A polyester resin 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). It has a variety of physical qualities, as well as strong tensile, binding, and impact strength, as well as heat and corrosion resistance. Complex materials, wood paints, color pastes, coatings, laminated panels, and sanitaryware are all made with it. Construction, industrial, automotive, marine, and commercial goods are utilizing unsaturated polyester resins.
The research presents a full analysis of the pandemic's influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 in order to offer a more accurate market prediction. The research study looks at numerous market segments based on type, application, and geographies. The research also includes a competitive analysis of the top Unsaturated Polyester Resins product providers, as well as their most recent advances. This study is divided into three sections: type, application, and region, with market size and forecasts for each area. For the predicted period, yearly compound growth rates for all segments have also been presented.
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Key Industry Players in the Unsaturated Polyester Resins Market:
- 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 increasing demand for unsaturated polyester resin (UPR) in printed circuit boards, due to their preferable properties such as durability and unparalleled rigidity, is expected to have a positive impact on the unsaturated polyester resin (UPR) market in the near future. In addition, the growing demand for composites in solder trays, speaker enclosures, and reinforced cell phones is expected to drive growth in the unsaturated polyester resin (UPR) market during the forecast period. However, the availability of alternative polymer resins such as nylon and epoxy for composite production is expected to limit the demand for unsaturated polyester resin in electrical applications.
Segmentation Analysis Includes,
By Type:
- Orthophthalic Resins
- Isophthalic Resins
- Dicyclopentadiene (DCPD)
- Others
By End Users:
- Building Construction
- Marine
- Land Transportation
- Pipes Tanks
- Artificial Stone
- Others
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Key Market Trends:
- UPR is extensively used in the building and construction sector for tiles of roofs, building panels, concrete forming pans, reinforcement, household structures composites, bathroom accessories, etc.
- Unsaturated polyester resins are used significantly to produce glass fiber-reinforced plastic (GRP), which has applications in the building and construction industry for flat and corrugated sheets, light domes and skylights, rain gutters, complete covers for sewage water treatment plants, washbasins, shower cabins, dormer windows, and door ornaments.
- The benefits of GRP, including the freedom of design, high dimensional accuracy of the product, and excellent compatibility with other construction materials, are also factors influencing the growth of the market studied.
- Unsaturated polyester resins are also used in the construction of sanitary ware and general waterproofing (pond and water feature linings) and repairs.
An unsaturated polyester resin (UPR) is a form of thermoset moulding resin that is used for the manufacturing of glass fiber-reinforced plastics (FRP). It exhibits various physical properties, such as high tensile, binding and impact strength, along with resistance against heat and corrosion. It is also used for the production of composite materials, wood paints, laminated panels, coatings, coloring pastes and sanitaryware.
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The COVID-19 pandemic has affected a wide range of industries worldwide, thereby halting trade and manufacturing activities. The lockdown has also caused a shortage of raw materials. Hence, the costs of finished products have surged rapidly. These factors are set to decline the demand for unsaturated polyester resins in the near future.
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