Scienza e Tecnologia
Unsaturated Polyester Resins Market to Reach US$ 11.4 Bn by 2031, Notes TMR Study
ALBANY, N.Y. , April 7, 2022 /PRNewswire/ -- Massive demand for products in several end-use industries is underpinning abundant avenues in the unsaturated polyester resins market. Numerous industries including transportation, marine, and construction have benefitted from the utilization of attractive dimensional stability and excellent mechanical properties of unsaturated polyester resins. The global unsaturated polyester resins market valuation is projected to reach US$ 11.4 Bn by 2031.
The low cost and ease of processing of unsaturated polyester resins has spurred their production, thus fueling revenue growth of the market, finds the TMR study. Extensive utilization of fiber–reinforced plastics has propelled the sales of products in the unsaturated polyester resins market.
Rising use of polyester resins in fiber-reinforced plastics and filled plastic products is catalyzing the growth prospects of the unsaturated polyester resins market. They are also widely employed in marine composites. Stakeholders are leaning on the synthesis of green composites based on unsaturated polyester resins, which has fueled recent R&D initiatives, thus unlocking new frontiers.
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The authors of the in-depth study on the unsaturated polyester resins market have found that Asia Pacific is expected to account for dominant share during the forecast period. The revenue growth is fueled by proliferating profitable opportunities. Expansion of the end-use industries of construction and automotive has spurred new revenue streams for firms in the Asia Pacific unsaturated polyester resins market. The production has risen especially in China , notes the TMR study.
Some of the prominent players in the unsaturated polyester resins market are Koninklijke DSM N.V., Polynt-Reichhold Group, UPC Technology Corp., Nuplex Industries Ltd., Scott Bader Company Ltd., Royal DSM, Ashland Inc., and Polynt-Reichhold Group.
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