The steady rise in growth opportunities in the field of unsaturated polyester resins has led to the influx of several new players in the market in the past few years, leading to a significant rise in the intensity of competition in the market, observes Transparency Market Research in a recent report. Rising demand from a number of new applications and industries across emerging economies has compelled companies to focus on strategic collaborations with prominent companies operating in regional pockets. Companies are also focusing on R&D activities aimed at the development of products capable of superior recycling and processing capabilities.

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Some of the leading companies in the market are U-Pica Company Ltd., Nuplex Industries Ltd., BASF SE, Royal DSM, and Polynt-Reichhold Group.

unsaturated polyester resins market

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Asia Pacific to Remain Most Lucrative Regional Market

Of the prominent products in the global unsaturated polyester resins market, the segment of isophthalic resins accounted for the dominant share in the overall market in 2017 and is expected to account for a significant share of the market over the forecast period as well. The high preference to the product variety in composites or fiber glass industries can be attributed to the excellent flexibility, better chemical resistance, and high strength.

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Geographically, the market in Asia Pacific excluding Japan accounts for the dominant share in the overall market. The region is also expected to emerge as the regional market with the most promising growth opportunities over the report’s forecast period, exhibiting a 5.3% CAGR and rising to a valuation of US$ 3,085.8 mn by 2022. The steady growth prospects of a number of prominent end-use industries of unsaturated polyester resins such as automotive, construction, and marine in the region will push the demand for unsaturated polyester resins further.

This review of the global unsaturated polyester resin market is based on a recent market research report by Transparency Market Research, titled “Unsaturated Polyester Resins Market (Product Type – Orthophthalic Resins, Isophthalic Resins, and Dicyclopentadiene (DCPD) Resins; End User- Electrical, Transport, Artificial Stone/Marble, Resins, Tanks, Pipes, Scrubbers, and Pipe re-lining, and Building and Construction) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.”

For the study, the market has been segmented as follows:

Global Unsaturated Polyester Resins Market, by Product

  • Orthophthalic resins
  • Isphthalic resins
  • Dicyclopentadiene (DCPD) resins

Global Unsaturated Polyester Resins Market, by End-Use

  • Electrical
  • Transport
  • Artificial Stone/Marble
  • Gelcoats
  • Tanks
  • Pipes
  • Scrubbers
  • Pipe Re-lining
  • Building and Construction

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