Global Unsaturated Polyester Resin Market Size Study, by Form (Liquid, Solid), by Curing Type (Room Temperature Curing, Heat Curing, UV Curing), by Degree of Unsaturation (High, Medium, Low), by Application (Fiberglass Reinforced Plastics, Transportation,
Description
The Global Unsaturated Polyester Resin (UPR) Market, valued at approximately USD 14.39 billion in 2023, is projected to grow at a CAGR of 2.80% over the forecast period 2024-2032. The increasing demand for high-strength, lightweight, and corrosion-resistant materials across industries such as construction, automotive, marine, and aerospace is significantly driving market expansion. Unsaturated polyester resins are widely used in fiberglass-reinforced plastics (FRP) due to their exceptional mechanical properties, durability, and cost-effectiveness.
The construction sector remains one of the leading consumers of UPR, utilizing it in panels, pipes, roofing sheets, and composites due to its superior weather resistance and mechanical stability. Similarly, the automotive and transportation industry leverages UPR for lightweight structural components, enhancing vehicle fuel efficiency and durability. Additionally, the marine sector increasingly employs UPR-based composites to develop high-performance boat hulls and corrosion-resistant structures. The adoption of eco-friendly and low-VOC resins is further accelerating market growth, driven by stringent environmental regulations and a shift toward sustainable materials.
Despite its expanding applications, fluctuations in raw material prices and concerns over styrene emissions pose challenges to market growth. However, advancements in bio-based UPR formulations, improved curing technologies, and increased investment in R&D are expected to mitigate these limitations. Moreover, the rise in high-performance composites for wind energy and aerospace applications is unlocking new growth opportunities, further propelling market expansion.
Regionally, Asia-Pacific dominates the global UPR market, fueled by rapid industrialization, urban infrastructure development, and the growing demand for composite materials in China, India, and South Korea. North America and Europe are also experiencing steady growth, driven by regulatory support for sustainable materials, advancements in automotive composites, and increasing FRP adoption in industrial applications. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual market penetration, supported by expanding marine, construction, and industrial sectors.
Major Market Players Included in This Report:
• Ashland Global Holdings Inc.
• Reichhold LLC
• Royal DSM N.V.
• Polynt-Reichhold Group
• Scott Bader Company Ltd.
• Swancor Holding Co., Ltd.
• AOC Resins
• U-PICA Company Ltd.
• INEOS Composites
• Aliancys AG
• Atul Ltd.
• Eternal Materials Co., Ltd.
• Satyen Polymers Pvt Ltd.
• Deltech Resins Company
• Interplastic Corporation
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Form:
• Liquid
• Solid
By Curing Type:
• Room Temperature Curing
• Heat Curing
• UV Curing
By Degree of Unsaturation:
• High
• Medium
• Low
By Application:
• Fiberglass Reinforced Plastics (FRP)
• Transportation
• Marine
• Building and Construction
• Tanks and Pipes
• Other Applications
By Region:
North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenue insights and regional-level analysis for each market segment.
• In-depth geographical analysis with country-specific data.
• Competitive landscape evaluation, including strategic developments by key market players.
• Industry trend analysis, technological advancements, and future growth opportunities.
• Demand-side and supply-side dynamics assessment in the global UPR industry.
The construction sector remains one of the leading consumers of UPR, utilizing it in panels, pipes, roofing sheets, and composites due to its superior weather resistance and mechanical stability. Similarly, the automotive and transportation industry leverages UPR for lightweight structural components, enhancing vehicle fuel efficiency and durability. Additionally, the marine sector increasingly employs UPR-based composites to develop high-performance boat hulls and corrosion-resistant structures. The adoption of eco-friendly and low-VOC resins is further accelerating market growth, driven by stringent environmental regulations and a shift toward sustainable materials.
Despite its expanding applications, fluctuations in raw material prices and concerns over styrene emissions pose challenges to market growth. However, advancements in bio-based UPR formulations, improved curing technologies, and increased investment in R&D are expected to mitigate these limitations. Moreover, the rise in high-performance composites for wind energy and aerospace applications is unlocking new growth opportunities, further propelling market expansion.
Regionally, Asia-Pacific dominates the global UPR market, fueled by rapid industrialization, urban infrastructure development, and the growing demand for composite materials in China, India, and South Korea. North America and Europe are also experiencing steady growth, driven by regulatory support for sustainable materials, advancements in automotive composites, and increasing FRP adoption in industrial applications. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual market penetration, supported by expanding marine, construction, and industrial sectors.
Major Market Players Included in This Report:
• Ashland Global Holdings Inc.
• Reichhold LLC
• Royal DSM N.V.
• Polynt-Reichhold Group
• Scott Bader Company Ltd.
• Swancor Holding Co., Ltd.
• AOC Resins
• U-PICA Company Ltd.
• INEOS Composites
• Aliancys AG
• Atul Ltd.
• Eternal Materials Co., Ltd.
• Satyen Polymers Pvt Ltd.
• Deltech Resins Company
• Interplastic Corporation
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Form:
• Liquid
• Solid
By Curing Type:
• Room Temperature Curing
• Heat Curing
• UV Curing
By Degree of Unsaturation:
• High
• Medium
• Low
By Application:
• Fiberglass Reinforced Plastics (FRP)
• Transportation
• Marine
• Building and Construction
• Tanks and Pipes
• Other Applications
By Region:
North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenue insights and regional-level analysis for each market segment.
