Unsaturated Polyester Resins Market by Type (Orthophthalic, Isophthalic, and DCPD), End-Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Cast Stone, Wind Power, Electrical & Electronics), and Region

The Unsaturated Polyester Resin (UPR) Market is expected to grow from USD 9.6 Billion in 2021 to USD 12.9 Billion by 2026, growing at a CAGR of 6.1% between 2021 and 2026. UPR is the strong growth of construction and wind energy. industries, the growth of end-use industries such as FRP manufacturing, automotive, and composites, and the affordability of UPR compared to other resins.

APAC is expected to dominate the unsaturated polyester resin (UPR) market and this dominance is expected to continue till 2026. The market in the region is witnessing high growth in building & construction, transportation, aerospace and electrical and electronics. The main markets in the region are China, India, South Korea and Japan. India, China, and Indonesia are investing heavily in various end-use industries, which is likely to influence the growth of the market.

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Companies mainly follow mergers and acquisitions and the development of new products as strategies for growth and market expansion. The main players following the strategies between 2016 and 2021 are Polynt-Reichhold Group (US), INEOS Composites (UK), LERG SA (Poland), SHOWA DENKO KK (Japan) and AOC (US). Following these strategies helps companies strengthen their market position and increase their presence in emerging countries.

The Polynt-Reichhold Group is one of the largest producers of specific polymer intermediates, dibasic acid, UPR, compounds, composites and specialty esters. Products are segmented into five categories: Specialty Plasticizers, Resins and Compounds, Maleic Anhydride and Catalysts, Phthalic Anhydride and General Purpose Plasticizers, and Specialty Esters. The company’s products serve end-use industry such as electrical and electronic materials, construction, transportation, food and fragrance, consumer goods, and household applications with 41 factories around the world. In May 2017, Polynt and Reichhold completed their merger to create a global specialty chemicals group. This made the group a major player in the UPR industry.

AOC is the world’s leading supplier of specialty resins and solutions, providing products and components for applications in coatings and protective barriers, colorants and visual effects, adhesives and specialties, and composite resins . The Company operates globally through its subsidiaries, such as AOC India Pvt. ltd. (India), AOC Ltd. (UK), AOC Canada Inc. (Canada) and AOC Mexicana SA De CV (Mexico). The company has followed a merger and acquisition strategy to become one of the main leaders in the UPR market. In August 2018, AOC and Aliancys announced the formal establishment of a new combined company named AOC Aliancys, which will be a global supplier of polyester and vinyl ester resins, gelcoats and other materials used in the automotive industry. composites. Additionally, in July 2020, AOC acquired Ashland’s maleic anhydride business for $100 million, which will help them expand their product line in unsaturated polyester resins.

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