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Unsaturated Polyester Resin Market Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020
Upcoming Date: July-2015 Category: Materials and Chemicals
REPORT OVERVIEW Unsaturated Polyester Resins are chemicals manufactured by condensation reaction between acids such as Phthalic Anhydride, Maleic Anhydride, Isophthalic Acid and glycols such as Mono-ethylene Glycol, Propylene Glycol, and Di-ethylene Glycol. This chemical is used in varied industries such as electrical, marine, transport, construction and many more. Lifestyle changes, increasing urbanization and growth in the construction industry are key factors driving this market. Rising demand for pipes and tanks to store chemicals is another crucial factor that is influencing the market. Raw material utilized in manufacturing of unsaturated polyester resin is growing in cost and this is hindering the manufacturing cost, thus limiting the growth of the market. Environmental regulations are other crucial factors restricting growth. Application of unsaturated polyester resin in fiberglass manufacturing is further creating opportunities for application of this chemical. Unsaturated Polyester Resin Product Market Analysis Based on products, global unsaturated polyester market is segmented into Orthopthalic, Isopthalic, DCPD, and Others. At present, Orthopthalic products are used in a large scale; therefore, it dominates the product market. It holds about one third of the product market share in the current market scenario. The demand for this product is expected to remain constant during the forecast period due to its versatility and favorable characteristics that makes it suitable for various applications.
REPORT OVERVIEW Unsaturated Polyester Resin Application Market Analysis The application market is segmented into building and construction electrical, tanks and pipes, transport, marine, artificial stones and others. In the current business scenario, building and construction has a hold on the largest fragment of the market and is the leading application segment. Extensive use of polyester resin in concrete, composites, roofing and reinforcements is the major driving force for the application of this chemical in construction industry. The demand for unsaturated polyester resin in the market is expected to increase during the forecast period, fueled by demand for this chemical in marine applications. Resistance and hydrolytic stability are two key factors that would lead to future growth. Unsaturated Polyester Resin Geography Market Analysis Geographically, this market is segmented into North America, Asia Pacific, Europe and LAMEA. Currently, North America holds the largest share in the global unsaturated polyester resin market. Asia Pacific holds the second position in the global market. However, APAC is expected to witness the fastest growth rate during the forecast period. Key reason for this growth would be the rising demand for unsaturated polyester resin in building and construction industry. Rising demand for tanks and pipes would also assist in its growth.
KEY BENEFITS • Analysis of the unsaturated polyester resin market based on various segments such as products, technology, application and geography is expounded in the report
• To study the various factors that are enhancing and restraining the growth of the market that would help the market players in deeply understanding the market • Qualitative as well as quantitative analysis of the current market conditions coupled with future estimations through 2014-2020 would help stakeholders take strategic and profitable decisions • Geographic analysis of the market would help the companies to plan and take region based decisions • Porter’s five forces model helps to understand the bargaining power of buyers and suppliers and threat of the new entrants • Analysis of the captivating strategies adopted by the market players is conducted and that would assist the stakeholders to take actionable decisions
MARKET BY APPLICATION
Transport Tanks and pipes
Building and Construction Electrical
Marine
MARKET BY APPLICATION
Artificial stones
MARKET BY PRODUCT TYPE
Orthopthalic Isopthalic
DCPD Others
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