Unsaturated Polyester Resin Market Size, Share, Growth Analysis, By Type(Orthophthalic resin, Isophthalic resin, Dicyclopentadiene (DCPD), Others (Gelcoat resin), By End-use Industry(Building & Construction, Marine, Transportation, Pipes & Tanks), By Form(Liquid Form, Powder Form), By Region - Industry Forecast 2024-2031

Unsaturated Polyester Resin Market size was valued at USD 7.87 billion in 2022 and is poised to grow from USD 8.18 billion in 2023 to USD 11.11 billion by 2031, growing at a CAGR of 3.90% in the forecast period (2024-2031).

One of the key factors driving the growth of the global unsaturated polyester resin market is the increasing demand for lightweight and durable materials in the automotive and aerospace sectors. Unsaturated polyester resin offers a lightweight alternative to traditional materials like metal, resulting in improved fuel efficiency and reduced emissions. Additionally, the rising demand for electric vehicles is further boosting the market as unsaturated polyester resin is used in the manufacturing of battery enclosures and components. The construction industry is another major consumer of unsaturated polyester resin. The increasing investments in infrastructure development, particularly in emerging economies, are fueling the demand for construction materials. Unsaturated polyester resin is used in applications such as pipes, tanks, panels, and roofing due to its high corrosion resistance and durability. Moreover, the growing trend towards sustainable and eco-friendly construction practices is driving the adoption of unsaturated polyester resin as it can be easily recycled and offers low volatile organic compound (VOC) emissions.

US Unsaturated Polyester Resin Market is poised to grow at a sustainable CAGR for the next forecast year.