Unsaturated Polyester Resin Composites in Pipe and Tank Trends and Forecast
The future of the global unsaturated polyester resin composites in pipe and tank market looks promising with opportunities in the oil & gas, retail fuel, water/wastewater, sewage, chemical & industiral, and agriculture markets. The global unsaturated polyester resin composites in pipe and tank market is expected to grow with a CAGR of 2.9% from 2024 to 2030. The major drivers for this market are increasing demand for corrosion-resistant materials, growing infrastructure projects worldwide, and rising awareness about environmental sustainability.
• Lucintel forecasts that, within the manufacturing process category, hand layup will remain the largest segment over the forecast period.
• Within the application category, water/wastewater is expected to witness the highest growth.
• In terms of regions, APAC is expected to witness highest growth over the forecast period.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the Unsaturated Polyester Resin Composites in Pipe and Tank Market
The Unsaturated Polyester Resins (UPR) composites in the pipes and tanks market, as well as the disposable healthcare products sector, are experiencing several new emerging trends. These trends are geared towards sustainability, improved performance, and innovative techniques, which collectively reshape the approach to UPR composite manufacturing and usage.
• Advancement of Eco-Friendly Resources: UPR composites have benefitted in recent years through sustainable development due to increased demand for bio-based materials and recyclable composites. Indian manufacturers are using formulations that include renewable resources to reduce the carbon footprint of their products. This trend aligns with global objectives to combat climate change and meet regulatory requirements for greener materials, making UPR composites favorable in eco-friendly markets.
• Improved Production Methods: Significant improvements are being made to UPR composite production processes, such as fully automated filament winding and pultrusion. These methods enable producers to create uniform, high-quality products with reduced waste and costs. Improved manufacturing technology is crucial to meet the rising demand for robust and reliable composite pipes and tanks used across multiple sectors.
• Application of Innovative Solutions: The use of composite materials with smart UPR chips is growing rapidly. This includes real-time sensors that assess performance and detect structural damage. These advancements enhance safety, reliability, and durability, making UPR composites suitable for modern, monitoring-intensive industries like oil and gas.
• Chemical Resistance Enhancement: There is increasing demand for UPR composites with improved resistance to chemical deterioration, particularly in the chemical processing and waste management industries. Recent trends emphasize developments in chemical and thermal stability of UPR formulations, ensuring their effectiveness in aggressive environments.
• Collaborative R&D Initiatives: Collaborative research and development efforts between industry players, academia, and research institutions are fostering innovation in UPR composites. These partnerships focus on developing new materials, enhancing formulations, and exploring applications across various sectors. Such collaborations drive technological advancements and keep the industry aligned with evolving market needs.
These perspectives are significantly reshaping the UPR composites market for pipes and tanks towards more sustainable, better-performing, and innovatively designed products.
Recent Developments in the Unsaturated Polyester Resin Composites in Pipe and Tank Market
The UPR composites market for pipes and tanks is undergoing a phase of transformation and development, addressing the rising need for high-performance materials across industries. Improvements focus on advancing material properties, fabrication methods, and sustainability.
• Development of Eco-Friendly Formulations: Over recent years, there has been a notable increase in the development of green UPR composites based on alternative raw materials and recyclability. This aligns with global sustainability strategies and government policies, making these materials attractive to eco-sensitive industries without compromise.
• Improved Chemical Resistance: UPR formulations with enhanced chemical resistance have seen a rise in applications in active chemical environments such as plants and oil storage facilities. This development ensures greater durability and effectiveness in pipes and tanks.
• Advanced Manufacturing Techniques: Techniques like automated filament winding and pultrusion have improved the speed and reliability of UPR composite production. These processes help manufacturers achieve high-performance, long-lasting products while reducing resource and labor costs.
• Increased Focus on Recycling: The trend of recycling UPR composites is gaining momentum. Companies are developing systems to recover and reprocess composite materials, minimizing waste and adhering to circular economy principles. This aligns with legislation and consumer expectations for environmentally friendly products.
• Smart Composite Technologies: Embedding sensors into UPR composites is on the rise, enabling real-time monitoring of structural health. These technologies improve the safety and reliability of oil and gas applications requiring such performance.
These developments are driving innovation and sustainability in the UPR composites market, increasing its performance and broadening its application scope.
Strategic Growth Opportunities for Unsaturated Polyester Resin Composites in Pipe and Tank Market
The UPR composites market for pipes and tanks offers numerous growth opportunities across various applications. Industries increasingly seek materials that are strong, lightweight, and eco-friendly.
• Water Treatment Applications: The growing demand for effective water treatment solutions presents opportunities for UPR composites. Their durability and corrosion resistance make them ideal for water storage tanks and piping systems. Rising global concerns about water scarcity and reliable infrastructure further boost demand.
• Chemical Processing Industries: The chemical resistance properties of UPR composites are driving their use in chemical processing applications involving corrosive substances. Developing formulations suited for such environments can address this demand.
• Oil and Gas Sector: The oil and gas sector offers significant growth potential for UPR composites in tanks and piping systems. Their lightweight nature and corrosion resistance enhance operational safety and efficiency, especially as exploration and production activities increase.
• Infrastructure Development: Global investments in infrastructure development, especially in developing countries, call for durable and lightweight piping systems. UPR composites meet these needs, particularly in construction projects requiring robust materials.
• Marine Applications: The marine sector increasingly uses UPR composites for boat hulls and offshore structures due to their lightweight and corrosion-resistant properties. This demand is fueled by the need for cost-effective, high-performance materials in maritime activities.
These growth opportunities highlight the versatility of UPR composites and their relevance to modern industry needs.
Unsaturated Polyester Resin Composites in Pipe and Tank Market Driver and Challenges
UPR composites market (in pipes and tanks) is subject to technological, economic and regulatory diversities, as well as shifts. This is why comprehension of associated factors and impediments is most essential to stakeholders with a picture of getting around this active market frontier.
The factors responsible for driving the unsaturated polyester resin composites in pipe and tank market include:
• Increasing Use of Keywords: Making the Need from Markets Availing and selling through means of Information and Communication Technologies require new challenges. UPR composites have significant benefits in light of the performance and the period of usability which is why it is suitable in this domain.
• Technological Advancements: Advances in the conventional processes of composite manufacturing such as innovations and automation, improvements in the formulations of UPR composites measures help to increase the quality and efficiency of this UPR composites. With these advancements, the manufacturers are in a position to increase the supply of their products at a high satisfaction level while cutting down the cost of production.
• Regulatory Support for Sustainability: Increasing environment protection laws is pushing industries to manufacture biodegradable materials including UPR composites. This is favorable to the consumers and sustainability trend across the world hence improvement of the its market as the companies will have to adhere to the changes in the requirements.
• Infrastructure Investments: Rising focus and spending on infrastructure development across the globe presents an attractive market for UPR composites for piping and storage applications. With the emphasis placed by governments and organizations on sustainable materials for construction, UPR composites are expected to gain enormous demand.
• Focus on Chemical Resistance: UPR formulations are being improved to meet the rising need for materials that can resist harmful chemical substances. Increased chemical resistance offers more opportunities for UPR composites ensuring its application in varied industries such as the chemical processing and oil and gas sector.
Challenges in the unsaturated polyester resin composites in pipe and tank market are:
• Price Fluctuations of Raw Materials: The downside of the use of UPR composites is the fluctuations in prices of the raw materials that go into the production of the UPR composites. In anticipation of this, manufacturer’s may encounter a challenge in profitability without competitiveness in costs in an already sensitive pricing environment.
• Competition from Alternative Materials: The emergence of alternative materials, in particular thermoplastics and metals, is a challenge to UPR composites. As these materials become prominent in the market, the manufacturers have to come up with new ways how to retain the market share and satisfy the ever-changing demands as well as expectations of the customers.
• Technical Challenges In Production: Despite the improvements made, technical challenges in production of UPR composites, for instance, maintaining uniformity of output quality or curing surrender processes can prevent progress. These difficulties should be targeted at in order to satisfy the manufacturers who are looking to enhance the functionality and reliability of their products.
In summary, while the UPR composites market for pipes and tanks is largely responsive to the increasing demand for strong and eco-friendly materials there are risk factors attributable to raw material prices and competition. Most of the industries’ players are expected to utilize new technologies and address these shortcomings to grow further in the existing conditions and seize the rising market opportunities.
List of Unsaturated Polyester Resin Composites in Pipe and Tank Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies unsaturated polyester resin composites in pipe and tank companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the unsaturated polyester resin composites in pipe and tank companies profiled in this report include-
• Polynt Group
• AOC
• INEOS Composites
• BASF
• Covestro
• Xinyang Technology Group
• Tianhe Resin Company
Unsaturated Polyester Resin Composites in Pipe and Tank by Segment
The study includes a forecast for the global unsaturated polyester resin composites in pipe and tank by product type, manufacturing process, application, and region.
