Lucintel Forecasts Unsaturated Polyester Resin Market to Reach $14.8 Billion by 2027

According to the recent study the unsaturated polyester resin market is projected to reach an estimated $14.8 billion by 2027 from $11.2 billion in 2021, at a CAGR of 4.8% from 2021 to 2027. Growth in this market is primarily driven by growing infrastructural investments and rehabilitation of old infrastructural projects and increasing need for lightweight products with ease of handling, transportation, and installation.

Browse 116 figures / charts and 156 tables in this 233 -page report to understand trends, opportunities and forecast in 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 region (North America, Europe, Asia Pacific, and Rest of the World).

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“Construction market is expected to remain the largest segment during the forecast period.”

Based on end use, the unsaturated polyester resin market is segmented into transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, gelcoat, and others. Lucintel forecasts that the construction market is expected to remain the largest segment due to increasing residential and commercial construction and growth in remolding activities.

“Within the unsaturated polyester resin market, the hand layup segment is expected to remain the largest manufacturing process.”

Based on manufacturing process the hand layup segment is expected to witness the highest growth over the forecast period due to the most basic and versatile process among all the fabricating processes.

“Asia pacific will dominate the unsaturated polyester resin market in near future.”

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.

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Major players of unsaturated polyester resin market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Polynt Reichhold, AOC, Ashland (INEOS Enterprises), Xinyang Technology Group, Tianhe Resin Company Ltd are among the major unsaturated polyester resin providers.

This unique 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-market.aspx  or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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