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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

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Published: | Report ID: 11066 | Report Format : PDF

Industry Outlook

Unsaturated Polyester Resins market was worth USD 10,052.8 million in 2017 and is expected to grow at a CAGR of 5.50% between 2018 and 2026. Unsaturated polyester resins find wide applications 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 the production of composite materials such as glass fiber–reinforced plastics (FRP). Increasing demand for lightweight composites from the aforementioned industries due to their low cost, lightweight, and superior durability is 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. The UPR market continues to consolidate and shift to China, India, and other Asian countries, consequently leading to plant closures and the 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 a preferred material across end-use industries.

Declining prices of unsaturated polyester resin coupled with a 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 the contrary, the presence of other competitive substitute resins and difficulties in recycling UPR is 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 include Reichhold Inc. (U.S.), Ashland Inc. (U.S.), BASF SE (Germany), Scott Bader (U.K.), and Royal DSM (Netherlands), among others.

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Market Synopsis

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

In 2017, the Orthophthalic segment accounted for the largest market share and was expected to maintain its dominant position over the forecast period. Orthophthalic polyester is the most common, standard, and preferred polyester owing to its low cost, toughness, and chemical resistance. Isophthalic type closely follows Orthophthalic with the second highest market share and is also projected to witness the fastest CAGR during the forecast period. This is attributed to increasing demand for Isophthalic type from the 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, including gel coat resins, terephthalic resins, and chlorogenic resin.

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

Building & Construction represented 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 structure composites in the building & construction industry. The resurgence of the global Construction and building sector, coupled with the 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 the production of automotive, coupled with efforts to improve fuel efficiency through weight reduction by using composite materials such as FRP, also fueling the demand for 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 the flourishing end-use industry such as the 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’s 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.

Unsaturated Polyester Resins Industry is Shifting Towards Consolidation

Unsaturated Polyester Resins market is at high risk for consolidation leading to plant closures and the 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 include 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.

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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. The forecast period between 2018 and 2026 is considered for the CAGR calculation.

Report Scope

The report enlightens the thorough outline of the global Unsaturated Polyester Resins market by categorizing the market into different segments 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 the 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 the global Unsaturated Polyester Resins market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Chapter 1 Preface 13
1.1 Report Scope and Description 13
1.1.1 Study Purpose 13
1.1.2 Target Audience 13
1.1.3 USP and Key Offerings 13
1.2 Research Scope 14
1.3 Research Methodology 15
1.3.1 Phase I – Secondary Research 15
1.3.2 Phase II – Primary Research 16
1.3.3 Phase III – Expert Panel Review 16
1.3.4 Approach Adopted 16
1.3.5 Top-Down Approach 17
1.3.6 Bottom-Up Approach 17
1.3.7 Assumptions 18
1.4 Market Segmentation 18

Chapter 2 Executive Summary 19
2.1 Market Snapshot: Global Unsaturated Polyester Resins Market 20
2.1.1 Global Unsaturated Polyester Resins Market, by Type, 2017 (Kilo Tons) (US$ Mn) 21
2.1.2 Global Unsaturated Polyester Resins Market, by End-use Industries, 2017 (Kilo Tons) (US$ Mn) 21
2.1.3 Global Unsaturated Polyester Resins Market, by Geography, 2017 (Kilo Tons) (US$ Mn) 22

Chapter 3 Market Dynamics 23
3.1 Introduction 23
3.2 Market Dynamics 24
3.2.1 Market Drivers 24
3.2.1.1 Growing Demand for Unsaturated Polyester Resins from Asia-Pacific End-Use Industries 24
3.2.1.2 Driver 2 25
3.2.2 Challenges 26
3.2.2.1 Challenge 1 26
3.2.2.2 Challenge 2 26
3.2.3 Opportunities 27
3.2.3.1 Opportunity 1 27
3.2.3.2 Opportunity 2 27
3.3 Attractive Investment Proposition, by Geography, 2017 28
3.4 Market Positioning of Key Players, 2017 29

