Unsaturated Polyester Resin (UPR) Market Size By Product (Isopthalic, Orthopthalic, DCPD), By End-use (Building & Construction, Artificial Stones, Pipes & Tanks, Transport, Electrical, Marine), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022

Published Date: Jan 2016  |  Report ID: GMI133  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 108   |   Base Year: 2014




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Unsaturated Polyester Resin Market size was over USD 7 billion in 2014 and industry expects consumption at over 7.5 million tons by 2022. Increasing demand in construction, automotive, marine, and electrical industries owing to its durability, low cost, and lightweight properties shall foster the UPR market growth.
 

Growing construction industry in the U.S. and Canada is projected to support market growth. Global construction spending in the U.S. was valued at over 1.2 trillion in 2018 where approximately USD 580 billion was spent on residential infrastructure.
 

Unsaturated Polyester Resin Market Outlook

Get more details on this report - Request Free Sample PDF
 

Increasing demand for UPR as alternative to metals such as aluminum and steel owing to its cost-effectiveness and ease of design and fabrication is projected to augment market growth over the forecast period. The UPR is widely used in various industry verticals to improve its the thermal, flexural, and mechanical properties of composites.
 

According to the American Composites Manufacturers Association, the composites end-product market is expected to exceed USD 113.2 billion by 2022. Increasing demand for composite materials in the automotive and construction industries is projected to have a positive impact on unsaturated polyester resin market growth over the long run.
 

Increasing demand for fiber-reinforced plastic (FRP) in transportation, construction, and marine industries may support product growth. Growing demand for nonreinforced cross-linked UPR for manufacturing automotive repair putty, gel coats, and bowling balls is estimated to propel the unsaturated polyester resin market revenue.
 

However, the volatility of raw material prices affects the cost of end-product, which is projected to hamper revenue growth of the market. Moreover, low recycling property of these resins is expected to limit usage in automotive application.
 

Unsaturated Polyester Resin (UPR) Market Report Coverage
Report Coverage Details
Base Year:2014
Market Size in 2014:7 Billion (USD)
Forecast Period:2015 to 2022
Forecast Period 2015 to 2022 CAGR:7.5%
2022 Value Projection:12 Billion (USD)
Historical Data for:2012 to 2014
No. of Pages:108
Tables, Charts & Figures:80
Segments covered:Product, End-use and Region
Growth Drivers:
  • Rise in composites demand
  • Increasing application scope in construction application
  • Strong automobile sales outlook
Pitfalls & Challenges:
  • Strict regulations
  • Fluctuating raw material price trend

Get more details on this report - Request Free Sample PDF
 

Market, By Product

Global orthophthalic product segment demand is expected to exceed USD 4 billion up to 2022 on account of increasing demand in building and construction applications. These resins are majorly used in automotive components, hulls and decks of boats, wind blades, laminating resins, and FRP structure. Growing demand for orthophthalic resin in molding material, marine, energy, electronics, building & construction, and automotive sectors may support the growth of the segment over the next few years.
 

Advantages of orthophthalic resins over other counterparts due to chemical resistance, cost, and toughness characteristics is projected to have a positive impact on unsaturated polyester resin market growth.
 

Isophthalic segment is projected to register a growth rate of over 6% during the foreseeable timeframe. It is used in fiberglass reinforced plastics production owing to its chemical resistance, flexibility, and tensile strength properties is a key factor driving the industry growth. Increasing demand for isophthalic resins in marine application owing to its water resistance property may encourage the unsaturated polyester resin market demand.
 

Market, By Application

Unsaturated Polyester Resin Market by Application

Get more details on this report - Request Free Sample PDF
 

Building & construction application demand is projected to surpass USD 3 billion over the foreseeable timeframe on account of the growing construction industry in China, India, The U.S., Germany, and UK. The unsaturated polyester resins are majorly used in roofing and other composite structure. Rapid urbanization coupled with increasing number of government schemes to provide an affordable home to individuals is estimated to augment the unsaturated polyester resin market revenue.
 

Tanks and pipes application may register growth at around 6% during the predicted timeframe. Growing demand for tanks and pipes manufactured from UPR in the chemical industry owing to hydrolytic stability and heat resistance properties is a major factor contributing towards revenue growth.
 

Market, By Region

North America, driven by the U.S. should surpass USD 2.5 billion by 2022 due to the growing construction, marine, and electrical industries. Increasing number of marine investments in the U.S. and Canada is may propel the regional unsaturated polyester resin market.
 

Europe demand may grow significantly at around 6.5% during the forecast time period. Stringent government norms regrading automotive components recycling may hinder profitability in the region. European Commission has approved companies to merge in order to produce UPR which are preferably used to make reinforced plastics.
 

Asia Pacific, driven by India, China and Japan may exceed USD 6 billion up to 2022. Rapid industrialization coupled with growing infrastructural development spending may accelerate regional growth demand. Growing demand for renewable energy resources such as wind energy in the region should support market growth. Presence of a large number of automobile manufacturers in China, India, and Indonesia owing to availability of raw materials and labor, and favorable FDI policies may support the unsaturated polyester resin market share.
 

Competitive Market Share

Global unsaturated polyester resin industry is fragmented including DSM, Ashland, Changzhou New Solar Tianhe, Down BASF, SABIC, Dow, and CCP Composites. Major industrial participants are collaborating and acquiring companies to enhance product and expand business globally.
 

Industry Background

Unsaturated polyester resins is a polymer used to produce composite materials such as glass-reinforced plastics and casting resins. These resins are produced by condensation of diols and unsaturated acids without or with diacids. The unsaturated polyester resins are used for manufacturing tanks, pipes, sanitary ware, and high-performance components which are used in automotive, marine, and construction industries.
 

Unsaturated polyester resin market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2012 to 2022, for the following segments:
 

By Product

  • Orthopthalic
  • Isopthalic
  • DCPD
  • Others

By End-user

  • Building and construction
  • Tanks and pipes
  • Electrical
  • Marine
  • Transport
  • Artificial stones
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC
       

Frequently Asked Questions (FAQ) :

The global unsaturated polyester resins market revenue surpassed USD 7 billion in 2014 and over 7.5 million tons of consumption is predicted by 2022 due to its lightweight, low cost, and durability.
Owing to the rising demand in building and construction applications, orthophthalic product segment is estimated to surpass USD 4 billion by 2022, further propelling the market growth.
Tanks and pipes applications are projected to register over 6% growth through 2022 due to the increasing demand for tanks and pipes manufactured from UPR in the chemical industry owing to hydrolytic stability and heat resistance properties.
The North American unsaturated polyester resins market share is estimated to exceed USD 2.5 billion by 2022.

Premium Report Details

  • Published Date: Jan 2016
  • Pages: 108
  • Tables: 68
  • Charts / Figures: 12
  • Companies covered: 16
  • Countries covered: 17

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X