Unsaturated Polyester Resins Market by Type (Orthophthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Land Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) - Global Forecast to 2021

The global Unsaturated Polyester Resins (UPR) market is estimated to grow from USD 9.17 Billion in 2016 to USD 12.15 Billion by 2021, at a CAGR of 5.78% between 2016 and 2021.

The years considered for the study are:

Base Year: 2015
Forecast Period: 2016–202

Objectives of the study:

• To define, describe, and forecast the UPR market on the basis of type, end-use industry, and region
• To provide detailed information about key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micro-markets with respect to individual growth trend, future prospects, and contribution to the overall market
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To strategically profile key players, and comprehensively analyze their market shares and core competencies

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the UPR market, and estimate the size of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, and Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the UPR market.

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The UPR market has a diversified and established ecosystem of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, end users, and government organizations. AOC LLC (U.S.), Ashland Inc. (U.S.), Reichhold Inc. (U.S.), BASF SE (Germany), Royal DSM (Netherlands), Scott Bader (U.K.), and U-Pica Technology Group (Japan), among others, are the key players of the UPR market.

Key Target Audience:

• Manufacturers of UPR
• Raw Material Suppliers
• Traders, Distributors, and Suppliers of UPR
• Government & Regional Agencies, and Research Organizations
• Investment Research Firms

Scope of the Report:

This research report categorizes the global UPR market on the basis of type, end-use industry, and region.

On the basis of Type:

• Orthophthalic
• Isophthalic
• DCPD
• Others (gelcoat resins, terephthalic resins, and chlorendic resins)

On the basis of End-Use Industry:

• Building & Construction
• Marine
• Land transportation
• Pipe & Tanks
• Electrical & Electronics
• Artificial Stones
• Wind Energy
• Others (consumer goods, chemical industry, decorative art, and non-structural furniture parts)

On the basis of Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

• Country-level analysis of the UPR market on the basis of type and end-use industry

Company Information:

• Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
           2.3.3 Breakdown of Primary Interviews
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Data Triangulation
    2.6 Assumptions and Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 25)
    3.1 Introduction

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the UPR Market
    4.2 UPR Market – By Type
    4.3 UPR Market in Asia-Pacific: By End-Use Industry and Country
    4.4 Global UPR Market, By Country, 2016–2021
    4.5 UPR Market, Developed vs Developing Countries

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By End-Use Industry
           5.2.3 By Region
    5.3 Market Dynamics
    5.4 Impact Analysis of Drivers
           5.4.1 Drivers
                    5.4.1.1 High Growth in Construction and Wind Energy Industries
                    5.4.1.2 Growth in FRP, Automotive, and Composites Manufacturing Industries
                    5.4.1.3 Economical Option Over Other Resins
           5.4.2 Restraints
                    5.4.2.1 Greater Acceptance of Other Resins
           5.4.3 Opportunities
                    5.4.3.1 Emerging Economies and Their Future Growth
                    5.4.3.2 Innovation in Applications and Products
           5.4.4 Challenges
                    5.4.4.1 Disadvantages of Styrene Usage

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Material Supplier
           6.2.2 UPR Manufacturers/Formulators
           6.2.3 End-Use Industries
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrant
           6.3.2 Bargaining Power of Suppliers
           6.3.3 Bargaining Power of Buyers
           6.3.4 Threat of Substitutes
           6.3.5 Intensity of Competitive Rivalry

7 Patent Details (Page No. - 46)
    7.1 Introduction
    7.2 Patent Details

8 Macro Economic Overview and Key Trends (Page No. - 48)
    8.1 Introduction
    8.2 Trends and Forecast of GDP
    8.3 Trends and Forecast of the Construction Industry
           8.3.1 North America: Trends and Forecast of the Construction Industry
           8.3.2 Europe: Trends and Forecast of the Construction Industry
           8.3.3 Asia-Pacific: Trends and Forecast of the Construction Industry
           8.3.4 Middle East & Africa: Trends and Forecast of the Construction Industry
           8.3.5 South America: Trends and Forecast of the Construction Industry

9 Unsaturated Polyester Resins Market, By Type (Page No. - 53)
    9.1 Introduction
           9.1.1 Orthophthalic Resins
           9.1.2 Isophthalic Resins
           9.1.3 Dicyclopentadiene (DCPD) Resins
           9.1.4 Other Resins
                    9.1.4.1 Gelcoat Resins
                    9.1.4.2 Terephthalic Resins
                    9.1.4.3 Chlorendic Resins

10 Unsaturated Polyester Resins Market, By End-Use Industry (Page No. - 62)
     10.1 Introduction
             10.1.1 Building & Construction
                        10.1.1.1 Fiberglass Reinforced Plastics (FRP)
             10.1.2 Marine
             10.1.3 Land Transportation
             10.1.4 Pipes & Tanks
             10.1.5 Electrical & Electronics
             10.1.6 Wind Energy
             10.1.7 Artificial Stones
             10.1.8 Others

11 Unsaturated Polyester Resins Market, By Region (Page No. - 76)
     11.1 Introduction
     11.2 North America
             11.2.1 Country-Wise Key Insights
                        11.2.1.1 U.S.
                        11.2.1.2 Canada
                        11.2.1.3 Mexico
     11.3 Europe
             11.3.1 Country-Wise Key Insights
                        11.3.1.1 Germany
                        11.3.1.2 France
                        11.3.1.3 Netherlands
                        11.3.1.4 U.K.
                        11.3.1.5 Russia
                        11.3.1.6 Italy
                        11.3.1.7 Turkey
                        11.3.1.8 Spain
                        11.3.1.9 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 Country-Wise Key Insights
                        11.4.1.1 China
                        11.4.1.2 India
                        11.4.1.3 Japan
                        11.4.1.4 South Korea
                        11.4.1.5 Thailand
                        11.4.1.6 Malaysia
                        11.4.1.7 Indonesia
                        11.4.1.8 Rest of Asia-Pacific
     11.5 Middle East & Africa
             11.5.1 Country-Wise Key Insights
                        11.5.1.1 UAE
                        11.5.1.2 Saudi Arabia
                        11.5.1.3 South Africa
     11.6 South America
             11.6.1 Country-Wise Key Insights
                        11.6.1.1 Brazil
                        11.6.1.2 Argentina
                        11.6.1.3 Rest of South America

12 Market Share Analysis (Page No. - 107)
     12.1 Introduction

13 Competitive Landscape (Page No. - 108)
     13.1 Overview
     13.2 Competitive Situations and Trends
             13.2.1 Investments & Expansions
             13.2.2 Partnerships, Agreements, & Joint Ventures
             13.2.3 New Product Launches
             13.2.4 Mergers & Acquisitions

14 Company Profiles (Page No. - 114)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     14.1 Reichhold Inc.
     14.2 Ashland Inc.
     14.3 Royal DSM
     14.4 Polynt
     14.5 Aoc LLC
     14.6 BASF SE
     14.7 U-Pica Company Ltd.
     14.8 UPC Technology Corp.
     14.9 Nuplex Industries Ltd.
     14.10 Scott Bader Company Ltd.
     14.11 List of Other Companies

*Details Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 137)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details

List of Tables (75 Tables)

Table 1 UPR Market Snapshot
Table 2 Comparison of Properties of Different Resins
Table 3 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 4 Contribution of the Construction Industry to GDP in North America, By Country, USD Billion (2014–2021)
Table 5 Contribution of the Construction Industry to GDP in Europe, By Country, USD Billion (2014–2021)
Table 6 Contribution of the Construction Industry to GDP in Asia-Pacific, By Country, USD Billion (2014–2021)
Table 7 Contribution of the Construction Industry to GDP in Middle East & Africa, USD Billion (2014–2021)
Table 8 Contribution of the Construction Industry to GDP in South America, USD Billion (2014–2021)
Table 9 UPR Market Size, By Type, 2014–2021 (USD Million)
Table 10 UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 11 UPR Types: Comparison of Properties
Table 12 Orthophthalic UPR Market Size, By Region, 2014–2021 (USD Million)
Table 13 Orthophthalic UPR Market Size, By Region, 2014–2021 (Kiloton)
Table 14 Isophthalic UPR Market Size, By Region, 2014–2021 (USD Million)
Table 15 Isophthalic UPR Market Size, By Region, 2014–2021 (Kiloton)
Table 16 DCPD Resin vs Orthophthalic Resin: Comparison of Properties
Table 17 DCPD UPR Market Size, By Region, 2014–2021 (USD Million)
Table 18 DCPD UPR Market Size, By Region, 2014–2021 (Kiloton)
Table 19 Other UPR Market Size, By Region, 2014–2021 (USD Million)
Table 20 Other UPR Market Size, By Region, 2014–2021 (Kiloton)
Table 21 UPR Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 22 UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 23 Advantages of FRP in Construction
Table 24 UPR Market Size in Building & Construction, By Region, 2014–2021 (USD Million)
Table 25 UPR Market Size in Building & Construction, By Region, 2014–2021 (Kiloton)
Table 26 UPR Market Size in Marine, By Region, 2014–2021 (USD Million)
Table 27 UPR Market Size in Marine, By Region, 2014–2021 (Kiloton)
Table 28 UPR Market Size in Land Transportation, By Region, 2014–2021 (USD Million)
Table 29 UPR Market Size in Land Transportation, By Region, 2014–2021 (Kiloton)
Table 30 UPR Market Size in Pipes & Tanks, By Region, 2014–2021 (USD Million)
Table 31 UPR Market Size in Pipes & Tanks, By Region, 2014–2021 (Kiloton)
Table 32 UPR Market Size in Electrical & Electronics, By Region, 2014–2021 (USD Million)
Table 33 UPR Market Size in Electrical & Electronics, By Region, 2014–2021 (Kiloton)
Table 34 UPR Market Size in Wind Energy, By Region, 2014–2021 (USD Million)
Table 35 UPR Market Size in Wind Energy, By Region, 2014–2021 (Kiloton)
Table 36 UPR Market Size in Artificial Stones, By Region, 2014–2021 (USD Million)
Table 37 UPR Market Size in Artificial Stones, By Region, 2014–2021 (Kiloton)
Table 38 UPR Market Size in Other End-Use Industries, By Region, 2014–2021 (USD Million)
Table 39 UPR Market Size in Other End-Use Industries, By Region, 2014–2021 (Kiloton)
Table 40 UPR Market Size, By Region, 2014–2021 (USD Million)
Table 41 UPR Market Size, By Region, 2014–2021 (Kiloton)
Table 42 North America: UPR Market Size, By Country, 2014–2021 (USD Million)
Table 43 North America: UPR Market Size, By Country, 2014–2021 (Kiloton)
Table 44 North America: UPR Market Size, By Type, 2014–2021 (USD Million)
Table 45 North America: UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 46 North America: UPR Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 47 North America: UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 48 Europe: UPR Market Size, By Country, 2014–2021 (USD Million)
Table 49 Europe: UPR Market Size, By Country, 2014–2021 (Kiloton)
Table 50 Europe: UPR Market Size, By Type, 2014–2021 (USD Million)
Table 51 Europe: UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 52 Europe: UPR Market Size, By End-Use Industry 2014–2021 (USD Million)
Table 53 Europe: UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 54 Asia-Pacific: UPR Market Size, By Country, 2014–2021 (USD Million)
Table 55 Asia-Pacific: UPR Market Size, By Country, 2014–2021 (Kiloton)
Table 56 Asia-Pacific: UPR Market Size, By Type, 2014–2021 (USD Million)
Table 57 Asia-Pacific: UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 58 Asia-Pacific: UPR Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 59 Asia-Pacific: UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 60 Middle East & Africa: UPR Market Size, By Country, 2014–2021 (USD Million)
Table 61 Middle East & Africa: UPR Market Size, By Country, 2014–2021 (Kiloton)
Table 62 Middle East & Africa: UPR Market Size, By Type, 2014–2021 (USD Million)
Table 63 Middle East & Africa: UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 64 Middle East & Africa: UPR Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 65 Middle East & Africa: UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 66 South America: UPR Market Size, By Country, 2014–2021 (USD Million)
Table 67 South America: UPR Market Size, By Country, 2014–2021 (Kiloton)
Table 68 South America: UPR Market Size, By Type, 2014–2021 (USD Million)
Table 69 South America: UPR Market Size, By Type, 2014–2021 (Kiloton)
Table 70 South America: UPR Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 71 South America: UPR Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 72 Investments & Expansions, 2011–2016
Table 73 Partnerships, Agreements, & Joint Ventures, 2011–2016
Table 74 New Product Launchs, 2011–2016
Table 75 Mergers & Acquisitions, 2011–2016

List of Figures (50 Figures)

