Unsaturated Polyester Resin Market to be Worth $20.9 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, Jan. 11, 2023 /PRNewswire/ -- The global unsaturated polyester resin market size is expected to reach USD 20.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.1% 2023 to 2030. Developments in the building and construction industry and applications of tanks and pipes are likely to drive demand for isophthalic acid in these end-use industries. Moreover, the increase in the use of environmentally friendly and energy-saving products is also expected to positively affect the market.
Key Industry Insights & Findings from the report:
- The market was valued at USD 12.21 billion in 2022 and is expected to expand at a CAGR of 7.1% from 2023 to 2030.
- Orthopthalic occupied the largest revenue share on account of its higher price and increasing usage in construction, electronics, and automotive sectors.
- DCPD emerged as the fastest growing product segment in Europe and North America as it exhibits properties such as high deflection temperature, high resistance to chemical corrosion, and high impact resistance.
- Rising demand for environment-friendly and energy saving products & solutions is expected to drive this market.
- The marine end-use segment accounted for over 6% of the global market revenue share in 2022 and is projected to expand at the highest CAGR over forecast period.
- Stringent environmental rules and regulations and focus on indoor air quality is anticipated to drive the isophthalic unsaturated polyester resin.
- Increasing investment from government and private institutions in the building and construction sector is projected to contribute to the demand for these resins.
Read full market research report for more Insights, "Unsaturated Polyester Resin Market Size, Share & Trends Analysis Report By Product (DCPD, Orthophthalic, Isophthalic), By End-use, By Form (Liquid Form, Powder Form), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Unsaturated Polyester Resin Market Growth & Trends
Favorable government regulations and infrastructure development initiatives such as increased foreign investment, subsidy provisions, and trade promotion are expected to increase demand for unsaturated polyester resin products over the forecast period. For instance, some of the development initiatives include the O'Hare and LaGuardia airport project in the United States, the Beijing airport expansion in China, the Government of India's Make in India initiative, etc.
It is expected that increased demand for unsaturated polyester resin products capable of operating at high temperatures and aggressive environments will encourage their use in the construction industry. The unsaturated polyester resin composite has allowed consumers to select products for a specific end-use from a wide range of options. The expansion of product distribution channels has also made products available to users, which has been the driving force behind the growth of the unsaturated polyester resin market..
Unsaturated Polyester Resin Market Segmentation
Grand View Research has segmented the global unsaturated polyester resin market on the basis of basis of application, end-use, form, and region
Unsaturated Polyester Resin Market - Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- DCPD
- Orthopthalic
- Isopthalic
- Others
Unsaturated Polyester Resin Market - End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Building & Construction
- Tanks & Pipes
- Electrical
- Marine
- Transport
- Artificial Stones
- Others
Unsaturated Polyester Resin Market - Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Liquid Form
- Powder Form
Unsaturated Polyester Resin Market - Region Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
List of Key Players of Unsaturated Polyester Resin Market
- AOC, LLC
- INEOS
- BASF SE
- Polynt
- LERG SA
- Koninklijke DSM N.V.
- U-PICA Company. Ltd.
- Eternal Materials Co., Ltd.
- Satyen Polymers Pvt. Ltd.
- CIECH Group
- Dow Inc.
- UPC Group
- Scott Bader Company Ltd.
- Deltech Corporation
- Tianhe Resin Co., Ltd.
- Qualipoly Chemical Corp.
Check out more market research studies published by Grand View Research:
- Thermoplastic Polyester Elastomer Market - The global thermoplastic polyester elastomer market size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.2% from 2022 to 2030. The thermoplastic polyester elastomer market is expected to witness significant growth over the forecast period owing to the increasing adoption of TPEE for lightweight automobiles, wearable electronics, and others.
- Breathable Films Market - The global breathable films market size is expected to reach USD 27.58 billion by 2030, registering a CAGR of 5.3% during the forecast period, according to a report by Grand View Research, Inc. Growth in installations of packaging manufacturing industries is anticipated to boost the breathable films market. Rising demand for apparel and hygiene products is expected to increase demand for breathable films, resulting in the growth of the market during the forecast period.
- Polyol Market - The global polyol market size is expected to reach USD 45.17 billion by 2025 at an 8.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. There has been a shift in trend from conventional heavy materials such as metals to lightweight, high performance plastics. This has, in turn, driven the use of polyurethane to lower automotive component weight and boost fuel savings. This is likely to have a positive impact on demand for polyols across the globe.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc
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