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 type category, hand layup will remain the largest segment over the forecast period.
• Within this application category, water/wastewater is expected to witness the highest growth.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Unsaturated Polyester Resin Composites in Pipe and Tank Market
The unsaturated polyester resin (UPR) composites in pipes and tank market is experiencing rapid growth due to increasing demand for durable, corrosion-resistant, and cost-effective materials across various industries, such as chemical, water treatment, and oil and gas. UPR composites, known for their lightweight and excellent mechanical properties, offer an ideal solution for industries that require both structural integrity and resistance to harsh environments. As technological advancements and sustainability concerns continue to evolve, several emerging trends are reshaping the UPR composites market, driving innovation and expanding their applications in pipes and tank. Here are five key trends in this growing sector.
• Increased Demand for Corrosion-Resistant Solutions: The growing demand for corrosion-resistant materials is a significant driver in the UPR composites market. UPR composites are increasingly favored in industries like oil and gas, water treatment, and chemical processing due to their superior resistance to aggressive environments. These materials provide a longer lifespan compared to traditional metal pipes and tank, making them ideal for installations exposed to corrosive substances, moisture, and extreme temperatures. As the need for reliable infrastructure grows, UPR composites are emerging as a cost-effective solution that reduces maintenance costs and downtime while improving safety and operational efficiency.
• Focus on Sustainability and Green Manufacturing: Sustainability is becoming a core concern across industries, and the UPR composites market is no exception. Manufacturers are focusing on developing greener, more eco-friendly production methods and formulations that use renewable resources and reduce environmental impact. Bio-based unsaturated polyester resins, which replace traditional petrochemical-based resins, are gaining traction. These eco-friendly alternatives help reduce carbon footprints and align with global sustainability goals. As regulations around environmental protection become stricter, the adoption of sustainable UPR composites is expected to increase, particularly in regions with strong environmental policies like Europe and North America.
• Technological Advancements in Resin Formulation: Continuous advancements in resin formulation are improving the performance characteristics of UPR composites. Manufacturers are experimenting with new additives, fillers, and curing agents to enhance properties like fire resistance, impact strength, and UV stability. For example, the incorporation of nanomaterials or advanced curing techniques is improving the mechanical properties of UPR composites, making them more competitive against alternative materials. This trend is expected to drive the adoption of UPR composites in high-performance applications, where reliability and safety are paramount, such as in chemical storage tank and pressure vessels.
• Expansion in Emerging Markets: Emerging economies, particularly in Asia-Pacific and Latin America, are seeing a surge in infrastructure development, which is fueling the demand for UPR composites in pipes and tank. Rapid industrialization, urbanization, and the need for reliable water and waste management systems are driving infrastructure projects that require durable and cost-effective piping systems. In countries like India, China, and Brazil, the adoption of UPR composites in water treatment, irrigation systems, and industrial pipelines is increasing. As these regions continue to grow, the UPR composites market is expanding to meet the needs of diverse industries in developing economies.
• Integration of Smart Technologies in UPR Composites: The integration of smart technologies into UPR composites is an emerging trend that aims to enhance the functionality of pipes and tank. Sensors embedded within the composite materials can monitor conditions such as pressure, temperature, and chemical exposure in real time. This enables predictive maintenance, improving the safety and efficiency of industrial systems. For example, UPR composite tank used in the chemical industry can alert operators to any potential failures before they occur, reducing the risk of costly downtime or safety incidents. This trend is expected to play a key role in the future of industrial asset management and automation.
These five trends highlight the evolving landscape of the UPR composites in pipes and tank market. As industries continue to prioritize performance, sustainability, and technological innovation, UPR composites are well-positioned to meet the growing demands of modern infrastructure. The combination of improved material properties, eco-friendly solutions, and cutting-edge technologies will drive future growth in this market.
Recent Developments in the Unsaturated Polyester Resin Composites in Pipe and Tank Market
The UPR composites in pipes and tank market is undergoing a phase of transformations and new developments that look into the rising need for materials of high performance across several industries. Such improvements target advancement of material properties, fabrication methods, and sustainability.
• Development of Eco-friendly Formulations: Over the last few years, there has been an increase in stimulative development of so-called “green” UPR composites based on alternative raw materials and recyclable. This change is in tune with the sustainable strategies being encouraged in the world and government policies making these materials attractive to eco-sensitive industries without compromise.
• Improved Chemical Resistance: The last few years have seen formulation of UPRs with better improved chemical resistance which has entailed to most uprise in application of these UPR formulations in active chemical environments such as chemical plants and oil storage. This development enhances the durability and effectiveness of pipes and tank, helping to provide solutions to rigorous requirements.
• Advanced Manufacturing Techniques: Advanced manufacturing techniques including sectional production systems such as automated filament winding and pultrusion improved the speed and reliability of UPR composite production. These processes allow manufacturers to achieve high performance, long-lasting products, whilst reducing resource and labor expenditure.
• Increased Focus on Recycling: An increasing trend is being registered in today’s market about the innovative recycling of UPR composites. Businesses are creating systems that recover and reprocess plastic composite materials to minimize waste in adherence to the tenets of circular economy. Such orientation is seen as appropriate and progressive considering the need to comply with legislation and consumer expectations for environmentally friendly products.
