Pune, India -- (SBWire) -- 07/11/2018 --Global Unsaturated Polyester Resins Market report provides an outlook for current market value as well as the expected growth of Global Unsaturated Polyester Resins Market during 2018-2025. The whole supply chain of Global Unsaturated Polyester Resins Market has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Global Unsaturated Polyester Resins Market, together with the recent developments have been given here to provide an exhaustive picture of this market.
Global Unsaturated Polyester Resins Market accounted for USD 9.31billion in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024.
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Major Market Drivers:
- Growth in construction and wind energy industries
- Growth in FRP, automotive, and composites manufacturing industries
- Advantages of unsaturated polyester resins as compared to others resins
Global Unsaturated Polyester Resins Major Market Competitors:
Some of the major players in unsaturated polyester resins market include
- AOC Resins,
- Ashland Inc.,
- BASF SE,
- DuPont,
- CCP Composites,
- DSM,
- Scott Bader Company Ltd.,
- SABIC Innovative Plastics Holding BV,
- Eternal Chemical Co. Ltd.,
- Changzhou Yabang Chemical Co. Ltd (New Solar Co. Ltd.),
- Reichhold Inc.,
- Lanxess AG and many more.
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Global Unsaturated Polyester Resins Market, By Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, Other Resins); By End-user (Building & Construction, Artificial Stones, Pipes & Tanks, Transport, Electrical, Marine, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Market Definition: Global Unsaturated Polyester Resins Market
Unsaturated polyester resins (UPRs) are synthetic resins formed by the reaction of a dibasic organic acid and a polyhydric alcohol. UPRs are thermoset resins that are capable of being recovered from a liquid or solid state. The latest trend in this market is high demand of UPRs in construction and wind energy sectors. This product is considered to beeconomical than other resins. There is growing demand of unsaturated polyester resins for applicationssuch as building & construction, artificial stones, pipes & tanks, transport, electrical, marine and others.
Market Segmentation:
The unsaturated polyester resinsmarket is segmented on the basis of type into orthophthalic resins, isophthalic resins,dicyclopentadiene (DCPD) resins, and other resins.
On the basis of end-user, the market is segmented intobuilding & construction, artificial stones, pipes & tanks, transport, electrical, marine and others.
On the basis of geography, the unsaturated polyester resinsmarket report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.dominate the market.
Competitive Landscape:
The global unsaturated polyester resins market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Unsaturated Polyester Resins Market by Full in-Depth Analysis with Top Competitors Like AOC Resins, Ashland Inc., BASF SE, DuPont, CCP Composites, DSM, Scott Bader Com
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.