The global Unsaturated Polyester Resins Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Orthophthalic Resin, Isophthalic Resin, Dicyclopentadiene (DCPD), Others), By End-User (Building & Construction, Marine, Transportation, Pipes & Tanks, Electrical & Electronics, Wind Energy, Artificial Stones, Others).
Unsaturated polyester resins (UPRs) remain versatile and widely used thermosetting resins in 2024, finding applications in composites, coatings, adhesives, and construction materials. These resins are synthesized by the condensation polymerization of unsaturated dibasic acids or anhydrides with diols, resulting in a viscous liquid that can be cured by crosslinking with a reactive monomer such as styrene. UPRs offer advantages such as excellent corrosion resistance, mechanical properties, and moldability, making them suitable for a wide range of applications. In composites manufacturing, UPRs serve as matrix materials for fiberglass reinforced plastics (FRP), used in marine, automotive, and construction industries for applications such as boat hulls, automotive panels, and building facades. Additionally, UPRs are utilized in gelcoats, laminating resins, and casting resins for corrosion protection, surface finishing, and decorative applications. With ongoing developments in resin chemistry, curing technologies, and sustainability initiatives, UPRs to be indispensable materials driving innovation and performance in various sectors.
The market report analyses the leading companies in the industry including Allnex GmbH, Ashland Inc, BASF SE, Covestro AG, Dow Chemical Co., Eternal Materials Co. Ltd, Evergreen Chemicals Co. Ltd, Huizhou Goodupr Composites Ltd, INEOS, Mitsubishi Gas Chemical Co. Inc, Polynt SpA, Revex Plasticisers Pvt. Ltd, Swancor Holding Co. Ltd, UPC Technology Corp, and others.
A significant market trend in the unsaturated polyester resins industry is the growing demand in construction and infrastructure projects. Unsaturated polyester resins, known for their versatility, durability, and corrosion resistance, are increasingly being used as binders and matrices in composite materials for construction applications. This trend is driven by the increasing investment in infrastructure development, urbanization, and renovation projects globally. Unsaturated polyester resins are utilized in various construction applications such as pipes, tanks, panels, bridges, and building facades, where they offer advantages such as lightweight, high strength-to-weight ratio, and ease of fabrication. As governments and private sectors invest in infrastructure projects to meet growing population demands and upgrade aging infrastructure, the demand for unsaturated polyester resins as a key material for composite construction continues to rise, shaping the market towards greater utilization in construction and infrastructure sectors.
The driver behind the growth of the unsaturated polyester resins market is advancements in composite manufacturing technologies. Innovations in resin formulation, curing processes, and fiber reinforcement techniques have led to the development of high-performance composite materials with improved mechanical properties, fire resistance, and sustainability. Unsaturated polyester resins are compatible with various reinforcement fibers such as glass, carbon, and aramid, enabling manufacturers to tailor composite structures for specific applications and performance requirements. Additionally, advancements in additive manufacturing, automation, and digital design tools offer new opportunities for the customization, rapid prototyping, and cost-effective production of composite components using unsaturated polyester resins. These technological advancements drive market growth, foster innovation, and expand the application potential of unsaturated polyester resins in diverse industries including construction, transportation, marine, and renewable energy.
An opportunity for growth and diversification in the unsaturated polyester resins market lies in expansion into automotive and transportation industries. While unsaturated polyester resins are commonly used in construction and infrastructure applications, there is potential for penetration into new sectors such as automotive components, transportation equipment, and vehicle body panels. In automotive manufacturing, unsaturated polyester resins can be utilized for producing lightweight composite parts such as interior trim, spoilers, and underbody components, contributing to fuel efficiency, emissions reduction, and vehicle performance. Similarly, in transportation industries such as aerospace, rail, and marine, unsaturated polyester resins offer advantages such as corrosion resistance, design flexibility, and cost efficiency, making them suitable for applications such as aircraft interiors, railway components, and boat hulls. By exploring new applications and market segments, unsaturated polyester resin manufacturers can diversify their product offerings, expand their customer base, and capitalize on opportunities for growth and market expansion beyond traditional construction markets.
Within the Unsaturated Polyester Resins market, the Orthophthalic Resin segment is the largest and most significant. In particular, orthophthalic resins are widely used in various industries such as construction, marine, automotive, and electrical due to their versatility, cost-effectiveness, and ease of processing. These resins offer good mechanical properties, chemical resistance, and weatherability, making them suitable for a wide range of applications including fiberglass reinforced plastics (FRP), composites, coatings, and adhesives. Moreover, orthophthalic resins are commonly utilized as a base resin in composite manufacturing processes, providing a reliable and durable matrix for reinforcing fibers. Additionally, the orthophthalic resin market benefits from the continuous development of new formulations and manufacturing techniques, further enhancing their performance and expanding their application scope. As a result, the Orthophthalic Resin segment maintains its position as the largest and most dominant segment within the Unsaturated Polyester Resins market, with sustained growth expected as industries continue to demand high-quality, cost-effective resin solutions for their manufacturing needs.