Chapter 4 Global Unsaturated Polyester Resins Market, by Type 30
4.1 Overview 30
4.1.1 Global Unsaturated Polyester Resins Market Value Share, by Type, 2017 & 2026 (Value, %) 31
4.1.2 Global Unsaturated Polyester Resins Market, by Type, 2016 – 2026 (Kilo Tons) (US$ Mn) 31
4.2 Orthophthalic Resins 33
4.2.1 Global Unsaturated Polyester Resins Market, by Orthophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 33
4.3 Isophthalic Resins 34
4.3.1 Global Liquid Unsaturated Polyester Resins Market, by Isophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 34
4.4 Dicyclopentadiene Resins 35
4.4.1 Global Liquid Unsaturated Polyester Resins Market, by Dicyclopentadiene Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 35
4.5 Other Resins 36
4.5.1 Global Liquid Unsaturated Polyester Resins Market, by Other Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 36

Chapter 5 Global Unsaturated Polyester Resins Market, by End-use Industries 37
5.1 Overview 37
5.1.1 Global Unsaturated Polyester Resins Market Value Share, by End-use Industries, 2017 & 2026 (Value, %) 38
5.1.2 Global Unsaturated Polyester Resins Market, by End-use Industries, 2016 – 2026 (Kilo Tons) (US$ Mn) 38
5.2 Building & Construction 40
5.2.1 Global Unsaturated Polyester Resins Market, by Building & Construction, 2016 – 2026 (Kilo Tons) (US$ Mn) 40
5.3 Marine 41
5.3.1 Global Unsaturated Polyester Resins Market, by Marine, 2016 – 2026 (Kilo Tons) (US$ Mn) 41
5.4 Transportation 42
5.4.1 Global Unsaturated Polyester Resins Market, by Transportation, 2016 – 2026 (Kilo Tons) (US$ Mn) 42
5.5 Pipes & Tanks 43
5.5.1 Global Unsaturated Polyester Resins Market, by Pipes & Tanks, 2016 – 2026 (Kilo Tons) (US$ Mn) 43
5.6 Electrical & Electronics 44
5.6.1 Global Unsaturated Polyester Resins Market, by Electrical & Electronics, 2016 – 2026 (Kilo Tons) (US$ Mn) 44
5.7 Wind Energy 45
5.7.1 Global Unsaturated Polyester Resins Market, by Wind Energy, 2016 – 2026 (Kilo Tons) (US$ Mn) 45
5.8 Others (artificial stones, coatings, etc.) 46
5.8.1 Global Unsaturated Polyester Resins Market, by Others, 2016 – 2026 (Kilo Tons) (US$ Mn) 46

Chapter 6 Global Unsaturated Polyester Resins Market, by Geography 47
6.1 Overview 47
6.1.1 Global Unsaturated Polyester Resins Market Value Share, by Geography, 2017 & 2026 (Value %) 48
6.1.2 Global Unsaturated Polyester Resins Market, by Geography 2016 – 2026 (Kilo Tons) (US$ Mn) 48
6.2 North America 50
6.2.1 North America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) (US$ Mn) 50
6.2.2 North America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) (US$ Mn) 51
6.2.3 North America Unsaturated Polyester Resins Market, by Country (Kilo Tons) (US$ Mn) 52
6.3 Europe 53
6.3.1 Europe Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) (US$ Mn) 53
6.3.2 Europe Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) (US$ Mn) 54
6.3.3 Europe Unsaturated Polyester Resins Market, by Country/Region (Kilo Tons) (US$ Mn) 55
6.4 Asia-Pacific 56
6.4.1 Asia-Pacific Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) (US$ Mn) 56
6.4.2 Asia-Pacific Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) (US$ Mn) 57
6.4.3 Asia-Pacific Unsaturated Polyester Resins Market, by Country/Region (Kilo Tons) (US$ Mn) 58
6.5 Latin America 59
6.5.1 Latin America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) (US$ Mn) 59
6.5.2 Latin America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) (US$ Mn) 60
6.5.3 Latin America Unsaturated Polyester Resins Market, by Country/Region (Kilo Tons) (US$ Mn) 61
6.6 Middle East & Africa 62
6.6.1 Middle East & Africa Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) (US$ Mn) 62
6.6.2 Middle East & Africa Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) (US$ Mn) 63
6.6.3 Middle East & Africa Unsaturated Polyester Resins Market, by Region (Kilo Tons) (US$ Mn) 64

