Unsaturated Polyester Resins Market to Witness Mounting Growth in Approaching Time
The newly launched report by Stratview Research, titled ‘Unsaturated Polyester Resins Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028’ has been bifurcated by Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, and Other Resins), by End-Use Industry Type (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Unsaturated polyester resins market is expected to grow from USD 9.88 billion in 2021 to USD 14.98 billion by 2028 at a CAGR of 6.05% during the forecast period of 2022-2028. The market for unsaturated polyester resins is lucrative with the rising demand from manufacturing industries of boat and ship building, wind blades, electrical & electronics, windmills, automotive applications, and sanitary ware.
Market Segmentation Analysis -
Based on the type, the market has been segmented as orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins, and others. It is estimated that orthophthalic resins would lead the market in the coming five years, owing to their rich properties, such as cost-effectiveness, durability, and chemical tolerance. They are extensively used in manufacturing of hulls and decks of boats, wind blades, and land transportation components which drive the market globally.
Based on the end-use industry type, the market is segmented as building & construction, land transportation, pipes & tanks, electrical & electronics, wind energy, artificial stones, and others. The building & construction segment is estimated to lead the market during the forecast period. This unprecedented growth is attributed to the rising demand for infrastructural developments in the emerging economies.
Key Players
The following are the key players in the market-
· Reichhold Inc.
· Ashland Inc.
· Koninklijke DSM N.V.
· Polynt Group
· Aoc LLC
· BASF SE
· U-Pica Company Ltd.
· UPC Technology Corp.
· Nuplex Industries Ltd.
· Scott Bader Company Ltd.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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About Stratview Research -
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