Market Overview:
The global FRP unsaturated polyester resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for FRP unsaturated polyester resin from the construction, automotive, and shipbuilding industries. In terms of type, orthophthalic resins are expected to dominate the market during the forecast period owing to their superior properties such as high heat resistance and chemical resistance. In terms of application, construction industry is expected to account for a major share of the global FRP unsaturated polyester resin market during the forecast period. This can be attributed to increasing demand for FRP unsaturated polyester resin from countries such as China and India in order to meet rising demand for infrastructure development projects.
Product Definition:
FRP Unsaturated Polyester Resin is a thermoset plastic that is used in the manufacture of fiberglass-reinforced plastics. It is a resin that cures when it comes into contact with air and forms a hard, brittle polymer. It has high tensile and flexural strength, making it an ideal material for use in manufacturing products such as boat hulls, wind turbines, and flying wings.
Orthophthalic:
Orthophthalic is a chemical compound derived from phthalic anhydride. It has the formula (CAS Regi no. 7427-05-6). Orthophthalic can also be produced by the hydrolysis of terephthalic acid, which is used in polyester resin production and as a feedstock for other chemicals such as plasticizers and antioxidants.
Isophthalic:
Isophthalic acid or IPA is a chemical compound derived from petroleum. It is primarily used to produce unsaturated polyester resin (UPR). The global demand for UPR has been increasing on account of rising construction and automotive industries in emerging economies such as China, India, Brazil and South East Asian countries. Increasing infrastructure spending coupled with growing automobile production particularly in the developing regions are expected to drive the market over the forecast period.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The product is widely used in residential, commercial, and industrial structures owing to its excellent load-bearing capacity. It also has good resistance towards corrosion, which makes it suitable for use in bridges and other infrastructure projects. Rising demand for high strength composite materials from various industries including automotive will drive the market growth over the forecast period.
The automotive industry uses fiber reinforced polyester composites (FRP) as they are lightweight compared to conventional plastics or metal components used for structural parts of a vehicle¢â‚¬â„¢s body structure such as fenders, hoods, doorsframes & beams among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for automobiles, construction activities, and other industries coupled with rapid urbanization in emerging economies such as China and India.
The shipbuilding industry in Asia Pacific has witnessed an increase due to rising demand for cruise ships across various countries such as China, Japan, Indonesia among others which has led FRP manufacturers based out of Asia Pacific region into a higher revenue share over the past few years. Moreover, growing infrastructure activities coupled with increasing foreign investments are also likely boost regional product consumption further over the next eight years.
Europe was estimated at USD X million in 2017 owing high performance-based sports cars manufactured using unsaturated polyester resins that are primarily used across automobile applications including drive shafts.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and marine sectors
- Rising demand for lightweight and durable materials in the transportation sector
- Growing popularity of FRP composites in the wind energy market
- Increasing use of FRP resins in medical implants and other biomedical applications
- Technological advancements that are resulting in improved properties of FRP resins
Scope Of The Report
Report Attributes
Report Details
Report Title
FRP Unsaturated Polyester Resin Market Research Report
By Type
Orthophthalic, Isophthalic, Dicyclopentadiene (DCPD), Others
By Application
Construction Industry, Automotive Industry, Shipbuilding Industry, Others
By Companies
Ashland, BASF SF, Polynt-Reichhold, AOC, U-Pica, Japan Composite, Yabang, Tianhe Resin, Changzhou Fangxin, Zhaoqing Futian, Jiangsu Fullmark, Changzhou Huari, Zeyuan Chemical, Guangdong Huaxun, Luxchem Polymer Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global FRP Unsaturated Polyester Resin Market Report Segments:
The global FRP Unsaturated Polyester Resin market is segmented on the basis of:
Types
Orthophthalic, Isophthalic, Dicyclopentadiene (DCPD), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Industry, Automotive Industry, Shipbuilding Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashland
- BASF SF
- Polynt-Reichhold
- AOC
- U-Pica
- Japan Composite
- Yabang
- Tianhe Resin
- Changzhou Fangxin
- Zhaoqing Futian
- Jiangsu Fullmark
- Changzhou Huari
- Zeyuan Chemical
- Guangdong Huaxun
- Luxchem Polymer Industries
Highlights of The FRP Unsaturated Polyester Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Orthophthalic
- Isophthalic
- Dicyclopentadiene (DCPD)
- Others
- By Application:
- Construction Industry
- Automotive Industry
- Shipbuilding Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FRP Unsaturated Polyester Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FRP Unsaturated Polyester Resin is a resin made from unsaturated polyesters. It is used in applications where high strength and stiffness are required, such as in aircraft parts and boat hulls.
