Published on : Oct 25, 2017
Albany, New York, October 25, 2017: According to the new report that Market Research Hub (MRH) has added to its repository, rise in global unsaturated polyester resins market will help the future prospects of the market. This report is titled “Unsaturated Polyester Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” which gives crystal clear insight of the global market for unsaturated polyester resins. This comprehensive research program resulted in a lot of information beneficial for the businesses who are existing participants of the market and also for ones who are want to invest in the business in coming years.
The research is done on the basis of considering various parameters like the major drivers, restraints that are limiting the business growth, and trends that are following. This helps in giving an overview of the market and make full use of the opportunities that will come your way in the near future. The report says that global market for unsaturated polyester resins is marked at over US$5,744 mn in 2017 and is expected to grow and touch a valuation of around US$7,340 by the end of 2022. The market is estimated to exhibit a CAGR of 5% during 2017 to 2022. This reliable data provided to the business can be a key asset for their future growth and accurately assist the companies to mark their presence in the global market for unsaturated polyester resins.
Dynamics of Global Market for Unsaturated Polyester Resins
The report gives the most important information of the global market for unsaturated polyester resins i.e. the drivers, restraints and trends. The major reason behind growth of the market is increase in use and applications of unsaturated polyester resins. It is widely used to make many composite polymers, plastics that are highly fiber-reinforced. Also there is increase the use of polyester resins for making pipes, electrical equipment that are fire resistant, automotive parts, circuit boards that are printed, gel coats, synthetic marbles etc. Another impressive property of these reins are its structural properties that helps in building excellent thermal stability.
The market is surging with the help of high demand of polyester resins by end-use companies. The data shows a bright future of the global market for unsaturated polyester resins due to its specialties like extensive use by end-use industries, low cost and easy production of unsaturated polyester resins, etc.
Segmentation of Global Market for Unsaturated Polyester Resins
The comprehensive research report on global market for unsaturated polyester resins has divided the markets into various segments on the basis of different parameters.
On the basis of product type, the market is segmented into DCPD (dicyclopentadiene) resins, isophthalic resins and orthophthalic resins. The isophthalic resins holds the maximum share of around 36% in this market segment, with a CAGR of 4% in the forecast period of 207-2022.
Another segment is based on the end user, which divides the global market for unsaturated polyester resins into scrubbers, tanks, gel coats, pipe re-lining etc.
The geographical segment consists of regional divisions like Japan, Latin America, North America, Europe and APEJ. Among these, APEJ holds the maximum share in the market with over 5% CAGR in the forecast period. With the growth in market, APEJ share is expected to touch US$3,086 Mn by the end of 2022.
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