• In-depth geographical analysis with country-specific data.
• Competitive landscape evaluation, including strategic developments by key market players.
• Industry trend analysis, technological advancements, and future growth opportunities.
• Demand-side and supply-side dynamics assessment in the global UPR industry.
Table of Contents
285 Pages
- Chapter 1. Global Unsaturated Polyester Resin Market Executive Summary
- 1.1. Global Unsaturated Polyester Resin Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. {By Form & Curing Type}
- 1.3.2. {By Degree of Unsaturation & Application}
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Unsaturated Polyester Resin Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Unsaturated Polyester Resin Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing demand for high-strength, lightweight, and corrosion-resistant resins
- 3.1.2. Rising application in fiberglass reinforced plastics, transportation, and marine sectors
- 3.1.3. Adoption of eco-friendly, low-VOC resins amid stringent environmental regulations
- 3.2. Market Challenges
- 3.2.1. Fluctuating raw material prices and concerns over styrene emissions
- 3.2.2. High production costs and technological limitations in curing processes
- 3.3. Market Opportunities
- 3.3.1. Advancements in bio-based UPR formulations and curing technologies
- 3.3.2. Expansion of high-performance composites for wind energy and aerospace applications
- 3.3.3. Strategic investments and R&D collaborations driving innovative applications
- Chapter 4. Global Unsaturated Polyester Resin Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Unsaturated Polyester Resin Market Size & Forecasts by Form & Curing Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global UPR Market: {Form & Curing Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Liquid
- 5.2.2. Solid
- 5.2.3. Room Temperature Curing
- 5.2.4. Heat Curing
- 5.2.5. UV Curing
- Chapter 6. Global Unsaturated Polyester Resin Market Size & Forecasts by Degree of Unsaturation 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global UPR Market: {Degree of Unsaturation} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. High
- 6.2.2. Medium
- 6.2.3. Low
- Chapter 7. Global Unsaturated Polyester Resin Market Size & Forecasts by Application 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global UPR Market: {Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Fiberglass Reinforced Plastics (FRP)
- 7.2.2. Transportation
- 7.2.3. Marine
- 7.2.4. Building and Construction
- 7.2.5. Tanks and Pipes
- 7.2.6. Other Applications
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. {Company 1}
- 8.1.2. {Company 2}
- 8.1.3. {Company 3}
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. {First Company}
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. {Company 4}
- 8.3.3. {Company 5}
- 8.3.4. {Company 6}
- 8.3.5. {Company 7}
- 8.3.6. {Company 8}
- 8.3.7. {Company 9}
- 8.3.8. {Company 10}
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- List of Tables
- TABLE 1. Global Unsaturated Polyester Resin Market, Report Scope
- TABLE 2. Global Unsaturated Polyester Resin Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
- TABLE 3. Global Unsaturated Polyester Resin Market Estimates & Forecasts by Form & Curing Type 2022-2032 (USD Million/Billion)
- TABLE 4. Global Unsaturated Polyester Resin Market Estimates & Forecasts by Degree of Unsaturation 2022-2032 (USD Million/Billion)
- TABLE 5. Global Unsaturated Polyester Resin Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
- TABLE 6. Global Unsaturated Polyester Resin Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 7. Global Unsaturated Polyester Resin Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 8. Global Unsaturated Polyester Resin Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 9. Global Unsaturated Polyester Resin Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 10. Global Unsaturated Polyester Resin Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 11. Global Unsaturated Polyester Resin Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 12. Global Unsaturated Polyester Resin Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 13. Global Unsaturated Polyester Resin Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 14. Global Unsaturated Polyester Resin Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 15. U.S. Unsaturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 16. U.S. Unsaturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 17. U.S. Unsaturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 18. Canada Unsaturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 19. Canada Unsaturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 20. Canada Unsaturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- … (List continues as per final deliverable)
- List of Figures
- FIGURE 1. Global Unsaturated Polyester Resin Market, Research Methodology
- FIGURE 2. Global Unsaturated Polyester Resin Market, Market Estimation Techniques
- FIGURE 3. Global Market Size Estimates & Forecast Methods.
- FIGURE 4. Global Unsaturated Polyester Resin Market, Key Trends 2023
- FIGURE 5. Global Unsaturated Polyester Resin Market, Growth Prospects 2022-2032
- FIGURE 6. Global Unsaturated Polyester Resin Market, Porter’s 5 Force Model
- FIGURE 7. Global Unsaturated Polyester Resin Market, PESTEL Analysis
- FIGURE 8. Global Unsaturated Polyester Resin Market, Value Chain Analysis
- FIGURE 9. Global Unsaturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 10. Global Unsaturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 11. Global Unsaturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 12. Global Unsaturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 13. Global Unsaturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 14. Global Unsaturated Polyester Resin Market, Regional Snapshot 2022 & 2032
- FIGURE 15. North America Unsaturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 16. Europe Unsaturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 17. Asia-Pacific Unsaturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 18. Latin America Unsaturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 19. Middle East & Africa Unsaturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 20. Global Unsaturated Polyester Resin Market, Company Market Share Analysis (2023)
- … (List continues as per final deliverable)
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