Table of Contents
(UPR) market looks promising with good opportunities in various end use industries, such as construction, pipe and tank, and transportation. The global unsaturated polyester resin market is forecast to grow at a CAGR of 5.0% from 2015 to 2020. The major drivers of growth for this market are continuous growth in construction and infrastructure development. An increase in use of pipes and tanks in construction of water supply systems and development of sewage treatment and chemical applications are additional factors contributing to the accelerated growth of the UPR industry.
On the basis of comprehensive research, Lucintel predicts that construction is likely to remain as the largest segment during the forecast period. Growing demand for corrosion resistance, light weight, flexibility, and durable FRP products is the major driver for UPR in the construction industry. The pipe and tank segment is expected to emerge as the second highest market by value and volume consumption after the construction segment. The growth of chemical and water/waste water industries is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain as the largest market during the forecast period due to growth in end use segments. Asia Pacific and Rest of the World are expected to grow significantly by virtue of the growing construction and pipe & tank segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.
The report suggests regional expansion in growing regions to tap the local market potentials, joint ventures with local players, innovation, and new product development as the key strategies adopted by major companies in the UPR industry. The report further suggests that companies are opting for merger and acquisition initiatives for driving growth. The emerging trend in the UPR industry, which has a direct impact on the dynamics of the industry, is avoiding the usage of styrene as the major raw material for manufacturing UPR because it is hazardous for health. Ashland Inc., AOC LLC, Polynt Composites, Showa Denko, and Royal DSM are among the major suppliers of unsaturated polyester resins.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the unsaturated polyester resin market by end use industry and region and has come up with a comprehensive research report, “Global Unsaturated Polyester Resin Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategies, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global glass fiber market through 2020, segmented by end use industry and region as follows:
By end use industry (volume (million pounds /kiloton) and $ million shipment from 2009 to 2020)-
Pipe and Tank
Electrical and Electronics
By region (volume (million pounds /kiloton) and $ million shipment from 2009 to 2020)-
Rest of the World
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
The dynamics of the unsaturated polyester resin industry extend beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities, as well as the macroeconomic forces at work that affect the market.
The market size and growth rates of the global UPR industry market in term of value and volume Market for UPR used in FRP and non-FRP applications UPR market breakdown by applications such as transportation, construction, consumer goods, marine, wind energy, and gelcoats. UPR market breakdown by region such as North America, Europe, Asia and ROW Market outlook and global trends in transportation, marine, construction, wind energy and other market-segments. Requirements and challenges of various market segments Global UPR market trend (2009-2014) and forecast (2015-2020) by application and region in terms of value and volume Driving factors for the growth in the various applications Growth opportunities and emerging trend for Global UPR market
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