Market Our Approach Summary
A rise in the use of unsaturated polyester resin for use in water tanks , pipes and marine & automotive industries is also one of the major factors driving the market growth .
One of the major factors restricting the market growth is the mandating of stringent regulations and policies . The EPA and REACH have framed certain stringent regulations and policies which are likely to hinder the market growth .
The North America market would witness a slow growth in the consumption of isopthalic acid . The market growth of the isopthalic acid in North America is chiefly contributed by the rising production of PET bottle resin in the United States . In Europe market would be more restricted due to stiff competition from the supply of material for PET bottle resin from counties in the Middle East region .