Unsaturated Polyester Resin Market

Unsaturated Polyester Resin Market (DCPD, Orthophthalic, Isophthalic, and Others) for Tanks & Pipes, Building & Construction, Electrical, Marine, Transport, Artificial Stones and Other End-users - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Asia Pacific Unsaturated Polyester Resin Market: Snapshot

These increasing application of resins in the manufacturing of products such as sheet molding materials, gel coats, electrical wires, automotive body parts, marine components, artificial stone, and cement composites is expected to propel the Asia Pacific market for unsaturated polyester resin. Unsaturated polyester resin is produced by condensation of various raw material such as unsaturated polyols, anhydrides, and acids. Processing of these resins also includes the usage of various other materials such as fillers, surfactants, stabilizers, and initiators. This chemical compounds provide improved stability to the finished product and have good crosslinking properties. Unsaturated polyester resins are finding their applications in various sectors owing to their strong chemical and heat resistance, good fatigue limits, and high tensile strength. 

It is estimated that the Asia Pacific unsaturated polyester resin market will reach US$ 7.45 Bn by the end of 2023, from its initial valuation of US$ 3.98 Bn in 2014. The market is projected to expand with a steady CAGR of 7.2% over the forecast period 2015-2023.

Building and Construction Emerges Dominant Due to Increasing Applications of Resins

On the basis of application, the unsaturated polyester resin market in Asia Pacific can be segmented into artificial stones, transport, marine, electrical, tanks and pipes, and building and construction. Among these, the building and construction segment held dominance in the overall market in 2014. This segment exhibits demand for unsaturated polyester resin for processing of various building materials such as putty, artificial marbles, roofing materials, and concrete. The building and construction end user segment is expected to expand with a steady CAGR of 6% over the period of 2015-2023.

Following the building and construction segment, tanks and pipes emerged as the second largest segment in 2014. The increasing processing of fiber glass composites has fuelled the demand for resins as well. These composites are used in the manufacturing of chemical tanks and pipes due to their high corrosion and heat resistance. On the basis of physical and structural properties, unsaturated polyester resins can be categorized into reinforced and non-reinforced resins. Furthermore, on the basis of chemical composition, these resins can be segregated into vinyl esters, dicyclopentadiene (DCPD), orthophthalic, and isophthalic. Based on product type, the orthophthalic resin emerged as the dominant segment, acconting for 35% share to the Asia Pacific Market in 2014.

Developing Building and Construction Industry to Boost Market in China

Geographically segmented into China, Thailand, Singapore, Malaysia, Indonesia, India, and Rest of Asia Pacific, the Asia Pacific unsaturated polyester resin market is led by China. In 2014, China accounted for over 55% share in the Asia Pacific unsaturated polyester resin market. The rising demand for composite materials and the growth of building and construction industry have enabled China to gain momentum in the Asia Pacific unsaturated polyester resin market.

Following China, India accounted for the second largest share in the market in the year 2014. Rise in marine and automotive activities and the growth in the chemical industry have helped India to gain a significant share in 2014. Other countries such as Thailand, Singapore, Malaysia, and Indonesia, are most likely to generated high revenue for these resins owing to developing transport and building and construction industries. Moreover, Southeast Asia is experiencing significant expansion of the marine industry, especially in pleasure yachts and boats, which is most likely to generate high demand for unsaturated polyester resin.

The prominent players in this market are constantly focusing on employing low cost methods for the productions of resins. Some of the key players operating in the unsaturated polyester resins market for Asia Pacific are Singapore Highpolymer Chemical Products Pte Ltd., Tianhe Resin Co., Ltd., Changzhou New Solar Co., Ltd., and PT Justus Sakti Raya.

     
    Chapter 1 Preface
    1.1 Research description
    1.2 Market Segmentation
          1.2.1 Asia Pacific Unsaturated Polyester Resin Market Segmentation, by Product, End-user, and Region
    1.3 Research scope
    1.4 Research methodology
          1.4.1 Assumptions
          1.4.2 Abbreviations
     
    Chapter 2 Executive Summary
    2.1 Asia Pacific Unsaturated Polyester Resin Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
     
