Report Id: SNS/C&M/2392 | July 2022 | Region: Global | 133 Pages
Report Scope & Overview:
Unsaturated Polyester Resins Market Size was valued at USD 9.7 billion in 2021, and is expected to reach USD 14.99 billion by 2028, and grow at a CAGR of 6.3 % over the forecast period 2022-2028.
Unsaturated polyester resins are primarily used in the manufacture of filled plastic products, such as gratings, tanks, pipes, sanitary ware, and high-performance parts for the marine and transportation industries, such as closure and body panels, fenders, boat hulls/decks, and other substantial glass fibre reinforced plastic articles. Coatings and adhesives both use unsaturated polyester resins. Unsaturated polyester resins are in increasing demand as infrastructure development picks up. The market for unsaturated polyester resins is also expected to grow quickly due to consumers' and enterprises' increased use of electric vehicles. During the anticipated term, this is predicted to fuel market growth for unsaturated polyester resins.
High Growth in the Wind Energy and Construction Sectors
Industry expansion in the FRP, automotive, and composite manufacturing sectors
Economic Benefits Compared to Other Resins
More Acceptance of Alternative Resins
Unsaturated polyester resins' characteristics vary depending on their quality.
The Future of Emerging Economies' Growth
Innovation in Products and Applications
Usage of Styrene Drawbacks
Impact of Covid-19:
On a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation, COVID-19 has had a substantial economic impact. The World Bank and IMF predict that the sharpest economic downturn will occur between 2020 and 2021. Economic activity is waning as more nations impose and prolong lockdowns, which has an effect on the world economy. The interconnectedness of the world economy has increased significantly in recent years. An increase in unemployment rates, reduced demand for imported goods and services, and disruptions in the global supply chain are only a few of the negative effects of the COVID-19 containment measures that have been taken. Due to historically low interest rates, significant drops in equity and commodity prices, and heightened risk aversion, the financial market has become more volatile. The confidence of consumers and businesses has also reduce
LERG SA, DOW Inc., Von Roll, BASF SE, AOC, Ineos Group, DSM, TIANHE RESIN CO., LTD., Scott Bader Company Ltd., UPC GROUP, and other players.
Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin)
By End-use Industry:
Building & Construction
Pipes & Tanks
Electrical & Electronics
In 2020, the Asia-Pacific region held the biggest market share for unsaturated polyester resins. Unsaturated polyester resin is now mostly produced and used in Asia-Pacific. Opportunities in the industrial and infrastructure sectors may arise as a result of low-cost labour, government initiatives like Make in India, and the proposed scheme for the growth of Indian entrepreneurship.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 9.7 Billion|
|Market Size by 2028||US$ 14.99 Billion|
|CAGR||CAGR of 6.3% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Orthophthalic resin, Isophthalic resin, Dicyclopentadiene (DCPD), Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin))
• By End-use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||LERG SA, DOW Inc., Von Roll, BASF SE, AOC, Ineos Group, DSM, TIANHE RESIN CO., LTD., Scott Bader Company Ltd., UPC GROUP, and other players.|
|DRIVERS||• High Growth in the Wind Energy and Construction Sectors
• Industry expansion in the FRP, automotive, and composite manufacturing sectors
• Economic Benefits Compared to Other Resins
|Restraints||• More Acceptance of Alternative Resins
• Unsaturated polyester resins' characteristics vary depending on their quality.
Frequently Asked Questions (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Usage of Styrene Drawbacks are the challenges faced by the Unsaturated Polyester Resins Market.
Ans: More Acceptance of Alternative Resins and Unsaturated polyester resins' characteristics vary depending on their quality are the restraints for Unsaturated Polyester Resins Market.
Ans: Unsaturated Polyester Resins Market Size was valued at USD 9.7 billion in 2021, and expected to reach USD 14.99 billion by 2028, and grow at a CAGR of 6.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Unsaturated Polyester Resins Market Segment, By Type
8.1 Orthophthalic resin
8.2 Isophthalic resin
8.3 Dicyclopentadiene (DCPD)
9.Unsaturated Polyester Resins Market Segment, By End-use Industry:
9.1 Building & Construction
9.4 Pipes & Tanks
9.5 Electrical & Electronics
9.6 Wind Energy
9.7 Artificial Stones
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 LERG SA
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 DOW Inc.
11.3 Von Roll
11.4 BASF SE
11.6 Ineos Group
11.8 TIANHE RESIN CO., LTD.
11.9 Scott Bader Company Ltd.
11.10 UPC GROUP
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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