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Unsaturated Polyester Resins Market 2023 Future Outlook, Business Growth, Global Trends And Forecast To 2032 | Major Players Are INEOS Group, UPC Technology Corporation, Ashland, BASF SE, Eternal Materials Co. Ltd
Unsaturated Polyester Resins Market
The Business Research Company's Unsaturated Polyester Resins Global Market Report 2023 identifies Growth in the construction industry as the major driver for the Unsaturated Polyester Resins Market's growth in the forecast period. The construction industry is involved in maintaining, repairing structures and buildings, and making new construction buildings. The growth in the building and construction industry drives the unsaturated polyester resins industry as they have the properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength, and excellent compressive strength properties that are helpful in building and construction activities. There is a growth in the construction industry.
The global unsaturated polyester resins market size grew from $9.67 billion in 2022 to $10.31 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global unsaturated polyester resins market is expected to grow to $13.28 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the unsaturated polyester resins market are INEOS Group, UPC Technology Corporation, Ashland, BASF SE, Eternal Materials Co. Ltd., Interplastic Corporation, LERG SA, Qualipoly Chemical Corporation, Scott Bader Company Ltd., SHOWA DENKO K.K, Sino Polymer Co. Ltd., and Lanxess AG.
A key trend in the Unsaturated Polyester Resins Market includes Product innovations. Unsaturated polyester resins-based technologies are being used for repairing activities. The end-users are adopting innovations to use better products in their operations. For instance, according to data by the defense research and development organization updated in 2021, a fast setting and high strength polymer concrete composite (PolyCC) technology was developed as the binder resin based on an unsaturated polyester resin system to repair runways. It offers compressive strength by providing three-dimensional cross-linking within two hours. This is an innovative technology that does not require water and is workable in hot as well as sub-zero temperature conditions.
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The Unsaturated Polyester Resins Market is segmented -
By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Other Types
By Form: Liquid Form, Powder Form
By End User: Building And Construction, Automotive, Marine, Pipes, Ducts And Tanks, Wind Energy, Electrical And Electronics, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Unsaturated Polyester Resins Market.
The Business Research Company's "Global Unsaturated Polyester Resins Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Unsaturated Polyester Resins Market Include:
1. Executive Summary
2. Unsaturated Polyester Resins Market Characteristics
3. Unsaturated Polyester Resins Market Trends And Strategies
4. Unsaturated Polyester Resins - Macro Economic Scenario
5. Unsaturated Polyester Resins Market Size And Growth
……
26. Africa Unsaturated Polyester Resins Market
27. Unsaturated Polyester Resins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Unsaturated Polyester Resins Market
29. Unsaturated Polyester Resins Market Future Outlook and Potential Analysis
30. Appendix
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