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Unsaturated Polyester Resins market Is Expected To Reach USD 12.9 billion by 2026 | Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd.

10-19-2021 12:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Unsaturated Polyester Resins  market

Unsaturated Polyester Resins market

Polyester resin is produced by the polycondensation response between polyalcohols and polyacids. Unsaturated polyester resins are substantially used in combination with buttressing accoutrements similar as glass fiber. The unsaturated polyester resin is extensively used across a wide range of diligence similar as Marine, construction, electrical, and transport.

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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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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