image

Unsaturated Polyester Resins Market Report Scope & Overview:

The Unsaturated Polyester Resins Market Size was valued at USD 10.31 billion in 2022, and is expected to reach USD 16.81 billion by 2030, and grow at a CAGR of 6.3% over the forecast period 2023-2030.

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. Industrial 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 vehicle. During the anticipated term, this is predicted to fuel market growth for unsaturated polyester resins.

Unsaturated Polyester Resins Market Revenue Analysis

Get More Information on Unsaturated Polyester Resins Market - Request Sample Report

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 

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 Segmentation Analysis

Get Customized Report as per your Business Requirement - Request For Customized Report

Regional Analysis:

In 2022, 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

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.

Ineos Group-Company Financial Analysis

Unsaturated Polyester Resins Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 10.31 Billion
Market Size by 2030 US$ 16.81 Billion
CAGR CAGR of 6.3% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

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

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone