According to the market analysis report titled, ‘Global Unsaturated Polyester Resins Market by Type (Ortho-resins, Iso-resins, Dicyclopentadiene, and Other Types), End-user Industry (Building and Construction, Chemical, Electrical and Electronics, Paints and Coatings, Transportation, and Other End-user Industries), Regional Forecasts 2021-2027’ available with MarketStudyReport, global unsaturated resins market, which reached USD 4.69 bn in 2020, is estimated to register a healthy growth rate of over 4.69% through 2027 and subsequently amass a valuation of USD 13.3 Bn by the forecast period-end.
 

As per the report findings, escalating demand from various end-user industries such as automotive, composite manufacturing, construction, and wind energy are aiding global unsaturated polyester resins market growth.
 

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Notably, an unsaturated polyester resin produced by combining polyacids and polyalcohol through a polycondensation process has a greater level of durability and strength. It is versatile in nature and can adopt any shape or form once cured.
 

UPR is available in various forms, including isophthalic resin, orthophthalic resin, and dicyclopentadiene (DCPD) resin. Owing to their improved advantages and superior characteristics, UPRs find wide application in various sectors.
 

Speaking of challenges, concerns over properties of unsaturated polyester resins changing with quality and rising customer preference towards other resins may affect industry growth in the upcoming years.
 

Geographically, Asia Pacific region currently holds a coveted position in global unsaturated polyester resins market business sphere and will likely witness strong gains in the upcoming years. Government initiatives such as Make in India, favorable regulatory landscape that encourages entrepreneurship in infrastructural and industrial sectors, as well as the availability of labor at low costs are stimulating the regional market growth.
 

Meanwhile, the European market is also anticipated to generate strong revenue owing to booming construction sector in the region. Credible sources cite that around build 6 lakh houses in Sweden and 3 lakh houses in Germany are to be built by 2025 which will improve growth prospects for the market during the assessment timeline. Also, credible statistics show that 1.5 million houses are to be constructed within UK by 2022.
 

Major players influencing the competitive trends in global unsaturated polyester industry are Reichhold, DIC Corporation, BASF SE, AOC International, Interplastic Corporation, Scott Bader Co. Ltd, Showa Denko KK, Crystic Resins India Private Limited, Xinyang Technology Group Co. Ltd., and Zhangzhou Chemical Co., Ltd.