Unsaturated Polyester Resins Market: Dynamics
The extensive use of unsaturated polyester resins in making various useful composite polymers, notably fiber–reinforced plastics, is a key factor propelling their demand in various regions. The demand for polyester resins is considerably high for making tanks, pipes, automotive parts, fire-resistant electrical equipment, and printed circuit boards, synthetic marbles, solid-surface countertops, and gelcoats. This can be attributed to the excellent structural properties of these resins, which lends remarkable thermal stability and a host of favorable mechanical properties.
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In several emerging economies, rising demand for polyester resins in various end-use industries is boosting the market. Low cost and easy processing of unsaturated polyester resins, coupled with the growing number of specialty applications in a wide spectrum of end-use industries, are key factors that are likely to propel the market in the near future.
Manufacturers are focusing on building & construction as the share held by this segment of the unsaturated polyester resins market is likely to increase during the forecast period.
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Unsaturated Polyester Resins Market: Prominent Regions
In terms of region, the Asia Pacific is likely to account for a notable share of the global unsaturated polyester resins market. Asia Pacific is also projected to emerge as one of the regional markets that offers significant opportunities. Rapid increase in applications in different end-use sectors such as construction & building, marine, and automotive is likely to drive the market in Asia Pacific. Various nations, particularly China, have increased their ability to produce these polymers in the past few years. A significant driver boosting the regional market is the rising sale of unsaturated polyester resin-based composites in numerous end-use sectors.
Unsaturated Polyester Resins Market: Major Players
The global unsaturated polyester resins market is consolidated with the presence of key players. Prominent players operating in the global unsaturated polyester resins market include Polynt-Reichhold Group, Ashland Inc., Royal DSM, AOC, BASF SE, U-Pica Company Ltd., UPC Technology Corp., Nuplex Industries Ltd., and Scott Bader Company Ltd.
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Global Unsaturated Polyester Resins Market: Segmentation
Unsaturated Polyester Resins Market, by Product Type
- Orthophthalic Resins
- Isophthalic Resins
- Dicyclopentadiene (DCPD) Resins
Unsaturated Polyester Resins Market, by End-use
- Electrical, Transport
- Artificial Stone/Marble
- Pipe re-lining
- Building & Construction
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