The Booming Unsaturated Polyester Resins Market- Surging Demand, Key Developments and Versatile Applications
Unsaturated Polyester Resins (UPRs) are versatile thermosetting resins widely used in the composites industry. They are created through the polymerization of unsaturated monomers, resulting in a crosslinked and durable material. UPRs find applications in various sectors like construction, automotive, marine, and aerospace due to their excellent mechanical properties, corrosion resistance, and ease of processing. Additionally, they are known for their cost-effectiveness and ability to be tailored for specific requirements, making them a popular choice in the manufacturing of fiberglass-reinforced composites and other composite materials.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=891
The unsaturated polyester Resin (UPR) market size is estimated to be USD 9.6 billion in 2021 and is projected to reach USD 12.9 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The demand and use of UPRs are rapidly increasing due to the growth in construction, and wind energy industries. The economical price of UPR is also helping the resin to hold its position in the industry.
Technological advancements are making the UPR market to grow and become the preferred choice among other resins. UPRs with low dielectric constant and high thermostability was prepared. The wide applications and low cost of UPR will provide a better service and lessen the problem faced before. This contribution will provide a new way for obtaining both thermostability and good electrical properties.
APAC is the largest and fastest-growing UPRs market. The low labor costs in the region are expected to drive the market. APAC is projected to register the highest CAGR during the forecast period. The market is expected to witness significant growth in automotive, construction, aerospace, electrical & electronics, and industrial assembly sectors in countries such as China, India, and South Korea. China is the largest country-level market in this region There has been a shift of the manufacturing base to the APAC region because of low-cost production and the ability to better serve local emerging markets.
Request a Report Sample to Gain Valuable Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=891
North America is the second-largest region in the market. The region focuses on regular advancement of R&D and continuously work on innovation which is helping the region to capture the second-largest share. US is the fastest-growing market in North America. President Joe Biden’s coronavirus relief package is expected to spearhead the US construction industry in the coming years, which is expected to help the UPRs market to grow. In July 2020, the United States-Mexico-Canada Agreement (USMCA) came into force. The Agreement will create reciprocal trade supporting high-paying jobs for Americans, more balanced, and will grow the North American economy.
Continuous developments in the UPRs market, including new product launches, and merger & acquisitions, are expected to help the market grow. The companies are providing products which is serves various end-use industries. New product launches have also helped companies enhance their product portfolio. Moreover, UPR market is expanding due to its economical price range compared to other resins. The companies have also started new manufacturing sites to capture and fulfill the need of the market.
For any Queries Linked with the Report, Ask an Analyst at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=891
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/unsaturated-polyester-resin-upr-market-891.html
