The global unsaturated polyester resin market is set to gain momentum from the increasing demand from numerous end-use industries, such as marine, electrical & electronics, aerospace, and automotive. This information is given by Fortune Business Insights™ in a new report, titled, “Unsaturated Polyester Resin Market Size, Share & COVID-19 Impact Analysis, By Type (Orthophthalic, Isophthalic, and DCPD), By Application (Building & Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027” The report further states that the market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the forecast period.
Unsaturated polyester resin (UPR) is a versatile thermosetting polymer commonly used in the production of fiber-reinforced plastics (FRP) and non-reinforced plastics. Here are some key points about UPR:
Composition and Properties
- Base Components: UPR is created by the polymerization of unsaturated polyesters, typically derived from diacids (like maleic anhydride) and diols (like propylene glycol).
- Cross-Linking: The resin is mixed with a monomer, usually styrene, which acts as a cross-linking agent. Upon curing, the resin forms a three-dimensional network, providing strength and durability.
- Curing Process: Curing is initiated by adding a catalyst (often a peroxide), which causes the resin to harden.
Applications
- Construction: Used in making roofing sheets, wall panels, and pipes.
- Automotive: Employed in manufacturing automotive parts such as body panels and hoods.
- Marine: Used in the production of boat hulls and other marine structures due to its water-resistant properties.
- Consumer Goods: Found in products like shower stalls, bathtubs, and furniture.
Advantages
- High Strength-to-Weight Ratio: Provides strong and lightweight finished products.
- Corrosion Resistance: Resists chemical corrosion, making it suitable for harsh environments.
- Versatility: Can be molded into various shapes and sizes.
- Cost-Effective: Generally cheaper than alternative materials like metals and thermoplastics.
Disadvantages
- Brittleness: Can be brittle compared to other materials like metals.
- Limited Heat Resistance: May deform under high temperatures.
- Environmental Concerns: The production and disposal of UPR can have environmental impacts due to the release of volatile organic compounds (VOCs).
Processing Methods
- Hand Lay-Up: Layers of fiber reinforcement are manually placed in a mold and saturated with the resin.
- Spray-Up: A spray gun simultaneously sprays the resin and chopped fibers onto a mold.
- Filament Winding: Continuous strands of fiber are wound onto a rotating mandrel and impregnated with resin.
- Pultrusion: Fibers are pulled through a resin bath and then through a heated die to form continuous profiles.
UPR continues to be a popular material in various industries due to its balance of performance, cost, and ease of use.
How Did We Create This Report For You?
We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.
Drivers & Restraints-
Excellent Surface Finish and Water Repellency to Augment Growth
The building and construction industry is the major user of unsaturated polyester resins as the material is necessary for producing bathroom fixtures, floor tiles, roof tiles, and window panels. It also has certain beneficial properties, such as good electrical insulation, rigidity, resistance to wear, water repellency, and excellent surface finish. These factors are anticipated to propel the unsaturated polyester resin market growth in the upcoming years. However, the availability of numerous substitutes in the market would obstruct growth.
Segment-
Marine Segment to Grow Steadily Fueled by Usage in Surfer Boards & Boat Decks
Based on the application, the marine segment generated 8.84% in terms of the unsaturated polyester resin market share in 2019. It is set to show substantial growth backed by the increasing usage of UPR in surfer boards, fiberglass panels, interior & exterior parts, and boat decks.
Regional Insights-
Asia Pacific to Lead Fueled by Demand from Construction and Marine Industries
Geographically, Asia Pacific procured USD 6,606.2 million in 2019 in terms of revenue. It is likely to retain its dominant position throughout the forthcoming years because of the rising demand for unsaturated polyester resins in numerous industries, such as aerospace, marine, building & construction, and automotive. Emerging nations, namely, Japan, India, and China, are expected to contribute to this growth because of constant economic development.
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https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
