Unsaturated Polyester Resin Market worth USD 9.87 Billion USD by 2020

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Unsaturated Polyester Resin Market by Type
,Application - by Region Global Trends
Forecast to 2020
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Unsaturated Polyester Resin Market by Type,
End-User Industry (Building Construction,
Marine, Automotive Transportation, Pipes
Tanks, Electrical Electronics, Wind Energy,
Artificial Stones), by Region - Global Forecast
to 2020 Unsaturated Polyester Resins The global
unsaturated polyester resin market was valued at
USD 7.17 Billion in 2014, and is expected to
reach USD 9.87 Billion by 2020, at a CAGR of
5.59 between 2015 and 2020.

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Asia-Pacific The most dominant region in the
unsaturated polyester resin market The
unsaturated polyester resin (UPR) market in the
Asia-Pacific region is one of the fastest-growing
markets across the globe, and this trend is
expected to continue in the near future as well.
Asia-Pacific is leading the global unsaturated
polyester resin market, and has accounted for a
share of 49.00 in terms of volume, in 2014.
Among all countries in the Asia-Pacific region,
China has contributed the maximum share in the
unsaturated polyester resin market. This growth
is mainly attributed to the increasing
population, favorable investment policies, as
well as government initiatives that promote
industrial growth.
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Orthophthalic The largest type segment in the
unsaturated polyester resin market The
orthopthalic segment is one of the most
significant types in the unsaturated polyester
resin market. Asia-Pacific region constitutes a
major share in the orthopthalic segment of this
market, in 2014. The U.S. and China are at
forefront of unsaturated polyester resins
consumption, while Germany, France, Japan, the
U.K., and India are other key countries in the
unsaturated polyester resin market. China
consumes more than half of the overall demand of
unsaturated polyester resins, followed by Japan
and India, wherein the consumption of UPR is
growing at a steady pace. Demand of unsaturated
polyester resins is expected to grow in the
Asia-Pacific region, owing to continued
industrialization and high growth in the
manufacturing sector. Substantial investments
being made in the infrastructural segment of
developing economies, such as China and India,
and rapid expansion of the automotive sector have
become significant factors influencing the growth
of the unsaturated polyester resin market.
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Wind energy segment is projected to be the
fastest-growing end-user application of the
unsaturated polyester resin market between 2015
and 2020. The wind energy industry is expected to
progress in developed economies of Europe and
North America, as their respective governmental
bodies are working towards the development of
eco-friendly substitutes to generate energy. Wind
energy is cost-effective as compared to other
fuel sources, such as coal and crude oil. With
the increasing significance of wind energy being
generated by wind mills, the overall demand of
unsaturated polyester resins is also expected to
grow, as unsaturated polyester resins are highly
utilized in the production of wind mill
blades.
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Scope of the report  This research report
categorizes the global unsaturated polyester
resin market on the basis of type, end-user
industry, and region forecasting volumes and
revenues as well as analyzing trends in each of
the submarkets. On the basis of type  The
unsaturated polyester resin market is segmented
on the basis of type into orthophthalic,
isophthalic, DCPD resins, and others. On the
basis of end-user industry  The unsaturated
polyester resin market is segmented on the basis
of end-user industry into building
constructions, marine, wind energy, electrical
electronics, pipes tanks, artificial stones,
and automotive/transportation. On the basis of
region  The unsaturated polyester resin market
is segmented on the basis of region into North
America, Europe, Asia-Pacific, and RoW.
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Key Compotators Major players of the
unsaturated polyester resin market include
Ashland Inc. (U.S.), The Dow Chemical Company
(U.S.), BASF SE (Germany), AOC LLC (U.S.), Polynt
(Italy), Scott Bader Co. Ltd. (U.K.), and
Reichhold Inc. (U.S.).
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