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Unsaturated polyester resin: Global market to reach USD 5.8 bn in 2015

Growing at a CAGR of 6.3% over the next 5 years, the global market for unsaturated polyester resin (UPR) is expected to reach USD 5.8 bn in 2015, predicts a new study by market research company Lucintel (Las Colinas, Texas / USA; www.lucintel.com). The researchers forecast that, as is true today, Europe will command a 20% share of this market in 2015 as well.

Spurred by growing environmental concern and its price advantage over alternative products, UPR is not only increasingly used in new products, it also allows for significant weight savings, according to the report. In the next five years, Lucintel predicts, the market will be driven by wind energy, marine, pipe, tank, transportation and construction.

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