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Unsaturated Polyester Resins Market

Unsaturated Polyester Resins Market Size and Segment 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), by Regions and Global Forecast 2022-2028

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.

Unsaturated Polyester Resins Market Revenue Graph

Market Dynamics:

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.

Opportunity:

  • The Future of Emerging Economies' Growth

  • Innovation in Products and Applications

Challenge:

  • 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 

Key Players:

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.

Market Segment:

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

Unsaturated Polyester Resins Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Unsaturated Polyester Resins Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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)

8.4 Others

 

9.Unsaturated Polyester Resins Market Segment, By End-use Industry:

9.1 Building & Construction

9.2 Marine

9.3 Transportation

9.4 Pipes & Tanks

9.5 Electrical & Electronics

9.6 Wind Energy

9.7 Artificial Stones

9.8 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profile

11.1 LERG SA

11.1.1 Financial

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

11.5 AOC

11.6 Ineos Group

11.7 DSM

11.8 TIANHE RESIN CO., LTD.

11.9 Scott Bader Company Ltd.

11.10 UPC GROUP

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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