Understanding COVID-19’s Impact on the Unsaturated Polyester Resins Market

The Impact of the Different Market Factors on the Unsaturated Polyester Resin Market
Introduction

Unsaturated polyester resin (UPR) is a highly versatile plastic material used in a wide range of applications. Its properties can be tailored to meet the specific requirements of each application, making it an ideal choice for many industries. In this article, we’ll take a look at the different market factors that impact the UPR market and how they affect prices and demand.

Market Drivers

The global unsaturated polyester resins market size will grow to USD 12.9 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 6.1% during the 2021-2026 period. The market is driven by various factors such as the increasing demand from the transportation and construction industries, rising environmental concerns, and technological advancements.

The transportation industry is the largest end-user of unsaturated polyester resins. These resins are widely used in the manufacturing of automotive parts, boat hulls, and other transportation-related products. The construction industry is another major user of unsaturated polyester resins. These resins are used in the production of pipes, tanks, doors, windows, and other construction materials.

Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=891

Environmental concerns are one of the major drivers of the unsaturated polyester resin market. These resins are made from renewable resources and have low emissions during manufacturing. Moreover, they are recyclable and can be reused several times. Technological advancements have led to the development of new types of unsaturated polyester resins with improved properties. This has further boosted the growth of the unsaturated polyester resin market.

Market Restraints

It is expected that the unsaturated polyester resin market will be restrained by certain factors in the coming years. Firstly, the availability of alternatives is expected to limit the growth of the unsaturated polyester resin market. Secondly, volatile raw material prices are expected to act as a restraint on market growth. Thirdly, stringent environmental regulations related to the production and use of unsaturated polyester resins are expected to hinder market growth.

Market Opportunities

The Unsaturated Polyester Resin (UPR) market is forecast to grow at a CAGR of around 6.1% during the period 2021-2026, according to a new report published by IMARC Group. Increasing infrastructure development and rapid industrialization in emerging economies are the key factors driving the market growth.

With the increasing demand for UPR, several market opportunities have arisen for manufacturers. Some of these include:

  1. Developing innovative products: Manufacturers can develop innovative products with better performance characteristics to gain a competitive edge in the market.
  2. Focusing on emerging economies: Emerging economies such as India and China offer vast untapped potential for market growth. Manufacturers can focus on these regions to expand their customer base and increase sales.
  3. Offering customizations: With the increasing use of UPR in various industries, manufacturers can offer customization options to their clients according to their specific requirements. This will help them tap into new application areas and boost revenue growth.

Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=891

Market Trends

The unsaturated polyester resin market is constantly evolving due to the influence of different market factors. Some of the most important market trends that have an impact on the unsaturated polyester resin market are:

1) The increasing demand for unsaturated polyester resins from the construction industry.

2) The growing popularity of composite materials made with unsaturated polyester resins.

3) The rise in environmental awareness and the need for sustainable materials.

4) The increasing costs of traditional petroleum-based raw materials.

5) The advancement of technology, which has led to the development of new and improved unsaturated polyester resins.

Conclusion

The study of market factors is essential to understand the behaviour of any market. The unsaturated polyester resin is no different. The report has offered an in-depth analysis of the impact of various market factors on its growth. It has also provided insights into the future prospects of the unsaturated polyester resin market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

 

Leave a Reply