Global Unsaturated Polyester Resin in Automotive Composites Market
The future of unsaturated polyester resin (UPR) in the global automotive composites market lookspromising with opportunities in various applications, including closure panels, body panels, fenders,GOR(grille opening reinforcement), heat shields, headlamp reflectors, pickup box and others. UPRin the global automotive composites market is forecast to grow at a CAGR of 5.3% from 2016 to2021. The major drivers for market growth are the increasing demand for lightweight materials, andperformance benefits of reinforced composites over rival materials. UPR Composites withproperties such as easy to process, high tensile strength, lightweight, good corrosion resistanceand surface tension are ideal for manufacturing lightweight and fuel-efficient vehicles.
In this market, pickup box, closure panels, body panels, fenders, GOR, heat shields, and headlampreflectors are the major applications. On the basis of its comprehensive research, Lucintel forecaststhat the headlamp reflector is expected to be the largest market and witness the highest growthrate during the forecast period of 2016 to 2021. Increasing automotive production and demand ofdurable and lightweight materials is the major drivers for this market.
Within the global automotive composites market, sheet molding compound (SMC) and bulk moldingcompound (BMC) are the major intermediates materials. Within this market, polyester resin is usedto make sheet molding compound and bulk molding compound for automotive parts. SMC isexpected to remain the largest market by value and volume, mainly because of its greater flexuralstrength and tensile strength than BMC. SMC also has longer fiber length and higher fiber contentcomponents in body and closure panel applications and these qualities will spur growth for thissegment over the forecast period.
For business expansion, Lucintel’s report suggests innovation and new product development toproduce UPR resin with high excellent heat-resistant properties. The report further suggests thedevelopment of partnerships with customers to create win-win situations and development of lowcostsolutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook