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According to Composite Insights’ latest market study, there is an enormous opportunity for unsaturated polyester resin (UPR) in the fabrication of fibre-reinforced plastic (FRP) products in India.
The report showed that the overall market for resin matrices in Indian reinforced plastics industry recorded a healthy growth rate in FY 2011. However, the growth rate for UPR demand was relatively very low compared to growth rates for Epoxy and Thermoplastic resin demand. Future looks prosperous for UPR material. The growth in domestic market and recovery in export market fuels the growth for UPR demand, which is forecast to increase by about 2.5 times by fiscal year ended March 31, 2017.
Composite Insights say the research report “Customer Mapping for Indian Unsaturated Polyester Resin Industry” highlights the pattern in UPR consumption for more than 225 leading customers across the regions and market segments; examines the 10 leading resin suppliers and ranks based on market share; evaluates the impact of raw material price trend on UPR price and Includes current and future UPR demand in Indian Reinforced plastics industry.
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