Unsaturated Polyester Resin (Upr) Market Size $12.8bn by 2022: Global Market Insights, Inc.

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Unsaturated Polyester Resin (UPR) Market size may generate USD 12.8 billion revenue by 2022; according to a new research report by Global Market Insights, Inc.

Positive indicators for increasing composites usage across transportation and infrastructure industry owing to light weight & durability in comparison to metallic counterparts should favor UPR market size. Unsaturated polyester resin, orthophthalic, is used in the manufacture of general purpose composites which require moderate structural properties.

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UPR composites also posses excellent aesthetic value and can be easily pigmented to suit the need of a particular industry, without compromising on the structural properties of the finished product. Moreover, several manufacturers are developing alternative methods to manufacture products from biomass which may stimulate bio UPR market size.

APAC is a large scale manufacturing hub for chemicals, automotive and electronics. In terms of revenue, APAC dominant by India and China UPR market size, may surpass USD 6 billion revenue by 2022. On-going construction activities along with automobile production growth in China, Thailand India should drive composites demand for structural modification over the next few years.

Orthopthalic unsaturated polyester resin market size may attain over 7.2% growth in revenue terms. These resins are extensively used in the fiber reinforced plastics (FRP) industry. FRPs are being increasingly used in a wide range of applications such as pools, tanks, plates, vessels, car bodies and other general pieces.

Building & construction industry should witness over 6% CAGR. Strong indicators for construction spending particularly in BRICS nations should drive UPR market size. Growing fiberglass market in China coupled with rising FRP demand in construction applications should drive product demand.