Demand for Unsaturated Polyester Resins to Increase on Account of Thriving Automotive and Construction Industries

The global construction industry, electronics and electrical industry, military, marine, automotive, and transportation sectors are flourishing and this in turn is boding well for the global unsaturated polyester resins market. The demand for unsaturated polymers is increasing on account of the cost-effective applications in the area of domestic and sanitary appliances, sport and leisure, furniture and military applications. These resins are also used extensively in the production of high performance composite materials such as glass fiber–reinforced plastics (FRP). According to a new report by Transparency Market Research (TMR), the global unsaturated polyester resins market will rise from US$5,744.3 mn in 2016 to be worth US$7,339.9 by 2022, expanding at a 5% CAGR between 2017 and 2022. 

The following blog post answers three important questions regarding the global unsaturated polyester resins market:

Q. Which regional segment will lead in the global unsaturated polyester resins market?

At present Asia Pacific excluding Japan (APEJ) accounts for the highest share in the market and the region is anticipated to continue to lead in the market in terms of revenue. The market for unsaturated polyester resins is projected to expand at a 5.3% CAGR from 2017 to 2022 in APEJ on account of the growing number of applications in several emerging nations. It is estimated that the APEJ unsaturated polyester resins market will be worth US$3,085.8 mn by the end of 2022. The growing advancements in construction and automotive manufacturing sectors in the various nations of this region will propel the market’s expansion. Apart from APEJ, Europe and North America are also key markets for unsaturated polyester resins. The need to meet stringent regulatory policies in the developed nations of these regions will drive the growth of the market. The North American market for unsaturated polyester resins is estimated to witness a CAGR of 4.8% from 2017 to 2022.


Q. What are the factors influencing the growth of this market?

The latest developments in the processing technologies and modification methods have fueled the growth of the production of polyester resins with enhanced properties. This has led to the expansion of the application areas of unsaturated polyester resins, fueling the growth of this market. The growing demand for cost-effective matrix volume for producing composite materials which can be used for a wide range of industries will also boost the market’s growth. The growing construction and automotive industries remains a key factor for the growth of the global unsaturated polyester resins market. The use of FRP in marine sector will also drive the market.

Q. What are the factors posing a challenge for the growth of the global unsaturated polyester resins?

There are several environmental concerns associated with the processing of unsaturated polyester resins. The emission of styrene that arises on account of the processing of unsaturated polyester resins is generating several environmental concerns. In addition to this, there is a growing acceptance of saturated polymers. This is acting as a threat of substitute and is anticipated to hinder the growth of the market to an extent. However, the development of appropriate additives has led to the production of low styrene emission polyester resin.

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