According to a new market report published by Lucintel, the future of the Indian UPR market looks promising with opportunities in transportation, wind energy, construction, marine, pipe and tank, aerospace and defense, electrical and electronics, and consumer goods end use industries. The Indian UPR market is expected to grow with a CAGR of 10.7% from 2021 to 2027.
Browse 30 market data tables and 42 figures spread through 125 pages and in-depth TOC on “Indian UPR Market"
The major driver for market growth is the low price of unsaturated polyester resin as compared to other resins such as epoxy and vinyl ester.
Within the Indian UPR market, transportation will remain the largest end use by value and volume due to the increasing automotive production and use of lightweight material in automotive and wind energy is expected to witness highest growth over the forecast period due to its various advantage like; corrosion resistance, high strength-to-weight ratio, low maintenance, and a longer lifecycle as compared to other traditional materials.
Emerging trends, which have a direct impact on the dynamics of the Indian UPR market, includes low styrene content unsaturated polyester resin, and increasing use of ecofriendly unsaturated polyester resin. Polynt-Reichhold, AOC, Ashland, Kemrock, and Satyen Polymers are among the major Indian UPR manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Indian UPR market by end use. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Indian UPR Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the Indian UPR market by end use as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis from 2016 to 2027]:
•Transportation
•Wind Energy
•Construction
•Marine
•Pipe and Tank
•Aerospace and Defense
•Electrical and Electronics
•Consumer Goods
•Others
This 125-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/indian-upr-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Indian UPR market by end use (transportation, wind energy, construction, marine, pipe and tank, aerospace & defense, electrical and electronics, consumer goods, and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?