Unsaturated Polyester Resin (UPR) Market Size

Unsaturated Polyester Resin Market Size

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./p>

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./p>

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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./p>

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./p>

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./p>

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.