Press release
Unsaturated Polyester Resin Market is estimated to reach USD 20.13 Billion by 2030 : Cognitive Market Research
Unsaturated Polyester Resin Market is estimated to reach USD 20.13 Billion by 2030 : Cognitive Market Research
What is Unsaturated Polyester Resin?
- Unsaturated polyester resins are among the most commonly used thermoset polymers as a substrate in composites. Unsaturated polyester resins are derived from the condensation of unsaturated acids or anhydrides and diols with or without diacids. It has distinctive characteristics such as high strength and modulus, high resilience to water, room temperature cure capacity, and transparency, making it ideal for a wide range of industrial applications.
Summary:
- The Unsaturated Polyester Resin Market will grow from USD 12.41 Billion in 2022 to USD 20.13 Billion by 2030, at a CAGR of 6.2% during the forecast period of 2023-2030.
"To know more about The Unsaturated Polyester Resin Market statistics click here: https://www.cognitivemarketresearch.com/unsaturated-polyester-resin-market-report
Market Dynamics:
• The growing industrial usage drives the Unsaturated Polyester Resin Market growth
Unsaturated polyester resins are light in weight. As a result, it is extensively used by engineers, architects, designers, and builders. Unsaturated polyester polymers are primarily used in the manufacture of glass fiber-reinforced plastics (FRP). They are broadly used for housing equipment, building materials, and transit equipment due to their exceptional tensile strength, bending strength, impact strength, heat resistance, corrosion resistance, and electric property.
• Availability of numerous polyester resins can hamper the market growth
Nowadays, a significant number of polyester structures with a broad range of properties and uses are used in industry. Some of these include saturated polyester resins, alkyd resins, vinyl ester resins, fire-resistant polyester resins, electrical-resistant polyester resins, low-styrene emission polyester resins, and many others. Hence the availability of alternative solutions may hamper the growth of the market.
• Rise in the electric vehicle will boost the market growth
Electric car sales have grown dramatically over the last decade, owing to dropping lithium-ion battery pack costs. In 2021, global electric vehicle sales reached just under seven million units. According to the Net Zero Emissions, by 2050 Scenario, there will be over 300 million electric vehicles in 2030, with electric cars accounting for 60% of new car purchases. This led to a rise in the demand for unsaturated polyester resins.
Unsaturated Polyester Resin Market Segmentation:
Type
• Orthophthalic
Orthophthalic (ortho) is mainly made up of orthophthalic acid, with a styrene content varying between 35% and 45%. It is used in low-cost situations where strong temperature, corrosion protection, or mechanical characteristics are not required.
• Isophthalic
Isophthalic (iso) includes 42% - 50% styrene and is favored for corrosion environments, higher temps, and stronger uses. It also performs well in a variety of uses, such as isophthalic polyester resins are ideal for fiberglass fabrications while staying cost-effective.
• Terephthalic
• Dicyclopentadiene
• Others
Application
• Marine and Automotive
Unsaturated polyester resins have adhesive properties that make them perfect for adhering to various layers of fiberglass for constructing body panels in boats, cars, and airplanes. It is used to build lightweight aircraft and racing vehicles because it is lightweight and tensile. It is also used in the maritime industry to build vessels and yachts. These materials are also used to construct the interior structures of the vessels.
• Construction
Unsaturated polyester resins are used as a source of strength in a variety of construction components due to their lightweight nature, unsaturated polyester resins. It is combined with acrylics to create cabinet fittings and shower enclosures. It is also used to coat metals as an ornamental substance. It is now extensively used, along with fiberglass, to coat structures for weatherproofing and insulation.
• Furnishing
• Packaging
• Electronics
The Major Players in Unsaturated Polyester Resin Market are:
AOC LLC, INEOS, BASF SE, Polynt, LERG SA, Koninklijke DSM N.V., U-PICA Company. Ltd., Eternal Materials Co.Ltd., Satyen Polymers Pvt. Ltd., CIECH Group, Dow Inc., UPC Group, Scott Bader Company Ltd., Deltech Corporation, Tianhe Resin Co.Ltd., Qualipoly Chemical Corp.
Get free sample pages of the latest published Unsaturated Polyester Resin market Report:
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Regional Analysis:
• Asia Pacific dominates the Unsaturated Polyester Resin Market
The Global Unsaturated Polyester Resins market is geographically divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the market owing to the availability of cheap raw materials, low cost of production, government schemes, rapid urbanization and industrialization, and many others.
Unsaturated Polyester Resin Market Recent News:
In October 2020, AOC, Kaprain, and Spolchemie have announced an arrangement in which AOC will acquire the Unsaturated Polyester Resin (UPR) manufacturing activities at the Spolchemie facility in Usti nad Labem. (Czech Republic). This footprint expansion will enable AOC to enhance service and logistics to its clients in Central/ Eastern Europe as well as in Germany, as well as to make novel goods (e.g., based on recycled PET) accessible to customers throughout Europe.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Unsaturated Polyester Resin Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Unsaturated Polyester Resin Market Segmentation
1.5.1 Unsaturated Polyester Resin Market Regional Fragmentation
1.5.1 Unsaturated Polyester Resin Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Unsaturated Polyester Resin Market
Chapter 4 Global Unsaturated Polyester Resin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Unsaturated Polyester Resin Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Unsaturated Polyester Resin Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Unsaturated Polyester Resin Market Regional Analysis
Chapter 12 North America Unsaturated Polyester Resin Market Outlook (2018 - 2030)
Chapter 13 Europe Unsaturated Polyester Resin Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Unsaturated Polyester Resin Market Outlook (2018 - 2030)
Chapter 15 Latin America Unsaturated Polyester Resin Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Unsaturated Polyester Resin Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Unsaturated Polyester Resin Market TOC click here: https://www.cognitivemarketresearch.com/unsaturated-polyester-resin-market-report#table_of_contents
Related Report:
• Liquid Crystal Polyester Resin Market - https://www.cognitivemarketresearch.com/liquid-crystal-polyester-resin-market-report
• Unsaturated Polyester Resin for Composite Market - https://www.cognitivemarketresearch.com/unsaturated-polyester-resin-for-composite-market-report
• High Molecular Weight Saturated Polyester Resin Market - https://www.cognitivemarketresearch.com/high-molecular-weight-saturated-polyester-resin-market-report
• Saturated Polyester Resins Market - https://www.cognitivemarketresearch.com/saturated-polyester-resin-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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