October 10, 2019
According to the latest study titled ‘Global Unsaturated Polyester Resins (UPR) Market Insights, forecast to 2025’ available with Market Study Report LLC, the global unsaturated polyester resins market is estimated to accumulate US $16200 million by the year 2025.
Unsaturated polyester resin is made by esterification of diol and diacid to form polymer which is then dissolved in styrene monomer to get the product in syrup form. The product binds easily with filler and generates excellent properties under room temperature with normal pressure. While, on application of heat and pressure, UPR can be used to form high hardness products having superior mechanical properties. UPR is extensively used in soft mold casting, button, furniture, boards, artificial marble, corrugated roofing, pipeline, yachts, fishing rods, storage tanks, and many other construction FRP materials, hence aiding the market growth.
According to the study, the unsaturated polyester resins market was valued at US $8380 million in 2018 and is expected to register a growth rate of 8.5% over the predicted time period. The study analyzes global unsaturated polymer resins market for segmental shares and growth opportunities. Furthermore, it provides a comprehensive insight about the trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.
Based on type, the market is segmented as dicyclopentadiene (DCPD), isophthalic, orthophthalic, and others. While based on application spectrum, the unsaturated polyester resins market is divided into automotive industry, construction industry, shipbuilding industry, and other composites.
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Considering the geographical landscape, UPR market is fragmented on the basis production region and consumption region. The main areas producing UPR are China, US, Japan, and Europe. While on the basis of consumption, market is fragmented as North America, Asia Pacific, Middle East & Africa, Central & South America, and Europe. Moreover, China dominated the UPR market with 44.05% consumption share in 2017, cites the report.
The key players operating in the global unsaturated polyester resins market are DSM, Ashland, Yabang, and Polynt-Reichhold as they combinedly accounted for around 25% share in 2017. Other contenders include Japan Composite, U-Pica, Tianhe Resin, AOC, Zhaoqing Futian, Changzhou Fangxin, Changzhou Huari, Jiangsu Fullmark, Guangdong Huaxun, Zeyuan Chemical, and Luxchem Polymer Industries.