Unsaturated polyester resin is formed by the condensation of unsaturated acid and diol with or without diacid. Cross linking of these resins along with the with vinyl reactive polymer form highly durable structures and coatings. Composite material glass fiber–reinforced plastics is formed by using polymer unsaturated polyester resin. It is widely used in the building and construction owing to its excellent properties.
Increasing building and construction industry, along with rising mining activities across the globe are driving growth of the global unsaturated polyester resin market. Growing demand from electrical & electronics and chemical sector is expected to propel growth of the target market over the forecast period. In addition, increasing adoption of orthopthalic resins in transport and marine industries is fueling growth of the global unsaturated polyester resin market growth. However, availability of substitute at low cost is restraining growth of the global unsaturated polyester resin market. In addition, fluctuating raw material prices is another factor exepcetd to hamper growth of the target market.
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Key players operating in the global unsaturated polyester resin market includes
- Ashland Global Holdings Inc.,
- Tianhe Chemicals Group Ltd,
- Changzhou Zhonghui Solar Technology Company Limited,
- Aoc Resins and Coatings Company,
- BASF SE,
- The Dow Chemical Company,
- Koninklijke DSM N.V.,
- CCP Composites,
- Reichhold Inc.,
- Saudi Basic Industries Corporation.
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