Global Unsaturated Polyester Resins (UPR) Market Size Was Valued at USD 11.62 Billion In 2022 And Is Projected to Reach USD 16.78 Billion By 2030, Growing at A CAGR of 4.7% From 2023 To 2030.
A polyester resin market is a polymer produced by a polycondensation reaction between particular polyalcohols and polyacids. Unsaturated Polyester Resins (UPR) are a type of polyester resin that, once restored, can take the shape of a mold. Unsaturated Polyester Resin has a better level of long-lasting and strength. Orthophthalic resin, dicyclopentadiene (DCPD) resin, and isophthalic resin are among the various forms of unsaturated polyester resins. Unsaturated Polyester Resins are applied in a variety of industries owing to their increased benefits and better features. Unsaturated polyester resin (UPR) is a kind of thermoset molding resin that's utilized to create glass fiber-reinforced plastics (FRP).
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Players Covered in Unsaturated Polyester Resins market are :
BASF SE (Germany), Scott Bader Company Ltd. (UK), Royal DSM NV (The Netherlands), Polynt-Reichhold Group (US), UPC Technology Corp. (Taiwan), INEOS Group (UK), Reichhold LLC (US), AOC LLC (US), Ashland Inc. (the US), Nuplex Industries Ltd. (Australia), U-PiCA Company Ltd (Japan) and others major key players.
The global Unsaturated Polyester Resins Market is the market in-depth and offers a comprehensive analysis of the major growth determinants, Unsaturated Polyester Resins Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Unsaturated Polyester Resins Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope Weather Monitoring Solutions and Services Market, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Unsaturated Polyester Resins Market Report:
The Unsaturated Polyester resin (UPR) market can be segmented based on various factors to better understand the diverse applications and product variations within the industry. Here are some common segmentation criteria for the UPR market:
By Type
· Orthophthalic Resins
· Isophthalic Resins
· Dicyclopentadiene (DCPD)
· Others
By End Users
· Building & Construction
· Marine
· Land Transportation
· Pipes & Tanks
· Artificial Stone
· Others
Intelligent Agencies Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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COVID-19 Impact on the Unsaturated Polyester Resins (UPR) Market
The suspension of non-essential trade to curb the spread of COVID-19 restrains growth for market players. China, being at the center stage of the global pandemic, is under the microscope of every economy. It is also the biggest consumer of unsaturated polyester resin. Therefore, order achievement and future deals are put on hold for the time being. Producers also face production obstacles such as poor workforce, raw materials, and logistics support. Major players are investing in employee expertise in conceiving recovery strategies. Focusing on less impacted or fast-recovering areas is a popular strategy. Business strategies are closely tied to the new advancement of COVID-19 spread and its vaccine. The interruptions of normal trade put massive pressure on the cash flow of companies as the unsaturated polyester resin market is mainly based on production and transportation activities.
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