Unsaturated Polyester Resins Market by Type, End-use Industry & Region - Global Forecast to 2026 - ResearchAndMarkets.com

The "Global Unsaturated Polyester Resins Market by Type (Orthophthalic, Isophthalic, DCPD), End-use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) & Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global unsaturated polyester resins market size will grow to USD 12.9 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 6.1% during the 2021-2026 period.

The demand of UPRs is rapidly increasing in medical, aerospace & defense, coatings, and other applications, especially in the APAC region.

The driving factors for the UPR market is the economical price of the resin in comparison with the other resins. The growth in industries like building & construction, transportation, wind energy and composite manufacturing is helping in growth of UPR market. The greater acceptance of other resins and a factor that properties of UPR changes with its quality, is becoming a restraint in the development of UPR market.

Artificial stones is projected to be the fastest-growing end-use industry of unsaturated polyester resin market

Artificial Stones is the fastest-growing end-use industry in terms of value. The increase in demand of decorative products all over the world is driving the use of unsaturated polyester resin in artificial stones industry. Artificial stones are made by using UPRs as a bonding agent. Artificial stones are used to build terrazzo, artificial marble, artificial granite, and mini-crystal glass plates.

Orthophthalic resin is the largest resin segment of the Unsaturated polyester resin market

Orthophthalic resin is the most used unsaturated polyester resin in the market. Orthophthalic resins are known in the industry as basic resins. They are less expensive than other resin types, such as vinyl esters, isophthalic polyesters, and epoxies. They are the cheapest form of UPRs available in the resins industry. Orthophthalic resin is beneficial in terms of cost, toughness, and chemical resistance in comparison to other resins, such as isophthalic, DCPD, and terephthalic resins.

APAC is the largest and fastest-growing market for unsaturated polyester resin during the forecasted period

APAC is the largest and fastest-growing UPRs market. It is projected to register the highest CAGR during the forecast period in terms of value and volume both. The market is expected to witness significant growth in automotive, construction, aerospace, electrical & electronics, and industrial assembly sectors in countries such as China, India, and South Korea. The growth of these industries is influencing the growth of the UPRs market.

Market Dynamics

Drivers

• High Growth in Construction and Wind Energy Industries
• Growth in FRP, Automotive, and Composite Manufacturing Industries
• Economical Advantages Over Other Resins

Restraints

• Greater Acceptance of Other Resins
• Properties of Unsaturated Polyester Resins Change with Its Quality

Opportunities

• Emerging Economies and Their Future Growth
• Innovation in Applications and Products

Challenges

• Disadvantages of Styrene Usage

Companies Mentioned

• Alfa S.A.B, de C.V.
• Allnex GmbH
• Andercol
• AOC
• BASF SE
• Byrsa (Barnices Y Resinas)
• Eternal Materials Co. Ltd.
• Grupo Quimico Industrial de Toluca SA de CV
• Ineos Group
• Interplastic Corporation
• LERG SA
• Poliformas Plasticas, SA de CV
• Polynt-Reichhold Group
• Qualipoly Chemical Corporation
• Royal DSM
• Scott Bader Company Ltd.
• Showa Denko K.K.
• Sino Polymer
• The Dow Chemical Co.
• UPC Technology Corp.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005661/en/