The global unsaturated polyester resin (UPR) market is set to gain momentum from the increasing demand from numerous end-use industries, such as marine, electrical & electronics, aerospace, and automotive. This information is given by Fortune Business Insights™ 

Regional Insights-

Geographically, Asia Pacific procured USD 6,606.2 million in 2019 in terms of revenue. It is likely to retain its dominant position throughout the forthcoming years because of the rising demand for unsaturated polyester resins in numerous industries, such as aerospace, marine, building & construction, and automotive. Emerging nations, namely, Japan, India, and China, are expected to contribute to this growth because of constant economic development.

On the other hand, North America is set to exhibit a significant share stoked by the rising disposable income and technological advancements in the region. In Europe, Germany would showcase the highest growth on account of the sales and production of automobiles.

Competitive Landscape-

Key Players Focus on Various Organic & Inorganic Strategies to Compete in Market

The global market for unsaturated polyester resins houses several renowned manufacturers. Most of them are adopting the strategies of collaboration, acquisitions, new product launches, and expansion of distribution channels. Below is one of the latest industry developments:

• December 2020: AOC acquired a Spolchemie plant for unsaturated polyester resins in the Czech Republic. It would aid the company to enhance its logistics and services.

A list of all the prominent UPR manufacturers operating in the global market:

• Reichold (U.S.)

• Royal DSM (Netherlands)

• Deltech (U.S.)

• Polynt (Italy)

• Dow (U.S.)

• BASF SE (Germany)

• INEOS (U.K.)

• U-PICA Company. Ltd. (Japan)

• UPC Technology Corporation (Taiwan)

• Scott Bader Company Ltd. (U.K.)

• Other Key Players

Report Summary: https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760