The polycondensation process between polyalcohols and polyacids results in polyester resin. Unsaturated polyester resins are typically utilized in conjunction with strengthening components like glass fiber. Unsaturated polyester resin is extensively employed in a variety of sectors, including marine, construction, electrical, and transportation. Unsaturated polyester resins' market is expanding as a result of increasing demand from the building and construction sector. They are frequently employed in a variety of applications, including those requiring resistance and flexibility, including concrete, roofing, glass, and synthetic marble. Unsaturated polyester resins also give structures important additional benefits like lifespan, low maintenance, impact resistance, weight reduction, load-bearing, sealing, and impact resistance.
The global unsaturated polyester Resin Market is estimated to be valued at US$ 11,275.6 million in 2021 and is expected to exhibit a CAGR of 7.5 % over the forecast period (2021-2028).
Major Players in the Unsaturated Polyester Resins Industry:
1. BASF SE
BASF SE was founded in 1865 and it’s headquarter in Ludwigshafen, Germany. The Company operates in 91 countries. BASF revolutionizes power electronics market in Asia with launch of optimized Red Phosphorus offering.
2. AOC Resins
Covestro AG was launch in 1960. And its headquarter Schaffhausen, Switzerland. It operate over 70 country. 2020: AOC acquired a Spolchemie plant for unsaturated polyester resins in the Czech Republic..
3. Ashland Inc
Ashland Inc, was launch in 1924 and it’s headquarter located in Wilmington, Delaware, United States.it operate over 100 country. In 2020 Ashland Inc. to increase unsaturated polyester resin, gelcoat and epoxy vinyl ester resins prices for EMEA.
4. Changzhou New Solar Co. Ltd.
Changzhou New Solar Co. Ltd.was launch in 2010 and it’s headquarter located in Jiangsu, China. It operate over 100 country.
5. DuPont
DuPont. Founded in 2017, its headquarters located in Wilmington, Delaware, United States. The company has eight factories in South Korea and a network of 120 business locations in 70 countries.
6. Lanxess AG
Lanxess AGwas launch 2004 and its headquarter Cologne, Germany. It operate over 33 country. In2020 LANXESS and Advent to acquire Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion.
7. Eternal Chemical Co. Ltd.
Eternal Chemical Co. Ltd. Founded in 1964. Its headhunters Taiwan, with businesses in over 40countries.
Definition: - Polyester resin is produced by the polycondensation reaction between polyalcohols and polyacids. Unsaturated polyester resins are mostly used in combination with reinforcing materials such as glass fiber. The unsaturated polyester resin is widely used across a wide range of industries such as Marine, construction, electrical, and transport.
