According to a new report published by Transparency Market Research "Unsaturated Polyester Resin Market By Product Segment (DCPD, Orthopthalic, Isopthalic and Others) For Pipes and Tanks, Building and Construction, Electrical, Marine, Transport, Artificial Stones and OtherEnd-user Segments: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019", the global demand for unsaturated polyester resin was valued at USD 6.54 billion in 2012 and is expected to reach USD 10.48 billion in 2019, growing at a CAGR of 7.5% between 2013 and 2019. In terms of volume, the demand was 4,305.6 kilo tons in 2012.
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Increasing urbanization, changing lifestyles and growing building and construction industry are some of the factors driving the demand for unsaturated polyester resin. The development of building and construction industry in China and India is expected to be one of the vital factors driving the demand for unsaturated polyester resin over the next few years. In addition, growth of the tanks and pipes industry due to rising demand from chemical industry is expected to fuel the growth of the market within the forecast period. However, raw material prices and environmental regulations are expected to restrain the growth of the market in the near future. Increasing application scope of unsaturated polyester resin in the fiberglass market coupled with growing demand for unsaturated polyester resin in the artificial stone market is expected to open opportunities for the growth of the market over the next few years.
Orthopthalic were the most widely used unsaturated polyester resins and accounted for around 35% of the global demand in 2012. Owing to its versatility and resistance characteristics, the demand for unsaturated polyester resin is expected to be substantially higher over the forecast period. However, DCPD grade resins are expected to show the fastest growth over the next few years owing to their growing demand from marine and transport sector.
Building and construction accounted as the largest application segment for unsaturated polyester resin in 2012. Unsaturated polyester resins are being increasingly used in roofing, reinforcement, concrete and composites. However, the demand for unsaturated polyester resin is expected to be growing from the marine applications market within the forecast period. Growing demand for unsaturated polyester resin in marine is due to its resistance and hydrolytic stability and is expected to drive unsaturated polyester resin market in next few years. Unsaturated polyester resin demand in marine market is expected to be 515.5 kilo tons by 2019.
Asia Pacific dominated the unsaturated polyester resin market in 2012 followed by North America owing to the growth of building and construction industry. Asia Pacific is expected to witness the highest growth within the forecast period on account of increasing usage of building and construction andtanks and pipes industry. The demand for unsaturated polyester resin in Asia Pacific is expected to grow at a CAGR of 6.0% between 2013 and 2019.
Unsaturated Polyester Resin Market: Product Segment Analysis
- Others (Includes vinyl ester resin, etc.)
Unsaturated Polyester Resin Market: Application Analysis
- Building and Construction
- Tanks and pipes
- Artificial stones
- Others (Includes wind energy, etc.)
Unsaturated Polyester Resin Market: Regional Analysis
- North America
- Rest of the World
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