Unsaturated Polyester Resins Market to Reach US$ 11.4 Bn by 2031, Notes TMR Study

- Widespread use of unsaturated polyester resins in making fiber-reinforced plastics and filled plastic products spurring demand in transportation, marine, and construction industries

- Uptake of orthophthalic resins has risen due to cost-effectiveness, where their versatile use is propelling sales; Asia Pacific unsaturated polyester resins market to witness vast revenue streams

ALBANY, N.Y., April 7, 2022 /PRNewswire/ -- Massive demand for products in several end-use industries is underpinning abundant avenues in the unsaturated polyester resins market. Numerous industries including transportation, marine, and construction have benefitted from the utilization of attractive dimensional stability and excellent mechanical properties of unsaturated polyester resins. The global unsaturated polyester resins market valuation is projected to reach US$ 11.4 Bn by 2031.

The low cost and ease of processing of unsaturated polyester resins has spurred their production, thus fueling revenue growth of the market, finds the TMR study. Extensive utilization of fiber–reinforced plastics has propelled the sales of products in the unsaturated polyester resins market.

Rising use of polyester resins in fiber-reinforced plastics and filled plastic products is catalyzing the growth prospects of the unsaturated polyester resins market. They are also widely employed in marine composites. Stakeholders are leaning on the synthesis of green composites based on unsaturated polyester resins, which has fueled recent R&D initiatives, thus unlocking new frontiers.

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Key Findings of Unsaturated Polyester Resins Market Study

• Massive Uptake in Building & Construction End-use Industry: Rapidly expanding demand for unsaturated polyester resins in multiple industries is propelling the growth of the market, asserts the TMR study. Moreover, sales of the products of unsaturated polyester resins have thrived increasingly due to their extensive uptake in transport and building & construction industries. They are popularly used in pipe re-lining application. In recent years, specialty applications of these resins have generated new revenue streams in the unsaturated polyester resins market. The use of unsaturated polyester-based fire resistance composites in numerous applications has been augmenting the size of the unsaturated polyester resins market.

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• Commercialization of Fiber-Reinforced Plastics and Filled Plastic Products Bolstering Revenue Streams: Unsaturated polyester resins are widely employed in the production of fiber-reinforced plastics and filled plastic products. Among the various product types, orthophthalic resins are a remarkably lucrative segment. The analysts at TMR have found that the product types to account for a major share of the global market during the forecast period of 2021–2031. The popularity stems from their superior tensile strength, flexibility, and good chemical resistance. Widespread utilization of orthophthalic resins in the marine industry in particular has created vast profitable avenues, observed the TMR study on the unsaturated polyester resins market.

Unsaturated Polyester Resins Market: Key Drivers

• The unsaturated polyester resins market has expanded on the back of their increasing popularity as commercially important matrix materials suitable for wide range of industrial applications. Continuous advancements in reinforcement and compounding methods have expanded the useful characteristics of these materials.
• Strides made by the building and construction sector has propelled the utilization of unsaturated polyester resins composites containing especially for building equipment, water piping, and building construction applications

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Unsaturated Polyester Resins Market: Regional Growth Dynamics

The authors of the in-depth study on the unsaturated polyester resins market have found that Asia Pacific is expected to account for dominant share during the forecast period. The revenue growth is fueled by proliferating profitable opportunities. Expansion of the end-use industries of construction and automotive has spurred new revenue streams for firms in the Asia Pacific unsaturated polyester resins market. The production has risen especially in China, notes the TMR study.

Unsaturated Polyester Resins Market: Key Players

Some of the prominent players in the unsaturated polyester resins market are Koninklijke DSM N.V., Polynt-Reichhold Group, UPC Technology Corp., Nuplex Industries Ltd., Scott Bader Company Ltd., Royal DSM, Ashland Inc., and Polynt-Reichhold Group.

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Global Unsaturated Polyester Resins Market: Segmentation

Unsaturated Polyester Resins Market, by Product Type

• Orthophthalic Resins
• Isophthalic Resins
• Dicyclopentadiene (DCPD) Resins

Unsaturated Polyester Resins Market, by End-use

• Electrical, Transport
• Artificial Stone/Marble
• Resins
• Tanks
• Pipes
• Scrubbers
• Pipe re-lining
• Building & Construction

Unsaturated Polyester Resins Market, by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia & CIS
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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