Unsaturated Polyester Resins Market Size, Share, Growth, Trends, and Industry Analysis: By Type, By Formulation, By End-Use Industry, and Region
Unsaturated Polyester Resins Market size was valued at US$ 12,258.7 Million in 2023 and is anticipated to grow at a CAGR of 6.1% over 2024-2030. The unsaturated polyester resins market refers to the global industry involved in the production, distribution, and application of unsaturated polyester resins. Unsaturated polyester resins are a type of thermosetting polymer formed by the reaction of dibasic organic acids and polyhydric alcohols. The resulting resin has a unique combination of mechanical strength, chemical resistance, and flexibility, making it suitable for diverse applications. The unsaturated polyester resins market is majorly driven by growing demand in the construction industry. Unsaturated polyester resins find extensive use in the construction sector for various applications, such as pipes, panels, roofing, and flooring materials.
The booming construction industry, driven by urbanization and infrastructure development, fuels the demand for unsaturated polyester resins market. Moreover, unsaturated polyester resins increasingly used in automotive and transportation to manufacture lightweight and durable parts, reducing vehicle weight and improving fuel efficiency. The growing automotive industry worldwide, coupled with a focus on fuel economy and emission reduction, boosts the demand for unsaturated polyester resins. Furthermore, shifting towards sustainable and bio-based unsaturated polyester resins owing to the changing consumer and industrial preferences is presenting potential opportunities for the growth and development of the unsaturated polyester resins market. However, The UPR market faces competition from other types of resins, such as epoxy resins, vinyl ester resins, and phenolic resins, which acts as a potential challenge for the growth of the unsaturated polyester resins market. Key manufacturers are continuously involved in announcing collaboration, acquisitions and innovative launches to expand their product portfolio and satisfy the rising demand from various end-use industries. For example, in October 2020, AOC acquired Spolchemie unsaturated polyester resins operations in Czech Republic to strengthen its product portfolio.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
Asia PacificFastest Growing Market
North America
The rising demand in renewable energy sector is majorly driving the unsaturated polyester resins market. The increasing adoption of renewable energy sources, such as solar and wind energy, has led to a surge in the demand for composite materials, including unsaturated polyester resins. Wind turbine blades, in particular, rely heavily on UPR for their lightweight, high strength, and durable properties. Moreover, the marine industry continues to witness growth, which drives the increasing demand of unsaturated polyester resins. Exceptional water resistance, strength, and durability of unsaturated polyester resins make it an attractive material choice for various marine applications, such as boat hulls and decks, which significantly drives the for market expansion. Furthermore, continuous research and development in resin formulations and manufacturing processes lead to improved properties and cost-effectiveness, encouraging its adoption across industries.
Unsaturated polyester resins market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region held a significant share in the unsaturated polyester resins market. China, India, and Southeast Asian countries were among the major consumers of unsaturated polyester resins. The growth in the construction and automotive industries, along with increasing infrastructure development, drove the demand for unsaturated polyester resins in the region. North America is another prominent market for unsaturated polyester resins, with the United States being the key consumer. The region's focus on advancements in composite materials and the increasing demand of lightweight materials in aerospace and marine applications contributed to the growth and development of unsaturated polyester resins market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.1% |
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By Type |
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By Formulation |
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By End User |
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By Region |
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The global Unsaturated polyester resins market was valued at US$ 12,258.7 Million in 2023 and is anticipated to grow at a CAGR of 6.1% over 2024-2030.
Growing demand for eco-friendly resins and application diversification is some of the factors that create potential opportunities for the growth of the unsaturated polyester resins market.
The advancements in composite materials and development of fire-retardant formulations are some of the major trends in the unsaturated polyester resins market.
