According to the latest report by IMARC Group, the global unsaturated polyester resins market to grow at a CAGR of around 5% during 2020-2025.
Unsaturated polyester resins (UPRs) are chemicals that are produced by the condensation of unsaturated acids and diols. These resins are durable, chemical resistant, easy-to-design, cost-effective and are preferred over steel and aluminum. Consequently, they are used in the manufacturing of a wide range of products, such as pipes and composite sanitary ware, and high-end components for the marine, automotive and construction industries.
The increasing construction activities, on account of the growing population and rapid urbanization, represent one of the major factors driving the global UPR market growth. In addition to this, owing to their heat resistant and hydrolytic stability properties, UPRs are employed in the chemical industry for manufacturing tanks and pipes, which are further utilized for storage and transportation purposes. Other than this, it also finds applications in the marine, aerospace, and power and energy industries worldwide. These factors collectively are anticipated to bolster the market growth in the upcoming years.
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View Report TOC, Figures and Tables:
Insights on Market Segmentation:
Market Breakup by Type:
- Orthophthalic Resin
- Isophthalic Resin
- Dicyclopentadiene (DCPD) Resin
Market Breakup by End-Use:
- Building and Construction
- Pipes, Ducts and Tanks
- Wind Energy
- Electrical and Electronics
View Report TOC, Figures and Tables: https://www.imarcgroup.com/unsaturated-polyester-resins-market
Market Breakup by Form:
- Liquid Form
- Powder Form
- Breakup by Region:
- North America
- Asia Pacific
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being AOC LLC, Ashland LLC, BASF SE, CCP Composites Ltd, E. I. Du Pont, Allnex Resins Australia Pty Ltd, Polynt Composites USA Inc., Reichhold Inc., Koninklijke DSM N.V., Scott Bader Company Ltd., Upc Technology Corporation, etc.
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