LONDON, Jan. 14, 2016 /PRNewswire/ -- The unsaturated polyester resins (UPR) are categorized into varied types based on their functionalities, such as orthopthalic, isopthalic, DCPD resins, and others. They possess properties such as high flexibility and good tensile strength. Orthophthalic resins are advantageous in terms of cost, toughness, and chemical resistance as compared to other resins. These resins are readily available and can be easily converted into finished products, thereby meeting the necessary performance demands for varied applications, such as building & construction, automotive/transportation, wind energy, marine, and electrical & electronics industries.
Asia-Pacific is a global leader in the consumption of unsaturated polyester resins and this dominance is expected to continue till 2020. China is the key market in this region, consuming more than half of the demand for unsaturated polyester resins, followed by Japan wherein the consumption is growing steadily. Increase in the consumption of unsaturated polyester resins in building & construction, marine, land transportation, and electrical & electronics have been observed in the Asia-Pacific region, due to continued industrialization and expansion of the manufacturing sector. Continuous growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the UPR industry.
Building & construction and marine are two major end-user applications of unsaturated polyester resins. In the building & construction industry, unsaturated polyester resins are utilized as fiber reinforced plastics, and in artificial marbles, pipes, and tanks. In the marine industry, UPR is used as an important coating material for boats and vessels. Plastic parts in automotive are manufactured by using unsaturated polyester resins.
Wind energy is an upcoming application for UPR, as these materials are widely utilized in the manufacture of wind turbine blades.
This study estimates the market value for unsaturated polyesters resins during the forecast period (2015-2020). As a part of quantitative analysis, the study segments the market by different applications of unsaturated polyester resins at country level, with the current market estimation and forecast till 2020. Major countries covered in this report include China, Japan, India, Brazil, UAE, Germany, the U.K., France, Italy, Spain, Russia, Canada, Mexico, and the U.S. On the basis of type, the market is classified into orthophthalic, isophthalic, DCPD resins, and others. Similarly, by end-user industry this market is classified into building & construction, marine, automotive/transportation, artificial stones, wind energy, and pipes and tanks.
Further as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, burning issues, and challenges.
It also discusses competitive strategies adopted by different market players, such as The Dow Chemical Company (U.S.), BASF (Germany), AOC LLC (U.S.), Polynt (Italy), and Reichhold Industries Inc. (U.S.).
With the given market data, MarketsandMarkets offers customizations as per the company's specific needs.
The following customization options are available for the report:
- Further breakdown of other Asian markets such as South Korea
- Company information
- Detailed analysis and profiling of additional market players (Up to 3)
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This report covers these key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving this market
- What are the challenges that impact market growth
- Who are the key players in this market
- Global report covers key geographies such as North America, Europe, and Asia-Pacific with their major countries
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