Lucintelís Analysis: Global Unsaturated Polyester Resin Market to Witness Robust Growth Over 2013-2018
Irving, TX, September 08, 2013 --(PR.com
)-- After a deep recession in 2009, the global unsaturated polyester resin(UPR) market has turned positive, mostly driven by consumer goods, marine, E&E, construction, and transportation industries. The global UPR industry in North America experienced robust growth in 2012; APAC has been growing at a healthier pace since 2000 mainly due to remarkable growth in China and India.The global UPR market is expected to record robust growth and reach $9.8 billion by 2018 over the next five years (2013-2018).
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in “Global Unsaturated Polyester Resin Market 2013-2018: Trends, Forecast, and Opportunity Analysis.”
As per the study, growth rates for high value/lower volume applications, such as wind energy are expected to be higher-than-average. Some of the larger, well-established markets, such as construction, transportation, and E&E are expected to witness high growth rates annually. Much of this growth can be attributed to market recovery and to developing economies in Asia Pacific (APAC) and Rest of World (ROW), where per capita consumption of UPR significantly trails North America and most of Europe, thus offering large growth potential. The pressure of direct competition in the global UPR industry and its resulting impact on profitability are primarily offset by favorable growth trends. Further, the wide variety of new and developing applications for UPR, all of which have positive growth rates, tends to balance short-term decreases in any one application or in any regions.
Lucintel has identified nine applications/marketswhere there will be notable growth potential for polyester resin in the next five years. For example, the marine market is expected to see the highest growth driven by the cruiser segment in emerging countries, including China, India, Brazil, and Russia. Polyester resin material suppliers can focus their strategy to align themselves with yacht builders, such as Ferretti, Azimut, GroupeBeneteau, and more to meet their growing need for large sized boats. Material suppliers also need to understand the unique requirements in the making of large sized boats. Similarly, the US and APAC boat builders can partner with major yacht builders in Europe or enter the growing European boat market to capture a market share.
Lucintel's research report contains polyester resin industry background and characteristics, global polyester resin market analysis, trends in global UPR market (2007-2012), forecasts for global UPR market (2013-2018), growth opportunities, and more. This insightful report can help you make confident business decisions in this globally competitive marketplace.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com