Unsaturated Polyester Resin Composites in Pipe and Tank Market by Product Type [Analysis by Value from 2018 to 2030]:
• Orthophthalic
• Isophthalic
• DCPD
• Others
Unsaturated Polyester Resin Composites in Pipe and Tank Market by Manufacturing Process [Analysis by Value from 2018 to 2030]:
• Hand Layup
• Spray-Up
• Filament Winding
• Compression Molding
• RTM/Injection Molding
• Pultrusion
• Others
Unsaturated Polyester Resin Composites in Pipe and Tank Market by Application [Analysis by Value from 2018 to 2030]:
• Oil & Gas
• Retail Fuel
• Water/Wastewater
• Sewage
• Chemical & Industiral
• Agriculture
Unsaturated Polyester Resin Composites in Pipe and Tank Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Unsaturated Polyester Resin Composites in Pipe and Tank Market
The UPR composites market for pipes and tanks is advancing due to the need for reliable, lightweight, and corrosion-resistant materials. Countries like the United States, China, Germany, India, and Japan are driving progress through innovation and sustainability efforts.
• United States: UPR composites are widely used in water treatment applications. Recent developments include bio-based formulations and advanced fabrication methods.
• China: Industrialization and infrastructure expansion have spurred advancements in UPR composites. Green technologies and automation are enhancing production efficiency.
• Germany: Developments focus on improving heat resistance and sustainability through recycling initiatives.
• India: Rapid growth in water management and chemical storage drives demand. Government initiatives for smart cities are boosting UPR composites usage.
• Japan: Innovations in anti-corrosion technologies and smart composites are expanding UPR applications in marine and industrial sectors.
Features of the Global Unsaturated Polyester Resin Composites in Pipe and Tank Market
Market Size Estimates: Unsaturated polyester resin composites in pipe and tank market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Unsaturated polyester resin composites in pipe and tank market size by product type, manufacturing process, application, and region in terms of value ($B).
Regional Analysis: Unsaturated polyester resin composites in pipe and tank market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, manufacturing process, application, and regions for the unsaturated polyester resin composites in pipe and tank market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the unsaturated polyester resin composites in pipe and tank market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the growth forecast for unsaturated polyester resin composites in pipe and tank market?
Answer: The global unsaturated polyester resin composites in pipe and tank market is expected to grow with a CAGR of 2.9% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the unsaturated polyester resin composites in pipe and tank market?
Answer: The major drivers for this market are increasing demand for corrosion-resistant materials, growing infrastructure projects worldwide and rising awareness about environmental sustainability.
Q3. What are the major segments for unsaturated polyester resin composites in pipe and tank market?
Answer: The future of the unsaturated polyester resin composites in pipe and tank market looks promising with opportunities in the oil & gas, retail fuel, water/wastewater, sewage, chemical & industiral, and agriculture markets.
Q4. Who are the key unsaturated polyester resin composites in pipe and tank market companies?
Answer: Some of the key unsaturated polyester resin composites in pipe and tank companies are as follows:
• Polynt Group
• AOC
• INEOS Composites
• BASF
• Covestro
• Xinyang Technology Group
• Tianhe Resin Company
Q5. Which unsaturated polyester resin composites in pipe and tank market segment will be the largest in future?
Answer: Lucintel forecasts that hand layup will remain the largest segment over the forecast period.
Q6. In unsaturated polyester resin composites in pipe and tank market, which region is expected to be the largest in next 6 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the unsaturated polyester resin composites in pipe and tank market by product type (orthophthalic, isophthalic, DCPD, and others), manufacturing process (hand layup, spray-up, filament winding, compression molding, RTM/injection molding, pultrusion, and others), application (oil & gas, retail fuel, water/wastewater, sewage, chemical & industiral, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Unsaturated Polyester Resin Composites in Pipe and Tank Market, Unsaturated Polyester Resin Composites in Pipe and Tank Market Size, Unsaturated Polyester Resin Composites in Pipe and Tank Market Growth, Unsaturated Polyester Resin Composites in Pipe and Tank Market Analysis, Unsaturated Polyester Resin Composites in Pipe and Tank Market Report, Unsaturated Polyester Resin Composites in Pipe and Tank Market Share, Unsaturated Polyester Resin Composites in Pipe and Tank Market Trends, Unsaturated Polyester Resin Composites in Pipe and Tank Market Forecast, Unsaturated Polyester Resin Composites in Pipe and Tank Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.