How Global Unsaturated Polyester Resins Market Players Should Strategize For 2022-2031

The global unsaturated polyester resins market size is expected to grow from $9.08 billion in 2021 to $9.66 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The global unsaturated polyester resin market size is expected to grow to $12.52 billion in 2026 at a CAGR of 6.7%.

What is the Global Unsaturated Polyester Resins Market?

The unsaturated polyester resins market consists of sales of unsaturated polyester resins by entities (organizations, sole traders, and partnerships) that are mainly used in the production of fiber-reinforced plastics and filled plastic products and are obtained from the reaction of polyalcohol and polyacids. Unsaturated polyester resins are also used in tanks, sanitary ware, pipes, gratings, and high-performance components for the marine and transportation industry such as closure and body panels. They are cost-efficient, have good temperature tolerance capacity, and have resistance to water and chemicals.

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What drives the Global Unsaturated Polyester Resins Market?

Growth in the construction industry is significantly contributing to the growth of the unsaturated polyester resins market. The construction industry is involved in maintaining, repairing structures and buildings, and making new construction buildings. The growth in the building and construction industry drives the unsaturated polyester resins industry as they have the properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength, and excellent compressive strength properties that are helpful in building and construction activities. There is a growth in the construction industry. For instance, according to the Ministry of Statistics and Programme Implementation (MoSPI), a ministry of the Government of India concerned with coverage and quality aspects of statistics released, in April-June 2021, the construction sector grew at 68.3% in India from April-June 2020. Therefore, growth in the construction industry is driving the unsaturated polyester resins market.

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Global Unsaturated Polyester Resins Market Segments
The global unsaturated polyester resins market is segmented:
By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Others
By Form: Liquid Form, Powder Form
By End-User: Building and Construction, Automotive, Marine, Pipes, Ducts and Tanks, Wind Energy, Electrical and Electronics, Others
By Geography: The regions covered in the unsaturated polyester resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Unsaturated Polyester Resins Global Market Report 2022provides market size and growth forecasts for the global unsaturated polyester resins market, global unsaturated polyester resins market share, unsaturated polyester resins market segments and geographies, unsaturated polyester resins market competitive landscape including leading competitors’ revenues, profiles and market shares. The unsaturated polyester resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Unsaturated Polyester Resins Industry Playersinclude INEOS Group, UPC Technology Corporation, Ashland, BASF SE, Eternal Materials Co. Ltd., Interplastic Corporation, LERG SA, Qualipoly Chemical Corporation, Scott Bader Company Ltd., SHOWA DENKO K.K, Sino Polymer Co. Ltd., and Lanxess AG. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.