According to Technavio’s latest market research study, the global unsaturated polyester resins (UPR) market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global UPR market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the type
Source: Technavio
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The top three revenue contributing type segments are discussed below
Global orthophthalic resin market: The relatively high market share of orthophthalic resins is attributable to their characteristics such as cost-efficiency, toughness, and chemical resistance. They find application in the manufacture of hulls and decks of boats, road transport components, wind blades, fiber-reinforced plastic (FRP) structures, laminating resins, and in various other applications such as adhesives, buttons, castings, composites, encapsulation, flooring materials, molding, and others.
“As the demand for renewable and sustainable green resins is increasing, companies manufacturing UPR are constantly making innovations in their products to differentiate UPR from substitutes available in the market,” says Ajay Adikari, a lead analyst at Technavio for research on paints, polymers, and pigments.
Global DCPD resin market: The lower shrinkage property of DCPD resins offers superior smoothness with very minimal or no visual print-through from reinforcing fibers. The mandate to comply with regulations pertaining to the emission of volatile organic compounds (VOC) and toxic gases at workplace and manufacturing sites imposed by government bodies in North America and Europe is expected to propel the demand for DCPD resins during the forecast period.
Global isophthalic resin market: Isophthalic resins have better corrosion resistance, high service temperature, and improved mechanical properties compared with orthophthalic resins. These resins are most commonly used in the manufacture of consumer goods such as marbles, buttons, cultured marbles, and quartz. They are also used in laminating resins, corrugated sheets, car putty, and FRP fabricating applications.
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The top vendors operating in the global UPR market are:
- Ashland
- DSM
- BASF
- Reichhold
- Polynt
Other prominent vendors in the market include Scott Bader, Satyen Polymers, U-PICA, UPC Group, Tianhe Resin, Swancor, and Eternal Materials.
A more detailed analysis is available in the Technavio report titled, ‘Global UPR Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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