Press release
Asia Pacific Unsaturated Polyester Resin Market is Likely to Reach US$ 7.45 Bn in 2023
To view TOC of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6083
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.
A sample of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6083
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.
The report provides a comprehensive view of the unsaturated polyester resin market in terms of volume and revenue. It includes current demand analysis and forecast for product segments and end-users in China, India, Indonesia, Malaysia, Singapore, Thailand, and Rest of the Asia Pacific. The unsaturated polyester resin market has been divided into the following segments:
About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact US
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com/
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
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: 868009 • Views: …
More Releases from Transarency Market Research
ITS Market to Expand at a CAGR of 13.95 % will Reach US$ 85.52 Bn by the End of …
The global ITS market is estimated to attain a valuation of US$ 85.52 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 13.95% during the forecast period, 2022-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Pickup Truck Market to Surpass USD 950 Billion by 2030 | Transparency Market Res …
The global Pickup Truck market is estimated to attain a valuation of US$ 950 Bn by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 2% during the forecast period, 2020-2030.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Electrical Appliances Market will surpass USD 589.9 billion by 2031: Transparenc …
The global Electrical Appliances market is estimated to attain a valuation of US$ US$ 589.9 by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 7% during the forecast period, 2021-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of…
Advanced Wound Care Management Market projected to expand at a CAGR of 5.8% from …
Transparency Market Research (TMR) has published a new report titled, “Advanced Wound Care Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global advanced wound care management market was valued at US$ 8.5 Bn in 2016 and is projected to expand at a CAGR of 5.8% from 2018 to 2026. Surge in incidence of chronic wounds and trauma cases is anticipated…
More Releases for Asia
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
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…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
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…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
