Press release
Unsaturated Polyester Resins Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Unsaturated Polyester Resins
The expansion of the construction industry is considerably influencing the development of the unsaturated polyester resins market. The construction sector, which encompasses the upkeep, repair, and creation of new buildings and structures, stimulates the unsaturated polyester resins industry due to the beneficial attributes of these resins, such as quick strength accumulation, resistance to chemicals and corrosion, impressive impact strength, and exemplary compressive strength properties which are vital in construction endeavours. An increase in construction activities is noticeable. For example, Eurostat, a European governmental agency, reported in February 2024 that the average annual construction output in the EU and the euro region saw a rise of 0.1% and 0.2% respectively in comparison to 2022. Consequently, the surge in construction activities propels the growth of the unsaturated polyester resins market.
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What growth opportunities are expected to drive the unsaturated polyester resins market's CAGR through 2034?
In recent years, the market size for unsaturated polyester resins has experienced significant growth. This market is projected to expand from $11.16 billion in 2024 to $11.98 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historic period include the expansion of emerging markets, speedy industrialization, the development of the chemical industry, and an increase in construction activities.
There is a strong projection for a robust expansion in the unsaturated polyester resins market size in the forthcoming years, with an anticipated valuation of $16.2 billion by 2029, expanding at a compound annual growth rate of 7.9%. This projected expansion during the forecast period can be credited to increased government backing, escalating urbanization, expansion in the automotive industry, and a rising demand for fiber-reinforced plastic (FRP). The forecast period also predicts major trends like the development of monomer-free unsaturated polyester resins through bio-based UPRS, focus on the expansion of new plants, concentration on product innovations, along with a focus on partnerships and collaborations.
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What are the most significant trends transforming the unsaturated polyester resins market today?
In the unsaturated polyester resins market, primary operators are concentrating on the creation of innovative bio-based unsaturated polyester resin. This is aimed at minimizing environmental harm, improving sustainability in manufacturing processes, complying with the rising requirement for environmentally friendly materials, and providing manufacturers with high-performance alternatives that coincide with the growing consumer preference for environmentally conscious products. Unlike conventional petroleum sources, bio-based unsaturated polyester resin, a certain kind of synthetic polymer, primarily comes from renewable resources, such as plant-based materials or natural oils. For example, Exel Composites, a company from Finland that produces pultruded and pull-wound composite solutions, introduced a novel bio-based unsaturated polyester resin in October 2024. Created to improve sustainability in composite manufacturing, this innovative resin is environmentally friendly and is sourced from renewable resources, making it an excellent substitute for traditional petroleum-based resins. Particularly suitable for usage in the automotive and transportation industries, where there is a need for a decrease in carbon emissions. The new resin, while maintaining high performance and durability standards, is a promising option for manufacturers looking to shift towards using environmentally friendly materials but still desiring to satisfy industry demands for quality and efficiency.
Which growth-oriented segments of the unsaturated polyester resins market are leading the industry's development?
The unsaturated polyester resins market covered in this report is segmented -
1) By Type: Orthophthalic Resins, Isophthalic Resins, Dicyclopentadiene, Other Types
2) By Form: Liquid Form, Powder Form
3) By End-User: Building And Construction, Automotive, Marine, Pipes, Ducts And Tanks, Wind Energy, Electrical And Electronics, Other End-Users
Subsegments:
1) By Orthophthalic Resins: General-Purpose Orthophthalic Resins, Reinforced Orthophthalic Resins
2) By Isophthalic Resins: High-Performance Isophthalic Resins, Specialty Isophthalic Resins
3) By Dicyclopentadiene Resins: Dicyclopentadiene-Based Resins for Composites, Dicyclopentadiene-Based Resins for Coatings
4) By Other Types: Vinyl Ester Resins, Alkyd Resins, Other Specialty Resins
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What regions are leading the charge in the unsaturated polyester resins market?
Asia-Pacific was the largest region in the unsaturated polyester resins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unsaturated polyester resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the unsaturated polyester resins market?
Major companies operating in the unsaturated polyester resins market include DOW Inc, BASF SE, INEOS Group Holdings S.A., SABIC, UPC Technology Corporation, Eternal Materials Co Ltd, Polynt Group S.A.R.L., Mitsubishi Gas Chemical Company Inc, DIC Corporation, Scott Bader Company Ltd, Interplastica Pvt. Ltd., Poliya Composites Resins, Polymers India Private Limited, Reichhold India Private Limited, Scott Bader India Private Limited, Swancor India Private Limited, Zhejiang Tianhe Resin Co Ltd, Jiangsu Fullmark Chemicals Co. Ltd, Shenzhen Wote Advanced Materials Co. Ltd, Hubei Phoenix Chemical Company Ltd, CIECH Sarzyna, Nouryon Chemicals, BÜFA Composites, LERG SA, Orson Resins and Coatings Private Limited (ORCPL), Mader Composites France M.C.F, Euroresins SAS, Ashland Inc., Interplastic Corporation, Pacific Materials Inc, Polyplastics USA Inc, DuPont, Mitsubishi Chemical Group, Celanese Corporation, AOC Resins, ExxonMobil Chemical, Innova, braskem, PVC Resin (Polyvinyl Chloride Resin), Resina Brasil, Saad Fiber Glass Trad Llc, Modest Marketing LLC, Fortune Emirates General Trading LLC, Polychem Resins International Industries LLC, Chemipol Trading (Pty) Ltd, NCS Resins, KZN Resins, General Chemical Company
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What Is Covered In The Unsaturated Polyester Resins Global Market Report?
• Market Size Forecast: Examine the unsaturated polyester resins market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the unsaturated polyester resins market for a structured understanding.
• Key Players Overview: Analyze major players in the unsaturated polyester resins market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the unsaturated polyester resins market.
• Segment Contributions: Evaluate how different segments drive overall growth in the unsaturated polyester resins market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the unsaturated polyester resins market.
• Industry Challenges: Identify potential risks and obstacles affecting the unsaturated polyester resins market.
• Competitive Landscape: Review strategic developments in the unsaturated polyester resins market, including expansions, agreements, and new product launches.
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