Unsaturated Polyester Resin Market to Reach USD 10.48 Bn by 2019: TMR
Transparency Market Research has published a new report analyzing the global unsaturated polyester resin market, titled ‘Unsaturated Polyester Resin Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019’. The report estimates that rising demand from the construction industry will enable the unsaturated polyester resin market to improve upon its 2012 valuation, US$6.54 billion, to reach a market value of US$10.48 billion by 2019, at a CAGR of 7.5%.Unsaturated polyester resin has various applications in the construction industry. The market suffered as a result of the 2008 recession, but the post-recession boom for the construction industry is expected to aid the unsaturated polyester resin market during the report’s forecast period.The report looks into the global unsaturated polyester resin market according to product type, end-use application, and geographical distribution. The markets for four types of unsaturated polyester resin are analyzed: orthopthalic, isopthalic, DCPD resins, and other types such as vinyl ester resins. Of these, orthopthalic resins account for 35% of the market. They are growingly in demand from the construction industry, which will help maintain their dominant share in the unsaturated polyester resin market. The marine and transportation industries are also expected to become major consumers of orthopthalic polyester resin.Unsurprisingly, the construction industry has the highest demand for unsaturated polyester resin, taking up 25% of the global market. The rapid expansion of the construction industry in developing economies such as the BRIC countries as well as numerous South Asian countries is expected to help maintain the construction industry’s dominant market share in unsaturated polyester resin. Tanks and pipes are the other dominant application of unsaturated polyester resin; this industry is expected to expand along with the construction industry. Other applications of unsaturated polyester resin include the transportation, marine, and artificial stone industries, and other industries such as aerospace and wind energy.
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