Unsaturated Polyester Resins - Global Strategic Business Report

The global market for Unsaturated Polyester Resins was valued at USD 11 Billion in 2024 and is projected to reach USD 15.6 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Unsaturated Polyester Resins Market - Key Trends & Drivers Summarized

What Are Unsaturated Polyester Resins and Why Are They Vital?

Unsaturated polyester resins (UPRs) are a type of thermosetting polymer widely used in the production of fiber-reinforced plastics, coatings, adhesives, and other composite materials. These resins are known for their excellent mechanical properties, chemical resistance, and ease of processing, making them vital in various industrial applications. UPRs are typically used in combination with reinforcing materials such as fiberglass to produce strong, lightweight, and durable composite products. The versatility of UPRs allows them to be used in a wide range of industries, including automotive, construction, marine, and electrical. The ability to tailor the properties of unsaturated polyester resins by modifying their chemical composition makes them an indispensable material in the manufacturing of high-performance composites.

How Has the Development of UPRs Evolved Over Time?

The development of unsaturated polyester resins has evolved significantly, driven by advances in polymer chemistry and the increasing demand for high-performance composite materials. Innovations in resin formulation have led to the creation of UPRs with enhanced properties, such as improved thermal stability, greater chemical resistance, and reduced shrinkage during curing. The introduction of low-styrene and styrene-free UPRs has addressed environmental and health concerns associated with volatile organic compounds (VOCs), making these resins more environmentally friendly. Additionally, the development of specialty UPRs tailored for specific applications, such as fire-retardant resins for construction and transportation, has expanded the use of UPRs in industries that require stringent safety standards. The evolution of manufacturing techniques, including automated processes and the use of advanced curing agents, has also improved the efficiency and consistency of UPR production.

Where Are Unsaturated Polyester Resins Most Commonly Applied?

Unsaturated polyester resins are most commonly applied in the construction, automotive, and marine industries. In the construction industry, UPRs are used to produce composite panels, roofing materials, pipes, and tanks, where their strength, durability, and resistance to corrosion are highly valued. The automotive industry utilizes UPRs in the production of lightweight components such as body panels, bumpers, and interior parts, which help improve fuel efficiency and reduce emissions. In the marine industry, UPRs are essential for manufacturing boat hulls, decks, and other structural components, where their resistance to water and harsh environmental conditions ensures long-term performance. Additionally, UPRs are used in the production of electrical components, such as circuit boards and insulators, where their insulating properties and resistance to heat and chemicals are crucial.

What Is Driving the Growth of the Unsaturated Polyester Resins Market?

The growth in the unsaturated polyester resins market is driven by several factors, including the increasing demand for lightweight and durable materials, advancements in resin technology, and the expanding use of composites in various industries. The construction industry's growing need for corrosion-resistant and high-strength materials is a significant driver, as UPRs offer an ideal solution for infrastructure projects. The automotive industry's shift towards lightweight materials to improve fuel efficiency and reduce emissions is also boosting demand for UPRs, particularly in the production of composite components. Technological advancements, such as the development of environmentally friendly and specialty resins, are further contributing to market growth by meeting the evolving needs of various industries. The expanding application of composites in the marine, electrical, and renewable energy sectors is also driving demand for UPRs, as these resins provide the necessary performance characteristics for these demanding applications.

Report Scope

The report analyzes the Unsaturated Polyester Resins market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Orthophthalic, Isophthalic, DCPD, Other Types); End-Use (Building & Construction, Pipes & Tanks, Land Transportation, Electrical & Electronics, Artificial Stone, Other End-Uses).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Orthophthalic Resins segment, which is expected to reach $5.6 Billion by 2030 with a CAGR of a 6.5%. The Isophthalic Resins segment is also set to grow at 5.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $2.9 Billion in 2024, and China, forecasted to grow at an impressive 9.8% CAGR to reach $3.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AOC LLC, Ashland, Inc., BASF SE, Nuplex Industries Ltd., Polynt S.P.A. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Unsaturated Polyester Resins Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Unsaturated Polyester Resins Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Unsaturated Polyester Resins Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 47 major companies featured in this Unsaturated Polyester Resins market report include:

• AOC LLC
• Ashland, Inc.
• BASF SE
• Nuplex Industries Ltd.
• Polynt S.P.A.
• Reichhold LLC
• Royal DSM NV
• Scott Bader Company Ltd.
• UPC Technology Corp.
• U-PiCA Company Ltd.