Unsaturated Polyester Resin (UPR) market is projected to grow from USD 9.6 billion in 2021 to USD 12.9 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The driving factor for the UPR market are high growth in construction and wind energy industries, growth in end use industries like FRP, automotive, & composites manufacturing, and affordability of UPR over other resin.
Browse 275 market data Tables and 39 Figures spread through 246 Pages and in-depth TOC on "Unsaturated Polyester Resins Market by Type (Ortho phthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) & Region - Global Forecast to 2026"
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The companies are majorly following merger & acquisition and new product development as the strategies to grow and expand the market. The key players following the strategies between 2016 to 2021 are Polynt-Reichhold Group (US), INEOS Composites (UK), LERG SA (Poland), SHOWA DENKO K.K. (Japan) and AOC (US). Following these strategies are helping the companies to strengthened their market position and increase their presence in emerging countries.
Polynt-Reichhold Group is one of the largest producers of specific polymer intermediaries, dibasic acid, UPR, compounds, composites, and special esters. The products are segmented into five categories: special-purpose plasticizers, resins & compounds, maleic anhydride & catalysts, phthalic anhydride & general-purpose plasticizers, and special esters. The company’s products are serving the end-use industry like electrical & electronic materials, construction, transportation, food & fragrances, consumer goods, and household applications with 41 plants around the world. In May 2017, Polynt and Reichhold completed its merger to create a global specialty chemicals group. This has made the group a top player of the UPR industry.
