Opportunities for the Unsaturated Polyester Resin in the Automotive Composites Market in the United States


Posted October 30, 2020 by hiteshchawra

Opportunities for the Unsaturated Polyester Resin in the Automotive Composites Market in the United States

 
"According to a new country report published by Lucintel, the future of unsaturated polyester resin in automotive composites market in the United States looks promising with opportunities in various applications, including closure panels, body panels, fenders, GOR(grille opening reinforcement), heat shields, headlamp reflectors, pickup box and others. The unsaturated polyester resin in automotive composites market in the United States is primarily driven by increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.

This report studies factors affecting the unsaturated polyester resin in automotive composites market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.

Among various growth areas, Lucintel forecasts that headlamp reflector is expected to be the largest market and witness the highest growth rate during the forecast period of 2020 to 2025. Increasing automotive production and demand of durable and lightweight materials is the major drivers for this market. Within the unsaturated polyester resin in automotive composites market in the United States, sheet molding compound (SMC) and bulk molding compound (BMC) are the major intermediate materials. SMC is expected to remain the largest market by value and volume, mainly because of its greater flexural strength and tensile strength than BMC. SMC also has longer fiber length and higher fiber content components in body and closure panel applications and these qualities will spur growth for this segment over the forecast period.

Emerging trends, which has a direct impact on the dynamics of the industry is avoiding the usage of styrene as the major raw material for manufacturing UPR because it is hazardous for health.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the unsaturated polyester resin in automotive composites market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Unsaturated Polyester Resin in the Automotive Composites Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the unsaturated polyester resin in automotive composites market in the United States by application and intermediate material type as follows:

Unsaturated Polyester Resin in Automotive Composites Market by Application Type (Value ($M) and Volume (M lbs) from 2014 to 2025):
• Pick up box
• Closure Panel
• Body Panel
• Fenders
• GOR
• Heat shield
• Headlamp Reflector
• Others

Unsaturated Polyester Resin in Automotive Composites Market by Material Type (Value ($M) and Volume (M lbs) from 2014 to 2025):
• Sheet Molding Compound (SMC)
• Bulk Molding Compound (BMC)

This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/unsaturated-polyester-resin-in-the-automotive-composites.aspx or write to us at [email protected]

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com "
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Categories Aerospace , Architecture , Blogging
Last Updated October 30, 2020