Unsaturated polyester resins are a type of thermosetting resin made by reacting a polyol (usually glycol) with a dibasic acid (typically maleic acid or phthalic acid). The resulting resin is a thermosetting material that is used in a wide range of applications, including boat hulls, furniture, and bathtubs. The demand for unsaturated polyester resins has grown steadily over the last decade due to their diverse range of uses and applications. They are also relatively easy to process, making them a cost-effective choice for a range of industries. The automotive industry is one of the largest consumers of unsaturated polyester resins, as they are used in the production of car body parts such as spoilers, bumpers, and even dashboard components. They are also used in the production of fiberglass products such as boat hulls and tanks.
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The global unsaturated polyester resins market size is expected to reach USD 12.9 billion by 2026, registering a CAGR of 6.1% over the forecast period, according to a new report by MarketsandMarkets™. Increasing demand for unsaturated polyester resins in various industries such as construction, automotive, and marine is expected to drive the market. Growing demand for these resins in the production of fiberglass-reinforced plastic (FRP) components is also expected to fuel market growth.
Building and Construction is the largest end-use industry of unsaturated polyester resin (UPR).
UPR is used in a range of building and construction applications, including architectural cladding, roofing, flooring, countertops, and structural components. UPR is also used in the marine industry for boat hulls, decks, and components. UPR has excellent adhesion to a range of substrates, so it is often used for bonding, lamination, and coating applications. UPR is also used in the manufacture of furniture, automotive parts, and other consumer products.
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Dicyclopentadiene (DCPD) is the fastest-growing resin segment of the Unsaturated polyester resin market.
DCPD is a versatile material with excellent chemical resistance and offers excellent mechanical, thermal, and electrical properties. It can be used in a wide range of applications including adhesives, coatings, and composites. DCPD is also used in the automotive industry and can be used to replace other unsaturated polyester resins, such as vinyl esters. DCPD is also used in a wide range of industrial applications, such as electrical and electronics, aerospace, and medical.
Asia Pacific is the largest Unsaturated polyester resin (UPR) market globally.
The Asia Pacific region is estimated to be the largest market for UPR in terms of value and volume, due to the presence of a large number of end-use industries, such as marine and construction. The region is expected to witness significant growth in the coming years, owing to the increasing demand for UPR from various industries, such as automotive and wind energy. Rapid industrialization, rising population, and increasing urbanization are expected to drive the growth of the UPR market in the region. Furthermore, countries such as India, China, and Japan are expected to witness high demand for UPR, owing to the increasing demand from the automotive and construction sectors.
The key players profiled in the Unsaturated polyester resin market report are Polynt-Reichhold Group (US), INEOS Composites (UK), Royal DSM (The Netherlands), AOC (US), and BASF SE (Germany).
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