DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pjzz4d/global) has announced the addition of the "Global Unsaturated Polyester Resin Market 2015-2020: Trends, Forecast, and Opportunity Analysis" report to their offering.
The global unsaturated polyester resin market is forecast to grow at a CAGR of 5.0% from 2015 to 2020.
The major drivers of growth for this market are continuous growth in construction and infrastructure development. An increase in use of pipes and tanks in construction of water supply systems and development of sewage treatment and chemical applications are additional factors contributing to the accelerated growth of the UPR industry.
On the basis of comprehensive research, the author predicts that construction is likely to remain as the largest segment during the forecast period. Growing demand for corrosion resistance, light weight, flexibility, and durable FRP products is the major driver for UPR in the construction industry. The pipe and tank segment is expected to emerge as the second highest market by value and volume consumption after the construction segment. The growth of chemical and water/waste water industries is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain as the largest market during the forecast period due to growth in end use segments. Asia Pacific and Rest of the World are expected to grow significantly by virtue of the growing construction and pipe & tank segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.
The report suggests regional expansion in growing regions to tap the local market potentials, joint ventures with local players, innovation, and new product development as the key strategies adopted by major companies in the UPR industry. The report further suggests that companies are opting for merger and acquisition initiatives for driving growth. The emerging trend in the UPR industry, which has a direct impact on the dynamics of the industry, is avoiding the usage of styrene as the major raw material for manufacturing UPR because it is hazardous for health.
Ashland Inc., AOC LLC, Polynt Composites, Showa Denko, and Royal DSM are among the major suppliers of unsaturated polyester resins.
Key Topics Covered:
1. Executive Summary
2. Unsaturated Polyester Resin Industry Background and Characteristics
3. Global Unsaturated Polyester Resin Market Analysis
4. Trends in Global UPR Market (2009-2014)
5. Forecasts for Global UPR Market (2015-2020)
6. Strategic Assessment
7. Competitors Analysis
8. Growth Areas and New Materials Development in the Global UPR Industry
9. Company Profiles of Leading Players
- Ashland Inc.
- AOC LLC
- Polynt Composites
- Showa Denko
- Royal DSM
For more information visit http://www.researchandmarkets.com/research/pjzz4d/global
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