Unsaturated Polyester Resins Market |Key Players are Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd., AOC Resins LLC

An unsaturated polyester resin is an essential polymer required for production of composite materials, including mainly glass fiber–reinforced plastics (FRP). FRP composites have a prominent application in various industries such as construction, land transport, and marine. Non-reinforced unsaturated polyester resins are used to manufacture solid-surfaced countertops, marbles, automotive repair putty and filler, gel coats, and few other items such as bowling balls and buttons.

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The global unsaturated polyester resins market growth is primarily driven by factors such as increasing demand for composite demand owing to its light weight, superior durability, and low cost. Unsaturated polyester resins are extensively used in various industries to improve thermal, flexure composites mechanical, and morphological attributes. Unsaturated polyester resins are widely used in construction industry in water management systems such as tanks and pipes.

Unsaturated polyester resins also find application in building panels, concrete forming pans, concrete rebar, doors, shower stalls, electrical boxes, and floor grafting. Unsaturated polyester resins are also used in manufacturing recreational products such as sailboats, powerboats, personal watercraft, and kayaks. Increasing demand generated by the recreational industry in terms of enhancing consumer lifestyle is expected to elevate the demand for market over the forecast period.

Geographically, the global unsaturated polyester resins market is classified into North America, Europe, Asia Pacific and the rest of the World. In 2015, Asia Pacific was the largest consumer of unsaturated polyester resins industry, followed by North America and Europe. China was the largest consumer of market of unsaturated polyester resins, with more than 40% share of the total global consumption.

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The key players identified in the global unsaturated polyester resins market are Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd., AOC Resins LLC, BASF SE, The Dow Chemical Company, Royal DSM, CCP Composites, Reichhold Inc., and SABIC. Other major players existing in the global unsaturated polyester market space are Scott Bader, U-Pica Technology Group, Polynt Composites, Showa Denko, and Lanxess Aktiengesellschaft among others.

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