Chapter 7 Company Profiles 65
7.1 Reichhold Inc. 65
7.2 Ashland Inc. 67
7.3 Royal DSM 69
7.4 Polynt 71
7.5 Aoc LLC 73
7.6 BASF SE 75
7.7 U-Pica Company Ltd. 77
7.8 UPC Technology Corp. 79
7.9 Nuplex Industries Ltd. 81
7.10 Scott Bader Company Ltd. 83

 

List of Figures

FIG. 1 Global Unsaturated Polyester Resins Market: Research Methodology 15
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 17
FIG. 3 Global Unsaturated Polyester Resins Market Segmentation 18
FIG. 4 Global Unsaturated Polyester Resins Market, by Type, 2017 (Kilo Tons) (US$ Mn) 21
FIG. 5 Global Unsaturated Polyester Resins Market, by End-use Industries, 2017 (Kilo Tons) (US$ Mn) 21
FIG. 6 Global Unsaturated Polyester Resins Market, by Geography, 2017 (Kilo Tons) (US$ Mn) 22
FIG. 7 Attractive Investment Proposition, by Geography, 2017 28
FIG. 8 Global Market Positioning of Key Unsaturated Polyester Resins Manufacturers, 2017 29
FIG. 9 Global Unsaturated Polyester Resins Market Value Share, by Type, 2017 & 2026 (Value, %) 31
FIG. 10 Global Unsaturated Polyester Resins Market, by Orthophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 33
FIG. 11 Global Liquid Unsaturated Polyester Resins Market, by Isophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 34
FIG. 12 Global Liquid Unsaturated Polyester Resins Market, by Dicyclopentadiene Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 35
FIG. 13 Global Liquid Unsaturated Polyester Resins Market, by Other Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 36
FIG. 14 Global Unsaturated Polyester Resins Market Value Share, by End-use Industries, 2017 & 2026 (Value, %) 38
FIG. 15 Global Unsaturated Polyester Resins Market, by Building & Construction, 2016 – 2026 (Kilo Tons) (US$ Mn) 40
FIG. 16 Global Unsaturated Polyester Resins Market, by Marine, 2016 – 2026 (Kilo Tons) (US$ Mn) 41
FIG. 17 Global Unsaturated Polyester Resins Market, by Transportation, 2016 – 2026 (Kilo Tons) (US$ Mn) 42
FIG. 18 Global Unsaturated Polyester Resins Market, by Pipes & Tanks, 2016 – 2026 (Kilo Tons) (US$ Mn) 43
FIG. 19 Global Unsaturated Polyester Resins Market, by Electrical & Electronics, 2016 – 2026 (Kilo Tons) (US$ Mn) 44
FIG. 20 Global Unsaturated Polyester Resins Market, by Wind Energy, 2016 – 2026 (Kilo Tons) (US$ Mn) 45
FIG. 21 Global Unsaturated Polyester Resins Market, by Others, 2016 – 2026 (Kilo Tons) (US$ Mn) 46
FIG. 22 Global Unsaturated Polyester Resins Market Value Share, by Geography, 2017 & 2026 (Value %) 48

