According to a new market report published by Lucintel, the future of the unsaturated polyester resin in the global automotive composites market is attractive with opportunities in various application, including pickups, closure panels, body panels, fenders, GOR, heat shields, headlamp reflectors, and others. The unsaturated polyester resin in the global automotive composites market is declined in 2020 due to the global economic recession led by COVID-19.
However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.3 billion by 2026 with a CAGR of 3.7% from 2021 to 2026. The major driver for unsaturated polyester resin in the global automotive composites market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials. UPR Composites with properties such as easy to process, high tensile strength, lightweight, good corrosion resistance and surface tension are ideal for manufacturing lightweight and fuel-efficient vehicles.
In this market, SMC and BMC are the major material type used in material different end use industries. Lucintel forecast that SMC resin will remain the largest segment by value and volume and will experience the highest growth over the forecast period because of its greater flexural strength and tensile strength than BMC. SMC also has longer fiber length and higher fiber content components in body and closure panel applications and these qualities will spur growth for this segment over the forecast period.
Within the unsaturated polyester resin in the automotive composites market, headlamp reflector will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to increasing penetration of composites materials in automotive applications.
North America is expected to remain the largest region by value and volume and APAC & ROW is expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of polyester resin system with low VOC emission, and increasing shift to bio-based resins. Polynt-Reichhold, Ashland, AOC, Swarncor Ind. Co. Ltd., and Scott Bader are among the major suppliers of the unsaturated polyester resin in automotive composites market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the unsaturated polyester resin in the global automotive composites market by application, material, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Unsaturated Polyester Resin in the Global Automotive Composites 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the unsaturated polyester resin in the global automotive composites market by application, material, and region as follows:
By Application [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
•Pick up
•Closure Panel
•Body Panels
•Fenders
•GOR
•Heat Shield
•Headlamp Reflector
•Others
By Material [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
•SMC
•BMC
By Region [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
•North America
•Europe
•APAC & ROW
This 177 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 https://www.lucintel.com/unsaturated-polyester-resin-in-the-global-automotive-composites-market.aspx or write us at 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 unsaturated polyester resin in the global automotive composites market by application (pick up, closure panels, body panels, fender, GOR, heat shields, headlamp reflectors, and others), material (SMC, BMC), and region (North America, Europe, Asia Pacific and the 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 emerging trends in this market and the reasons behind them?
Q.7 What are some 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?