USD 7.87 billion
Unsaturated Polyester Resins Market Size, Share, Growth Analysis, By Type (Orthophthalic Resins, Isophthalic Resins), By End Use Industry (Building & Construction, Marine), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2408 |
Region:
Global |
Published Date: November, 2024
Pages:
209
|Tables:
66
|Figures:
75
Unsaturated Polyester Resins Market Insights
Unsaturated Polyester Resins Market size was valued at USD 8.18 Billion in 2023 and is poised to grow from USD 8.5 Billion in 2024 to USD 11.54 Billion by 2032, growing at a CAGR of 3.90% during the forecast period (2025-2032).
Unsaturated polyester resins are primarily used in the manufacture of filled plastic products, such as gratings, tanks, pipes, sanitary ware, and high-performance parts for the marine and transportation industries, such as closure and body panels, fenders, boat hulls/decks, and other substantial glass fibre reinforced plastic articles. Coatings and adhesives both use unsaturated polyester resins. Unsaturated polyester resins are in increasing demand as infrastructure development picks up. The market for unsaturated polyester resins is also expected to grow quickly due to consumers' and enterprises' increased use of electric vehicles. Additionally, as the automobile industry has grown, there has been an increase in demand for unsaturated polyester resins because lighter vehicles are more fuel-efficient. With rising urbanization and population, there is a growing need for UPR products, which has led to a considerable expansion of the building and construction industry.
US Unsaturated Polyester Resins Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
orthophthalic
Fastest Growth
orthophthalic
Growth Rate
3.90% CAGR
Unsaturated Polyester Resins Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Unsaturated Polyester Resins Market Segmental Analysis
Global Unsaturated Polyester Resins Market is segmented by type, end user industry and region. Based on type, the market is segmented into orthophthalic resins, isophthalic resins, dicyclopentadiene resins, and other types. Based on end user industry, the market is segmented into building & construction, marine, transportation, pipes & tanks, electrical & electronics, wind energy, artificial stones, other end-use industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Unsaturated Polyester Resins Market Analysis by Type
Unsaturated polyester resins of all kinds are increasingly in demand worldwide in a variety of end-use sectors. Orthophthalic resins, isophthalic resins, and dicyclopentadiene (DCPD) resins are the three main product kinds of unsaturated polyester resins. The orthophthalic resins are among them and are likely to rule the market during the forecast period due to their expanding utilization in numerous end-use sectors. These resins are becoming more and more popular in composite or fibreglass due to their superior chemical resistance, flexibility, and high tensile strength. The marine industry makes use of orthophthalic resins. Global demand is anticipated to be driven by their additional applications, including adhesives, buttons, castings, composites, flooring materials, filler pastes, pigment pastes, polymer concrete, and tools.
Unsaturated Polyester Resins Market Analysis by End User
During the projection period, the construction industry is dominating the global unsaturated polyester resins market. For the production of composite materials, notably casting resins (non-reinforced) and plastics with glass fibre reinforcement, unsaturated polyester resin is regarded as an important polymer. The construction, maritime, and transportation sectors use glass fiber-reinforced polymers. However, a variety of cultured marbles are made using non-reinforced cross-linked unsaturated polyester resin. Because of their flexibility, light weight, and great corrosion resistance, unsaturated polyester resins are in high demand as the construction industry develops and grows. On the global market for unsaturated polyester resins, dicyclopentadiene (DCPD) resins, orthophthalic resins, and isophthalic resins are the main product types. The fibreglass sector, which requires very flexible products with extremely high strength and chemical resistance, is using isophthalic resins more and more frequently.
Unsaturated Polyester Resins Market By Type
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Unsaturated Polyester Resins Market Regional Insights
The global unsaturated polyester resins market is predicted to be dominated by the Asia Pacific region, offering market participants lucrative potential. Unsaturated polyester resins are increasingly being used in a variety of end-use industries, including the automotive, maritime, and construction and building sectors. China has increased its capacity for producing these polymers in order to increase revenue. One important element highlighting the regional market is the strengthening sales of composites made with unsaturated polyester resins in a number of end-use applications in the area. A number of businesses in important regions are engaging in mergers and acquisitions, which is likely to increase competition in the market. The market is currently undergoing advances toward consolidation.
Unsaturated Polyester Resins Market By Region
- Largest
- Fastest
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Unsaturated Polyester Resins Market Dynamics
Unsaturated Polyester Resins Market Driver
- Growing Demand from the Building and Construction Sector for Unsaturated Polyester Resin to Support Market Growth
For the production of items like window panels, roof tiles, floor tiles, and bathroom fixtures, this product is mostly used in the building and construction sector. Excellent surface finish, water resistance, wear resistance, stiffness, and superior electrical insulation are all benefits of using this product. As a result, the building and construction sector's rising demand is a major driver of the UPR market. The increased consumption of this commodity is a result of expanding construction activities globally to satisfy the high demand from the expanding population. In addition, the growth of public infrastructure and housing projects in developing nations is boosting the building and construction sector, which is expected to significantly boost the UPR market. The demand for this product is also being fueled by the growing urban population and restoration projects fueled by increased consumer disposable incomes.
