Unsaturated Polyester Resin Market- Business Growth, Regional Trends, Sales Revenue, Size, Development Status, Key Players Analysis And Comprehensive Research Study Till 2026

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According to the latest report published by Credence Research, Inc. “Global Unsaturated Polyester Resin Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Unsaturated Polyester Resin market was valued at US$ 10,052.8 Mn in 2017, expected to grow at the CAGR of 5.50% from 2018 to 2026.

Market Insights

Unsaturated polyesters are copolymers derived by polymerizing diol with saturated and unsaturated dicarboxylic acids or their anhydrides. Unsaturated Polyester Resin market size was valued at US$ 10,052.8 Mn in 2017, growing with a CAGR of 5.50% during the forecast period from 2018 to 2026. Unsaturated Polyester Resin market is driven by various factors such as increasing demand from end-use industries, an essential polymer for production of composite materials, economical option as compared to other resin, etc. Owing to its thermal, flexure composites mechanical, and morphological attributes unsaturated polyester resins are extensively used in various industries. Moreover, due to the strong mechanical properties they are used in the manufacturing of composites. Orthophthalic type is the leading segment followed by Isophthalic type in 2017. Orthophthalic is the most preferred type over other resins owing to low cost, toughness, and chemical resistance.

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Building & Construction held the largest share of Unsaturated Polyester Resin market by end-use industry in 2017. In building & construction industry, unsaturated polyester resins find promising application in roofing, building panels, concrete forming pans, reinforcement, and household structures composites. Renovation activities for aging infrastructure across the world especially in developed economies expected to boost the demand for unsaturated polyester resins from the building and construction industry. Unsaturated Polyester Resins market has a positive outlook in transportation end-use industry on account of enhanced lifespan and improved performance of end-products even in an adverse and challenging environment. Furthermore, increasing demand for automotive parts with a higher stiffness and wear resistance is creating an increasing pressure on manufacturers to produce specialty resins such as UPR, which can be reinforced with a filler without affecting dynamic load.

Based on the geography, Asia-Pacific dominated the global Unsaturated Polyester Resin market in 2017 in terms of value and volume. China and India are among the major market for Asia-Pacific owing to booming construction, automotive, and electronics end-use industries. China is also the largest producer of unsaturated polyester resins in the world. Many manufacturers are moving their base from developed to developing countries in through merger & acquisition, joint ventures, and partnership due to cheap availability of raw materials, labor, and liberal government policies also fueling the supply for unsaturated polyester resins in emerging economies. For instance, Reichhold Industries Inc. proposed to set up an additional manufacturing unit of unsaturated composite resin at Pune, India in February 2016.

Since, Unsaturated Polyester Resins market is moving towards consolidation, merger and acquisition is the key strategy adopted by many giants to get an edge over other players in this highly competitive market. Key manufacturers of unsaturated polyester resins include Reichhold Inc. (U.S.), Ashland Inc. (U.S.), BASF SE (Germany), Scott Bader (U.K.) and Royal DSM (Netherlands) among others.

ToC:

Chapter 1 Preface 13
1.1 Report Scope and Description 13
1.1.1 Study Purpose 13
1.1.2 Target Audience 13
1.1.3 USP and Key Offerings 13
1.2 Research Scope 14
1.3 Research Methodology 15
1.3.1 Phase I – Secondary Research 15
1.3.2 Phase II – Primary Research 16
1.3.3 Phase III – Expert Panel Review 16
1.3.4 Approach Adopted 16
1.3.5 Top-Down Approach 17
1.3.6 Bottom-Up Approach 17
1.3.7 Assumptions 18
1.4 Market Segmentation 18

Chapter 2 Executive Summary 19
2.1 Market Snapshot: Global Unsaturated Polyester Resins Market 20
2.1.1 Global Unsaturated Polyester Resins Market, by Type, 2017 (Kilo Tons) (US$ Mn) 21
2.1.2 Global Unsaturated Polyester Resins Market, by End-use Industries, 2017 (Kilo Tons) (US$ Mn) 21
2.1.3 Global Unsaturated Polyester Resins Market, by Geography, 2017 (Kilo Tons) (US$ Mn) 22

Chapter 3 Market Dynamics 23
3.1 Introduction 23
3.2 Market Dynamics 24
3.2.1 Market Drivers 24
3.2.1.1 Growing Demand for Unsaturated Polyester Resins from Asia-Pacific End-Use Industries 24
3.2.1.2 Driver 2 25
3.2.2 Challenges 26
3.2.2.1 Challenge 1 26
3.2.2.2 Challenge 2 26
3.2.3 Opportunities 27
3.2.3.1 Opportunity 1 27
3.2.3.2 Opportunity 2 27
3.3 Attractive Investment Proposition, by Geography, 2017 28
3.4 Market Positioning of Key Players, 2017 29

Chapter 4 Global Unsaturated Polyester Resins Market, by Type 30
4.1 Overview 30
4.1.1 Global Unsaturated Polyester Resins Market Value Share, by Type, 2017 & 2026 (Value, %) 31
4.1.2 Global Unsaturated Polyester Resins Market, by Type, 2016 – 2026 (Kilo Tons) (US$ Mn) 31
4.2 Orthophthalic Resins 33
4.2.1 Global Unsaturated Polyester Resins Market, by Orthophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 33
4.3 Isophthalic Resins 34
4.3.1 Global Liquid Unsaturated Polyester Resins Market, by Isophthalic Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 34
4.4 Dicyclopentadiene Resins 35
4.4.1 Global Liquid Unsaturated Polyester Resins Market, by Dicyclopentadiene Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 35
4.5 Other Resins 36
4.5.1 Global Liquid Unsaturated Polyester Resins Market, by Other Resins, 2016 – 2026 (Kilo Tons) (US$ Mn) 36

……………..toc continued

Browse the full report Global Unsaturated Polyester Resin Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at  https://www.credenceresearch.com/report/unsaturated-polyester-resins-market

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Unsaturated polyesters are condensation polymers formed by the reaction of polyols (also known as polyhydric alcohols), organic compounds with multiple alcohol or hydroxy functional groups, with saturated or unsaturated dibasic acids. Typical polyols used are glycols such as ethylene glycol; acids used are phthalic acid, isophthalic acid and maleic acid. Water, a by-product of esterification reactions, is continuously removed, driving the reaction to completion. The use of unsaturated polyesters and additives such as styrene lowers the viscosity of the resin. The initially liquid resin is converted to a solid by cross-linking chains. This is done by creating free radicals at unsaturated bonds, which propagate in a chain reaction to other unsaturated bonds in adjacent molecules, linking them in the process. The initial free radicals are induced by adding a compound that easily decomposes into free radicals. This compound is usually and incorrectly known as the catalyst. Initiator is the more correct term. Cobalt salts are usually used as a true catalyst. Substances used are generally organic peroxides such as benzoyl peroxide or methyl ethyl ketone peroxide.

Polyester resins are thermosetting and, as with other resins, cure exothermically. The use of excessive initiator especially with a catalyst present can, therefore, cause charring or even ignition during the curing process. Excessive catalyst may also cause the product to fracture or form a rubbery material.– wikipedia”

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