Global Unsaturated Polyester Resins Market: Rise in Demand from Varied End-Use Industries Ups Growth

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.

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.

Request a sample of Unsaturated Polyester Resins Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=857

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com


Location: United States

Comments

Post a Comment

Popular posts from this blog

Epilepsy Drugs Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2025

Epilepsy is a chronic disease in which patient’s brain activities become abnormal due to seizures. Seizure is an unexpected rush of electrical activity in the brain. Seizure is categorized by two types – generalized seizures and focal or partial seizures. Generalized seizures affect the whole brain whereas focal or partial seizures affect just one part of the brain. Global epilepsy drugs market is expected to cross US$ 9 Billion landmark by 2025. Epilepsy can develop in both males and females of all races, ethnic backgrounds and ages. It affects around 65 Million people globally. United States has around 3.4 Million epilepsy patients; among them around 470 Thousands are children. Epilepsy prevalence varies across various parts of the world. At present, nearly one-third of the total patients are suffering from uncontrollable seizures and are not able to get treatment because no available treatment works for them. Request to view sample copy for Technical & Professi...
Read more

Distribution Transformer Market - Research Report : Key Growth Factors and Forecast 2024

A  distribution transformer  or service transformer provides the final voltage transformation in the electric power distribution system, stepping down the voltage used in the distribution lines to the level used by the customer. Distribution transformers usually do not operate at full load; they are designed to offer maximum efficiency at lower loads. Voltage regulation in these transformers is kept minimum to improve efficiency. Thus, distribution transformers are designed to have small leakage reactance. Transformers smaller than 500 kVA are generally called distribution transformers. Distribution transformers with voltage distribution less than 33 kV are used in industries, while 380V/220V distribution transformers are used for domestic purposes. The number of customers fed by a single distribution transformer varies depending on the number of customers in an area. Several homes may be fed off a single transformer in urban areas; rural distribution may require one transfo...
Read more

Innovation Benchmarking in Simazine Market

Simazine is a white colored organic solid which is used as an herbicide belonging to the triazine class. It can be used effectively on all broad-leaved weeds and annual grasses. Weeds deprive the crop plants of essential soil nutrients resulting in their stunted growth. Herbicides are necessary to retard the growth of weeds. Simazine is used globally on all edible and non-edible crops, fruits and berries, and grasslands. Get sample of this report at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13532 It is used as a pre-emergence herbicide. It acts by inhibiting the process of photosynthesis. It is applied as foliar spray and as soil treatment. Compared to other herbicides, its use is considered relatively safe on crop plants and it can be used in combination with other herbicides, owing to which, it is widely accepted as an herbicide in most parts of the world. Simazine Market: Demand Drivers and Restraints The growth of the agrochemica...
Read more