Top 100 customers accounted for an estimated 65% of unsaturated polyester resin demand in FY 2011
Unsaturated Polyester Resins are widely used resin system in Indian Reinforced Plastics Industry. Composite Insights believes there is an enormous opportunity for unsaturated polyester resin (UPR) in the fabrication of fiber-reinforced plastics (FRP) products in India. Indian per-capita consumption of Reinforced UPR products is only 2% that of USA per-capita consumption.
The past fiscal year (ended 31, March 2011) continued to be turbulent for export market because of the slower than expected recovery after recession in certain markets of the world. The pace of infrastructure projects slowed down in India. Faced with rising prices for raw materials, the makers of resins have pushed price increases through the value chain. UPR demand has undoubtedly been impacted by all these factors in FY 2011. Although the growth rate was decelerated dramatically in FY 2011, the overall UPR demand has increased five-fold during the last decade.
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.
Customer base for UPR is mainly spread across western and southern regions of India. Both the regions together accounted for more than 80% of UPR demand in FY 2011.
As demand is rapidly growing and competition is increasing, there is an overriding requirement for material suppliers to understand the changing market dynamics and customers in order to gain competitive advantage. Customer mapping is crucial for material suppliers in developing customer oriented marketing strategies to capture more market share in a rapidly growing market.
This innovative research report 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 provides current and future UPR demand in Indian Reinforced plastics industry.
Over 400 pages long, the report provides all the intelligence required to gain competitive advantage in Indian Reinforced Plastics Industry.
Key Features
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Customer Mapping: UPR consumption level for leading composite molders in India; customer analysis by region
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Market Analysis: Demand for UPR in various market segments and consumption share by leading customers in FY 2011
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Pricing Analysis: Price trends for UPR resins and raw materials used to in producing UPR
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Supplier Analysis: Market share for UPR suppliers in FY 2011 and supplier profiles
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Trend & Forecast: Past and Future demand for UPR in various market segments
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