ALBANY, New York, January 14, 2016 /PRNewswire/ --
The global unsaturated polyester resin market has benefitted massively from the rapidly developing construction industries around the world. The escalating demand registered by the construction industry is expected to propel the value of the unsaturated polyester resin market from US$6.54 billion in 2012 to an estimated market value of US$10.48 billion by the end of 2019. Based on these figures, the market is expected to exhibit positive growth at a CAGR of 7.5% from 2013 to 2019, according to Transparency Market Research, a leading U.S-based market research firm.
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The expansion of the building and construction industry globally, due to the increasing global population and lifestyle changes brought about by urbanization, especially in BRIC countries, will greatly contribute to the growth of the global market for unsaturated polyester resins. The market will also gain from the high demand for unsaturated polyester resins registered by the chemical industry. Despite having strong growth factors by its side, volatility in prices of raw materials such as glycols, maleic anhydride, styrene, and pthalic anhydride will check the expansion of the market to an extent. Nevertheless, growing scope of application in sectors such as fiberglass, together with increasing demand from the marine industry, is likely to boost market opportunities for unsaturated polyester resins in the near future.
In 2012, the building and construction industry contributed to more than 20% of the global unsaturated polyester resin market in terms of demand. Rapid urbanization, infrastructural development in BRIC and other emerging economies, and changing lifestyle preferences of a growing global population will augment the demand for construction activities, which in turn will translate into rising demand for unsaturated polyester resins. Furthermore, the hydrolytic stability and heat resistance of unsaturated polyester resins has increased its application in pipes and tanks, which is anticipated to fuel the unsaturated polyester resin market in the next couple of years.
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The report looks into the global unsaturated polyester resin market according to product type, end-use application, and geographical distribution. The markets for four types of unsaturated polyester resin are analyzed: orthopthalic, isopthalic, DCPD resins, and other types such as vinyl ester resins. Of these, orthopthalic resins account for 35% of the market. They are growingly in demand from the construction industry, which will help maintain their dominant share in the unsaturated polyester resin market. The marine and transportation industries are also expected to become major consumers of orthopthalic polyester resin.
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The market has been segmented as below:
Unsaturated Polyester Resin Market: Product Segment Analysis
- Others (Includes vinyl ester resin, etc.)
Product-based Segmentation: Orthopthalic Polyester Resins to Register Highest Demand
Unsaturated polyester resins are obtained from the condensation reaction between dibasic organic acids and polyols. Based on product type, unsaturated polyester resins can be segmented into isopthalic, orthopthalic, DCPD, and others. Of these, orthopthalic polyester resins were the most consumed resin in the market in 2012. The segment accounted for 35% of total unsaturated polyester resin consumption worldwide. The demand for orthopthalic polyester resins will continue to grow during the next few years, while the market for isopthalic and DCPD unsaturated polyester resins will register sustainable growth during the same period.
Dicyclopentadiene (DCPD) Market: http://www.transparencymarketresearch.com/dicyclopentadiene-market.html
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
Asia Pacific to Lead Global Unsaturated Polyester Resin Market
According to geographical distribution, Asia Pacific led the global unsaturated polyester resin market. In 2012, the region accounted for over 50% of the global market. Rapid development of the construction industry in India and China will significantly aid the unsaturated polyester resin market in the region. Increasing urbanization in Asia Pacific will fuel the market in the region for the remainder of this decade. Regulations imposed in Europe will hamper demand for polyester resin semiconductors from the continent and the Europe market will gradually lose market share over time.
Asia Pacific Unsaturated Polyester Resin Market: http://www.transparencymarketresearch.com/asia-pacific-unsaturated-polyester-resin-market.html
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SOURCE Transparency Market Research