A recent market research report published by Transparency Market Research examines the global market for unsaturated polyester resin. The report states that the booming construction industry, especially in the developing regions of the world, will enable the global unsaturated polyester resin market to expand steadily. Post-recession growth of the construction industry in developed regions such as Europe and North America is also boosting the demand for unsaturated polyester resins worldwide.The report states that the market will expand at a healthy 7.5% CAGR over 2013-2019. At this rate, the market will reach a valuation of US$10.48 bn by 2019, from US$6.54 bn in 2012.The report is titled “Unsaturated Polyester Resin Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019,” and is available on the company’s website for sale.
Browse the full Unsaturated Polyester Resin Market By Product Segment (DCPD, Orthopthalic, Isopthalic and Others) For Pipes and Tanks, Building and Construction, Electrical, Marine, Transport, Artificial Stones and Other End-user Segments: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/unsaturated-polyester-resin.html
Unsaturated polyester resins are manufactured through a condensation reaction between dibasic organic acids and polyols. Unsaturated polyester resins are the more widely used resins in the marine and construction industry. Especially in the marine industry, unsaturated polyester resins find manifold applications and by far the majority of workboats, yachts, and dinghies are made from these resins.
The global market for unsaturated polyester resins has been segmented in the report on the basis of three criteria: product type, application, and geography.
Based on product, the market has been segmented into orthopthalic, DCPD (dicyclopentadiene), isopthalic, and other types such as vinyl ester resins. Of these, the segment of orthopthalic resins accounted for a dominant share of 35% in the global market in 2012. This segment has seen heightened demand in the construction industry in the past few years, and will witness steady demand over the report’s forecast period as well. Demand for orthopthalic polyester resin is also projected to rise in transportation and marine industries, enabling the segment sustain its dominant position over the report’s forecast period as well.
The major application areas for unsaturated polyester resin examined in the report include building and construction, electrical, marine, tanks and pipes, transport, artificial stones, and other areas such as wind energy. In 2012, the construction industry accounted for the dominant share of 25% in the global unsaturated polyester resin market, in terms of demand. Over the report’s forecast period as well, the construction industry will continue to be the dominant consumer of unsaturated polyester resin, driven by the swift expansion of the construction industry in South Asian and BRIC countries.
Among the four key regional markets for unsaturated polyester resin, Asia Pacific is projected to surpass its 2012 share of 50% in the global market over the report’s forecast period. The flourishing construction industry will be the primary growth driver for the global unsaturated polyester resin market in the region. The Rest of the World regional segment will also drive demand for unsaturated polyester resin owing to the progressing construction industry.
The report also provides a detailed overview of the competitive scenario of the global unsaturated polyester resin market, wherein business profiles, SWOT analysis, finance-related details, recent developments, and other data pertaining to some of the major vendors in the market have been included.
Some of the major vendors in the market profiled in the report are CCP Composites, BASF SE, Tianhe Resin Co. Ltd., and Ashland Inc.
The market has been segmented as below:
Unsaturated Polyester Resin Market: Product Segment Analysis
- Others (Includes vinyl ester resin, etc.)
Unsaturated Polyester Resin Market: Application Analysis
- Building and Construction
- Tanks and pipes
- Artificial stones
- Others (Includes wind energy, etc.)
Unsaturated Polyester Resin Market: Regional Analysis
- North America
- Rest of the World
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