The worldwide unsaturated polyester resin market will grow 1.5 times. The growth of this market can be attributed to the superior quality of products and components made with various types of unsaturated polyester resins. The diversity of applications in high-growth industries including architecture and construction, marine, and automotive will continue to profit.
However, as governments around the world restrict non-essential imports and exports in order to combat the coronavirus, the market for unsaturated polyester resins will experience a little downturn. Production and distribution routes are posing problems for market players. Unsaturated polyester resins have the greatest market in China. The impact of COVID-19 on the Chinese economy has a significant impact on the market’s economic trajectory.
Global Unsaturated Polyester Resin Market: In-Depth Assessment on Key Segments
The global unsaturated polyester resin market is segmented on the basis of product, end-use, and region.
- Building & Construction
- Tanks & Pipes
- Artificial Stones
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The Unsaturated Polyester Resin Market Study’s Key Takeaways
The most common product type is Dicyclopentadiene Unsaturated Polyester, or DCPD – UPR.
Isophthalic materials have the highest growth rate because to their increased flexibility and tensile strength.
The end-use market of building and construction is the most lucrative for unsaturated polyester resin producers. Between 2019 and 2029, the segment will rise 1.4X, accounting for more than 26% of overall market revenues.
More than 40% of the overall market value is accounted for by East Asia. Multiplying infrastructure investment by countries like China and Japan will continue to boost regional economy.
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