Press release
Unsaturated Polyester Resins market Is Expected To Reach USD 12.9 billion by 2026 | Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd.
Unsaturated Polyester Resins market
The global unsaturated polyester resin request is estimated to be valued atUS$ million in 2021 and is anticipated to parade a CAGR of7.5 over the cast period (2021-2028).
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Detailed Segmentation:
Global Unsaturated Polyester Resins Market, By Product Type:
Dicyclopentadiene (DCPD)
Orthophthalic Polyesters
Isophthalic Polyesters
Others
Global Biocides Market, By End User:
Tanks and Pipes
Building and Construction
Electrical
Marine
Transport
Artificial Stones
Others
Rapid growth in the building &construction industry is propelling growth of the unsaturated polyester resin market. According to the India Brand Equity Foundation, India is expected to become the third-largest construction market globally by 2022. India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP), from 2019 to 2023, to ensure sustainable development in the country.
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Ongoing research and development programs in bio-based unsaturated polyester resin are projected to contribute to market growth. Manufacturers are focusing on enhancing the recyclability and strength of the product with improved corrosion and thermal resistance properties. Increasing technological breakthroughs and innovations by key vendors in the field of unsaturated polyester resin are again projected to foster the market growth over the forecast timeframe.
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