Lucintel Forecasts The Unsaturated Polyester Resin In The Global Automotive Composites Market To Grow With A Cagr Of 3% From 2024 To 2031

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According to a market report by Lucintel, the future of the unsaturated polyester resin in the global automotive composites market looks promising with opportunities in various applications, including pickups, closure panels, body panels, fenders, GOR (grille opening reinforcement), heat shields, and headlamp reflectors. The unsaturated polyester resin in the global automotive composites market is expected to grow with a CAGR of 3% from 2024 to 2031. The major driver for unsaturated polyester resin in the global automotive composites market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials. UPR composites with properties such as easy to process, high tensile strength, lightweight, good corrosion resistance and surface tension are ideal for manufacturing lightweight and fuel-efficient vehicles.
A more than 150-page report to understand trends, opportunity and forecast in unsaturated polyester resin in the global automotive composites market to 2031 by application (pick up, closure panels, body panels, fender, GOR, heat shields, headlamp reflectors, ...
... and other applications), material (SMC and BMC), and region (North America, Europe, Asia Pacific and the Rest of the World).
Lucintel forecasts that others will remain the largest application over the forecast period due to increasing penetration of composites materials in automotive applications.
SMC (Sheet Molding Compound) unsaturated polyester resin in the global automotive composites will remain the largest segment over the forecast period 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.
Download sample by clicking on unsaturated polyester resin in the global automotive composites market.
North America is expected to remain the largest region over the forecast period due to growth in end use industries.
Polynt group, AOC (Nippon Paint Holdings Co., Ltd), INEOS Composites (KPS Capital), Covestro AG, Tianhe Resin Co Ltd. are the major suppliers in the unsaturated polyester resin in the global automotive composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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