarding workers in the construction industry.
- Due to COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
- The companies are not earning any profit as a result of the work stoppage and not only the companies are losing money but they are also losing suppliers who are providing the required materials to various companies to be used in construction sector, all those suppliers are also facing huge losses.
- Firms are not earning any profit as a result of the work stoppage, and not only are the companies losing money, but so are all of the suppliers that provide the needed supplies to various companies for use in the construction sector.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce; thus, negatively impacting the production and construction processes.
- COVID-19 has made a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. According to the World Bank and IMF, the biggest economic recession will occur between 2020 and 2021. Economic activity is diminishing as a result of an increasing number of countries implementing and prolonging lockdowns, which has an influence on the global economy.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global unsaturated polyester resin market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global unsaturated polyester resin industry for strategy building.
- A comprehensive market analysis covers factors that drive and restrain the global unsaturated polyester resin market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
KEY BENEFITS FOR STAKEHOLDERS
- The global unsaturated polyester resins market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global unsaturated polyester resins market forecast for the period 2021–2030.
- The report outlines the current global unsaturated polyester resins market trends and future scenario of the global unsaturated polyester resins market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global unsaturated polyester resins market study.
KEY MARKET SEGMENTS
By Type
- Orthophthalic Resin
- Isophthalic Resin
- Dicyclopentadiene
- Others
By End-use industry
- Building & Construction
- Tanks & Pipes
- Electrical
- Marine
- Transport
- Artificial Stones
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- AOC
- BASF SE
- Dow
- INEOS Group
- LERG SA
- Von Roll
- Royal DSM
- Scott Bader Company Ltd.
- Tianhe Resin Co., Ltd.
- UPC Group
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: UNSATURATED POLYESTER RESIN MARKET, BY TYPE
CHAPTER 5: UNSATURATED POLYESTER RESIN MARKET, BY END-USE INDUSTRY
CHAPTER 6: UNSATURATED POLYESTER RESIN MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- AOC
- BASF SE
- Dow INEOS Group
- LERG SA
- Polynt-Reichhold Group
- Royal DSM
- Scott Bader Company Ltd.
- Tianhe Resin Co. Ltd.
- UPC Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 369 |
| Published | November 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 11 billion |
| Forecasted Market Value ( USD | $ 20 billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
