The unsaturated polyester resin industry is a mature market that is predominantly characterized by established products, applications, and processes. The major players offer a complete portfolio of resins, covering all the major chemistries and the property and/or performance requirements for the wide range of application markets and processing methods.
Polynt and Ashland are the market leaders with diversified product portfolios, strong geographical reach, and high strategic initiatives. Over the next five years, suppliers will be focusing on growing end-user industries like transportation, pipe & tank, and construction in emerging countries like India, China, and the Middle East (particularly in the UAE and Saudi Arabia) where they are likely to capture larger market share in the global UPR market.
Over the last five years, suppliers have focused on new product developments which are resins that are styrene free or have low styrene content. The suppliers have grown organic and inorganic in the last five years. Polynt acquired CCP composites and Reichhold to become the UPR market leader. Also, DSM Composite Resins and CCV have formed a partnership to create a new company: Aliancys A.G. The suppliers have also made partnerships, agreements, and contracts with various distributers around the world.
The companies producing UPR are exploring market opportunities with starkly different strategies. Lucintel, a leading global management consulting and market research firm, has analyzed the global UPR market and has come up with a comprehensive research report, “Worldwide Unsaturated Polyester Resin Competitive Analysis and Leadership Study 2016.” This report offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities.