Lucintel’s latest market report analyzed that unsaturated polyester resin in the global automotive composites provides attractive 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 reach $0.3 billion by 2026 with a CAGR of 3.7%. In this market, SMC is the largest segment by material, whereas headlamp reflector is largest by application. The development of polyester resin system with low VOC emission and increasing shift to bio-based resins provides strategic growth path in this market.
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Based on material, the unsaturated polyester resin in the global automotive composites market is segmented into SMC and BMC. The SMC segment is accounted for the largest share of the market in 2020 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 and these qualities will spur growth for this segment over the forecast period.
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74 – Tables
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177 – Pages
The unsaturated polyester resin in the global automotive composites market is marked by the presence of several big and small players. Some of the prominent players offering unsaturated polyester resin in the global automotive composites include Polynt-Reichhold, Ashland, AOC, Swarncor, and Scott Bader.
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