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™

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We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to estimate the forecast for various segments at the country, regional, and global levels is collected through interviews with various leading stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.

Here are some key points regarding the UPR market:

1. Growth Drivers: The growth of the construction industry, particularly in emerging economies, has been a significant driver for UPR market growth. UPRs are widely used in the construction industry for applications such as pipes, tanks, panels, and laminates due to their high strength-to-weight ratio, corrosion resistance, and durability.

2. Automotive Sector: UPRs are also extensively used in the automotive industry for manufacturing various components such as body panels, hoods, fenders, and interior parts. With the increasing demand for lightweight and fuel-efficient vehicles, the demand for UPRs in this sector is expected to continue growing.

3. Marine Industry: UPRs find applications in the marine industry for manufacturing boats, yachts, and other marine vessels due to their excellent resistance to water and chemicals.

4. Electrical Industry: UPRs are used in the electrical industry for manufacturing insulating materials, switchgear components, and electrical housings.

5. Environmental Concerns: Growing environmental concerns and regulations regarding emissions and sustainability have led to the development of bio-based UPRs, which are derived from renewable resources such as soybean oil and cornstarch. This segment is expected to witness significant growth due to increasing environmental regulations and consumer preferences for sustainable products.

6. Asia-Pacific Dominance: The Asia-Pacific region dominates the global UPR market due to rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations. The region's robust manufacturing sector and growing construction activities are driving the demand for UPRs.

7. Market Challenges: Despite the overall positive outlook, the UPR market faces challenges such as volatility in raw material prices, stringent environmental regulations, and competition from alternative materials such as epoxy resins and vinyl ester resins.

8. Market Players: Key players in the global UPR market include Ashland Global Holdings Inc., BASF SE, DSM, Scott Bader Company Ltd., and Reichhold LLC, among others.

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

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