Among the various end-user segments in the Unsaturated Polyester Resins market, the Wind Energy sector stands out as the fastest-growing segment. In particular, the increasing global focus on renewable energy sources, particularly wind power, has led to a surge in demand for materials suitable for manufacturing wind turbine blades. Unsaturated polyester resins offer potential advantages for wind turbine blade construction, including high strength-to-weight ratio, excellent fatigue resistance, and corrosion resistance. These resins provide a durable and lightweight matrix for reinforcing fibers, such as fiberglass, in wind turbine blade manufacturing, contributing to improved energy efficiency and longevity of wind turbines. Moreover, the rapid expansion of wind energy projects worldwide, driven by government incentives, environmental regulations, and technological advancements, further boosts the demand for unsaturated polyester resins in the wind energy sector. Additionally, ongoing research and development efforts aimed at enhancing the performance and sustainability of composite materials used in wind turbine blades continue to drive innovation and growth in the unsaturated polyester resins market. As a result, the Wind Energy sector is experiencing significant expansion within the Unsaturated Polyester Resins market, with sustained growth anticipated as the global transition towards renewable energy sources continues.
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Allnex GmbH
Ashland Inc
BASF SE
Covestro AG
Dow Chemical Co.
Eternal Materials Co. Ltd
Evergreen Chemicals Co. Ltd
Huizhou Goodupr Composites Ltd
INEOS
Mitsubishi Gas Chemical Co. Inc
Polynt SpA
Revex Plasticisers Pvt. Ltd
Swancor Holding Co. Ltd
UPC Technology Corp
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Unsaturated Polyester Resins Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Unsaturated Polyester Resins Market Size Outlook, $ Million, 2021 to 2032
3.2 Unsaturated Polyester Resins Market Outlook by Type, $ Million, 2021 to 2032
3.3 Unsaturated Polyester Resins Market Outlook by Product, $ Million, 2021 to 2032
3.4 Unsaturated Polyester Resins Market Outlook by Application, $ Million, 2021 to 2032
3.5 Unsaturated Polyester Resins Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Unsaturated Polyester Resins Industry
4.2 Key Market Trends in Unsaturated Polyester Resins Industry
4.3 Potential Opportunities in Unsaturated Polyester Resins Industry
4.4 Key Challenges in Unsaturated Polyester Resins Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Unsaturated Polyester Resins Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Unsaturated Polyester Resins Market Outlook by Segments
7.1 Unsaturated Polyester Resins Market Outlook by Segments, $ Million, 2021- 2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
8 North America Unsaturated Polyester Resins Market Analysis and Outlook To 2032
8.1 Introduction to North America Unsaturated Polyester Resins Markets in 2024
8.2 North America Unsaturated Polyester Resins Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Unsaturated Polyester Resins Market size Outlook by Segments, 2021-2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
9 Europe Unsaturated Polyester Resins Market Analysis and Outlook To 2032
9.1 Introduction to Europe Unsaturated Polyester Resins Markets in 2024
9.2 Europe Unsaturated Polyester Resins Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Unsaturated Polyester Resins Market Size Outlook by Segments, 2021-2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
10 Asia Pacific Unsaturated Polyester Resins Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Unsaturated Polyester Resins Markets in 2024
10.2 Asia Pacific Unsaturated Polyester Resins Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Unsaturated Polyester Resins Market size Outlook by Segments, 2021-2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
11 South America Unsaturated Polyester Resins Market Analysis and Outlook To 2032
11.1 Introduction to South America Unsaturated Polyester Resins Markets in 2024
11.2 South America Unsaturated Polyester Resins Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Unsaturated Polyester Resins Market size Outlook by Segments, 2021-2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
12 Middle East and Africa Unsaturated Polyester Resins Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Unsaturated Polyester Resins Markets in 2024
12.2 Middle East and Africa Unsaturated Polyester Resins Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Unsaturated Polyester Resins Market size Outlook by Segments, 2021-2032
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Allnex GmbH
Ashland Inc
BASF SE
Covestro AG
Dow Chemical Co.
Eternal Materials Co. Ltd
Evergreen Chemicals Co. Ltd
Huizhou Goodupr Composites Ltd
INEOS
Mitsubishi Gas Chemical Co. Inc
Polynt SpA
Revex Plasticisers Pvt. Ltd
Swancor Holding Co. Ltd
UPC Technology Corp
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene (DCPD)
Others
By End-User
Building & Construction
Marine
Transportation
Pipes & Tanks
Electrical & Electronics
Wind Energy
Artificial Stones
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Unsaturated Polyester Resins Market Size is valued at $13.9 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.8% to reach $20.2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Allnex GmbH, Ashland Inc, BASF SE, Covestro AG, Dow Chemical Co., Eternal Materials Co. Ltd, Evergreen Chemicals Co. Ltd, Huizhou Goodupr Composites Ltd, INEOS, Mitsubishi Gas Chemical Co. Inc, Polynt SpA, Revex Plasticisers Pvt. Ltd, Swancor Holding Co. Ltd, UPC Technology Corp
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume