” which is segmented by Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene (DCPD) Resins, and Other Resins), by End-Use Industry Type (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, unsaturated polyester resins market is likely to witness an impressive CAGR of 6.2% during the forecast period. The market for unsaturated polyester resins is lucrative with the rising demand from manufacturing industries of boat and ship building, wind blades, electrical & electronics, windmills, automotive applications, and sanitary ware.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the type, the market has been segmented as orthophthalic resins, isophthalic resins, dicyclopentadiene (DCPD) resins, and others. It is estimated that orthophthalic resins would lead the market in the coming five years, owing to their rich properties, such as cost-effectiveness, durability, and chemical tolerance. They are extensively used in manufacturing of hulls and decks of boats, wind blades, and land transportation components which drive the market globally.
Based on the end-use industry type, the market is segmented as building & construction, land transportation, pipes & tanks, electrical & electronics, wind energy, artificial stones, and others. The building & construction segment is estimated to lead the market during the forecast period. This unprecedented growth is attributed to the rising demand for infrastructural developments in the emerging economies.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is expected to remain the largest market for unsaturated polyester resins in the coming five years, by value and volume. China and India will be the growth engines of the region. The market is driven by the increasing demand for infrastructural developments during the forecast period. North America is also expected to be the largest market in the coming five years.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Unsaturated Polyester Resins Market:
· Reichhold Inc.
· Ashland Inc.
· Koninklijke DSM N.V.
· Polynt Group
· Aoc LLC
· BASF SE
· U-Pica Company Ltd.
· UPC Technology Corp.
· Nuplex Industries Ltd.
· Scott Bader Company Ltd.
Key questions answered by the report
- What is the projected CAGR for revenue from the Unsaturated Polyester Resins Market during the forecast period?
- What would be the market be valued at by 2025?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Unsaturated Polyester Resins Market?
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