Asia Pacific Unsaturated Polyester Resin Market is Likely to Reach US$ 7.45 Bn in 2023
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Unsaturated polyester resins are synthesized by using raw materials such as glycols, phthalic anhydride, and dibasic organic acids. Unsaturated polyester resins are extensively employed in tanks & pipes, building & construction, electrical, marine, transport, artificial stones, and other industries. Building & construction was the largest end-user segment of the unsaturated polyester resin market in Asia Pacific in 2014. However, the marine segment is likely to be the fastest-growing end-user of the unsaturated polyester resin market in Asia Pacific from 2015 to 2023. Orthophthalic resins held majority share of the unsaturated polyester resin market in Asia Pacific in 2014 due to its high tensile strength. The unsaturated polyester resin market is highly fragmented in nature and is expected to face high degree of competition by 2023. There is significant threat of substitutes, such as epoxy resins and polyurethane, in the unsaturated polyester resin market in Asia Pacific.
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This report provides the estimate and forecast for the unsaturated polyester resin market on the regional and country level. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).
The study provides a comprehensive view of the unsaturated polyester resin market by splitting it into product segments such as dicyclopentadiene (DCPD), orthophthalic, isophthalic, and others. The report also segments the unsaturated polyester resin market in Asia Pacific in terms of end-users such as tanks & pipes, building & construction, electrical, marine, transport, artificial stones, and others. End-user segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for unsaturated polyester resin in Asia Pacific. Additionally, country-level analysis with respect to volume and revenue for both product and application segments have been provided in the report. Key countries such as China, India, Indonesia, Malaysia, Singapore, Thailand, and Rest of Asia Pacific are included in the study. The market segmentation includes demand for individual products and end-users in all countries in Asia Pacific.
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The report includes an exhaustive value chain analysis, which provides a comprehensive view of the market. Value chain analysis also provides detailed information about value addition at each stage of the value chain. The report comprises drivers and restraints of the unsaturated polyester resin market along with their impact on demand during the forecast period. Additionally, the report comprises the study of opportunities in the unsaturated polyester resin market on the regional level.
The report includes Porter’s Five Forces Model to determine the degree of competition in the unsaturated polyester resin market in Asia Pacific. The report constitutes a qualitative write-up on market attractiveness analysis, wherein application has been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive general attractiveness of the market. The report includes price trend analysis of raw materials (styrene, maleic anhydride, and ethylene glycol) and unsaturated polyester resin from 2014 to 2023.
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Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.
The report covers a detailed competitive outlook that includes market share and profiles of key participants operating in Asia Pacific. Key players profiled in the report include Changzhou New Solar Co., Ltd., Tianhe Resin Co., Ltd., PT Justus Sakti Raya, PT Platinum Resins Indonesia, Showa Denko Singapore Pte Ltd., Singapore Highpolymer Chemical Products Pte Ltd., Thai Polyset Co., Ltd., Luxchem Corporation Berhad, PT. Arindo Pacific Chemicals, Pt. Pardik Jaya Chemicals, and Kemrock Industries and Exports Limited. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments and acquisitions, and financial overview.
This report segments the unsaturated polyester resin market in Asia Pacific as follows:
Unsaturated Polyester Resin Market - Asia Pacific Product Segment Analysis
Orthophthalic
Isophthalic
DCPD
Others (Including vinyl esters, terephthalic esters, etc.)
Unsaturated Polyester Resin Market – Asia Pacific Application Analysis
Building & construction
Tanks & pipes
Electrical
Marine
Transport
Artificial stones
Others (Including aerospace, wind energy, etc.)
Unsaturated Polyester Resin Market – Asia Pacific Country Analysis
China
India
Indonesia
Malaysia
Singapore
Thailand
Rest of Asia Pacific
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