Unlocking Future Growth: Government Backing Propels Unsaturated Polyester Resins Market || DOW Inc, BASF SE, SABIC

As per The Business Research Company's Unsaturated Polyester Resins Opportunities And Strategies Market Report 2023, the global unsaturated polyester resins market reached a value of nearly $9,669.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.1% since 2017. The market is expected to grow from $9,669.8 million in 2022 to $13,280.4 million in 2027 at a rate of 6.6%. The market is then expected to grow at a CAGR of 6.2% from 2027 and reach $17,901.8 million in 2032. .

Government support is expected to drive the growth of the unsaturated polyester resins market going forward. Increasing government efforts to raise public awareness of the chemicals processing and related products that are offered are affecting the market's overall expansion. For example, in September 2022, Arkema S.A., a France-based specialty materials and chemical manufacturing company, joined the Spanish Superior Council of Science Research (CSIC) to reclaim monomers for use as raw materials for more sustainable polyester powder resins for the coatings market and to explore and advance the recyclability of post-consumer PET (polyethylene terephthalate) (from bottles and other plastic items).

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Major companies in the unsaturated polyester resins market are increasingly focusing on bio-based UPRs to develop monomer-free unsaturated polyester resins from renewable raw materials that do not require the addition of styrene. In order to meet the demands of many applications, adjustable viscosities within a wide range are desired. For example, in July 2021, Schill + Seilacher, a Germany-based chemical company, launched unsaturated polyester resins in industrial scale, based on more than 99 % bio-based raw materials, called Polyvertec 3830. Polyvertec 3830 offers the possibility for far-reaching customization.

The top opportunities in the unsaturated polyester resins market segmented by type will arise in the orthophthalic resins segment, which will gain $1,397.5 million of global annual sales by 2027. The top opportunities in the unsaturated polyester resins market segmented by form will arise in the liquid form segment, which will gain $2,534.7 million of global annual sales by 2027. The top opportunities in the unsaturated polyester resins market segmented by end user will arise in the building and construction segment, which will gain $872.0 million of global annual sales by 2027. The unsaturated polyester resins market size will gain the most in China at $918.4 million.

Unsaturated Polyester Resins Market Segmentation:
The unsaturated polyester resins market is segmented by type, by form and by end-user.

By Type -
a) Orthophthalic Resins
b) Isophthalic Resins
c) Dicyclopentadiene
d) Other Types

By Form -
a) Liquid Form
b) Powder Form

By End-User -
a) Building And Construction
b) Automotive
c) Marine
d) Pipes
e) Ducts And Tanks
f) Wind Energy
g) Electrical And Electronics
h) Other End-Users

Major players in the unsaturated polyester resins market include DOW Inc, BASF SE, INEOS Group Holdings S.A., SABIC, UPC Technology Corporation.

The regions covered in the global unsaturated polyester resins market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Unsaturated Polyester Resins Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Unsaturated Polyester Resins Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Unsaturated Polyester Resins Market, Conclusions And Recommendations
23. Appendix

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