DELRAY
BEACH, Fla., Sept. 10,
2024 /PRNewswire/ -- The
report "Unsaturated Polyester Resins
Market by Type (Orthophthalic Resins, Isophthalic
Resins, Dicyclopenntadiene Resins, Gelcoats), End-use Industry
(Building & Construction, Marine, Transportation, Pipes &
Tanks, Wind Energy), Region - Global Forecast to 2029", is
projected to reach a market size of USD
10.29 billion by 2029 from USD 8.50
billion in 2024, at a CAGR of 3.9%. Asia pacific is the one of the largest markets
for unsaturated polyester resins. The demand for unsaturated
polyester resins is experiencing significant growth across various
industries, including automotive, building & construction,
electronical & electronics, marine and more. Emerging nations
such as China, India, Brazil, and Mexico are expected to play a crucial role in
driving the global unsaturated polyester resins market forward.
Browse in-depth TOC on "Unsaturated Polyester Resins
Market"
350 – Tables
60 – Figures
305 –
Pages
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Orthophthalic Resins by type segment dominate the market by
highest share of the unsaturated polyester resins market during the
forecasted period.
Orthophthalic Resins are dominating because of their balanced
mechanical qualities and excellent performance-to-cost ratios.
These resins have many beneficial applications because of their
strong mechanical qualities, chemical resistance, and ease of
processing. Because of their great performance and durability, they
can be employed in a variety of industries, including the marine,
construction, and automotive sectors. Additionally, orthophthalic
resins are more extensively employed, especially for less expensive
items, due to their comparatively lower cost as compared to
isophthalic or vinyl ester resins. Their additional benefits
include having command of the production procedures and having
their products readily available, both of which are highly
advantageous to them in the marketplace. With ongoing technological
advancements and innovations in orthophthalic resins, coupled with
expanding applications in emerging industries, the segment is
expected to experience robust growth in the forecast period.
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Asia Pacific region is
likely to be the fastest growing unsaturated polyester resins
market during the forecast period.
Rapid industrialization and urbanization in the Asia Pacific region are driving demand across
various sectors including automotive, electronics, construction,
and marine industry. With expanding manufacturing activities in
countries like China, India, Japan,
and South Korea, there's a rising
need for unsaturated polyester resins for various applications.
Moreover, ongoing infrastructural development projects,
particularly in China and
India, are boosting demand in the
construction sector for applications like bonding, sealing,
insulation, and surface protection. Advancements in unsaturated
polyester resin formulations tailored to diverse industry needs are
poised to further stimulate market growth in the region.
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Market Players
Polynt S.p.A. (Italy), DIC
Corporation (Japan), Allnex GMBH
(Germany), Newsolar
Technology Group Co., Ltd. (China), Scott Bader Company Ltd. (UK), Resonac
Holdings Corporation (Japan), BASF
SE (Germany), AOC(US), Covestero
AG (Germany), and INEOS (UK) are
the key players in the global unsaturated polyester resins
market.
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