Japan Unsaturated Polyester Resins Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.35% from 2023 to 2033
• The Japan Unsaturated Polyester Resins Market Size is Expected to Hold a Significant Share by 2033

The Japan Unsaturated Polyester Resins Market Size is anticipated to hold a significant share by 2033, Growing at a CAGR of 4.35% from 2023 to 2033. The Growing development in the construction and infrastructure sector is driving the Growth of the unsaturated polyester resins market in the Japan.     

Market Overview

Unsaturated Polyester Resins (IJPRs) are a broad family of synthetic polymers with widespread applications in the production of different composite products and materials. These resins are synthesized by the combination of diol and diacid, producing a thermosetting polymer with unsaturated links throughout. UPRs are highly valued because of their remarkable mechanical qualities, resistance to corrosion, and ease of handling during processing. The manufacturing of fiberglass-reinforced composites is a significant use for UPRs which are used to make construction materials, automobile components, and boat hulls. UPRs have the advantage of being inexpensive, having good moldability, and enabling the creation of items that are both robust and lightweight. They are used in so many different industries, such as aerospace, automotive, marine, and construction. There has been a trend towards these substances as a result of the emphasis on sustainability and environmental concerns. The development in resin technology, such as the creation of low-VOC (volatile organic compound) compositions and enhanced curing procedures leads to market expansion.

Report Coverage

This research report categorizes the market for the Japan unsaturated polyester resins market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan unsaturated polyester resins market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan unsaturated polyester resins market.

Driving Factors

Urbanization and infrastructure development have fueled the construction industry's growth, which has resulted in a significant market demand for unsaturated polyester resins. The growing emphasis on product innovation and customization is expected to drive up the market growth for the unsaturated polyester resins market.         

Restraining Factors

The availability of substitutes including epoxy resin and nylon and the consumer inclination towards cost-effective and accessible resin raw materials are restraining the market for unsaturated polyester resins.

Market Segmentation

The Japan Unsaturated Polyester Resins Market share is classified into type, form, and end use.

• The orthophthalic resin segment dominates the market with the largest market share during the forecast period.

The Japan unsaturated polyester resins market is segmented by type into orthophthalic resin, isophthalic resin, dicyclopentadiene (DCPD) resin, and others. Among these, the orthophthalic resin segment dominates the market with the largest market share during the forecast period. The orthophthalic resin products are highly consumed in the building, automotive, and marine industries because of their favorable features including toughness, durability, and chemical and thermal resistance. The expansion of the end-use industries of automotive, marine, and aerospace are promoting market growth.

• The powder form segment accounted for the largest market share during the forecast period.

Based on the form, the Japan unsaturated polyester resins market is divided into liquid form and powder form. Among these, the powder form segment accounted for the largest market share during the forecast period. The powder form of UPRs is convenient and versatile for use. In addition, they are pre-catalyzed and easy to handle, enabling accurate dosing and reducing waste during processing. It can offer consistent mechanical properties and reduced emissions during processing, thus having applications in the automotive, aerospace, and construction sectors.

• The building and construction segment dominates the Japan unsaturated polyester resins market during the forecast period.       

Based on the end use, the Japan unsaturated polyester resins market is divided into building and construction, automotive, marine, pipes, ducts and tanks, wind energy, electrical and electronics, and others. Among these, the building and construction segment dominates the Japan unsaturated polyester resins market during the forecast period. Roof panels, tiles, bathroom fixtures, coatings, insulation, wiring, and other applications rely on unsaturated polyester resins. The increased population growth surges the demand from the housing sector which leads to driving the market demand in the building and construction segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan unsaturated polyester resins market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Dow Inc.
• Japan U-Pica Company Ltd. (Mitsubishi Gas Chemical Company)
• DIC Corporation
• Allnex Netherlands BV
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Unsaturated Polyester Resins Market based on the below-mentioned segments:

Japan Unsaturated Polyester Resins Market, By Type

• Orthophthalic Resin
• Isophthalic Resin
• Dicyclopentadiene (DCPD) Resin
• Others

Japan Unsaturated Polyester Resins Market, By Form

• Liquid Form
• Powder Form

Japan Unsaturated Polyester Resins Market, By End Use

• Building and Construction
• Automotive
• Marine
• Pipes, Ducts and Tanks
• Wind Energy
• Electrical and Electronics
• Others