• Smart Composite Technologies: The inclusion of smart technologies like embedded sensors in UPR composites is on the rise. These technologies permit monitoring the structural health of the construction in real-time and hence improve the safety and reliability of the oil and gas applications that demand such performance.
These developments are making changes in the UPR composites market for pipes and tank that will accelerate innovation and sustainable development of the material while increasing its performance in various applications.
Strategic Growth Opportunities for Unsaturated Polyester Resin Composites in Pipe and Tank Market
There are numerous opportunities for growth in the UPR composites in pipes and tank market for spanning from several key applications. Almost every industry is looking for materials that are strong, light in weight and are eco-friendly. The existence of these opportunities is therefore essential for those who want to take advantage of developing markets.
• Water Treatment Applications: The growing requirement for effective water treatment solutions is an area that offers UPR composites an opportunity. Due to their ability to withstand corrosion, and their overall composite durability, they are perfect for water storage tank as well as water piping systems. As issues on water scarcity globally increase, the growing concern for reliable infrastructure will create demand for UPR composite products.
• Chemical Processing Industries: The UPR composites are gradually being used in the chemical processing industry on account of their improved chemical resistance properties. This area of growth is most relevant in applications that involve the use of scalding liquids and corrosive substances. This demand can be taken care of by developing formulations that are required for these environments.
• Oil and Gas Sector: UPR composites have considerable growth potential in the oil and gas sector in the perspective of tank and piping systems. By aiming at weight saving and corrosion resistance improvements, UPR composites can increase the safety and efficiency of operations. As the level of exploration and production activities increases, the demand for reliable composite materials will also increase.
• Infrastructure Development: Global expenditures on infrastructure development with special emphasis on developing countries call for the development of lightweight and long-lasting piping systems. UPR composites would help deliver these expectations, notably on construction work where there is a need for basic and durable materials. This trend can be exploited by delivering composite materials targeted at large infrastructure projects.
• Uses on a Marine Environment: The marine sector is becoming aware of the positive effects of UPR composites in such areas as production of boat hulls and offshore structures. The materials are lightweight and resistant to corrosion making them ideal for waterways. With the increasing need for cost-effective and high-performance materials in maritime activities, UPR composites have the potential to play a game-changing role.
These strategic growth opportunities are important in expanding the UPR composites in pipes and tank market, as this depicts the versatility of the material and its relevance with current industry requirements.
Unsaturated Polyester Resin Composites in Pipe and Tank Market Driver and Challenges
The UPR composites in pipes and tank market 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.
the UPR composites market in pipes and tank market 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 pipes and tank composites market chemical as made of unsaturated polyester resin composites (UPR) is poised to experience several transformations due to the rising interest in reliable, lightweight, and anti-corrosion materials for example in the water treatment works, chemical, oil, and gas industries. Due to advances in composite materials technology and the focus on eco- friendly materials, UPR composites are becoming more functional and versatile. The United States, China, Germany, India and Japan are developing in this direction, which indicates progress in manufacturing, legislation aspects and ecology.
• United States: UPR composites are used in applications of filtering and storage of the treated water in the United States. Current trends seem to include the application of new hybrid fabrication saleable solutions such as pultrusion and filament winding for pipes and tank localization. In addition, bio based UPR composite resins have been developed and marketed in the US that complies with low VOC guidelines. The interaction of scientific, domestic and foreign corporations with research institutes is also speeding up the development of innovation in composite materials.
• China: China industrialization and infrastructure expansion are factors that have positively impacted the development of advancements in UPR composites for pipes and tank. The country seeks to improve the chemical resistance and mechanical properties of UP polymers making them applicable in fields such as chemical processing and oil storage. Green technologies promoted by the government has made the manufacturers opt for these sustainable practices and come up with biocompatible UPRs. Further, growing capital expenditure on the automated production technology is enhancing workflow and bringing down costs.
• Germany: Germany offers great trade possibilities representing an upper hand in regards to new developments in UPR composite manufacturing with special attention to products for pipes and tank intended for chemical petrochemical industries. Recent developments made include the modification of formulations for UPR composites to improve their heat-resistance performance. The German market is catching on with the global trend of sustainability by promoting the recycling and reusing of composite materials. Academic institutions and industry in the UK are working towards advanced composite technology research for improved and sustainable production processes.
• India: India UPR composites market is extremely promising and is witnessing rapid development in areas such as water management and chemical storage. A lot of recent work has focused on both the production cost and wizardry improvement of UPR composites. The Indian government is also encouraging the construction of infrastructure catering for the mushrooming smart city projects and this increases the demand for light and strong composite materials. Manufacturers are also looking for UPR resins which are nalos low toxic and ecofriendly to the market requirements.
• Japan: Japan is augmenting the UPR composites pipe & tank market by utilizing its technological ideas. Recent developments include revenues directed toward anti corrosive, mechanical, and the like improvement for underwater and marine concerns. The Japanese market is well expanding towards the embedding of smart devices into composites e. sensors for fabrication integrity monitoring. Also, joint research activities within the framework of the UPRATLANTICO project are aimed at the search for alternatives to destructive technologies and eco-friendly production of UPR.
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.
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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.