    Chapter 3 Unsaturated Polyester Resin Market – Asia Pacific Industry Analysis
    3.1 Introduction
    3.2 Value Chain Analysis
    3.3 Market Drivers
          3.3.1 Asia Pacific Building & Construction Market to Drive Demand for Unsaturated Polyester Resin
                  3.3.1.1 Asia Pacific Building and Construction Market Revenue, 2013 – 2023 (US$ Bn)
          3.3.2 Growing Usage of Composite Materials to Propel Growth of Unsaturated Polyester Resin Market in Asia Pacific
                  3.3.2.1 Asia Pacific Composite Materials End-user Market Share, 2014
                  3.3.2.2 Asia Pacific Composite Materials Market, by Volume, 2014 – 2023, (Kilo Tons)
    3.4 Market Restraints
          3.4.1 Impact of Raw Material Prices on End Products
    3.4.1.1 Asia Pacific Raw Material Prices, Historical Data, 2004 – 2014 (US$/Ton)
          3.4.2 Environmental Regulations Related to Raw Materials for Unsaturated Polyester Resin
    3.5 Market Opportunities
          3.5.1 Development of Marine and Wind Energy Industries in ASEAN and Rest of Asia Pacific
    3.6 Porter’s Five Forces Analysis
          3.6.1 Bargaining Power of Suppliers
          3.6.2 Bargaining Power of Buyers
          3.6.3 Threat of New Entrants      
          3.6.4 Threat of Substitutes
          3.6.5 Degree of Competition
    3.7 Unsaturated Polyester Resin: Market Attractiveness Analysis
    3.7.1 Asia Pacific Unsaturated Polyester Resin: Market Attractiveness Analysis
    3.8 Unsaturated Polyester Resin: Company Market Share Analysis
     
    Chapter 4 Unsaturated Polyester Resin Market–Raw Material and Price Trend Analysis
    4.1 Raw Material Analysis – Manufacturing/Raw Material Extraction Process
    4.2 Raw Material Price Trends - 2014 – 2023 (US$/Ton)
    4.3 Unsaturated Polyester Resin, Price Trends, 2014 – 2023 (US$/Ton)
     
    Chapter 5 Unsaturated Polyester Resin Market – Asia Pacific Product Segment Analysis
    5.1 Unsaturated Polyester Resin Market: Product Segment Overview
          5.1.1 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by Product Segment, 2014 and 2023
    5.2 Dicyclopentadiene (DCPD)
          5.2.1 Asia Pacific Dicyclopentadiene Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
    5.3 Orthophthalic
          5.3.1 Asia Pacific Orthophthalic Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
    5.4 Isophthalic
          5.4.1 Asia Pacific Isophthalic Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
    5.5 Others (including vinyl ester)
          5.5.1 Asia Pacific Other Resin Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
     
    Chapter 6 Unsaturated Polyester Resin Market – Asia Pacific End-User Analysis
    6.1 Unsaturated Polyester Resin Market: End-User Overview
          6.1.1 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by End-User, 2014 & 2023
    6.2 Tanks & Pipes
          6.2.1 Asia Pacific Unsaturated Polyester Resin Market in Tanks & Pipes, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.3 Building & Construction
          6.3.1 Asia Pacific Unsaturated Polyester Resin Market in Building & Construction, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.4 Electrical
          6.4.1 Asia Pacific Unsaturated Polyester Resin Market in Electrical, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.5 Marine
          6.5.1 Asia Pacific Unsaturated Polyester Resin Market in Marine, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.6 Transport
          6.6.1 Asia Pacific Unsaturated Polyester Resin Market in Transport, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.7 Artificial Stones
          6.7.1 Asia Pacific Unsaturated Polyester Resin Market in Artificial Stones, 2014 - 2023 (Kilo Tons) (US$ Mn)
    6.8 Others (Including Aerospace and Wind Energy)
          6.8.1 Asia Pacific Unsaturated Polyester Resin Market in Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)
     
    Chapter 7 Unsaturated Polyester Resin Market - Asia Pacific Country Analysis
    7.1 Asia Pacific Unsaturated Polyester Resin Market: Country Overview
          7.1.1 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by Country, 2014 & 2023
    7.2 China
          7.2.1 China Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.2.2 China Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
          7.2.3 China Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.2.4 China Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    7.3 India
          7.3.1 India Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.3.2 India Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
          7.3.3 India Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.3.4 India Unsaturated Polyester Resin Market Revenue, by End-User, 2014 - 2023 (US$ Mn)
    7.4 Indonesia
          7.4.1 Indonesia Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.4.2 Indonesia Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
          7.4.3 Indonesia Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.4.4 Indonesia Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    7.5 Malaysia
          7.5.1 Malaysia Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.5.2 Malaysia Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
          7.5.3 Malaysia Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.5.4 Malaysia Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    7.6 Singapore
          7.6.1 Singapore Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.6.2 Singapore Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
          7.6.3 Singapore Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.6.4 Singapore Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    7.7 Thailand
          7.7.1 Thailand Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
          7.7.2 Thailand Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)      
          7.7.3 Thailand Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.7.4 Thailand Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    7.8 Rest of Asia Pacific
          7.8.1 Rest of Asia Pacific Unsaturated Polyester Resin Market, Volume by Product segment, 2014 - 2023 (Kilo Tons)
          7.8.2 Rest of Asia Pacific Unsaturated Polyester Resin Market, Revenue by Product segment, 2014 - 2023 (US$ Mn)
          7.8.3 Rest of Asia Pacific Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
          7.8.4 Rest of Asia Pacific Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
     
    Chapter 8 Company Profiles
    8.1 Changzhou New Solar Chemical Co., Ltd.
    8.2 Kemrock Industries and Exports Limited
    8.3 Luxchem Corporation Berhad
    8.4 PT. Arindo Pacific Chemicals
    8.5 PT Justus Sakti Raya
    8.6 PT. Pardic Jaya Chemicals
    8.7 PT Platinum Resins Indonesia
    8.8 Showa Denko Singapore Pte Ltd
    8.9 Singapore Highpolymer Chemical Products Pte Ltd (SHCP)
    8.10 Thai Polyset Co., Ltd.
    8.11 Tianhe Resin Co., Ltd.
     
