(MENAFN- Ameliorate Digital Consultancy)
The global unsaturated polyester resin market currently accounts for a value of US$ 13.1 billion and is pegged for expansion at 5.5% CAGR from 2023 to 2033. By the end of the forecast period, global demand for unsaturated polyester resins is thus estimated to secure a revenue of US$ 22.5 billion .
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Unsaturated Polyester Resin market. The report presents detailed information regarding the drivers, restraints, opportunities, and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates on the market behavior of each vendor operating in the Unsaturated Polyester Resin market.
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Key findings of the Unsaturated Polyester Resin market study:
Regional breakdown of the Unsaturated Polyester Resin market based on predefined taxonomy. Innovative manufacturing processes implemented by Unsaturated Polyester Resin vendors in detail. Region-wise and country-wise fragmentation of the Unsaturated Polyester Resin market to grasp the revenue, and growth outlook in these areas. Changing preferences among consumers across various regions and countries. Factors (Positive and Negative) impacting the growth of the global Unsaturated Polyester Resin market.
Country-wise Insights
Why Should Unsaturated Polyester Resin Manufacturers Focus on the United States?
“Rising Focus on Smart Cities and Increasing Demand for Residential Infrastructure”
Demand for housing in the United States has been increasing at a rapid pace in the past few years and this trend is expected to result in the launch of new residential infrastructure projects in the country. The aforementioned factor is slated to bolster demand for construction products and supplies, which in turn is estimated to bolster shipments of unsaturated polyester resins over the coming years.
Increasing focus on the development of smart cities in the country will also aid unsaturated polyester resin demand through 2033. Increasing automotive production, expanding demand for lightweight automotive components, growing focus on sustainability, and increasing investments in research and development of eco-friendly resins are other prospects that could uplift unsaturated polyester resin sales in the country over the next ten years.
Key Companies Profiled
Reichhold Inc. Koninklijke DSM N.V. Tianhe Resin Co. Ltd. BASF SE Polynt UPC Group Scott Bader Company Ltd. U-PICA Company Ltd. INEOS Satyen Polymers Pvt. Ltd. Eternal Materials Co. Ltd. LERG SA Dow Chemical
Competitive Landscape
Prime unsaturated polyester resin vendors are focusing on mergers, acquisitions, and collaborations that allow them to widen their business scope and strengthen their share in the global marketplace.
In October 2020, Ashland Global Holdings Inc., a leading American chemicals company, announced that it had completed the sale of its maleic anhydride business along with a manufacturing facility in West Virginia to AOC Materials. The deal was closed at US$ 100 million and helped AOC strengthen its unsaturated polyester resin business as maleic anhydride is a common raw material for its manufacturing.
A more detailed and elaborative account of how new developments by top unsaturated polyester resin producers influence aspects such as pricing trends and product standards has been mentioned in this latest Fact.MR research analysis.
Key Segments of Unsaturated Polyester Resin Industry Research
By Product : DCPD Orthophthalic Isophthalic Others
By End Use : Building & Construction Tanks & Pipes Electrical Marine Transport Artificial Stones Others
By Region : North America Latin America Europe APAC MEA
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Queries addressed in the Unsaturated Polyester Resin market report:
Why are the Unsaturated Polyester Resin market players targeting regions for increased product sales? What patented technologies are the players utilizing in the global Unsaturated Polyester Resin market? Which regions are displaying the fastest growth in the Unsaturated Polyester Resin market? What are the underlying micro-macroeconomic factors affecting the global Unsaturated Polyester Resin market?
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