The ****** unsaturated polyester resins market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026, according to the latest report by IMARC Group.
Unsaturated polyester resin (UPR) refers to a composite material consisting of glass-fiber reinforced plastics and matrix integrated with resins. This material offers high tensile binding and impact strength along with enhanced ability to withstand heat and corrosion. Unsaturated polyester resins are prominently used in the manufacturing of composite materials, wood paints, laminated panels, coatings, coloring pastes, and sanitary wares.
The expanding construction sector, along with the growing number of infrastructural projects, is primarily augmenting the market for UPR. Furthermore, the increasing demand for light and high tensile materials for manufacturing automotive parts with enhanced fuel efficiency is also driving the market growth. Moreover, the growing utilization of unsaturated polyester resins as a raw material for producing pipes, ducts, tanks, and sports equipment is further augmenting the product demand. Additionally, the increasing adoption of UPR in electronic equipment, such as microwaves, substation devices, and printed wiring boards, will continue to propel the ****** market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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****** Unsaturated Polyester Resins Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being AOC LLC, Ashland LLC, BASF SE, CCP Composites Ltd, E. I. Du Pont, Allnex Resins Australia Pty Ltd, Polynt Composites USA Inc., Reichhold Inc., Koninklijke DSM N.V., Scott Bader Company Ltd., Upc Technology Corporation, etc.
The report has segmented the market on the basis of Type, End-Use, Form and Region.
Breakup by Type:
Dicyclopentadiene (DCPD) Resin
Breakup by End-Use:
Building and Construction
Pipes, Ducts and Tanks
Electrical and Electronics
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Breakup by Form:
Breakup by Region:
Middle East and Africa
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