The global unsaturated polyester resin (UPR) 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™
Drivers & Restraints-
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.
t share stoked by the rising disposable income and technological advancements in the region. In Europe, Germany would showcase the highest growth on account of the sales and production of automobiles.
Competitive Landscape-
Key Players Focus on Various Organic & Inorganic Strategies to Compete in Market
The global market for unsaturated polyester resins houses several renowned manufacturers. Most of them are adopting the strategies of collaboration, acquisitions, new product launches, and expansion of distribution channels. Below is one of the latest industry developments:
- December 2020: AOC acquired a Spolchemie plant for unsaturated polyester resins in the Czech Republic. It would aid the company to enhance its logistics and services.
A list of all the prominent UPR manufacturers operating in the global market:
- Reichold (U.S.)
- Royal DSM (Netherlands)
- Deltech (U.S.)
- Polynt (Italy)
- Dow (U.S.)
- BASF SE (Germany)
- INEOS (U.K.)
- U-PICA Company. Ltd. (Japan)
- UPC Technology Corporation (Taiwan)
- Scott Bader Company Ltd. (U.K.)
- Other Key Players
Browse Complete Report Summary: https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760
