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Unsaturated Polyester Resins Market

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Unsaturated Polyester Resins Market report categorizes global market by product type, and end use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024
Unsaturated Polyester Resins Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
An unsaturated polyester resin is an essential polymer required for production of
composite materials, including mainly glass fiber–reinforced plastics (FRP).
FRP composites have a prominent application in various industries such as
construction, land transport, and marine. Non-reinforced unsaturated polyester
resins are used to manufacture solid-surfaced countertops, marbles, automotive
repair putty and filler, gel coats, and few other items such as bowling balls and
buttons.
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The global unsaturated polyester resins market growth is primarily driven by
factors such as increasing demand for composite demand owing to its light
weight, superior durability, and low cost. Unsaturated polyester resins are
extensively used in various industries to improve thermal, flexure composites
mechanical, and morphological attributes. Unsaturated polyester resins are
widely used in construction industry in water management systems such as
tanks and pipes. Moreover, increasing flexibility and high corrosion resistance
properties are expected to fuel growth of the global market during the forecast
period (2016-2024). Unsaturated polyester resins also find application in
building panels, concrete forming pans, concrete rebar, doors, shower stalls,
electrical boxes, and floor grafting. Unsaturated polyester resins are also used in
manufacturing recreational products such as sailboats, powerboats, personal
watercraft, and kayaks.
The key players identified in the global unsaturated polyester resins market are
Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd., AOC Resins LLC, BASF
SE, The Dow Chemical Company, Royal DSM, CCP Composites, Reichhold
Inc., and SABIC. Other major players existing in the global unsaturated
polyester market space are Scott Bader, U-Pica Technology Group, Polynt
Composites, Showa Denko, and Lanxess Aktiengesellschaft among others.
These industry players are currently focused on expanding their global footprint
by enhancing their production capacity by means of expansion, setting up a new
manufacturing facility and strategic mergers & acquisitions.
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pallavi.reddy
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