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| Global Unsaturated Polyester Resins Market Size |
With its wide range of applications including building and construction,
transportation, pipes and tanks, electrical insulations, artificial stones and
others, unsaturated polyester resins have become indispensable. Unsaturated
polyester resins are thermosetting polymers formed by the reaction of organic
unsaturated acids and polyhydric alcohols. They offer benefits such as high
strength, chemical resistance and dimensional stability. The growing
infrastructure and construction industry has augmented the demand for
unsaturated polyester resins in applications such as roofing sheets, swimming
pools etc.
The Global Unsaturated Polyester Resins Market is estimated to be valued at US$ 16136.85 Billion in 2024 and is
expected to exhibit a CAGR of 21.%
over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Unsaturated Polyester Resins market are BioGaia
AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods,
Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha
Co., Ltd., and E. I. du Pont de Nemours and Company.
Key players like BioGaia AB, Chr. Hansen dominate the market and are focusing
on capacity expansion to cater to the growing demand.
The growing infrastructure and construction industries across the globe
especially in Asia Pacific region is opening new opportunities for market
players. Countries like China, India are witnessing huge investment in
commercial, residential construction and infrastructure development.
Major players are focusing on global expansion through partnerships and mergers
and acquisitions to strengthen their footing in high growth regions. For
instance, DuPont de Nemours completed the merger of Dow and Dupont in 2017 to
increase its product portfolio and geographical presence worldwide.
Market drivers - Growing construction activities along with increasing use of
composites in end use industries such as transportation and pipes & tanks
are fueling the growth of the unsaturated polyester resins market.
Market restraints - Volatility in raw material prices and availability is a
major challenge. Strict environmental regulations regarding VOCs emitted during
production may hamper market growth to some extent.
Segment Analysis
The Global
Unsaturated Polyester Resins Market Size is divided into three main
segments based on type - orthophthalic resin, isophthalic resin, and
dicyclopentadiene (DCPD) resin. The orthophthalic resin segment currently
dominates the market due to its widespread use in industries like construction
and transportation. Orthophthalic resin provides high strength, rigidity,
corrosion resistance and durability at economical costs. It is most commonly
used in fabricating water storage tanks, bathtubs, shower stalls, and other
sewage system components that require both strength and chemical resistance.
The isophthalic resin segment is expected to witness significant growth during
the forecast period due to its emerging applications in the construction of
pipes, ducts, and filament winding.
Global Analysis
Regionally, the Asia Pacific region holds the highest share in the unsaturated
polyester resins market and is expected to continue its dominance owing to the
rapidly expanding construction and infrastructural development activities,
especially in China and India. The abundant availability of raw materials and
cheap labor gives the Asia Pacific manufactures a competitive advantage over
other producers. The North America and Europe markets are projected to grow
substantially due to the revival of industrial activities and growth of end-use
industries in these regions. Stringent environmental regulations governing the
emissions of volatile organic compounds (VOCs) are prompting companies to
invest more in eco-friendly resins with low VOC emissions.
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