AOC LLC, Ashland LLC, Von Roll, BASF SE, INEOS Group, CCP Composites Ltd, Royal DSM, E. I. Du Pont, Allnex Resins Australia Pty Ltd, TIANHE RESIN CO., Polynt Composites USA Inc., LERG SA, Reichhold Inc., Dow Inc., Koninklijke DSM N.V., Scott Bader Company Ltd. and Upc Technology Corporation, etc. are a few companies operating in unsaturated polyester resins market.
| 1.Executive Summary |
| 2.Global Unsaturated Polyester Resins Market Introduction |
| 2.1.Global Unsaturated Polyester Resins Market - Taxonomy |
| 2.2.Global Unsaturated Polyester Resins Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Formulation |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Unsaturated Polyester Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Unsaturated Polyester Resins Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Unsaturated Polyester Resins Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Orthophthalic Resin |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Isophthalic Resin |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Dicyclopentadiene |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Unsaturated Polyester Resins Market By Formulation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Liquid Form |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Powder Form |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Unsaturated Polyester Resins Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Building & Construction |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Tanks & Pipes |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Energy |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Chemicals |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Electrical |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Marine |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Transport |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Others |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8.Global Unsaturated Polyester Resins Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Unsaturated Polyester Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Orthophthalic Resin |
| 9.1.2.Isophthalic Resin |
| 9.1.3.Dicyclopentadiene |
| 9.1.4.Others |
| 9.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Liquid Form |
| 9.2.2.Powder Form |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Building & Construction |
| 9.3.2.Tanks & Pipes |
| 9.3.3.Energy |
| 9.3.4.Chemicals |
| 9.3.5.Electrical |
| 9.3.6.Marine |
| 9.3.7.Transport |
| 9.3.8.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Unsaturated Polyester Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Orthophthalic Resin |
| 10.1.2.Isophthalic Resin |
| 10.1.3.Dicyclopentadiene |
| 10.1.4.Others |
| 10.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Liquid Form |
| 10.2.2.Powder Form |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Building & Construction |
| 10.3.2.Tanks & Pipes |
| 10.3.3.Energy |
| 10.3.4.Chemicals |
| 10.3.5.Electrical |
| 10.3.6.Marine |
| 10.3.7.Transport |
| 10.3.8.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Unsaturated Polyester Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Orthophthalic Resin |
| 11.1.2.Isophthalic Resin |
| 11.1.3.Dicyclopentadiene |
| 11.1.4.Others |
| 11.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Liquid Form |
| 11.2.2.Powder Form |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Building & Construction |
| 11.3.2.Tanks & Pipes |
| 11.3.3.Energy |
| 11.3.4.Chemicals |
| 11.3.5.Electrical |
| 11.3.6.Marine |
| 11.3.7.Transport |
| 11.3.8.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Unsaturated Polyester Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Orthophthalic Resin |
| 12.1.2.Isophthalic Resin |
| 12.1.3.Dicyclopentadiene |
| 12.1.4.Others |
| 12.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Liquid Form |
| 12.2.2.Powder Form |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Building & Construction |
| 12.3.2.Tanks & Pipes |
| 12.3.3.Energy |
| 12.3.4.Chemicals |
| 12.3.5.Electrical |
| 12.3.6.Marine |
| 12.3.7.Transport |
| 12.3.8.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Unsaturated Polyester Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Orthophthalic Resin |
| 13.1.2.Isophthalic Resin |
| 13.1.3.Dicyclopentadiene |
| 13.1.4.Others |
| 13.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Liquid Form |
| 13.2.2.Powder Form |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Building & Construction |
| 13.3.2.Tanks & Pipes |
| 13.3.3.Energy |
| 13.3.4.Chemicals |
| 13.3.5.Electrical |
| 13.3.6.Marine |
| 13.3.7.Transport |
| 13.3.8.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.AOC LLC |
| 14.2.2.Ashland LLC |
| 14.2.3.Von Roll |
| 14.2.4.BASF SE |
| 14.2.5.INEOS Group |
| 14.2.6.CCP Composites Ltd |
| 14.2.7.Royal DSM |
| 14.2.8.I. Du Pont |
| 14.2.9.Allnex Resins Australia Pty Ltd |
| 14.2.10.TIANHE RESIN CO. |
| 14.2.11.Polynt Composites USA Inc. |
| 14.2.12.LERG SA |
| 14.2.13.Reichhold Inc. |
| 14.2.14.Dow Inc. |
| 14.2.15.Koninklijke DSM N.V. |
| 14.2.16.Scott Bader Company Ltd. |
| 14.2.17.Upc Technology Corporation |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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