Unsaturated Polyester Resins Market 2023 World Trends, Segmentation, & SWOT Analysis of Key Players
The global unsaturated polyester resins market is poised for significant growth, reaching an estimated value of USD 16.81 billion by 2030. This upward trend is primarily driven by the increasing demand for eco-friendly and energy-saving products. Unsaturated polyester resins (UPRs) offer a compelling solution, boasting excellent properties like durability, corrosion resistance, and recyclability – aligning perfectly with the growing focus on sustainability.
The unsaturated polyester resins (UPR) market is experiencing robust growth driven by their versatile applications across diverse industries, including construction, automotive, marine, and electrical. UPRs, derived from the reaction between saturated and unsaturated diacids and diols, serve as essential components in composite materials, coatings, adhesives, and laminates. With their excellent mechanical properties, corrosion resistance, and ease of processing, UPRs are widely used in applications such as fiberglass-reinforced plastics (FRP), gel coats, automotive parts, and corrosion-resistant tanks.
Get a Report Sample of the Unsaturated Polyester Resins Market @ https://www.snsinsider.com/sample-request/2392
Some of the Key Players Included are:
l LERG SA
l DOW Inc.
l Von Roll
l BASF SE
l AOC
l Ineos Group
l DSM
l TIANHE RESIN CO., LTD.
l Scott Bader Company Ltd.
l UPC GROUP
l other players
Market Overview:
The SNS Insider report highlights the promising trajectory of the unsaturated polyester resins market. Valued at USD 10.31 billion in 2022, the market is projected to register a CAGR of 6.3% over the forecast period (2023-2030), reaching a staggering USD 16.81 billion by 2030. UPRs, a type of thermosetting polymer, are renowned for their versatility and adaptability. They are formed by combining polyester monomers and reactive diluents, resulting in a liquid transformed into a solid state through a crosslinking reaction. This transformation unlocks exceptional dimensional stability and resistance to environmental elements, making them ideal for applications like fiberglass-reinforced plastics (FRPs).
Market Analysis:
The increasing preference for eco-friendly and energy-saving products is expected to propel the unsaturated polyester resins market forward. UPRs shine brightly in this regard, as they are extensively used in FRP production, a material known for its lightweight nature and reduced energy consumption during transportation. Additionally, UPRs boast a range of desirable physical and chemical properties, including superior tensile strength, impact resistance, and exceptional bonding and corrosion & heat resistance. These characteristics make them a popular choice for applications across construction materials, housing equipment, and transportation equipment. Furthermore, ongoing research and development (R&D) in bio-based unsaturated polyester resins presents a significant growth driver. These bio-based alternatives offer the enticing combination of recyclability, enhanced strength, and superior thermal & corrosion resistance at lower material thicknesses. Technological advancements, continuous product range expansion through innovation, and dedicated research efforts are all designed to further stimulate market demand.
Segment Analysis:
The liquid form segment reigns supreme in the unsaturated polyester resins market, capturing a staggering 72.0% of revenue share in 2022. This dominance is primarily attributed to the significant growth witnessed in the construction, electronics, and glass industries. UPRs in liquid form are widely employed for coating, insulation, and a plethora of other purposes within these sectors. Additionally, unsaturated polyester resin composites and liquid UPRs have become integral components in modern construction practices.
By Type:
l Orthophthalic resin
l Isophthalic resin
l Dicyclopentadiene (DCPD)
l Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin)
By End-use Industry:
l Building & Construction
l Marine
l Transportation
l Pipes & Tanks
l Electrical & Electronics
l Wind Energy
l Artificial Stones
l Others
The global unsaturated polyester resins market is poised for significant growth, reaching an estimated value of USD 16.81 billion by 2030. This upward trend is primarily driven by the increasing demand for eco-friendly and energy-saving products. Unsaturated polyester resins (UPRs) offer a compelling solution, boasting excellent properties like durability, corrosion resistance, and recyclability – aligning perfectly with the growing focus on sustainability.
The unsaturated polyester resins (UPR) market is experiencing robust growth driven by their versatile applications across diverse industries, including construction, automotive, marine, and electrical. UPRs, derived from the reaction between saturated and unsaturated diacids and diols, serve as essential components in composite materials, coatings, adhesives, and laminates. With their excellent mechanical properties, corrosion resistance, and ease of processing, UPRs are widely used in applications such as fiberglass-reinforced plastics (FRP), gel coats, automotive parts, and corrosion-resistant tanks.
Get a Report Sample of the Unsaturated Polyester Resins Market @ https://www.snsinsider.com/sample-request/2392
Some of the Key Players Included are:
l LERG SA
l DOW Inc.
l Von Roll
l BASF SE
l AOC
l Ineos Group
l DSM
l TIANHE RESIN CO., LTD.
l Scott Bader Company Ltd.
l UPC GROUP
l other players
Market Overview:
The SNS Insider report highlights the promising trajectory of the unsaturated polyester resins market. Valued at USD 10.31 billion in 2022, the market is projected to register a CAGR of 6.3% over the forecast period (2023-2030), reaching a staggering USD 16.81 billion by 2030. UPRs, a type of thermosetting polymer, are renowned for their versatility and adaptability. They are formed by combining polyester monomers and reactive diluents, resulting in a liquid transformed into a solid state through a crosslinking reaction. This transformation unlocks exceptional dimensional stability and resistance to environmental elements, making them ideal for applications like fiberglass-reinforced plastics (FRPs).
