Global Unsaturated Polyester Resins Market: Snapshot
The report on the global unsaturated polyester resins market offers comprehensive assessment of key drivers and trends influencing the growth of the market. The research takes into account of various regional and global factors to assess the demand in key regions, evaluate notable opportunities, and identify imminent investment pockets. The analysis helps market participants get an in-depth overview of key segments, their growth prospects, and profile of key market players. Perusing through the report, they can get reliable inputs on major advances in processing technologies and methods. The use of numerous industry-wide tools to assess the emerging strategic landscape help stakeholders get a holistic overview of the market. The findings can prove useful for evidence-based strategy formulation by market players.
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The global unsaturated polyester resins market stood at US$5,744.3 mn in 2017 and is projected to reach a valuation of US$7,339.9 mn by 2022 end. The market is projected to register a CAGR of 5.0% from 2017 to 2022.
Global Unsaturated Polyester Resins Market: Dynamics
The report provides into detailed insights key drivers and restraints, current and emerging trends, scope of various segments, lucrative avenues, and competitive landscape. The large number of applications of unsaturated polyester resins in making a variety of useful composite polymers, notably fiber–reinforced plastics, is a key factor accentuating their demand in various regions. There is a wide demand for polyester resins for making tanks, pipes, automotive parts, fire-resistant electrical equipment, and printed circuit boards, synthetic marbles, solid-surface countertops, and gelcoats. This is attributed to the excellent structural properties of these resins which lends remarkable thermal stability and a host of favorable mechanical properties.
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In several emerging economies, the burgeoning demand for polyester resins in various end-use industries is accentuating the market. The low-cost and easy processing of unsaturated polyester resins, coupled with a growing number of specialty applications in a wide spectrum of end use industries, are key factors likely to catalyze the growth of the market in the foreseeable future.