Unsaturated Polyester Resin (UPR) is known for its remarkable resistance to chemicals, corrosion, abrasion, and heat. It also boasts superior structural strength, impressive compressive strength, and high impact strength. These properties make it a popular choice in the construction industry, where it’s used as a concrete and sealant. UPR’s aesthetic appeal also makes it a preferred coating material. The table below illustrates the various applications of UPR in the construction industry. UPR-based composites are gaining popularity in the construction industry due to their cost-effectiveness, lightweight nature, and pleasing aesthetics. These composites can be colored without compromising their structural integrity, which has led to an increase in demand. This trend is projected to continue in the future. Moreover, these polyesters are environmentally friendly, further boosting their demand. As per the Global Construction Perspectives and Oxford Economics, the global construction market is predicted to hit USD 8 trillion by 2030, propelled by the U.S., China, and India. Therefore, the expansion of the global construction industry, along with the rising demand for UPR composites, coatings, and mortars, is anticipated to fuel the growth of the UPR market in the forecasted period.
Unsaturated polymer resins (UPR) are commonly employed in the automobile industry for quick repair and restoration of damaged vehicle parts. They serve as a filler material and as a putty for car painting. The use of UPR not only eliminates any signs of damage, giving the vehicle a smooth finish but also ensures strong adhesion to paint, thereby extending the life of the paint coat. UPR is extensively used in repairing various parts of a vehicle such as bumpers, doors, roofs, and interiors that have been damaged in accidents. The global increase in car accidents is anticipated to boost the demand for UPR, as it is used for quick dent repairs post-accidents. As per the U.S. Department of Health & Human Services, approximately 3,700 individuals lose their lives daily in crashes involving various vehicles such as buses, cars, bicycles, trucks, or motorcycles. Moreover, the resurgence of automotive sales following the COVID-19 crisis is predicted to stimulate the demand for UPR in automotive applications in the forthcoming years. UPR is also utilized in the production of high-performance components in the automotive industry. Therefore, the growing demand for automobiles is likely to fuel the demand for UPR in the automobile industry during the forecast period.
Maleic anhydride is primarily produced from n-butane and benzene. Their prices, which are influenced by the global trends of crude oil and naphtha prices, have a direct impact on the cost of maleic anhydride. The petroleum derivatives industry worldwide is significantly affected by the pricing of crude oil and the demand downstream. Crude oil prices have been highly volatile, leading to fluctuations in benzene prices. Factors such as political instability in oil-producing countries such as Saudi Arabia and Iraq, among others in the Middle East, have caused these extreme price variations. Recent social unrest in countries such as Iraq, Nigeria, Venezuela, Libya, and Iran have negatively impacted their industrial sectors, including the crude oil industry. In 2015, the price of crude oil was USD 52.32 per barrel, which escalated to USD 100.08 per barrel in 2022. However, there was a significant drop to USD 41.69 per barrel in 2020 due to trade restrictions imposed during the COVID-19 pandemic. These fluctuations in crude oil prices are expected to affect the raw material costs of maleic anhydride, leading to price variations of the product. This could potentially hinder market growth in the future.
This section will provide insights into the contents included in this maleic anhydride market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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