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Unsaturated Polyester Resins Market By Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene Resins, Other), By End-Use Industries (Building & Construction, Marine, Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

Unsaturated Polyester Resins market was worth USD 10,052.8 million in 2017 and expected to grow at a CAGR of 5.50% between 2018 and 2026. Unsaturated polyester resins find wide application across building & construction, marine, electrical & electronics, transportation, tanks & pipes, wind energy, and others (artificial stones, coatings, etc.). Unsaturated polyester resin is the most important polymer for production of composite materials such as glass fiber–reinforced plastics (FRP). Increasing demand for lightweight composites from aforementioned industries due to its low cost, lightweight, and superior durability expected to spur the unsaturated polyester market during the forecast period. Unsaturated Polyester Resins industry is witnessing a shift from fragmentation to consolidation due to a large number of merger and acquisition activities resulting in serious polarizing in the marketplace. UPR market continues to consolidate and shift to China, India, and other Asian countries consequently leading to plant closures and exiting of small producers. Unsaturated Polyester Resins market is gaining traction owing to dropping oil prices lowering the production cost of UPR thus, making it preferred material across end-use industries.

Declining prices of unsaturated polyester resin coupled with high acceptance rate owing to excellent features such as low cost, lightweight, high strength, and high flexibility of unsaturated polyester resin propelling the growth of the market. On contrary, the presence of other competitive substitute resins and difficulties in recycling UPR projected to pose challenges to Unsaturated Polyester Resins market growth during the forecast period. To address the recyclability issue, manufacturers are spending on research on developing better recycling methods and improved processing technologies. Major players operating in Unsaturated Polyester Resins market includes Reichhold Inc. (U.S.), Ashland Inc. (U.S.), BASF SE (Germany), Scott Bader (U.K.) and Royal DSM (Netherlands) among others.

Market Synopsis

TABLE 1 Global Hemp Oil Market Snapshot: Market Value (US$ Mn) 

Unsaturated Polyester Resins Market

Orthophthalic Segment is Identified as the Largest Type Owing to Advantages over Other Types of Unsaturated Polyester Resins

In 2017, Orthophthalic segment accounted for the largest market share and expected to maintain its dominant position over the forecast period. Orthophthalic polyester is the most common, standard, and preferred polyester owing to low cost, toughness, and chemical resistance. Isophthalic type closely follows Orthophthalic with the second highest market share and also projected to witness the fastest CAGR during the forecast period. This is attributed to increasing demand for Isophthalic type from marine and transportation industry owing to its better thermal and chemical resistance and improved mechanical properties. Other resin types accounted for a small share in 2017 includes gelcoat resins, terephthalic resins, and chlorendic resin.

Unsaturated Polyester Resins Market 

Substantial Investments in the Infrastructure Sector Across the Globe Propelling the Development of Construction Industry Fueling the Demand for UPR

Building & Construction represents over 30% market value share of the global Unsaturated Polyester Resins market in 2017-2018. Unsaturated polyester resins are extensively used in roofing, building panels, concrete forming pans, reinforcement, and household structures composites in building & construction industry. The resurgence of global construction and building sector coupled with speedy economic recovery of Western European countries expected to boost the demand for unsaturated polyester resin.

Transportation follows the building & construction end-use industry in terms of value and volume consumption. Growth in production of automotive coupled with efforts to improve fuel efficiency through weight reduction by using composites materials such as FRP also fueling the demand for Unsaturated Polyester Resins market.

Unsaturated Polyester Resins Market 

Growing End-use Industries in Asia Pacific Projected to Catapult the Market Growth

Asia-Pacific Unsaturated Polyester Resins market held the largest market value share in 2017. Asia-Pacific offers several growth opportunities for Unsaturated Polyester Resins market owing to flourishing end-use industry such as automotive, consumer electronics, and construction industry that has propelled the demand for unsaturated polyester resin. Asia-Pacific is also identified as the fastest growing market during the forecast period. Increased government budgets for development projects in India, China, & Indonesia may boost regional demand for unsaturated polyester resin. Asia Pacific consumer electronics market is also flourishing which will also stimulate UPR demand during the forecast period. Emerging economies of Asia-Pacific such as India and China are characterized by rising disposable income, high economic growth, improving living standards, high government spending, etc. offering abundant opportunities for Unsaturated Polyester Resins market in the region.

 TABLE 2  Economic Growth in Leading Asia-Pacific Countries

Unsaturated Polyester Resins Market

Unsaturated Polyester Resins Industry is Shifting Towards Consolidation

Unsaturated Polyester Resins market is at high risk for consolidation leading to plant closures and exiting of small players in many regions. Merger and Acquisition is the most preferred strategy adopted by several major players to get the edge over the other competitors. For instance, two giants Polynt and Reichhold merged to form the new Polynt-Reichhold with the aim of enhancing their global presence and strengthening their position in coating and composite resins, intermediates, gel-coats, thermoset compounds, and niche specialties markets in May 2017. Key manufacturers of Unsaturated Polyester Resin market includes Reichhold Inc., Ashland Inc., Royal DSM, Aoc LLC, BASF SE, U-Pica Company Ltd., UPC Technology Corp., Nuplex Industries Ltd., and Scott Bader Company Ltd. among others.

 Unsaturated Polyester Resins Market

Historical & Forecast Period

2016 – Historical Year

2017 – Base Year

2018-2026 – Forecast Period

Our study analyzed each market segment during the period of 2016 to 2026 with 2017 as the base year. Forecast period between 2018 and 2026 considered for the CAGR calculation.

Report Scope

The report enlightens the thorough outline of global Unsaturated Polyester Resins market by categorizing the market in different segment given below:

Unsaturated Polyester Resins Market, By Type Segment (2016–2026; Kilo Ton, US$ Mn)

  • Orthophthalic Resins
  • Isophthalic Resins
  • Dicyclopentadiene Resins
  • Other Resins

Unsaturated Polyester Resins Market, By End-use Industry (2016–2026; Kilo Ton, US$ Mn)

  • Building & Construction
  • Marine
  • Transportation
  • Pipes & Tanks
  • Electrical & Electronics
  • Wind Energy
  • Others (artificial stones, coatings, etc.)

Geography Segment (2016–2026; Kilo Ton, US$ Mn)

  • North America
    • United States
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA

This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global Unsaturated Polyester Resins market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.

Key questions answered in this report

  • What are the current market trends in the Unsaturated Polyester Resins market and valuable opportunities for the players?
  • How the environmental regulations affect global as well as the regional markets?
  • Which is the most lucrative region for investment?
  • What is the market size and trends in emerging markets?
  • Which are the prime end-use industries of Unsaturated Polyester Resins across different geographies?
  • Which are the major types of Unsaturated Polyester Resins and their market sizes?
  • Which are the leading players and their market position?
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Published Date:  Aug 2018
Category:  Chemicals
Report ID:   59239
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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