Press Release

Unsaturated Polyester Resin Market Size, Growth, Drivers Analysis Research Report 2027|Fortune Business Insights™

Summary: Some of the key players in the unsaturated polyester resin market such as Reichold (U.S.), Royal DSM (Netherlands), Deltech (U.S.), Polynt (Italy), Dow (U.S.), BASF SE (Germany), INEOS (U.K.), U-PICA Company. Ltd. (Japan) and others.

The global unsaturated polyester resin (UPR) market is set to gain momentum from the increasing demand from numerous end-use industries, such as marine, electrical & electronics, aerospace, and automotive. This information is given by Fortune Business Insights™ in a new report, titled, “Unsaturated Polyester Resin Market Size, Share & Industry Analysis, By Type (Orthophthalic, Isophthalic, and DCPD), By Application (Building & Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027.” The report further states that the unsaturated polyester resin market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the forecast period.

COVID-19 Pandemic: Shortage of Raw Materials May Decline Demand

The COVID-19 pandemic has affected a wide range of industries worldwide, thereby halting trade and manufacturing activities. The lockdown has also caused a shortage of raw materials. Hence, the costs of finished products have surged rapidly. These factors are set to decline the demand for unsaturated polyester resins in the near future.

Get Sample PDF Brochure with Impact of COVID-19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/unsaturated-polyester-resin-upr-market-104760 

How Did We Create This Report For You?

We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.

Drivers & Restraints-

Excellent Surface Finish and Water Repellency to Augment Growth

The building and construction industry is the major user of unsaturated polyester resins as the material is necessary for producing bathroom fixtures, floor tiles, roof tiles, and window panels. It also has certain beneficial properties, such as good electrical insulation, rigidity, resistance to wear, water repellency, and excellent surface finish. These factors are anticipated to propel the unsaturated polyester resin market growth in the upcoming years. However, the availability of numerous substitutes in the market would obstruct growth.

Segment-

Marine Segment to Grow Steadily Fueled by Usage in Surfer Boards & Boat Decks

Based on the application, the marine segment generated 8.84% in terms of the unsaturated polyester resin market share in 2019. It is set to show substantial growth backed by the increasing usage of UPR in surfer boards, fiberglass panels, interior & exterior parts, and boat decks.

Regional Insights-

Asia Pacific to Lead Fueled by Demand from Construction and Marine Industries   

Geographically, Asia Pacific procured USD 6,606.2 million in 2019 in terms of revenue. It is likely to retain its dominant position throughout the forthcoming years because of the rising demand for unsaturated polyester resins in numerous industries, such as aerospace, marine, building & construction, and automotive. Emerging nations, namely, Japan, India, and China, are expected to contribute to this growth because of constant economic development.

On the other hand, North America is set to exhibit a significant share stoked by the rising disposable income and technological advancements in the region. In Europe, Germany would showcase the highest growth on account of the sales and production of automobiles.

Competitive Landscape-

Key Players Focus on Various Organic & Inorganic Strategies to Compete in Market

The global market for unsaturated polyester resins houses several renowned manufacturers. Most of them are adopting the strategies of collaboration, acquisitions, new product launches, and expansion of distribution channels. Below is one of the latest industry developments:

  • December 2020: AOC acquired a Spolchemie plant for unsaturated polyester resins in the Czech Republic. It would aid the company to enhance its logistics and services.

A list of all the prominent unsaturated polyester resin manufacturers operating in the global market:

  • Reichold (U.S.)
  • Royal DSM (Netherlands)
  • Deltech (U.S.)
  • Polynt (Italy)
  • Dow (U.S.)
  • BASF SE (Germany)
  • INEOS (U.K.)
  • U-PICA Company. Ltd. (Japan)
  • UPC Technology Corporation (Taiwan)
  • Scott Bader Company Ltd. (U.K.)
  • Other Key Players

Read Related News:

https://mauriciosglendora.com/2021/07/13/unsaturated-polyester-resin-market-2027/

https://mauriciosglendora.com/2021/07/13/architectural-acoustic-panels-market-2027/

https://neatbadger.com/2021/07/13/unsaturated-polyester-resin-market-2027/

https://neatbadger.com/2021/07/13/architectural-acoustic-panels-market-2027/

https://jagosound.com/2021/07/13/unsaturated-polyester-resin-market-size/

https://jagosound.com/2021/07/13/architectural-acoustic-panels-market-size/

https://crosszagales.com/2021/07/13/unsaturated-polyester-resin-market-share/

https://crosszagales.com/2021/07/13/architectural-acoustic-panels-market-share/

https://cantaloupevillas.com/2021/07/13/unsaturated-polyester-resin-market-2020-2027/

https://cantaloupevillas.com/2021/07/13/architectural-acoustic-panels-market-2020-2027/

https://bookfreenow.com/2021/07/13/unsaturated-polyester-resin-market-size-2027/

https://bookfreenow.com/2021/07/13/architectural-acoustic-panels-market-2027/

http://business.minstercommunitypost.com/minstercommunitypost/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://business.theantlersamerican.com/theantlersamerican/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.sanrafael.com/camedia.sanrafael/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.walnutcreekguide.com/camedia.walnutcreekguide/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.menlopark.com/camedia.menlopark/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.millvalley.com/camedia.millvalley/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

https://markets.financialcontent.com/dowtheoryletters/news/read/41489417

http://finance.cortemadera.com/camedia.cortemadera/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.burlingame.com/camedia.burlingame/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.sananselmo.com/camedia.sananselmo/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://finance.losaltos.com/camedia.losaltos/news/read/41489417/Water_Purifier_Market_to_Reach_USD_47.53_Billion_by_2028

http://markets.financialcontent.com/franklincredit/news/read/41489417

http://markets.financialcontent.com/tamarsecurities/news/read/41489417

https://markets.financialcontent.com/dailypennyalerts/news/read/41489417

https://markets.financialcontent.com/ask/news/read/41489417

https://markets.financialcontent.com/wss/news/read/41489417

https://markets.financialcontent.com/gafri/news/read/41489417/water_purifier_market_to_reach_usd_47.53_billion_by_2028

https://markets.financialcontent.com/ibtimes/news/read/41489417

Which Canned Tomato Soup Is the Best?

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US:+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.