Pune, India, Feb. 15, 2021 (GLOBE NEWSWIRE) -- The global unsaturated polyester resin market size is set to gain momentum from the increasing demand from numerous end-use industries, such as marine, electrical & electronics, aerospace, and automotive. This information is given by Fortune Business Insights™ in a new report, titled, “Unsaturated Polyester Resin Market Size, Share & COVID-19 Impact Analysis, By Type (Orthophthalic, Isophthalic, and DCPD), By Application (Building & Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027” The report further states that the market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the forecast period.
List of the Leading Companies Profiled in the Global Unsaturated Polyester Resin Market are:
- Reichold (U.S.)
- Royal DSM (Netherlands)
- Deltech (U.S.)
- Polynt (Italy)
- Dow (U.S.)
- BASF SE (Germany)
- INEOS (U.K.)
- U-PICA Company. Ltd. (Japan)
- UPC Technology Corporation (Taiwan)
- Scott Bader Company Ltd. (U.K.)
- Other Key Players
Get Sample PDF Brochure with Impact of COVID19:
COVID-19 Pandemic: Shortage of Raw Materials May Decline Demand
The COVID-19 pandemic has affected a wide range of industries worldwide, thereby halting trade and manufacturing activities. The lockdown has also caused a shortage of raw materials. Hence, the costs of finished products have surged rapidly. These factors are set to decline the demand for unsaturated polyester resins in the near future.
How Did We Create This Report For You?
We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.
Key Drivers & Restraints-
Excellent Surface Finish and Water Repellency to Augment Growth
The building and construction industry is the major user of unsaturated polyester resins as the material is necessary for producing bathroom fixtures, floor tiles, roof tiles, and window panels. It also has certain beneficial properties, such as good electrical insulation, rigidity, resistance to wear, water repellency, and excellent surface finish. These factors are anticipated to propel the unsaturated polyester resin market growth in the upcoming years. However, the availability of numerous substitutes in the market would obstruct growth.
Inquire Before Buying This Research Report:
Major Segment-
Marine Segment to Grow Steadily Fueled by Usage in Surfer Boards & Boat Decks
Based on the application, the marine segment generated 8.84% in terms of the unsaturated polyester resin market share in 2019. It is set to show substantial growth backed by the increasing usage of UPR in surfer boards, fiberglass panels, interior & exterior parts, and boat decks.
Top Regional Insights-
Asia Pacific to Lead Fueled by Demand from Construction and Marine Industries
Geographically, Asia Pacific procured USD 6,606.2 million in 2019 in terms of revenue. It is likely to retain its dominant position throughout the forthcoming years because of the rising demand for unsaturated polyester resins in numerous industries, such as aerospace, marine, building & construction, and automotive. Emerging nations, namely, Japan, India, and China, are expected to contribute to this growth because of constant economic development.
On the other hand, North America is set to exhibit a significant share stoked by the rising disposable income and technological advancements in the region. In Europe, Germany would showcase the highest growth on account of the sales and production of automobiles.
Key Competitive Landscape-
Key Players Focus on Various Organic & Inorganic Strategies to Compete in Market
The global market for unsaturated polyester resins houses several renowned manufacturers. Most of them are adopting the strategies of collaboration, acquisitions, new product launches, and expansion of distribution channels.
Below is one of the latest industry developments:
- December 2020: AOC acquired a Spolchemie plant for unsaturated polyester resins in the Czech Republic. It would aid the company to enhance its logistics and services.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Unsaturated Polyester Resin Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By Type, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Volume/Value)
- Orthophthalic
- Isophthalic
- DCPD
- By Type (Volume/Value)
- Global Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By Application, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Application (Volume/Value)
- Building & Construction
- Marine
- Pipes & Tanks
- Electrical & Electronics
- Land Transportation
- Wind Energy
- Others
- By Application (Volume/Value)
TOC Continued…!
Speak to Our Expert:
Have a Look at Related Research Insights:
Fiberglass Market Size, Share & Industry Analysis, By Form (Roving & Yarn, Strands & Pellets, Mats, Fabric & Cloth, Others), By Type (E-Glass, S-Glass, Others), By Resin Type (Thermosetting, Thermoplastic), By Application (Construction, Electrical & Electronics, Automotive & Transport, Industrial, Others) Others and Regional Forecast, 2021-2028
Pharmaceutical Glass Packaging Market Size, Share & COVID-19 Impact Analysis, By Product (Vials & Ampoules, Bottles, Cartridges, and Syringes), By Drug Type (Generic, Branded, and Biologic), and Regional Forecast, 2020-2027
Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminum, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027
Lime Market Size, Share & COVID-19 Impact Analysis, By Type (Quick Lime, and Hydrated Lime), Application (Agriculture, Building Material, Mining & Metallurgy, Water Treatment, and Others), and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Read Press Release: