DUBLIN, Feb. 21, 2014
/PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/pwsbdr/unsaturated) has announced the addition of the "Unsaturated Polyester Resin Market: Analysis, Size, Share, Growth, Trends and Forecast to 2019" report to their offering.
Unsaturated polyester resins are formed from the condensation reaction between polyols and dibasic organic acids. The polyols commonly used in the reaction are ethylene glycols and propylene glycols while acids used are isopthalic acid, maleic anhydride and phthalic anhydride. Currently, most polyester resin manufacturers use glycols and acids as a raw material. Unsaturated polyester resins are classified as orthopthalic, isopthalic, DCPD and others. Orthopthalic polyester resins are based on orthopthalic acid while isopthalic polyester resins are based on isopthalic acid. DCPD are based on dicyclopentadine and are classified as low profile. Other types of polyester resins consist of vinyl ester resins and other specialty resins. Vinyl ester resins are considered premium product due to its higher performance and costs.
Unsaturated polyester resin is majorly used in the building and construction industry in various applications such as roofing, artificial marbles and putty among others. The other significant applications of unsaturated polyester resins include tanks and pipes, aerospace, marine, wind energy and automotive industry. The market experienced a negative growth during the economic slowdown; however, over the past two years, consumption of unsaturated polyester resins has grown steadily due to an increase in demand from the end-user industries.
The global building and construction market is on the rise due to the continuously growing population and changing lifestyles, especially in emerging nations such as China and India. Growth in the construction and urbanization in BRIC countries has been driving the global building and construction market in the recent years. Furthermore, significant growth in tanks and pipes industry owing to demand from chemical industry is also expected to boost the unsaturated polyester resin market. However, the price impact of raw materials such as styrene, maleic anhydride, glycols and pthalic anhydride on end product is anticipated to hamper the growth of the unsaturated polyester resin market. Increasing application scope of polyester resin in the fiberglass market coupled with rising marine industry is expected to open opportunities for the growth of the market over the next few years.
Orthopthalic were the majorly consumed unsaturated polyester resin in the industry in 2012 accounting for around 35% of the global demand. These unsaturated polyester resins are expected to grow within the forecast period on account of their increasing usage in applications such as building and construction, marine, transport and artificial stone among others. Demand for other unsaturated polyester resin such as isopthalic and vinyl ester resin is expected to be steady due to a substantially higher demand from other DCPD grade resins in the near future.
Key Topics Covered:
2 Executive Summary
3 Unsaturated Polyester Resin Market - Industry Analysis
4 Unsaturated Polyester Resin Market - Product Segment Analysis
5 Unsaturated Polyester Resin Market - End-user Analysis
6 Unsaturated Polyester Resin Market - Regional Analysis
7 Company Profiles
- AOC Resins
- Ashland Inc.
- BASF SE
- CCP Composites
- Changzhou New Solar Co. Ltd.
- Eternal Chemical Co. Ltd.
- Lanxess AG
- Reichhold Inc.
- SABIC Innovative Plastics Holding BV
- Satyen Polymers Pvt. Ltd.
- Scott Bader Company Ltd.
- The Dow Chemical Company
- Tianhe Resin Co., Ltd.
- UPC Technology Corp.
For more information visit http://www.researchandmarkets.com/research/pwsbdr/unsaturated
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SOURCE Research and Markets