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#Reflector 2 product key driver#
The major driver for unsaturated polyester resin in the global automotive composites market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
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However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.3 billion by 2026 with a CAGR of 3.7% from 2021 to 2026.
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The unsaturated polyester resin in the global automotive composites market is declined in 2020 due to the global economic recession led by COVID-19. The future of the unsaturated polyester resin (UPR) in the global automotive composites market is attractive with opportunities in various applications, including pickups, closure panels, body panels, fenders, GOR (grille opening reinforcement), heat shields, and headlamp reflectors. 02, 2021 (GLOBE NEWSWIRE) - announces the release of the report "Opportunities and Competitive Analysis of Unsaturated Polyester Resin in the Global Automotive Composites Market". Trends, opportunities, and forecast for unsaturated polyester resin in the global automotive composites to 2026 by application (pick up, closure panels, body panels, fender, GOR, heat shields, headlamp reflectors, and others), material (SMC and BMC), and region (North America, Europe, Asia Pacific and the Rest of the World).