Lucintel Identifies APAC and ROW as Growth Drivers for Global Unsaturated Polyester Resin Market
Irving, TX, September 08, 2013 --(PR.com
)-- During last five years, composite applications in the global unsaturated polyester resin(UPR) market saw good growth, driven by growth in construction, transportation, wind energy, and pipe and tank markets in emerging economies including China and India. The market is expected to witness robust growth and reach an estimated $9.8 billion by 2018 over the next five years (2013-2018).Asia Pacific (APAC) and Rest of World (ROW), where per capita consumption of UPR significantly trails North America and most of Europe, offer large growth potential.
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, polyester resin is used with fiberglass or other fiber reinforcements to make a variety of composite parts for various industries, such as automotive, construction, pipe and tank, and marine. In the long term end-use markets, such as wind energy, marine, pipe and tank, transportation, and construction are anticipated to drive increased consumption during the forecast period (2013-2018).
The global UPR industry is forecast to grow above GDP rates, which can be attributed to several factors. High regional growth in developing countries, such as China and India, continued technology improvements in fabrication techniques, material formulations, and products designed to take advantage of UPR’s unique properties are all key components to industry growth. These contribute to continuing the trend towards the use of lighter and more environmentally resistant materials in the replacement of metals (especially steel) across many applications. Lucintel estimates that overall, demand for UPR is going to rebound during the next five years in most of the regions and markets. Good growth potential exists in transportation and marine markets for all four regions (North America, Europe, APAC, and ROW).
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.
This report provides an overview of the globalUnsaturated Polyester Resin industry. For a detailed table of contents and pricing information on this timely, insightful report, 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.