Unsaturated Polyester Resin Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2028
The global ''unsaturatedpolyester resin market size'' is set to gain momentum from the increasingdemand from numerous end-use industries, such as marine, electrical &electronics, aerospace, and automotive. This information is given by FortuneBusiness Insights™ in a new report, titled, “Unsaturated PolyesterResin Market Size, Share & COVID-19 Impact Analysis, By Type(Orthophthalic, Isophthalic, and DCPD), By Application (Building &Construction, Marine, Pipes & Tanks, Electrical & Electronics, LandTransportation, Wind Energy, and Others), and Regional Forecast, 2020-2027” Thereport further states that the market size was USD 11,579.6 million in 2019 andis projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9%during the forecast period.
List of the Leading Companies Profiled in the Global UnsaturatedPolyester Resin Market are:
- 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
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
COVID-19 Pandemic: Shortage of Raw Materials May Decline Demand
The COVID-19 pandemic has affected a wide range of industriesworldwide, thereby halting trade and manufacturing activities. The lockdown hasalso caused a shortage of raw materials. Hence, the costs of finished productshave surged rapidly. These factors are set to decline the demand forunsaturated polyester resins in the near future.
How Did We Create This Report For You?
We follow an innovative research methodology that includes datatriangulation on the basis of bottom-up and top-down approaches. We conductextensive primary research to validate the projected market numbers. The dataused to estimate the forecast for various segments at the country, regional,and global levels is collected through interviews with various leadingstakeholders. We also derive information from paid databases, industryjournals, SEC filings, and other authentic resources. The report includesseveral details, such as drivers, opportunities, challenges, and dynamics ofthe market.
Key Drivers & Restraints-
Excellent Surface Finish and Water Repellency to Augment Growth
The building and construction industry is the major user ofunsaturated polyester resins as the material is necessary for producingbathroom fixtures, floor tiles, roof tiles, and window panels. It also hascertain beneficial properties, such as good electrical insulation, rigidity,resistance to wear, water repellency, and excellent surface finish. Thesefactors are anticipated to propel the unsaturated polyester resin market growthin the upcoming years. However, the availability of numerous substitutes in themarket would obstruct growth.
Major Segment-
Marine Segment to Grow Steadily Fueled by Usage in Surfer Boards& Boat Decks
Based on the application, the marine segment generated 8.84% interms of the unsaturated polyester resin market share in 2019. It is set toshow substantial growth backed by the increasing usage of UPR in surfer boards,fiberglass panels, interior & exterior parts, and boat decks.
Top Regional Insights-
Asia Pacific to Lead Fueled by Demand from Construction and MarineIndustries
Geographically, Asia Pacific procured USD 6,606.2 million in 2019in terms of revenue. It is likely to retain its dominant position throughoutthe forthcoming years because of the rising demand for unsaturated polyesterresins in numerous industries, such as aerospace, marine, building &construction, and automotive. Emerging nations, namely, Japan, India, andChina, are expected to contribute to this growth because of constant economicdevelopment.
On the other hand, North America is set to exhibit a significantshare stoked by the rising disposable income and technological advancements in theregion. In Europe, Germany would showcase the highest growth on account of thesales and production of automobiles.
Unsaturated Polyester Resin Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Competitive Landscape-
Key Players Focus on Various Organic & Inorganic Strategies toCompete in Market
The global market for unsaturated polyester resins houses severalrenowned manufacturers. Most of them are adopting the strategies ofcollaboration, acquisitions, new product launches, and expansion ofdistribution 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.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Unsaturated Polyester Resin Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By Type, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Volume/Value)
- Orthophthalic
- Isophthalic
- DCPD
- Global Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By Application, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Application (Volume/Value)
- Building & Construction
- Marine
- Pipes & Tanks
- Electrical & Electronics
- Land Transportation
- Wind Energy
- Others
TOC Continued…!
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