List of Tables

TABLE 1 Market Snapshot: Global Unsaturated Polyester Resins Market Volume 21
TABLE 2 Market Snapshot: Global Unsaturated Polyester Resins Market Value 21
TABLE 3 Automotive Production in Leading Asia-Pacific Countries, 2012 – 2016 25
TABLE 4 Economic Growth in Leading Asia-Pacific Countries 26
TABLE 5 Global Unsaturated Polyester Resins Market, by Type, 2016 – 2026 (Kilo Tons) 32
TABLE 6 Global Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 33
TABLE 7 Global Unsaturated Polyester Resins Market, by End-use Industries, 2016 – 2026 (Kilo Tons) 39
TABLE 8 Global Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 40
TABLE 9 Global Unsaturated Polyester Resins Market, by Geography 2016 – 2026 (Kilo Tons) 49
TABLE 10 Global Unsaturated Polyester Resins Market, by Geography 2016 – 2026 (US$ Mn) 50
TABLE 11 North America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) 51
TABLE 12 North America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 51
TABLE 13 North America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) 52
TABLE 14 North America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 52
TABLE 15 North America Unsaturated Polyester Resins Market, by Country 2016 – 2026 (Kilo Tons) 53
TABLE 16 North America Unsaturated Polyester Resins Market, by Country 2016 – 2026 (US$ Mn) 53
TABLE 17 Europe Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) 54
TABLE 18 Europe Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 54
TABLE 19 Europe Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) 55
TABLE 20 Europe Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 55
TABLE 21 Europe Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (Kilo Tons) 56
TABLE 22 Europe Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (US$ Mn) 56
TABLE 23 Asia-Pacific Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) 57
TABLE 24 Asia-Pacific Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 57
TABLE 25 Asia-Pacific Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) 58
TABLE 26 Asia-Pacific Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 58
TABLE 27 Asia-Pacific Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (Kilo Tons) 59
TABLE 28 Asia-Pacific Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (US$ Mn) 59
TABLE 29 Latin America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) 60
TABLE 30 Latin America Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 60
TABLE 31 Latin America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) 61
TABLE 32 Latin America Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 61
TABLE 33 Latin America Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (Kilo Tons) 62
TABLE 34 Latin America Unsaturated Polyester Resins Market, by Country/Region 2016 – 2026 (US$ Mn) 62
TABLE 35 Middle East & Africa Unsaturated Polyester Resins Market, by Type 2016 – 2026 (Kilo Tons) 63
TABLE 36 Middle East & Africa Unsaturated Polyester Resins Market, by Type 2016 – 2026 (US$ Mn) 63
TABLE 37 Middle East & Africa Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (Kilo Tons) 64
TABLE 38 Middle East & Africa Unsaturated Polyester Resins Market, by End-use Industries 2016 – 2026 (US$ Mn) 64
TABLE 39 Middle East & Africa Unsaturated Polyester Resins Market, by Region 2016 – 2026 (Kilo Tons) 65
TABLE 40 Middle East & Africa Unsaturated Polyester Resins Market, by Region 2016 – 2026 (US$ Mn) 65
TABLE 41 Reichhold Inc.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 66
TABLE 42 Ashland Inc.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 68
TABLE 43 Royal DSM: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 70
TABLE 44 Polynt: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 72
TABLE 45 Aoc LLC: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 74
TABLE 46 BASF SE: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 76
TABLE 47 U-Pica Company Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 78
TABLE 48 UPC Technology Corp.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 80
TABLE 49 Nuplex Industries Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 82
TABLE 50 Scott Bader Company Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial InTypeation; Business Overview and Recent Development) 84

Frequently Asked Questions:

What is the size of Unsaturated Polyester Resins Market?

The market for Unsaturated Polyester Resins is expected to reach USD 10,052.8 million in 2026.

What is the Unsaturated Polyester Resins Market CAGR?

The Unsaturated Polyester Resins market is expected to see significant CAGR growth over the coming years, at 5.50%.

What is the Forecast period considered for Unsaturated Polyester Resins Market?

The report is forecasted from 2018-2026.

What is the base year considered for Unsaturated Polyester Resins Market?

The base year of this report is 2017.

Who are the major players in this Market?

Reichhold Inc. 65, Ashland Inc. 67,Royal DSM 69,Polynt 71,Aoc LLC 73 are some of the major players in the global market.

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