Product ID: SQMIG15E2408
Global Unsaturated Polyester Resins Market Size, Share, Growth Analysis, By Type(Ortho phthalic, Isophthalic & DCPD), By End Use(Building & Construction, Marine) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2408 |
Region:
Global |
Published Date: April, 2024
Pages:
209
|
Tables:
66 |
Figures:
75
Global Unsaturated Polyester Resins Market Dynamics
Unsaturated Polyester Resins Market Driver
- Growing Demand from the Building and Construction Sector for Unsaturated Polyester Resin to Support Market Growth
For the production of items like window panels, roof tiles, floor tiles, and bathroom fixtures, this product is mostly used in the building and construction sector. Excellent surface finish, water resistance, wear resistance, stiffness, and superior electrical insulation are all benefits of using this product. As a result, the building and construction sector's rising demand is a major driver of the UPR market. The increased consumption of this commodity is a result of expanding construction activities globally to satisfy the high demand from the expanding population. In addition, the growth of public infrastructure and housing projects in developing nations is boosting the building and construction sector, which is expected to significantly boost the UPR market. The demand for this product is also being fueled by the growing urban population and restoration projects fueled by increased consumer disposable incomes.
Unsaturated Polyester Resins Market Restraint
The demand for this product has significantly increased across a range of end-use industries. However, as a result, replacements have been created and put on the market. These alternatives, such nylon and epoxy resin, cause customers to switch to more readily available and less expensive resin raw materials, which slows the market's rate of expansion. Government rules regarding environmental protection and limiting the use of non-renewable resources as a conservation measure are also impeding the development of the market. In addition, the COVID-19 pandemic's temporary stoppage of industrial facilities is a constraining factor because it is causing a gap between supply and demand.
Global Unsaturated Polyester Resins Market Report Snapshots
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