    Chapter 9 Primary Research – Key Findings
    9.1 Primary Research
    List of Tables
     
    TABLE 1 Asia Pacific Unsaturated Polyester Resin Market Snapshot
    TABLE 2 Drivers for Unsaturated Polyester Resin Market: Impact Analysis
    TABLE 3 Restraints For The Unsaturated Polyester Resin Market: Impact Analysis
    TABLE 4 Restraints For Unsaturated Polyester Resin Market: Environmental Regulations
    TABLE 5 China Unsaturated Polyester Resin Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 6 China Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
    TABLE 7 China Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 8 China Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 9 India Unsaturated Polyester Resin Market Volume, by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 10 India Unsaturated Polyester Resin Market, Revenue by Product segment, 2014 - 2023 (Kilo Tons)
    TABLE 11 India Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 12 India Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 13 Indonesia Unsaturated Polyester Resin Market Volume, by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 14 Indonesia Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
    TABLE 15 Indonesia Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 16 Indonesia Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 17 Malaysia Unsaturated Polyester Resin Market Volume, by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 18 Malaysia Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
    TABLE 19 Malaysia Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 20 Malaysia Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 21 Singapore Unsaturated Polyester Resin Market Volume, by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 22 Singapore Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
    TABLE 23 Singapore Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 24 Singapore Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 25 Thailand Unsaturated Polyester Resin Market Volume, by Product Segment, 2014 - 2023 (Kilo Tons)
    TABLE 26 Thailand Unsaturated Polyester Resin Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
    TABLE 27 Thailand Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 28 Thailand Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)
    TABLE 29 Rest of Asia Pacific Unsaturated Polyester Resin Market Volume, by Product segment, 2014 - 2023 (Kilo Tons)
    TABLE 30 Rest of Asia Pacific Unsaturated Polyester Resin Market, Revenue by Product segment, 2014 - 2023 (US$ Mn)
    TABLE 31 Rest of Asia Pacific Unsaturated Polyester Resin Market, Volume by End-User, 2014 - 2023 (Kilo Tons)
    TABLE 32 Rest of Asia Pacific Unsaturated Polyester Resin Market, Revenue by End-User, 2014 - 2023 (US$ Mn)

    List of Figures 

     

    FIG. 1 Asia Pacific Unsaturated Polyester Resin Market Segmentation, by Product, End-user, and Region

    FIG. 2 Asia Pacific Unsaturated Polyester Resin Market, 2014 – 2023 (Kilo Tons) (US$ Mn)

    FIG. 3 Unsaturated Polyester Resin: Value Chain Analysis

    FIG. 4 Asia Pacific Building and Construction Market Revenue, 2013 – 2023 (US$ Bn)

    FIG. 5 Asia Pacific Composite Materials End-user Market Share, 2014

    FIG. 6 Asia Pacific Composite Materials Market, by Volume, 2014 – 2023, (Kilo Tons)

    FIG. 7 Asia Pacific Raw Material Prices, Historical Data, 2004 – 2014 (US$/Ton)

    FIG. 8 Porter’s Five Forces Analysis

    FIG. 9 Unsaturated Polyester Resin: Market Attractiveness Analysis

    FIG. 10 Asia Pacific Unsaturated Polyester Resin: Company Market Share Analysis, 2014

    FIG. 11 Unsaturated Polyester Resin: Method of Production

    FIG. 12 Raw Material Price Trends, 2014 – 2023(US$/Ton)

    FIG. 13 Asia Pacific Unsaturated Polyester Resin, Price Trends, 2014 – 2023, US$/Ton

    FIG. 14 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by Product Segment, 2014 and 2023

    FIG. 15 Asia Pacific Dicyclopentadiene Market, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 16 Asia Pacific Orthophthalic Market, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 17 Asia Pacific Isophthalic Market, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 18 Asia Pacific Other Resin Market, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 19 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by End-User, 2014 & 2023

    FIG. 20 Asia Pacific Unsaturated Polyester Resin Market in Tanks & Pipes, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 21 Asia Pacific Unsaturated Polyester Resin Market in Building & Construction, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 22 Asia Pacific Unsaturated Polyester Resin Market in Electrical, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 23 Asia Pacific Unsaturated Polyester Resin Market in Marine, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 24 Asia Pacific Unsaturated Polyester Resin Market in Transport, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 25 Asia Pacific Unsaturated Polyester Resin Market in Artificial Stones, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 26 Asia Pacific Unsaturated Polyester Resin Market in Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)

    FIG. 27 Asia Pacific Unsaturated Polyester Resin Market Volume Share, by Country, 2014 & 2023

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