Unsaturated Polyester Resins Market Restraint
- Availability of Alternatives to Impede Market Expansion
The demand for this product has significantly increased across a range of end-use industries. However, as a result, replacements have been created and put on the market. These alternatives, such nylon and epoxy resin, cause customers to switch to more readily available and less expensive resin raw materials, which slows the market's rate of expansion. Government rules regarding environmental protection and limiting the use of non-renewable resources as a conservation measure are also impeding the development of the market. In addition, the COVID-19 pandemic's temporary stoppage of industrial facilities is a constraining factor because it is causing a gap between supply and demand.
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Unsaturated Polyester Resins Market Competitive Landscape
The two main strategies companies use are joint ventures and capacity expansion. Reichold, Royal DSM, Deltech, Polynt, Dow, BASF SE, and INEOS are major players in the market. To obtain a competitive edge in the global market, businesses are using methods like distribution improvement, new product creation, acquisition, collaboration, and mergers. For instance, Reichold is one of the major suppliers of a wide variety of saturated and unsaturated polyester resins for use in a variety of applications. Deltech is another significant competitor with a wide selection of resins based mostly on unsaturated polyester and alkyd chemistry. The business can produce batches of resin weighing 20 tonnes.
Top Players in the Global Unsaturated Polyester Resins Market
- Polynt S.p.A. (Italy)
- INEOS (UK)
- Covestro AG (Germany)
- AOC (US)
- BASF SE (Germany)
- Resonac Holdings Corporation (Japan)
- Scott Bader Company Ltd. (UK)
- NewSolar Technology Group Co., Ltd. (China)
- Allnex GmbH (Germany)
- DIC Corporation (Japan)
- Yabang Investment Holding Group Co., Ltd. (China)
- UPC Technology Corporation (Taiwan)
- Poliya (Turkey)
- Barnices y Resinas S.A. de C.V. (Mexico)
- Turkuaz Polyester (Turkey)
- Dow (US)
- Eternal Materials Co., Ltd. (Taiwan)
- Interplastic Corporation (US)
- Sino Polymer Co., Ltd. (China)
- Qualipoly Chemical Corp. (Taiwan)
Unsaturated Polyester Resins Market Recent Developments
- In February 2020, In North America, INEOS unveiled a new low-profile resin for the marine and recreational vehicle industries. Boat builders and RV makers desire high strength and robust processing capabilities, which Aropol LP 67400 is designed to provide.
- In October 2021, AOC disclosed that CVC Capital Partners' shares of AOC have been fully acquired by Lone Star Fund XI.
- In July 2020, the sale of Ashland's maleic anhydride business to AOC Materials was officially announced. To make UPR, maleic anhydride is a typical raw ingredient. Therefore, this agreement will enable them to broaden their selection of unsaturated polyester resins.
Unsaturated Polyester Resins Key Market Trends
- There will be opportunities for growth due to the high demand for UPR from various end-use industries. The expansion of the main market is being positively impacted by the increasing demand for UPR from a number of end-use sectors, including automotive, aerospace, electrical & electronics, and marine. Printed circuit boards, ducts, and panels are all applications for this product. The automotive and marine sectors use this substance as a composite material to construct vehicles and boats. This material serves as a suitable product to be employed in various industries since composite materials created from it are affordable and lightweight, which leads to the strong demand for unsaturated polyester resin. Additionally, this material's advantageous qualities, including corrosion resistance, insulation, flexibility, strength, and durability, make it a good choice for use in electrical and electronic applications. Because of these characteristics, this product is a very demanding material for the production of microwave antennas, wiring boards, and electrical insulation devices. The need for products in end-use industries like wind, aerospace, and pipelines and tanks is also expected to grow in the near future, supporting increased product consumption.
Unsaturated Polyester Resins Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global unsaturated polyester resins market analysis, the greatest sector for UPR in emerging nations is infrastructure development and long-term construction projects. Countries in the Middle East, China, India, and Brazil are anticipated to expand their infrastructure spending. APAC's expected overall infrastructure growth rate is 11.2%, with China, India, Japan, Australia, and South Korea accounting for 80% of that growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.87 billion |
| Market size value in 2031 | USD 11.11 billion |
| Growth Rate | 3.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Unsaturated Polyester Resins Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Unsaturated Polyester Resins Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Unsaturated Polyester Resins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Unsaturated Polyester Resins Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Unsaturated Polyester Resins Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Unsaturated Polyester Resins Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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