Unsaturated Polyester Resin (UPR) Market Will Withness Growth Owing To Swift Demand In Construction Sector Till 2020: Grand View Research, Inc.

New Market Research Reports Title Global Unsaturated Polyester Resin (UPR) Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewResearch.com Report Database

Unsaturated polyester resins (UPRs) find commercial applications in fiberglass reinforced plastics (FRPs). FRPs have wide-ranging use in construction. The booming construction industry owing to large-scale infrastructural developments in Latin America and Asia Pacific will drive the demand for UPRs.

The unsaturated polyester resin (UPR) market is predicted at around USD 11.4 billion by 2020. Its volumes, which were 4, 510 kilo tons in 2013, can surpass 6, 810 kilo tons in 2020. Superior performance, environment friendliness, and cost effectiveness are some advantages of UPRs.

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Growing chemical production necessitates more tanks & pipes for storage & transportation. This also generates demand for UPRs. However, fluctuations in the prices of raw materials may inhibit market growth. Low recyclability could restrict the adoption of UPRs in the automotives industry.

The unsaturated polyester resin (UPR) market is segregated on the basis of products, end-users, and regions. Product segments are orthopthalic, isopthalic, DCPD (Dicyclopentadiene), and others. Orthopthalic resins led the market in 2013. This was attributed to their high usage in artificial stones, transport, building & construction, and marine. Expansion in these industries should fuel this segment during the forecast period (2014 to 2020).

DCPD resins, although costlier than orthopthalic, have gained acceptance due to low VOC emissions. They are greatly used in marine applications wherein low resin shrinkage results in smooth surfaces. With a CAGR of 6.8%, DCPD would be the fastest-growing segment during 2014 to 2020. Isopthalic resins are also popular in the marine industry. They are resistant to water, chemicals, and heat. Their ability to function in temperatures up to 100°C makes them ideal for utilization in FRPs.

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End-users of the unsaturated polyester resin (UPR) market comprise marine, construction & building, electrical, transport, tanks & pipes, artificial stones, and others. Construction & building was the leading end-user in 2013. Industrialization and infrastructural developments in Brazil, China, India, and other emergent economies propel this segment.

The regional segments encompass North America, Asia Pacific, Europe, and Rest of the World (RoW). Asia Pacific held over half of the total volumes in 2013. High infrastructural investments in China & India would aid the region. The expanding marine industry in Asia Pacific could also augment regional demand. North America is anticipated to be lucrative due to its robust electrical and marine industries.

Chief players in the global unsaturated polyester resin (UPR) market cover BASF SE, Dow Chemical Company, CCP Composites, and Ashland. The market is moderately segmented. 

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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