Unsaturated Polyester Resin Market is estimated to be US$ 14,450.54 million by 2030 with a CAGR of 5.30% during the forecast period


 Unsaturated Polyester Resin Market accounted for US$ 8655.34 million in 2020 and is estimated to be US$ 14,450.54 million by 2030 and is anticipated to register a CAGR of 5.30%. Unsaturated polymer resin (UPRs) are chemicals formed by the condensation of unsaturated acids and diols, resins form highly durable structure and coating when it is cross-linked with vinyl reactive monomer. Unsaturated polyester resin is used in the manufacturing of plastic composites. Composites materials are also used to produce panels, frames, interior components, and various other components used in automotive, agriculture, transportation, and construction industries. Unsaturated polyester resin composites are also used in electronics industries and electrical. In electronic industries, unsaturated polyester resins are used for the manufacturing of substation equipment, microwave antennas, standoffs, and pole line hardware, and printed writing boards.

 

The report "Unsaturated Polyester Resin Market, By Product Type, (Orthophthalic, Polyesters, Isophthalic, Dicyclopentadiene, and Others), By End-Use Industry (Marine, Building Construction, Transportation, Electrical & Electronics, Power Generation, Oil and Gas, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast Till 2030”

Key Highlights:

  • In February 2020, INEOS launched a new low-profile resin for the recreational vehicle markets and marine in North America. Aropol LP 67400 is designed to give offer high strength and robust processing capabilities that boat builders and RV manufacturers desire
  • In July 2020, Ashland declared a definitive agreement to sell maleic anhydride business to AOC Materials. Maleic Anhydride is a natural raw material to produce UPR. So, this deal will help them to increase its product range in unsaturated polyester resins.

Analyst View:

Growing concerns over corrosion are associated with metal tanks and pipes coupled with gaining importance of tank farm management in onshore and offshore oil and gas applications have increased the scope for fiber reinforces plastic tanks and pipes. Rising demand for fiber-reinforced plastic tanks and pipes is boosting the growth of the market. The increasing use of environment-friendly and energy-saving products is also positively influencing the market for unsaturated polyester resin (UPR). They offer excellent strength, recyclability, and thermal and corrosion resistance with the lower thickness in bio-based unsaturated polyester resins also boosts the market growth. 

 

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/558

 

Key Market Insights from the report:

Global Unsaturated Polyester Resin Market accounted for US$ 8655.34 million in 2020 and is estimated to be US$ 14,450.54 million by 2030 and is anticipated to register a CAGR of 5.30%. The Global Unsaturated Polyester Resin Market is segmented by Product type, End-use Industry, and Region.

  • By Product type, Global Unsaturated Polyester Resin Market is segmented into Orthophthalic, Polyesters, Isophthalic, Dicyclopentadiene, and Others.
  • By End-use Industry, Global Unsaturated Polyester Resin Market is segmented into Marine, Building Construction, Transportation, Electrical & Electronics, Power Generation, Oil and Gas, and Others
  • By region, the Global Unsaturated Polyester Resin Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Competitive Landscape:

Key players operating in the global unsaturated polyester resin market includes Ashland Global Holdings Inc., Tianhe Chemicals Group Ltd, Changzhou Zhonghui Solar Technology Company Limited, Aoc Resins and Coatings Company, BASF SE, The Dow Chemical Company, Koninklijke DSM N.V., CCP Composites, Reichhold Inc., and Saudi Basic Industries Corporation.

 

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

 

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

 

Comments

Post a Comment

Popular posts from this blog

Medical Gases and Equipment Market is estimated to be US$ 25.62 billion by 2030 with a CAGR of 6.10% during the forecast period

Image
  Medical Gases and Equipment Market accounted for US$ 14.23 billion in 2020 and is estimated to be US$ 25.62 billion by 2030 and is anticipated to register a CAGR of 6.10%. Medical gases and equipment are widely used in healthcare for medical purposes, drug processing and Research. The purity of the gases plays an important role in the recovery of the patient and also the risk of acquiring infection through medical gases. The medical gases and equipment market holds a high growth potentials, the increasing count of geriatric population and advancements within the pharmaceutical industry. The purity of the gases plays a crucial role within the recovery of the patient and also a risk of acquiring infection through medical gases. Due to this reason, the medical gases can be manufactured consistent with certain specified standards. The report "Medical Gases and Equipment Market, By Gas Type (Pure Gases (Medical Air, Carbon Dioxide, Oxygen, Nitrogen, Nitrous Oxide, Helium) and ...
Read more

Precipitated Silica Market - Global Forecast to 2029

Image
  Precipitated Silica Market   is projected to grow from US$ XX million in 2019 to US$ XX Million by 2029. This is attributed to increasing penetration of precipitated silica as a reinforcing agent and filler to replace carbon black in tire manufacturing industry. Furthermore, rising utilization of precipitated silica in agrochemical composition as liquid active ingredient and chemical carrier drives growth of the global precipitated silica market. The report  "  Global Precipitated Silica Market, by End-Use industry (Automobiles, Cosmetics, Electronics, and Agriculture) , by Application ( Personal Care, Rubber, Food, Fishing Boats, Adhesives and Sealants, and Coating and Inks ),  and Region - Global Forecast to 2029" Key Highlights: ·          In January 2018, Evonik Industries AG launched “ULTRASIL 7800 GR” that optimizes production of green tires for SUVs and all-season tires. ·     ...
Read more