Unsaturated Polyester Resin Market Revenue to outshine USD 16057.81 million by 2027
Posted On June 15, 2021
The Global Unsaturated Polyester Resin Market revenue is anticipated to grow to around USD 16057.81 million by 2027 with a CAGR of 7% during the year 2021-2027 as per the report published by Value Market Research. Increased adoption of eco-friendly and energy-saving products is the primary market driver for the growth of the unsaturated polyester resin market. Increasing industrial development has increased the demand for products like tanks and pipes that have led to a rise in demand for unsaturated polyester resin and is one of the basic market drivers for the growth of the unsaturated polyester resin market. Growing research and development industries are also supposed to support the market growth of bio-based unsaturated polyester resin because of its properties like excellent strength, recycling nature, thermal and corrosion resistance, etc. Also, increasing drilling activities for crude oil production is estimated to boost the market growth of the unsaturated polyester resin market.
Unsaturated polyester resin is a polymer obtained by the polycondensation reaction between poly acids and polyalcohols, and the water produced is the byproduct of this process. English acronym UPR is another name used for unsaturated polyester resin, and it is an easily printable liquid polymer. The unsaturation present in these polyesters provides a site for subsequent cross-linking. It is used in combination with other materials like glass fibers for making fiberglass. It can also be used for making pleasure boats, windsurfers, hobs for cookers, bathroom accessories, etc., due to its exceptional qualities like strength, rigidity, and durability.
The elaborate study "Global Unsaturated Polyester Resin Market Report By Product (DCPD, Orthophthalic, Isophthalic, Others), By End-Use (Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Artificial Stones, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of product the market is segmented into DCPD, Orthophthalic, Isophthalic, Others. By end-use the unsaturated polyester resin market is categorised as Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Artificial Stones, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Unsaturated Polyester Resin Market -
- Building & Construction
- Tanks & Pipes
- Artificial Stones
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
BASF SE, INEOS, Polynt, Eternal Materials Co., Ltd., U-PICA Company. Ltd., Koninklijke DSM N.V, Dow, Satyen Polymers Pvt. Ltd., Scott Bader Company Ltd., UPC Group, Lerg SA, and Tianhe Resin Co., Ltd.
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