Global Unsaturated Polyester Resins Market to Witness 5% CAGR until 2025

NEW YORK - Sept. 17, 2020 - PRLog -- According to the latest report by IMARC Group, titled, "Unsaturated Polyester Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global unsaturated polyester resins market grow at a CAGR of around 5% during 2020-2025.

Unsaturated polyester resin (UPR) refers to a composite material consisting of glass-fiber reinforced plastics and matrix integrated with resins. This material offers high tensile binding and impact strength along with enhanced ability to withstand heat and corrosion. Unsaturated polyester resins are prominently used in the manufacturing of composite materials, wood paints, laminated panels, coatings, coloring pastes, and sanitary wares.

Market Trends

The expanding construction sector, along with the growing number of infrastructural projects, is primarily augmenting the market for UPR. Furthermore, the increasing demand for light and high tensile materials for manufacturing automotive parts with enhanced fuel efficiency is also driving the market growth. Moreover, the growing utilization of unsaturated polyester resins as a raw material for producing pipes, ducts, tanks, and sports equipment is further augmenting the product demand. Additionally, the increasing adoption of UPR in electronic equipment, such as microwaves, substation devices, and printed wiring boards, will continue to propel the global market.

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The report has segmented the market on the basis of Type, End-Use, Form and Region.

Breakup by Type:

Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD) Resin
Others

Breakup by End-Use:

Building and Construction
Automotive
Marine
Pipes, Ducts and Tanks
Wind Energy
Electrical and Electronics
Others

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Breakup by Form:

Liquid Form
Powder Form

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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