According to a new report published by Transparency
Market Research "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", the global demand for unsaturated polyester resin
was valued at USD 6.54 billion in 2012 and is expected to reach USD 10.48
billion in 2019, growing at a CAGR of 7.5% between 2013 and 2019. In terms of
volume, the demand was 4,305.6 kilo tons in 2012.
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Increasing urbanization, changing lifestyles and
growing building and construction industry are some of the factors driving the
demand for unsaturated polyester resin. The development of building and
construction industry in China and India is expected to be one of the vital
factors driving the demand for unsaturated polyester resin over the next few
years. In addition, growth of the tanks and pipes industry due to rising demand
from chemical industry is expected to fuel the growth of the market within the
forecast period. However, raw material prices and environmental regulations are
expected to restrain the growth of the market in the near future. Increasing
application scope of unsaturated polyester resin in the fiberglass market
coupled with growing demand for unsaturated polyester resin in the artificial
stone market is expected to open opportunities for the growth of the market
over the next few years.
Orthopthalic were the most widely used unsaturated
polyester resins and accounted for around 35% of the global demand in 2012.
Owing to its versatility and resistance characteristics, the demand for
unsaturated polyester resin is expected to be substantially higher over the
forecast period. However, DCPD grade resins are expected to show the fastest
growth over the next few years owing to their growing demand from marine and
transport sector.
Building and construction accounted as the largest
application segment for unsaturated polyester resin in 2012. Unsaturated
polyester resins are being increasingly used in roofing, reinforcement,
concrete and composites. However, the demand for unsaturated polyester resin is
expected to be growing from the marine applications market within the forecast
period. Growing demand for unsaturated polyester resin in marine is due to its
resistance and hydrolytic stability and is expected to drive unsaturated
polyester resin market in next few years. Unsaturated polyester resin demand in
marine market is expected to be 515.5 kilo tons by 2019.
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Asia Pacific dominated the unsaturated polyester
resin market in 2012 followed by North America owing to the growth of building
and construction industry. Asia Pacific is expected to witness the highest
growth within the forecast period on account of increasing usage of building
and construction and tanks and pipes industry. The demand for unsaturated
polyester resin in Asia Pacific is expected to grow at a CAGR of 6.0% between
2013 and 2019.
The report gives a comprehensive view of the
unsaturated polyester resin market in terms of volume and revenue. In addition,
the report includes current demand analysis and forecast for each product and
application in North America, Europe, China, Asia Pacific and Rest of the
World. The report comprises of the following segments:
Unsaturated
Polyester Resin Market: Product Segment Analysis
·
Orthopthalic
·
Isopthalic
·
DCPD
·
Others (Includes
vinyl ester resin,etc.)
Unsaturated
Polyester Resin Market: Application Analysis
·
Building and
Construction
·
Tanks and pipes
·
Electrical
·
Marine
·
Transport
·
Artificial
stones
·
Others (Includes
wind energy,etc.)
Unsaturated
Polyester Resin Market: Regional Analysis
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the
World
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Chemical & Materials Market Research Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html
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