Asia Pacific Unsaturated Polyester Resin Market is Likely to Reach US$ 7.45 Bn in 2023
Read Report Overview @
Increasing demand for unsaturated polyester resin in the building & construction industry is one of the key factors driving the market growth in Asia Pacific. Growth in building & construction activities in Southeast Asia, China, and India is projected to chiefly boost industry growth. Furthermore, high demand for composite materials is likely to drive the market for unsaturated polyester resin in this region. Composite materials are primarily consumed in marine, transport, and pipes & tanks. Growth in chemical and maritime industries is likely to drive the unsaturated polyester resin market in Southeast Asia. However, stringent regulations related to styrene and volatile raw material prices are expected to hamper growth of the unsaturated polyester resin market in Asia Pacific. Increasing application scope of unsaturated polyester resin in wind energy and marine industries is likely to open new growth opportunities during the forecast period.
In terms of demand, orthophthalic resin was the most widely used product segment, accounting for over 35% share of the unsaturated polyester resin market in Asia Pacific in 2014. This resin is widely consumed in building & construction due to its high tensile strength and fatigue limits. Isophthalic resin held the second-largest share of the unsaturated polyester resin market in Asia Pacific in 2014. Isophthalic resins possess higher strength and resistance as compared to orthophthalic resins and are principally used in automotive and marine industries. However, DCPD resins are projected to be one of the fastest-growing product segments during the forecast period due to high demand from transport and marine industries.
Building & construction constituted the largest share of the unsaturated polyester resin market in 2014. Unsaturated polyester resin is chiefly employed in reinforcement, roofing, composites, and concrete. Tanks & pipes accounted for the second-largest share of the unsaturated polyester resin market in Asia Pacific with 20% share in 2014. Artificial stones held the third-largest share of the unsaturated polyester resin market in Asia Pacific in 2014. However, high demand for unsaturated polyester resin in wind energy and marine industries is projected to provide strong growth opportunities during the forecast period. This is due to resistance and hydrolytic stability properties offered by unsaturated polyester resin.
Request to view Sample Report:
China dominated demand for unsaturated polyester resin, accounting for over 55% share of the market in Asia Pacific in 2014. Growth in building & construction coupled with high demand for composite materials has been driving the unsaturated polyester resin market in this country. India held the second-largest share of the unsaturated polyester resin market in Asia Pacific in 2014. Growth in the chemical industry coupled with rise in automotive and marine activities have been primarily boosting growth of the market in India. Countries such as Indonesia, Malaysia, Singapore, and Thailand are likely to witness upsurge in demand for unsaturated polyester resin due to growth in building & construction and transport industries. Furthermore, significant development in the marine industry in Southeast Asia, especially in pleasure boats and yachts, is estimated to provide lucrative market opportunities in the near future.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia Pacific Unsaturated Polyester Resin Market is Likely to Reach US$ 7.45 Bn in 2023 here
News-ID: 1057183 • Views: 205
More Releases from Transparency Market Research Reports Analysis
Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by
More Releases for Asia
Asia IVD Market
According to a new report published by Allied Market Research, the Asia Pacific In-vitro diagnostics market was valued at $12.9 billion in 2015, and is expected to reach $19.0 billion registering a CAGR of 5.6% during 2016 to 2022. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/1256 The Asia-Pacific IVD market is
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According