Lucintel's latest market report analyzed that unsaturated polyester resin provides attractive opportunities in transportation, wind energy, construction, marine, pipe and tank, aerospace, electricals and electronics, consumer goods, others, non-FRP, gelcoat. The unsaturated polyester resin market is expected to reach $12.6 billion by 2026 with a CAGR of 4.3%. In this market, construction is the largest segment by end use industry. The low styrene content unsaturated polyester resin and increasing use of ecofriendly unsaturated polyester resin provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/unsaturated-polyester-resin-market.aspx Based on end use industry, the unsaturated polyester resin market is segmented into transportation, wind energy, construction, marine, pipe and tank, aerospace, electricals and electronics, consumer goods, others, non-FRP, gelcoat. The construction segment accounted for the largest share of the market in 2020 due to increasing residential and commercial construction and aerospace is expected to register the highest CAGR during the forecast period due to the growing usages of lightweight and high performance materials.
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The unsaturated polyester resin market is marked by the presence of several big and small players. Some of the prominent players offering unsaturated polyester resin include Polynt-Reichhold, AOC, INEOS, Xinyang Technology Group, and Tianhe Resin Company Ltd.
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