According to a market report by Lucintel, the future of the global unsaturated polyester resin in the global automotive composites market looks promising with opportunities various applications, including pickups, closure panels, body panels, fenders, GOR (grille opening reinforcement), heat shields, and headlamp reflectors. The global unsaturated polyester resin in the global automotive composites market is expected to reach an estimated $358.0 billion by 2030 from $301.9 million by 2023, at a CAGR of 2.0% from 2024 to 2030. The major drivers for this market are 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.
Browse 95 figures / charts and 74 tables in this 177 -page report to understand trends, opportunity and forecast in unsaturated polyester resin in the global automotive composites market to 2030 by application (pick up, closure panels, body panels, fender, GOR, heat shields, headlamp reflectors, and others), 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.
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North America is expected to remain the largest region over the forecast period due due to growth in end use industries.
Polynt group, AOC, INEOS Compositse, 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
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