Unsaturated Polyester Resins (UPR) Market to Witness Astonishing Growth of USD 15.31 billion by 2028

Global Unsaturated Polyester Resins (UPR) Market was valued at USD 11.10 billion in 2021 and is expected to reach USD 15.31 billion by the year 2028, at a CAGR of 4.7%.

A certain combination of polyalcohols and poly acids can polycondensate to form a polymer called polyester resin. Unsaturated polyester resins (UPR) are a particular variety of polyester resins that, after being repaired, can assume the form of a mold. Strength and longevity are greater with unsaturated polyester resin. Unsaturated polyester resins come in a variety of types, including orthophthalic resin, dicyclopentadiene (DCPD) resin, and isophthalic resin. Due to their improved features and increased advantages, unsaturated polyester resins are used in a wide range of sectors. To make glass fiber-reinforced plastic (FRP), unsaturated polyester resin (UPR), a type of thermoset molding resin, is used.

Segmentation Analysis of Unsaturated Polyester Resins (UPR) Market:

By Type

Orthophthalic Resins
Isophthalic Resins
Dicyclopentadiene (DCPD)
Others

By End Users

Building Construction
Marine
Land Transportation
Pipes Tanks
Artificial Stone
Others

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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)

Players Covered in Unsaturated Polyester Resins market are :

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.

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COVID-19 Impact on the Unsaturated Polyester Resins (UPR) Market

The suspension of non-essential trade to curb the spread of COVID-19 restrain growth for market players. China, being at the center stage of the global pandemic, is under the microscope of every economy. It is also the biggest consumer of unsaturated polyester resin. Therefore, order achievement and future deals are put on hold for the time being. Producers also face production obstacles such as poor workforce, raw material, and logistics support. Major players are investing in employee expertise in conceiving recovery strategies. Focusing on less impacted or fast recovering areas is a popular strategy. Business strategies are closely tied with the new advancement about COVID-19 spread and its vaccine.

Report includes Competitor's Landscape:

Major trends and growth projections by region and country
Key winning strategies followed by the competitors
Who are the key competitors in this industry?
What shall be the potential of this industry over the forecast tenure?
What are the factors propelling the demand for the Action Figures And Statues?
What are the opportunities that shall aid in significant proliferation of the market growth?
What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
How has the covid-19 impacted the growth of the market?
Has the supply chain disruption caused changes in the entire value chain?

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