Figure 1 UPR: Market Segmentation
Figure 2 UPR Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 UPR Market: Data Triangulation
Figure 6 Asia-Pacific to Continue Dominating the UPR Market Till 2021
Figure 7 Orthophthalic Resin: the Largest Segment By Type of the UPR Market Between 2016 and 2021
Figure 8 Wind Energy to Be the Fastest-Growing End-Use Industry Between 2016 and 2021
Figure 9 Asia-Pacific to Be the Fastest-Growing Market for UPR By 2021
Figure 10 Emerging Economies Offer Attractive Opportunities in the UPR Market
Figure 11 Orthophthalic Resins Type Dominates the UPR Market
Figure 12 Building & Construction End-Use Industry Captured the Largest Share in the Emerging Asia-Pacific Market in 2015
Figure 13 India to Be the Fastest-Growing Market for UPR
Figure 14 The Market in Developing Countries to Grow Faster Than That in Developed Countries (2016–2021)
Figure 15 UPR Market, By Region
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the UPR Market
Figure 17 Impact Analysis: UPR Market
Figure 18 Cumulative Growth in Global Wind Capacity, 2015–2020
Figure 19 UPR Market: Value Chain Analysis
Figure 20 UPR Market: Porter’s Five Forces Analysis
Figure 21 Japan Accounted for the Highest Number of Patents Filed Between 2014 and 2016
Figure 22 DSM IP Assets B.V. Published the Highest Number of Patents Between 2014 and 2016
Figure 23 GDP of Major Countries in the World in 2015
Figure 24 Orthophthalic Resin to Dominate the Market Between 2016 and 2021
Figure 25 Asia-Pacific Dominated UPR Market in 2015
Figure 26 High Growth in Major End-Use Industries to Drive the UPR Market, 2016–2021
Figure 27 Wind Energy to Be the Fastest-Growing Segment Between 2016 and 2021
Figure 28 Global Production of Vehicles* in 2014 and 2015
Figure 29 Growth in Electronics Industry
Figure 30 Wind Energy Market Forecast, By Region, 2016–2020
Figure 31 Regional Snapshot: Global UPR Market, Key Country
Figure 32 Future Growth for UPR Type Centered in Asia-Pacific
Figure 33 Asia-Pacific to Be the Fastest-Growing End-Use Market for UPR
Figure 34 UPR Market Was Dominated By Asia-Pacific in 2015
Figure 35 Asia-Pacific Was the Largest UPR Market in 2015
Figure 36 North American UPR Market Snapshot: the U.S. Was the Largest Market in 2015
Figure 37 Europe UPR Market Snapshot: Germany is the Largest Market in Europe, 2015
Figure 38 Asia-Pacific UPR Market Snapshot: China is the Most Lucrative Market
Figure 39 Market Share Analysis of Top 5 Companies in the UPR Market in 2015
Figure 40 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2011 and 2016
Figure 41 Investment & Expansion Was the Key Strategy Between 2011 and 2016
Figure 42 Ashland Inc.: Company Snapshot
Figure 43 SWOT Analysis: Ashland Inc.
Figure 44 Royal DSM: Company Snapshot
Figure 45 SWOT Analysis: Royal DSM
Figure 46 Polynt: Company Snapshot
Figure 47 BASF SE: Company Snapshot
Figure 48 SWOT Analysis: Ashland Inc.
Figure 49 UPC Technology Corp.: Company Snapshot
Figure 50 Nuplex Industries Ltd.: Company Snapshot

The global Unsaturated Polyester Resins (UPR) market is projected to reach USD 12.15 Billion by 2021, at a CAGR of 5.78% from 2016 to 2021. The growth of the market can be attributed to the increasing applicability of UPR in boat & shipbuilding, manufacturing of wind blades, electrical windmills, automotive applications, sanitary wares, Fiber-Reinforced Plastics (FRP), and non-reinforced plastics.

Based on end-use industry, the building & construction segment is projected to lead the UPR market during the forecast period. In emerging economies, substantial investments are being made in the infrastructure sector, which, in turn, has propelled the development of the construction industry, thereby pushing the demand for UPR.

Based on type, the UPR market has been segmented into orthophthalic, isophthalic, DCPD, and others. The orthophthalic segment is projected to lead the UPR market during the forecast period, owing to its advantages such as low cost, toughness, and chemical resistance as compared to other types. These are commonly used in hulls and decks of boats, land  transport components, and molding, wind blade manufacturing, FRP structures, laminating resins, and in various other applications such as adhesives, buttons, castings, composites, encapsulation, flooring materials, gelcoats, filler pastes, pigment pastes, polymer concrete, putties, tooling, and fire-retardant & anti-corrosion coating.

Asia-Pacific and North America are the largest markets for UPR. The Asia-Pacific region leads the global UPR market, in terms of value and volume. China and India are major markets for UPR in the Asia-Pacific region. This growth can be due to the increasing applicability of UPR in varied industry verticals, owing to their high-strength fiber-based properties, easy availability, and low cost.

However, substitutes such as epoxy resin have better electrical properties and sustainability at high temperatures than UPR. They are preferred in applications wherein bonding, mechanical strength, and resistance to environment degradation are required. Vinyl esters, one of the substitutes, have better corrosion resistance, and their mechanical and thermal properties are much higher than UPR. Therefore, the acceptance of epoxy, vinyl ester, acrylic, and polyurethane resins is becoming a restraint for market growth.

Key players operating in the global UPR market include AOC LLC (U.S.), Ashland Inc. (U.S.), Reichhold Inc. (U.S.), BASF SE (Germany), Royal DSM (Netherlands), Scott Bader (U.K.), and U-Pica Technology Group (Japan), among others. Companies have adopted strategies such as new product launches, expansions & investments, partnership & joint venture, and mergers & acquisitions to cater to the growing demand for UPR worldwide.

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