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　　Market Overview

• The Global Unsaturated Polyester Resin Market is expected to grow at a high CAGRduring the forecasting period (2020-2027).
• Unsaturated polyester resins (UPRs) are synthetic resins formed by the reaction of a dibasic organic acid and a polyhydric alcohol. UPRs are thermoset resins that are capable of being recovered from a liquid or solid state. This type of resin is mostly used in the marine industry for manufacturing yachts and workboats.

• One of the most significant drivers of the global UPR market is the growth in end-use industries. The ever-increasing need for high standards in all modern applications is driving the demand for UPRs. With the need for better quality standards in the end-use industries, players operating in this space are focusing on developing improved application and performance properties of UPR, such as faster curing time, better finishing, and high corrosion resistance.
• Companies are creating high-performance materials, technological solutions, innovative applications, and product developments — all of which will have a positive impact on the growth of the market during the forecast period. For instance, DSM’s Beyone 177, 170, and 285 resins are based on DCPD, ortho, and vinyl ester chemistries, respectively. These resins are widely used Polyester Woven Fabric Manufacturers for different applications, such as in the marine, building and construction, and automotive industries.
• One of the most vital challenges faced by the market is the need for styrene in the manufacture of UPRs. Styrene is a highly flammable and toxic material, which is harmful to human health.

Segmentation Analysis

• Based on the end user, the global Unsaturated Polyester Resin market is broadly segmented classified into building and construction, automotive, pipes and tanks, marine, electrical and electronics, wind energy, and others.
• Building and construction industry holds the majority of market share in 2018. The global UPR market for building and construction was valued at $XX million in 2018 and will reach $XX million by 2026, growing at a CAGR of XX%. The building and construction sector holds the largest share of the global market and is expected to continue its growth trajectory over the next five years. UPR has widespread applications in the construction sector, as this type of resin is utilized in the manufacture of FRP, artificial stones, marbles, granites, and putties.
• The building and construction sector is the most important application segment for the market, especially as emerging economies are making substantial investments in the improvement and development of the infrastructure sector. In line with this, the rapid expansion of the building and construction sector in Nigeria, Kenya, and Brazil has been positively influencing the growth of the global UPR market.

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