The global unsaturated polyester resins market is
anticipated to witness a steady growth curve over the coming years.
According to a report by Transparency Market Research (TMR), the
market is predicted to progress at a swift pace. Due to high demand
form varied end-utility applications and industries, prominent
vendors are expected to venture into mergers and acquisition for
improved product portfolios. Companies are expected to research into
the arena of superior recycling methods and processing technology.
Some of the key participants of the global unsaturated polyester
resin market are Nuplex Industries Ltd., Polynt-Reichhold Group,
U-Pica Company Ltd., Royal DSM and BASF SE.
The global unsaturated polyester resins market was
valued at US$5,744.3 mn and is prognosticated to rise at a CAGR of
5.0% from 2017 to 2022. Expanding at this pace, the market is likely
to reach a valuation of US$7,339.9 mn by the end of the forecast
period.
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APEJ to Emerge as Leading Regional Segment due
to Industrial Demand
The prominent product types of unsaturated
polyester resins are, isophthalic resins, dicyclopentadiene (DCPD)
resins and orthophthalic resins. Of these, the segment of isophthalic
resins held a significant revenue share in 2017 and is expected to
witness higher growth during the forecast period. As compared to
other resins, this segment is increasingly being preferred in the
composite or fiber glass industry on account of their markedly
amazing flexibility, higher strength, and better chemical resistance.
Geographically, the APEJ unsaturated polyester
resins market presently is responsible for lion’s share of the
global market revenue. The regional market is anticipated to exhibit
a CAGR of 5.3% CAGR during 2017–2022 and is projected to be worth
US$ 3,085.8 mn by the end of the forecast period over the forecast
duration. This region is driven by progressing applications in
various end-use industries such as marine, automotive, and
infrastructure development. In recent years, various countries, such
as China, have improved their overall production capacity for these
polymers. The surge in sale of unsaturated polyester resins-based
composites in several end-utility industries in the region is a vital
factor determinant acting in the regional market growth.
Construction Industry to Offer Rich Growth
Opportunities
Developing interest for protection against
erosion, light weight, adaptability, and solid FRP products is the
real driver for UPR in the development business. The pipe and tank
fragment is relied upon to rise as the second most noteworthy market
by volume and value on account of the construction segment. UPR is
utilized by the development business for assembling
fiber-strengthened plastic (FRP), simulated stones, marbles, rocks,
and putties. Expanded ventures from the rising economies towards the
change and improvement of the infrastructure segment and the
development of the construction industry.
Vinyl ester resins have turned into a hot research
field in the Chinese unsaturated polyester gum industry. With the
rapid growth in desulfurization of energy plants and clean disposal,
interest for vinyl ester resins will keep on being a main thrust for
growth in the coming years.
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This review is based TMR’s report titled,
“Unsaturated Polyester Resins Market (Product Type - Orthophthalic
Resins, Isophthalic Resins, and Dicyclopentadiene (DCPD) Resins; End
User- Electrical, Transport, Artificial Stone/Marble, Resins, Tanks,
Pipes, Scrubbers, and Pipe re-lining, and Building and Construction)
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2017 - 2022.”Top of Form
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