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Global Unsaturated Polyester Resins Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033 | Major Players Are DOW Inc., BASF SE, INEOS Group Holdings S.A., SABIC, UPC Technology Corporation.
Unsaturated Polyester Resins Market
The Business Research Company presents an extensive market research report on the Unsaturated Polyester Resins Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The unsaturated polyester resins market size has grown strongly in recent years. It will grow from $10.43 billion in 2023 to $11.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the growth in emerging markets, rapid industrialization, growing chemical industry, and growing construction activities..
The unsaturated polyester resins market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the growth in the government support, the rising urbanization, the growing automotive industry and the growing demand for fiber-reinforced plastic (frp). Major trends in the forecast period include on bio-based uprs to develop monomer-free unsaturated polyester resins, focusing on new plant expansions, focusing on product innovations and focusing on partnerships and collaborations..
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Key Market Players:
Major companies operating in the unsaturated polyester resins market report are DOW Inc, BASF SE, INEOS Group Holdings S.A., SABIC, UPC Technology Corporation, Eternal Materials Co Ltd, Polynt Group S.A.R.L., Mitsubishi Gas Chemical Company Inc, DIC Corporation, Scott Bader Company Ltd, Ashland India Private Limited, Interplastica Pvt. Ltd., Poliya Composites Resins, Polymers India Private Limited, Reichhold India Private Limited, Scott Bader India Private Limited, Swancor India Private Limited, Zhejiang Tianhe Resin Co Ltd, Jiangsu Fullmark Chemicals Co. Ltd, Shenzhen Wote Advanced Materials Co. Ltd, Hubei Phoenix Chemical Company Ltd, CIECH Sarzyna, Nouryon Chemicals, BÜFA Composites, LERG SA, Orson Resins and Coatings Private Limited (ORCPL), Mader Composites France M.C.F, Euroresins SAS, Ashland Inc., Interplastic Corporation, Pacific Materials Inc, Polyplastics USA Inc, DuPont, Mitsubishi Chemical Group, Celanese Corporation, AOC Resins, ExxonMobil Chemical, Innova, braskem, PVC Resin (Polyvinyl Chloride Resin), Resina Brasil, Saad Fiber Glass Trad Llc, Modest Marketing LLC, Fortune Emirates General Trading LLC, Polychem Resins International Industries LLC, Chemipol Trading (Pty) Ltd, Dow Plastics Sa Pty Ltd, NCS Resins, KZN Resins, General Chemical Company
Market Drivers:
Growth in the construction industry is significantly contributing to the growth of the unsaturated polyester resins market. The construction industry is involved in maintaining, and 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 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. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, growth in the construction industry is driving the unsaturated polyester resins market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/unsaturated-polyester-resins-global-market-report
The unsaturated polyester resins market covered in this report is segmented -
1) By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Other Types
2) By Form: Liquid Form, Powder Form
3) By End-User: Building And Construction, Automotive, Marine, Pipes, Ducts And Tanks, Wind Energy, Electrical And Electronics, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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