Unsaturated polyester resin (UPR) is a highly versatile plastic material used in a wide range of applications. Its properties can be tailored to meet the specific requirements of each application, making it an ideal choice for many industries. In this article, we’ll take a look at the different market factors that impact the UPR market and how they affect prices and demand.
The global unsaturated polyester resins market size will grow to USD 12.9 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 6.1% during the 2021-2026 period. The market is driven by various factors such as the increasing demand from the transportation and construction industries, rising environmental concerns, and technological advancements.
The transportation industry is the largest end-user of unsaturated polyester resins. These resins are widely used in the manufacturing of automotive parts, boat hulls, and other transportation-related products. The construction industry is another major user of unsaturated polyester resins. These resins are used in the production of pipes, tanks, doors, windows, and other construction materials.
Environmental concerns are one of the major drivers of the unsaturated polyester resin market. These resins are made from renewable resources and have low emissions during manufacturing. Moreover, they are recyclable and can be reused several times. Technological advancements have led to the development of new types of unsaturated polyester resins with improved properties. This has further boosted the growth of the unsaturated polyester resin market.
The key players operating in the market are Polynt-Reichhold Group (US), INEOS Group (UK), Royal DSM (The Netherlands), AOC (US), and BASF SE (Germany).
