Unsaturated Polyester Resins Market Expected to Expand at a Steady CAGR, 2023-2031

The global unsaturated polyester resins market revenue was US$ 11.7 billion in 2021. The global unsaturated polyester resins market revenue is forecast to reach US$ 20.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022-2030.

A fully saturated polyester resin is used in order to make fiber-reinforced plastics and filled plastic products, such as sanitary ware, tanks, pipes, gratings, and components for marine and transportation applications such as fenders, boat hulls, and decks. Several coatings and adhesives use unsaturated polyester resins.

Factors Influencing Market Growth

Increasing urbanization and population growth have resulted in a corresponding increase in the building and construction sector, thus increasing demand for unsaturated polyester resins market globally.
There is a growing demand for the global unsaturated polyester resins market due to an ever-increasing requirement for higher performance across all current application areas.

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The growth of end-use industries is a significant factor driving the growth of the unsaturated polyester resins market. Unsaturated polyester resins are in high demand due to the need to improve performance across all modern applications.

As emerging economies develop infrastructures and build long-term projects, the demand for unsaturated polyester resins is currently the highest. As a result, this factor can create lucrative opportunities in the global unsaturated polyester resins market.

Impact Analysis of COVID-19

The COVID-19 pandemic has a negative impact on the global unsaturated polyester resins market.

Globally, the government of several countries imposed partial or complete lockdown to restrict the spread of COVID-19. As a result of the COVID-19 pandemic, transport restrictions were imposed, resulting in a reduction in industrial production and disruption of supply chains, which affected the market growth.

Post-COVID-19, the global market is forecast to grow during the forecast period as government worldwide are releasing strictness. Thus, the building and construction work will resume, which is the major user of the unsaturated polyester resins.

Regional Insights

The Asia Pacific held dominance in 2021 in the global unsaturated polyester resins market and is forecast to remain dominant during the forecast period. Low-cost labor, government initiatives such as Make in India, and the proposed scheme for promoting entrepreneurship may open up opportunities in India's industrial and infrastructure sectors.

China is a rapidly developing country with many emerging applications. Additionally, the nation offers cheap raw materials, low production costs, and access to emerging markets. The country is experiencing increased demand from different growing industries. Thus, all these factors contribute towards regional unsaturated polyester resins market growth.

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Leading Competitors

The leading prominent companies profiled in the global unsaturated polyester resins market are:

AOC International
BASF SE
The Dow Chemical Company
INEOS Group Limited
LERG SA
Von Roll Holding AG
Koninklijke DSM N.V.
Scott Bader Company Limited
Tianhe Resin Co., Limited
UPC Technology Corporation
Other Prominent Players

Scope of the Report

The global unsaturated polyester resins market segmentation focuses on Type, End-User, and Region.

Segmentation based on Type

Orthophthalic Resin
Isophthalic Resin
Dicyclopentadiene
Others

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Segmentation based on End-User

Building & Construction
Tanks & Pipes
Electrical
Marine
Transport
Artificial Stones
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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