According to a new market report published by Lucintel, the future of the unsaturated polyester resin market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, and gelcoat end use. The global unsaturated polyester resin is expected to reach an estimated $14.8 billion by 2027 with a CAGR of 4.8% from 2021 to 2027. The major drivers for this market are growing infrastructural investments and rehabilitation of old infrastructural projects and increasing need for lightweight products with ease of handling, transportation, and installation.
In this market hand layup, spray-up, filament winding, compression molding, RTM/injection molding and pultrusion are the manufacturing processes. Lucintel forecasts that hand layup is expected to remain the largest manufacturing process segment because it is the most basic and versatile process among all the fabricating processes.
Within the global unsaturated polyester resin market, construction will remain the largest end use by value and volume due to increasing residential and commercial construction and growth in remolding activities. Wind energy is expected to witness highest growth over the forecast period due to the growing usages of lightweight and high performance materials
APAC will remain the largest region and it is also expected to witness highest growth over the forecast period due to rapid industrialization, increasing urbanization, and growing per capita income in the emerging countries is giving rise to residential and commercial construction and growing investment in water and wastewater infrastructure.
Emerging trends, which have a direct impact on the dynamics of the industry, includes low styrene content unsaturated polyester resin and increasing usage of ecofriendly unsaturated polyester resin. Polynt-Reichhold, AOC, Ashland, Xinyang and Tianhe Resin are among the major unsaturated polyester resin manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global unsaturated polyester resin market by end use, product type, manufacturing process, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Unsaturated Polyester Resin Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global unsaturated polyester resin market by end use, product type, manufacturing process, and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
Transportation
Marine
Wind Energy
Aerospace
Pipe and Tank
Construction
Electrical and Electronics
Consumer Goods
Non-FRP
Gelcoat
Others
By Product Type [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
Orthophthalic
Isophthalic
DCPD
Others
By Manufacturing Process [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
Hand Layup
Spray-Up
Filament Winding
Compression Molding
RTM/Injection Molding
Pultrusion
Others
By Region [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
Europe
Germany
The United Kingdom
France
Spain
Others
Asia Pacific
The Rest of the World
Brazil
Middle East
Others
This 233-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/unsaturated-polyester-resin-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global unsaturated polyester resin market by end use (transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, gelcoat, and others), product type (orthophthalic, isophthalic, DCPD, and others), manufacturing process (hand layup, spray-up, filament winding, compression molding, RTM/injection Molding, pultrusion, and others), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?