Unsaturated Polyester Resin Market for lectrical, Marine, Transport, Artificial Stones
Unsaturated Polyester Resin (DCPD, Orthophthalic, Isophthalic, and Others) Market for Tanks & Pipes, Building & Construction, Electrical, Marine, Transport, Artificial Stones and Other End-users - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023
Report Description
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.
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).
Complete Report with TOC @ http://www.mrrse.com/asia-pacific-unsaturated-polyester-resin-market
Scope
The market for unsaturated polyester resin in Asia Pacific is significantly driven by building & construction, tanks & pipes, artificial stones, and electrical end-user industries. Furthermore, growth in marine and transport industries is expected to boost the unsaturated polyester resin market in Asia Pacific by the end of 2023. These resins are preferred due to their versatile properties over other equivalent metallic and non-metallic chemical compounds to be used in a wide array of industries. The building & construction industry was the largest end-user of the unsaturated polyester resin market in Asia Pacific in 2014. This end-user employs unsaturated polyester resins for processing of building materials such as concrete, roofing materials, artificial marbles, and putty. In terms of volume, the building & construction industry held the largest share of the unsaturated polyester resin market in Asia Pacific, expanding at a CAGR of over 6% between 2015 and 2023. Tanks & pipes was the second-largest end-user of unsaturated polyester resin in Asia Pacific in 2014. These resins are used to process fiber glass composites, which are required in the manufacture of pipes and chemical tanks due to their high resistance to heat and corrosion.
Key Players
Key manufacturers of unsaturated polyester resins in Asia Pacific include PT Justus Sakti Raya, Changzhou New Solar Co., Ltd., Tianhe Resin Co., Ltd., and Singapore Highpolymer Chemical Products Pte Ltd.
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