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Unsaturated Polyester Resins Market Trends 2022, Revenue and Size Analysis by Regions, Global Share, Top Players with Strategies And Forecast Research Report 2030

The unsaturated polyester resins market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the unsaturated polyester resins market growth. Additionally, the database analyzes and estimates the unsaturated polyester resins market both globally and regionally.

The unsaturated polyester resins market revenue was US$ 11.7 billion in 2021. The unsaturated polyester resins market revenue is forecast to reach US$ 20.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022-2030.

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A fully saturated polyester resin is used in order to make fiber-reinforced plastics and filled plastic products, such as sanitary ware, tanks, pipes, gratings, and components for marine and transportation applications such as fenders, boat hulls, and decks. Several coatings and adhesives use unsaturated polyester resins.

Factors Influencing Market Growth

Increasing urbanization and population growth have resulted in a corresponding increase in the building and construction sector, thus increasing demand for unsaturated polyester resins market globally.

There is a growing demand for the global unsaturated polyester resins market due to an ever-increasing requirement for higher performance across all current application areas.

The growth of end-use industries is a significant factor driving the growth of the unsaturated polyester resins market. Unsaturated polyester resins are in high demand due to the need to improve performance across all modern applications.

As emerging economies develop infrastructures and build long-term projects, the demand for unsaturated polyester resins is currently the highest. As a result, this factor can create lucrative opportunities in the global unsaturated polyester resins market.

Impact Analysis of COVID-19

The COVID-19 pandemic has a negative impact on the global unsaturated polyester resins market. Globally, the government of several countries imposed partial or complete lockdown to restrict the spread of COVID-19. As a result of the COVID-19 pandemic, transport restrictions were imposed, resulting in a reduction in industrial production and disruption of supply chains, which affected the market growth.

Post-COVID-19, the global market is forecast to grow during the forecast period as government worldwide are releasing strictness. Thus, the building and construction work will resume, which is the major user of the unsaturated polyester resins.

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Regional Insights

The Asia Pacific held dominance in 2021 in the global unsaturated polyester resins market and is forecast to remain dominant during the forecast period. Low-cost labor, government initiatives such as Make in India, and the proposed scheme for promoting entrepreneurship may open up opportunities in India’s industrial and infrastructure sectors. China is a rapidly developing country with many emerging applications. Additionally, the nation offers cheap raw materials, low production costs, and access to emerging markets. The country is experiencing increased demand from different growing industries. Thus, all these factors contribute towards regional unsaturated polyester resins market growth.

Leading Competitors

The leading prominent companies profiled in the global unsaturated polyester resins market are:

AOC International

BASF SE

The Dow Chemical Company

INEOS Group Limited

LERG SA

Von Roll Holding AG

Koninklijke DSM N.V.

Scott Bader Company Limited

Tianhe Resin Co., Limited

UPC Technology Corporation

Other Prominent Players

Scope of the Report

The global unsaturated polyester resins market segmentation focuses on Type, End-User, and Region.

Segmentation based on Type

Orthophthalic Resin

Isophthalic Resin

Dicyclopentadiene

Others

Segmentation based on End-User

Building & Construction

Tanks & Pipes

Electrical

Marine

Transport

Artificial Stones

Others

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Segmentation based on Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

Key questions answered in the global chemical market report are:

· How does a global company acquire markets?
· What are its core strategies and policies?
· What factors will influence the chemical market over the forecast period?
· What are the factors driving and restraining the market for chemicals?
· What are the leading competitors in the global market?
· Which region is growing at a higher pace in the global market?

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