Global Unsaturated Polyester Resins Market

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 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Unsaturated Polyester Resins 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% during the forecast period (2024-2031). 

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. '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) '

Growing Demand from the Building and Construction Sector for Unsaturated Polyester Resin to Support Market Growth

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Unsaturated Polyester Resins Market

Report ID: SQMIG15E2408

$5,300
BUY NOW GET FREE SAMPLE