Japan Unsaturated Polyester Resins Market Report 2023, Industry Trends, Demand And Future Growth 2032

Japan Unsaturated Polyester Resins Market Report 2023, Industry Trends, Demand And Future Growth 2032

IMARC Group's report titled "Japan Unsaturated Polyester Resins Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032". Japan unsaturated polyester resins market size is projected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032.

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Factors Affecting the Growth of the Japan Unsaturated Polyester Resins Industry:

• Growing Automotive Industry:

The rising utilization of unsaturated polyester resins (UPR) in the automotive industry represents one of the key factors impelling the market growth in Japan. The growing shift towards developing more fuel-efficient and eco-friendly vehicles to meet stringent emissions standards is encouraging the employment of unsaturated polyester resins due to their exceptional properties. They are widely used in the production of composite materials that are lightweight yet sturdy, making them ideal for components, such as body panels, bumpers, and interior parts. Furthermore, UPRs offer excellent corrosion resistance, ensuring the durability and longevity of automotive parts, even in harsh environmental conditions. This enhances the overall performance and safety of vehicles while contributing to reduced fuel consumption.

• Infrastructure Development:

The increasing infrastructure development projects, encompassing the construction and renovation of bridges, buildings, pipelines, and other essential structures, are bolstering the growth of the market in the country. UPRs offer high mechanical strength, corrosion resistance, and durability, making them indispensable for infrastructure projects that require materials capable of withstanding harsh environmental conditions and long-term wear and tear. UPRs find extensive use in composite materials, concrete reinforcement, and coatings, contributing to the longevity and structural integrity of these vital infrastructure assets.

• Renewable Energy Initiatives:

The increasing renewable energy initiatives to reduce dependence on fossil fuels and combat climate change are propelling the market growth in the country. These initiatives encompass a multifaceted approach to harnessing sustainable energy sources, primarily focusing on wind and solar power generation. The introduction of feed-in tariffs to incentivize the adoption of renewable energy technologies is encouraging investments in wind farms and solar installations across the country. Additionally, research and development (R&D) efforts are leading to innovations in energy storage and grid integration, addressing the intermittent nature of renewables.

Leading Companies Operating in the Japan Unsaturated Polyester Resins Industry:

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

Japan Unsaturated Polyester Resins Market Report Segmentation:

By Type:

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

Based on the type, the market has been segregated into orthophthalic resin, isophthalic resin, dicyclopentadiene (DCPD) resin, and others.

By End Use:

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

On the basis of end use, the market has been divided into building and construction, automotive, marine, pipes, ducts and tanks, wind energy, electrical and electronics, and others.

By Form:

• Liquid Form
• Powder Form

Based on the form, the market has been bifurcated into liquid form and powder form.

Regional Insights:

• Kanto Region
• Kansai/Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region

Region-wise, the market has been categorized into Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.

Japan Unsaturated Polyester Resins Market Trends:

Manufacturers are prioritizing eco-friendly production processes due to the growing awareness of environmental concerns. They are also reducing emissions, minimizing waste, and using raw materials with lower environmental footprints. UPR manufacturers in Japan are investing in research and development (R&D) to create more sustainable resins that meet these criteria, catering to the demand for environmentally responsible products in various industries.

The rising preference for customized UPR formulations to meet specific industry needs is prompting manufacturers to invest in resin variants with tailored properties, such as enhanced chemical resistance, fire retardancy, or improved adhesion. This trend caters to diverse sectors like marine, electronics, and coatings, where unique resin characteristics are essential. Customization and diversification strategies enable companies to maintain a competitive edge and expand their user base.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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