Unsaturated Polyester Resin Market and Share 2020 - Future Growth Analysis by Business Revenue, Top Opportunities, Manufacturers, Global Trends Forecast to 2027 | Fortune Business Insights™
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
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
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.
Unsaturated Polyester Resin Market report Focus on:
- Extensive
product offerings
- Customer
research services
- Robust research
methodology
- Comprehensive
reports
- Latest
technological developments
- Value chain
analysis
- Potential Market
opportunities
- Growth dynamics
- Quality
assurance
- Post-sales
support
- Regular report
updates
Reasons to Purchase this Report:
- Comprehensive
analysis of the market growth drivers, obstacles, opportunities, and other
related challenges.
- Tracks the
developments, such as new product launches, agreements, mergers and
acquisitions, geographical expansions, and joint ventures.
- Identifies
market restraints and boosters.
- Identifies all
the possible segments present in the market to aid organizations in
strategic business planning.
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 with TOC:
https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
Detailed Table of Content:
- Introduction
- Research Scope
- Market
Segmentation
- Research
Methodology
- Definitions and
Assumptions
- Executive
Summary
- Market Dynamics
- Market Drivers
- Market
Restraints
- Market
Opportunities
- Key Insights
- Key Emerging
Trends – For Major Countries
- Key
Developments: Mergers, Acquisition, Partnership, etc.
- Latest
Technological Advancement
- Insights on
Regulatory Scenario
- Porters Five
Forces Analysis
- Qualitative
Insights – Impact of COVID-19 on Global Unsaturated Polyester Resin Market
- Supply Chain
Challenges
- Steps taken by
Government/Companies to overcome this impact
- Potential
opportunities due to COVID-19 outbreak
- Global
Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By
Type, 2016-2027
- Key Findings /
Summary
- Market Size
Estimates and Forecast
- By Type
(Volume/Value)
- Orthophthalic
- Isophthalic
- DCPD
- Global
Unsaturated Polyester Resin Market Analysis, Insights and Forecast, By
Application, 2016-2027
- Key Findings /
Summary
- Market Size
Estimates and Forecast
- By Application
(Volume/Value)
- Building
& Construction
- Marine
- Pipes &
Tanks
- Electrical
& Electronics
- Land Transportation
- Wind Energy
- Others
TOC Continued…!
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