Unsaturated Polyester Resin Market

Global Unsaturated Polyester Resin Market, By Product Type, (Orthophthalic, Polyesters, Isophthalic, Dicyclopentadiene, and Others), By End-Use Industry (Marine, Building Construction, Transportation, Electrical & Electronics, Power Generation, Oil and Gas, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast Till 2029

PMI55819 | Polymers and Resins

Apr 2019 | 156 | PDF

Unsaturated polyester resin is formed by the condensation of unsaturated acid and diol with or without diacid. Cross linking of these resins along with the with vinyl reactive polymer form highly durable structures and coatings. Composite material glass fiber–reinforced plastics is formed by using polymer unsaturated polyester resin. It is widely used in the building and construction owing to its excellent properties.

Increasing building and construction industry, along with rising mining activities across the globe are driving growth of the global unsaturated polyester resin market. Growing demand from electrical & electronics and chemical sector is expected to propel growth of the target market over the forecast period. In addition, increasing adoption of orthopthalic resins in transport and marine industries is fueling growth of the global unsaturated polyester resin market growth. However, availability of substitute at low cost is restraining growth of the global unsaturated polyester resin market. In addition, fluctuating raw material prices is another factor exepcetd to hamper growth of the target market.

The global unsaturated polyester resin market has been segmented on the basis of product type, end-use industry, and region.

On the basis of product type the global unsaturated polyester resin market is segmented into, orthophthalic, polyesters, isophthalic polyesters, dicyclopentadiene, and others. The orthophthalic product type segment is expected to be the highest segment in the global unsaturated polyester resins market in the near future. This is attributed to its extensive use in fiber reinforced plastics (FRP), that are extensively used in the automotive, aerospace, marine, and construction industries. Based on the end use industry the target market is segmented into, marine, building construction, transportation, electrical and electronics, power generation, oil and gas, and others. The building and construction end user segment is expected to the leading segment, both in terms of value and volume during forecast period due to the rapid growth of the building and construction industries in emerging economies.

On the basis on region the global unsaturated polyester resin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period. North America is projected to be the second highest share in terms of revenue in the global unsaturated polyester resin market in the near future.

Key players operating in the global unsaturated polyester resin market includes Ashland Global Holdings Inc., Tianhe Chemicals Group Ltd, Changzhou Zhonghui Solar Technology Company Limited, Aoc Resins and Coatings Company, BASF SE, The Dow Chemical Company, Koninklijke DSM N.V., CCP Composites, Reichhold Inc., and Saudi Basic Industries Corporation.

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