Unsaturated Polyester Resins Market

Unsaturated Polyester Resins Market worth $12.2 billion by 2021

The global Unsaturated Polyester Resins Market is expected to grow from USD 9.2 billion in 2016 to USD 12.2 billion by 2021, at a CAGR of 5.8%. The growth in this market is driven by the high growth in construction, wind energy, fiber-reinforced plastic (FRP), automotive, and composite manufacturing.

Browse 75 market data Tables and 50 Figures spread through 143 Pages and in-depth TOC on "Unsaturated Polyester Resins Market by Resin Type (Orthophthalic, Isophthalic & DCPD), By End-Use Industry (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) - Global Forecast to 2021"

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Building & Construction was the largest end-use industry of the UPR market

In 2015, the building & construction industry accounted for the largest share of the global UPR market. UPR has found widespread applicability in the construction sector, as it is utilized in fiber-reinforced plastics (FRP), artificial stones, marbles, granites, putties, among other end uses.

Building & construction is the most important end-use segment of the UPR market, as substantial investments are being made in emerging economies in the infrastructure sector, which, in turn, has propelled the development of the construction industry. Therefore, the rapid expansion of the building & construction industry in India, China, South Africa, the UAE, and Brazil has influenced the growth of the UPR market.

Orthophthalic resin is expected to be the largest as well as fastest-growing type in the UPR market

Based on type, the orthophthalic resin type was estimated to lead the global UPR market in 2016, in terms of value and volume. It possesses different properties, including high flexibility and excellent tensile strength.

In terms of cost, toughness, and chemical resistance, orthophthalic resins are advantageous in comparison with other resins, such as DCPD, terephthalic, and isophthalic. They are used commonly in hulls and decks of boats, land transport components, molding, wind blade manufacturing, FRP structures, laminating resins, and other applications including adhesives, castings, buttons, flooring materials, composites, encapsulation, filler pastes, gel coats, polymer concrete, tooling, pigment pastes, putties, and fire-retardant & anti-corrosion coating.

Asia Pacific is expected to be the largest UPR market

Asia Pacific is projected to be the largest UPR market. In this region, China and India are considered to be the biggest consumers of UPR. Key driving factors of the UPR market in the Asia Pacific region include rapid industrialization in India, China, Indonesia, Malaysia, among other Asian countries and large population in the region (close to 39% of the global population lives in China, India, and Japan).

AOC LLC (US), Ashland Inc. (US), Reichhold Inc. (US), BASF SE (Germany), Royal DSM (Netherlands), Scott Bader (UK), and U-Pica Technology Group (Japan), are among the key active players in the UPR market.

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