Global Unsaturated Polyester Resins (UPR) Market Size Was Valued at USD 11.62 Billion In 2022 And Is Projected to Reach USD 16.78 Billion By 2030, Growing at A CAGR of 4.7% From 2023 To 2030.
Unsaturated polyester resins (UPR) are widely used thermoset polymers known for their versatility and affordability. They are formed through a chemical reaction between various alcohols and acids, resulting in a strong, lightweight material when cured. UPR’s key advantage lies in its ability to be reinforced with fibers like fiberglass, creating a composite material with superior strength and durability. This makes them a valuable material across construction (roofing, pipes, flooring), transportation (boat hulls, car parts), and various industrial applications.
Key Prominent Players In The Unsaturated Polyester Resins Market:
- BASF SE (Germany)
- Scott Bader Company Ltd. (UK)
- Royal DSM NV (The Netherlands)
- Polynt-Reichhold Group (US)
- UPC Technology Corp. (Taiwan)
- INEOS Group (UK)
- Reichhold LLC (US)
- AOC LLC (US)
- Ashland Inc. (the US)
- Nuplex Industries Ltd. (Australia)
- U-PiCA Company Ltd (Japan) and others major key players.
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Global Unsaturated Polyester Resins Market Segmentation:
By Type
- Orthophthalic Resins
- Isophthalic Resins
- Dicyclopentadiene (DCPD)
- Others
By End Users
- Building & Construction
- Marine
- Land Transportation
- Pipes & Tanks
- Artificial Stone
- Others
Geographic Segment Covered in the Report:
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Unsaturated Polyester Resins market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Unsaturated Polyester Resins market segments and regions.
Market Dynamics And Factors For The Unsaturated Polyester Resins (UPR) Market
Growth Drivers:
Booming Construction Industry: UPR’s affordability and versatility make them ideal for various construction applications like roofing sheets, pipes, tanks, and flooring. The ongoing growth in the construction sector, particularly in developing economies, is a major driver for the UPR market.
Strong Demand in Transportation: UPR finds extensive use in the transportation sector for manufacturing boat hulls, car parts (panels, fenders), and other components. The increasing demand for lightweight and durable materials in transportation fuels UPR consumption.
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