North America Unsaturated Polyester Resins (UPR) Market | Top Key Players - AOC Resins, Ashland Inc., BASF SE, DuPont, CCP Composites, DSM, Scott Bader Company Ltd

In the latest research report compiled by Global Market Insights, Inc., Unsaturated Polyester Resins (UPR) Market size has been projected to witness an exponential growth by 2022.

With polyester becoming one of the most sought-after synthetic copolymers, it is prevalently being used in commercial spaces in plastics, fibers, composites and coatings. In recent years, stakeholders have exhibited profound traction for unsaturated polyester resins (UPR) market with low-viscosity for ramping up production of down-stream industrial products.

Manufacturers are expected to use glycols in the production of UPR with dipropylene glycol and diethylene glycol being the most prevalently used glycols. With demand for good resistance against chemical attacks rising, investment in glycols is likely to surge in the next five years.

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Trends stemming in DCPD resins

Of late, dicylopentadiene (DCPD) has found a palpable interest in both North America and European markets, as a by-product that can augment heat resistance, lead to less polymerization shrinkage, and better impregnation and wetting of glass fibers.

Infusing of funds in DCPD resins is likely to surge in the light of its resistance of corrosive chemicals and very low and high temperatures. With its tremendous resistance to impacts and good dimensional stability, it is being desirable for the manufacturing of large equipment without the need for fiber reinforcement.

Buoyant demand from construction sector to spur growth

Major revenue stream for unsaturated polyester resins (UPR) Market is likely to emanate from construction industry as these resins have a good range of corrosion resistance, mechanical properties and low weight. Construction sector is likely to be a major recipient of composite materials, thereby fueling growth in the industry.

Demand for UP resins will be more noticeable for body panels, bumper beams, seat structures, dashboard carriers and spring systems in transportation sector. UP resins have become a viable investment pocket for leads to weight reduction and helps in reducing painting costs.

Of late, UP resins have become a major recipient in rail cars and shipping containers. Prominently, UP resins are being warranted for the manufacture of luxury boat hulls in marine industry. With a host of growth dynamics, stakeholders are expected to ramp up investment in UP resins industry.

Key Point Of TOC:

Chapter 7 Company Profiles

7.1 AOC Resins
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook

7.2 Ashland Inc.
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook

7.3 BASF SE
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook

7.4 DuPont
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook

7.5 CCP Composites
7.5.1 Business Overview
7.5.2 Financial Data
Continue…

Growth opportunities in North America

North America is likely to come up as a happy hunting ground as the region is witnessing notable demand for UP resins in construction and marine industries. Advanced economies such as the U.S. and Canada are anticipated to show an upward growth trajectory towards the use of DCPD resins. Low viscosity and potentially low styrene content may play their part in the rising prominence of DCPD resins in North America.

APAC Unsaturated polyester resins (UPR) market will provide lucrative growth opportunity to both established and startup companies. At the time when automakers and construction companies are eyeing to bolster their portfolios in India, China, and Vietnam, robust business outlook is projected in APAC UPR market.

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Restraint in the form of raw material cost
Stakeholders are up with the challenge to reduce the raw material costs that may derail the industry growth.

DCPD resins are poised to gain ground in North America, Europe and APA as they have become an ideal alternative to reduce the emission of styrene. Some of the attributes such as good wetting of the loads and fiber will boost DCPD resins’ popularity. Further, UP resins will continue to be used in a slew of end-markets with robust growth outlook.

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