An industrial resin is a synthetic polymer which finds its application as adhesive, film-forming or useful reactive properties. The Indian unsaturated polyester resin market is likely to grow significantly in the next five years. The market is mainly pioneered by domestic consumption basically by NGOs, government and civic bodies. The unsaturated polyester resin market in India saw a strong growth in the last couple of years due to resilient GDP growth, increased level of activity in manufacturing, and the growth in the sector. The other related market sector such as transportation is growing rapidly, helping the growth of Indian unsaturated polyester resin market. The Indian unsaturated polyester resin market is expected to reach 445 million pounds by 2018. The raw materials needed for this industry are priced quite high as compared to traditional metals such as steel and aluminum and this poses a challenge for the unsaturated polyester resin industry in India. Polyester resin covers up more than half of the resin used in Indian composite industry. Low cost price of unsaturated polyester resin as compared to other resins such as epoxy and vinyl ester is also a driving factor for growing demand of it. The regions covering this industrial sector are Hyderabad, Chennai, Pune, Bangalore, New Delhi, Ahmedabad and Mumbai.
