Unsaturated Polyester Resin Market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2027
The
global ''unsaturated
polyester resin market size'' is set to gain momentum from the increasing
demand from numerous end-use industries, such as marine, electrical &
electronics, aerospace, and automotive. This information is given by Fortune
Business Insights™ in a new report, titled, “Unsaturated
Polyester Resin Market Size, Share & COVID-19 Impact Analysis, By Type
(Orthophthalic, Isophthalic, and DCPD), By Application (Building &
Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land
Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027” The report further
states that the market size was USD 11,579.6 million in 2019 and is projected
to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the
forecast period.
List of the Leading Companies Profiled in the Global Unsaturated
Polyester Resin Market are:
- Reichold (U.S.)
- Royal DSM
(Netherlands)
- Deltech (U.S.)
- Polynt (Italy)
- Dow (U.S.)
- BASF SE (Germany)
- INEOS (U.K.)
- U-PICA Company.
Ltd. (Japan)
- UPC Technology
Corporation (Taiwan)
- Scott Bader
Company Ltd. (U.K.)
- Other Key Players
COVID-19 Pandemic: Shortage of Raw Materials May Decline Demand
The
COVID-19 pandemic has affected a wide range of industries worldwide, thereby
halting trade and manufacturing activities. The lockdown has also caused a
shortage of raw materials. Hence, the costs of finished products have surged
rapidly. These factors are set to decline the demand for unsaturated polyester
resins in the near future.
How Did We Create This Report For You?
We
follow an innovative research methodology that includes data triangulation on
the basis of bottom-up and top-down approaches. We conduct extensive primary
research to validate the projected market numbers. The data used to estimate
the forecast for various segments at the country, regional, and global levels
is collected through interviews with various leading stakeholders. We also
derive information from paid databases, industry journals, SEC filings, and
other authentic resources. The report includes several details, such as
drivers, opportunities, challenges, and dynamics of the market.
Key Drivers & Restraints-
Excellent Surface Finish and Water Repellency to Augment Growth
The
building and construction industry is the major user of unsaturated polyester
resins as the material is necessary for producing bathroom fixtures, floor
tiles, roof tiles, and window panels. It also has certain beneficial
properties, such as good electrical insulation, rigidity, resistance to wear, water
repellency, and excellent surface finish. These factors are anticipated to
propel the unsaturated polyester resin market growth in the upcoming years.
However, the availability of numerous substitutes in the market would obstruct
growth.
Major Segment-
Marine Segment to Grow Steadily Fueled by Usage in Surfer Boards
& Boat Decks
Based
on the application, the marine segment generated 8.84% in terms of the
unsaturated polyester resin market share in 2019. It is set to show substantial
growth backed by the increasing usage of UPR in surfer boards, fiberglass
panels, interior & exterior parts, and boat decks.
Top Regional Insights-
Asia Pacific to Lead Fueled by Demand from Construction and Marine
Industries
Geographically,
Asia Pacific procured USD 6,606.2 million in 2019 in terms of revenue. It is
likely to retain its dominant position throughout the forthcoming years because
of the rising demand for unsaturated polyester resins in numerous industries,
such as aerospace, marine, building & construction, and automotive.
Emerging nations, namely, Japan, India, and China, are expected to contribute
to this growth because of constant economic development.
On
the other hand, North America is set to exhibit a significant share stoked by
the rising disposable income and technological advancements in the region. In
Europe, Germany would showcase the highest growth on account of the sales and
production of automobiles.
Key Competitive Landscape-
Key Players Focus on Various Organic & Inorganic Strategies to
Compete in Market
The
global market for unsaturated polyester resins houses several renowned
manufacturers. Most of them are adopting the strategies of collaboration,
acquisitions, new product launches, and expansion of distribution channels.
Below is one of the latest industry developments:
- December 2020:
AOC acquired a Spolchemie plant for unsaturated polyester resins in the
Czech Republic. It would aid the company to enhance its logistics and
services.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
About Us:
Fortune
Business Insights™ delivers accurate data and innovative corporate analysis,
helping organizations of all sizes make appropriate decisions. We tailor novel
solutions for our clients, assisting them to address various challenges
distinct to their businesses. Our aim is to empower them with holistic market
intelligence, providing a granular overview of the market they are operating
in.
Contact Us:
Fortune
Business Insights™ Pvt. Ltd.
308,
Supreme Headquarters,
Survey
No. 36, Baner,
Pune-Bangalore
Highway,
Pune
- 411045, Maharashtra, India.
Phone:
US
:+1 424 253 0390
UK
: +44 2071 939123
APAC
: +91 744 740 1245
Email:
sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
Comments
Post a Comment