Market Analysis:
The increasing preference for eco-friendly and energy-saving products is expected to propel the unsaturated polyester resins market forward. UPRs shine brightly in this regard, as they are extensively used in FRP production, a material known for its lightweight nature and reduced energy consumption during transportation. Additionally, UPRs boast a range of desirable physical and chemical properties, including superior tensile strength, impact resistance, and exceptional bonding and corrosion & heat resistance. These characteristics make them a popular choice for applications across construction materials, housing equipment, and transportation equipment. Furthermore, ongoing research and development (R&D) in bio-based unsaturated polyester resins presents a significant growth driver. These bio-based alternatives offer the enticing combination of recyclability, enhanced strength, and superior thermal & corrosion resistance at lower material thicknesses. Technological advancements, continuous product range expansion through innovation, and dedicated research efforts are all designed to further stimulate market demand.
Segment Analysis:
The liquid form segment reigns supreme in the unsaturated polyester resins market, capturing a staggering 72.0% of revenue share in 2022. This dominance is primarily attributed to the significant growth witnessed in the construction, electronics, and glass industries. UPRs in liquid form are widely employed for coating, insulation, and a plethora of other purposes within these sectors. Additionally, unsaturated polyester resin composites and liquid UPRs have become integral components in modern construction practices.
By Type:
l Orthophthalic resin
l Isophthalic resin
l Dicyclopentadiene (DCPD)
l Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin)
By End-use Industry:
l Building & Construction
l Marine
l Transportation
l Pipes & Tanks
l Electrical & Electronics
l Wind Energy
l Artificial Stones
l Others
Unsaturated Polyester Resins Market 2023 World Trends, Segmentation, & SWOT Analysis of Key Players
The global unsaturated polyester resins market is poised for significant growth, reaching an estimated value of USD 16.81 billion by 2030. This upward trend is primarily driven by the increasing demand for eco-friendly and energy-saving products. Unsaturated polyester resins (UPRs) offer a compelling solution, boasting excellent properties like durability, corrosion resistance, and recyclability – aligning perfectly with the growing focus on sustainability.
The unsaturated polyester resins (UPR) market is experiencing robust growth driven by their versatile applications across diverse industries, including construction, automotive, marine, and electrical. UPRs, derived from the reaction between saturated and unsaturated diacids and diols, serve as essential components in composite materials, coatings, adhesives, and laminates. With their excellent mechanical properties, corrosion resistance, and ease of processing, UPRs are widely used in applications such as fiberglass-reinforced plastics (FRP), gel coats, automotive parts, and corrosion-resistant tanks.
Get a Report Sample of the Unsaturated Polyester Resins Market @ https://www.snsinsider.com/sample-request/2392
Some of the Key Players Included are:
l LERG SA
l DOW Inc.
l Von Roll
l BASF SE
l AOC
l Ineos Group
l DSM
l TIANHE RESIN CO., LTD.
l Scott Bader Company Ltd.
l UPC GROUP
l other players
Market Overview:
The SNS Insider report highlights the promising trajectory of the unsaturated polyester resins market. Valued at USD 10.31 billion in 2022, the market is projected to register a CAGR of 6.3% over the forecast period (2023-2030), reaching a staggering USD 16.81 billion by 2030. UPRs, a type of thermosetting polymer, are renowned for their versatility and adaptability. They are formed by combining polyester monomers and reactive diluents, resulting in a liquid transformed into a solid state through a crosslinking reaction. This transformation unlocks exceptional dimensional stability and resistance to environmental elements, making them ideal for applications like fiberglass-reinforced plastics (FRPs).
Market Analysis:
The increasing preference for eco-friendly and energy-saving products is expected to propel the unsaturated polyester resins market forward. UPRs shine brightly in this regard, as they are extensively used in FRP production, a material known for its lightweight nature and reduced energy consumption during transportation. Additionally, UPRs boast a range of desirable physical and chemical properties, including superior tensile strength, impact resistance, and exceptional bonding and corrosion & heat resistance. These characteristics make them a popular choice for applications across construction materials, housing equipment, and transportation equipment. Furthermore, ongoing research and development (R&D) in bio-based unsaturated polyester resins presents a significant growth driver. These bio-based alternatives offer the enticing combination of recyclability, enhanced strength, and superior thermal & corrosion resistance at lower material thicknesses. Technological advancements, continuous product range expansion through innovation, and dedicated research efforts are all designed to further stimulate market demand.
Segment Analysis:
The liquid form segment reigns supreme in the unsaturated polyester resins market, capturing a staggering 72.0% of revenue share in 2022. This dominance is primarily attributed to the significant growth witnessed in the construction, electronics, and glass industries. UPRs in liquid form are widely employed for coating, insulation, and a plethora of other purposes within these sectors. Additionally, unsaturated polyester resin composites and liquid UPRs have become integral components in modern construction practices.
By Type:
l Orthophthalic resin
l Isophthalic resin
l Dicyclopentadiene (DCPD)
l Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin)
By End-use Industry:
l Building & Construction
l Marine
l Transportation
l Pipes & Tanks
l Electrical & Electronics
l Wind Energy
l Artificial Stones
l Others
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