Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Unsaturated polyester resin has various applications in the construction industry. The market suffered as a result of the 2008 recession, but the post-recession boom for the construction industry is expected to aid the unsaturated polyester resin market during the report's forecast period.
The report looks into the global unsaturated polyester resin market according to product type, end-use application, and geographical distribution. The markets for four types of unsaturated polyester resin are analyzed: orthopthalic, isopthalic, DCPD resins, and other types such as vinyl ester resins. Of these, orthopthalic resins account for 35% of the market. They are growingly in demand from the construction industry, which will help maintain their dominant share in the unsaturated polyester resin market. The marine and transportation industries are also expected to become major consumers of orthopthalic polyester resin.
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Unsurprisingly, the construction industry has the highest demand for unsaturated polyester resin, taking up 25% of the global market. The rapid expansion of the construction industry in developing economies such as the BRIC countries as well as numerous South Asian countries is expected to help maintain the construction industry's dominant market share in unsaturated polyester resin. Tanks and pipes are the other dominant application of unsaturated polyester resin; this industry is expected to expand along with the construction industry. Other applications of unsaturated polyester resin include the transportation, marine, and artificial stone industries, and other industries such as aerospace and wind energy.
Among the four regional subdivisions of the unsaturated polyester resin market, Asia Pacific is expected to add to its 2012 market share of 50%. The booming construction industry in developing economies such as China and India will prop up the unsaturated polyester resin market in Asia Pacific. This is also true of the Rest of World category, thanks to developing economies such as the Gulf countries and Brazil. The North American market is expected to remain steady, while increasing environmental regulations will restrict the market in Europe. Along with the consistently increasing demand from developing economies, the increasing market for fiberglass is also expected to be a major opportunity in the global unsaturated polyester resin market, while the expected increase in environmental regulations will be the major restraint, along with fluctuating prices of raw materials.
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The report covers multinational unsaturated polyester resin giants such as BASF SE, CCP Composites, Ashland Inc., Tianhe Resin Co. Ltd., etc. Multinational corporations such as these control virtually the entire unsaturated polyester resin market.
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