Some of the major players in the frp unsaturated polyester resin market are Ashland, BASF SF, Polynt-Reichhold, AOC, U-Pica, Japan Composite, Yabang, Tianhe Resin, Changzhou Fangxin, Zhaoqing Futian, Jiangsu Fullmark, Changzhou Huari, Zeyuan Chemical, Guangdong Huaxun, Luxchem Polymer Industries.
The frp unsaturated polyester resin market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. FRP Unsaturated Polyester Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. FRP Unsaturated Polyester Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. FRP Unsaturated Polyester Resin Market - Supply Chain
4.5. Global FRP Unsaturated Polyester Resin Market Forecast
4.5.1. FRP Unsaturated Polyester Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. FRP Unsaturated Polyester Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. FRP Unsaturated Polyester Resin Market Absolute $ Opportunity
5. Global FRP Unsaturated Polyester Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
5.3.1. Orthophthalic
5.3.2. Isophthalic
5.3.3. Dicyclopentadiene (DCPD)
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global FRP Unsaturated Polyester Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
6.3.1. Construction Industry
6.3.2. Automotive Industry
6.3.3. Shipbuilding Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global FRP Unsaturated Polyester Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global FRP Unsaturated Polyester Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global FRP Unsaturated Polyester Resin Demand Share Forecast, 2019-2026
9. North America FRP Unsaturated Polyester Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
9.4.1. Construction Industry
9.4.2. Automotive Industry
9.4.3. Shipbuilding Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
9.7.1. Orthophthalic
9.7.2. Isophthalic
9.7.3. Dicyclopentadiene (DCPD)
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America FRP Unsaturated Polyester Resin Demand Share Forecast, 2019-2026
10. Latin America FRP Unsaturated Polyester Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
10.4.1. Construction Industry
10.4.2. Automotive Industry
10.4.3. Shipbuilding Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
10.7.1. Orthophthalic
10.7.2. Isophthalic
10.7.3. Dicyclopentadiene (DCPD)
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America FRP Unsaturated Polyester Resin Demand Share Forecast, 2019-2026
11. Europe FRP Unsaturated Polyester Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
11.4.1. Construction Industry
11.4.2. Automotive Industry
11.4.3. Shipbuilding Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
11.7.1. Orthophthalic
11.7.2. Isophthalic
11.7.3. Dicyclopentadiene (DCPD)
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe FRP Unsaturated Polyester Resin Demand Share, 2019-2026
12. Asia Pacific FRP Unsaturated Polyester Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
12.4.1. Construction Industry
12.4.2. Automotive Industry
12.4.3. Shipbuilding Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
12.7.1. Orthophthalic
12.7.2. Isophthalic
12.7.3. Dicyclopentadiene (DCPD)
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific FRP Unsaturated Polyester Resin Demand Share, 2019-2026
13. Middle East & Africa FRP Unsaturated Polyester Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Application
13.4.1. Construction Industry
13.4.2. Automotive Industry
13.4.3. Shipbuilding Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa FRP Unsaturated Polyester Resin Market Size and Volume Forecast by Type
13.7.1. Orthophthalic
13.7.2. Isophthalic
13.7.3. Dicyclopentadiene (DCPD)
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa FRP Unsaturated Polyester Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global FRP Unsaturated Polyester Resin Market: Market Share Analysis
14.2. FRP Unsaturated Polyester Resin Distributors and Customers
14.3. FRP Unsaturated Polyester Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashland
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF SF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Polynt-Reichhold
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AOC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. U-Pica
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Japan Composite
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yabang
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tianhe Resin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Changzhou Fangxin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhaoqing Futian
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangsu Fullmark
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Changzhou Huari
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zeyuan Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Guangdong Huaxun
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Luxchem Polymer Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
