According to the recent study the Indian UPR market is projected to reach an estimated $2.0 billion by 2028 from $1.3 billion in 2022, at a CAGR of 7.3% from 2022 to 2028. Growth in this market is primarily driven by low price of unsaturated polyester resin as compared to other resins such as epoxy and vinyl ester.
Browse 42 figures / charts and 30 tables in this 125 -page report to understand trends, opportunities and forecast in Indian UPR market by end use (transportation, wind energy, construction, marine, pipe and tank, aerospace & defense, electrical and electronics, consumer goods, and others).
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“Wnd energy market is expected to remain the largest segment during the forecast period.”
Based on end use, the Indian UPR market is segmented into transportation, wind energy, construction, marine, pipe and tank, aerospace & defense, electrical and electronics, consumer goods, and others. Lucintel forecasts that wind energywill remain the largest segment and it is also 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
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Major players of Indian UPR market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Polynt group, AOC, Ineos Composites, Reliance Industries Limited, Satyen Polymers, Natural Petrochemicals Pvt. Ltd. are among the major Indian UPR providers.
This unique 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 [email protected]