Understanding Impact of COVID-19 on Unsaturated Polyester Resin Market
The steady rise in growth opportunities in the field of unsaturated polyester resins has led to the influx of several new players in the market in the past few years, leading to a significant rise in the intensity of competition in the market, observes Transparency Market Research in a recent report. Rising demand from a number of new applications and industries across emerging economies has compelled companies to focus on strategic collaborations with prominent companies operating in regional pockets. Companies are also focusing on R&D activities aimed at the development of products capable of superior recycling and processing capabilities.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=857
Some of the leading companies in the market are U-Pica Company Ltd., Nuplex Industries Ltd., BASF SE, Royal DSM, and Polynt-Reichhold Group.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=857
Asia Pacific to Remain Most Lucrative Regional Market
Of the prominent products in the global unsaturated polyester resins market, the segment of isophthalic resins accounted for the dominant share in the overall market in 2017 and is expected to account for a significant share of the market over the forecast period as well. The high preference to the product variety in composites or fiber glass industries can be attributed to the excellent flexibility, better chemical resistance, and high strength.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
Geographically, the market in Asia Pacific excluding Japan accounts for the dominant share in the overall market. The region is also expected to emerge as the regional market with the most promising growth opportunities over the report’s forecast period, exhibiting a 5.3% CAGR and rising to a valuation of US$ 3,085.8 mn by 2022. The steady growth prospects of a number of prominent end-use industries of unsaturated polyester resins such as automotive, construction, and marine in the region will push the demand for unsaturated polyester resins further.
This review of the global unsaturated polyester resin market is based on a recent market research report by Transparency Market Research, titled “Unsaturated Polyester Resins Market (Product Type – Orthophthalic Resins, Isophthalic Resins, and Dicyclopentadiene (DCPD) Resins; End User- Electrical, Transport, Artificial Stone/Marble, Resins, Tanks, Pipes, Scrubbers, and Pipe re-lining, and Building and Construction) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.”
For the study, the market has been segmented as follows:
Global Unsaturated Polyester Resins Market, by Product
- Orthophthalic resins
- Isphthalic resins
- Dicyclopentadiene (DCPD) resins
Global Unsaturated Polyester Resins Market, by End-Use
- Artificial Stone/Marble
- Pipe Re-lining
- Building and Construction
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.