Press release
Strong Growth Ahead: Unsaturated Polyester Resins Market Size To Grow At Arecord 7.9% Cagr By 2029
Unsaturated Polyester Resins
How Big Is the Unsaturated Polyester Resins Market Size Expected to Be by 2034?
In recent years, there has been robust growth in the market size of unsaturated polyester resins. It is projected to increase from $11.16 billion in 2024 to $11.98 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.3%. The historical growth can be traced back to the expanding emerging markets, swift industrialization, growth in the chemical sector, and increasing construction activities.
Expectations for the unsaturated polyester resins market are robust, with significant growth anticipated over the next few years. The market is estimated to expand to $16.2 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%. Several factors contribute to this projected growth, including increased government support, higher levels of urbanization, expansion of the automotive industry, and a rise in the demand for fiber-reinforced plastic (FRP). Notable trends during this forecast period include the development of bio-based UPRS for the production of monomer-free unsaturated polyester resins, an emphasis on establishing new manufacturing plants, prioritizing product innovations, and a focus on strategic partnerships and collaborations.
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What Are the Emerging Segments Within the Unsaturated Polyester Resins Market?
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 Long-Term Drivers Are Shaping Unsaturated Polyester Resins Market Trends?
The burgeoning construction sector is significantly fuelling the growth of the unsaturated polyester resins market. Involved in preservation, repair and creation of structures and buildings, the construction industry heavily influences the unsaturated polyester resins industry due to properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength and superb compressive strength properties essential for construction tasks. The rise in the construction sector, as recorded by the Europe-based government agency - Eurostat, showed an average annual building production in the European Union and the euro region up by 0.1% and 0.2% respectively, in comparison to 2022. Consequently, the escalating growth in construction industry propels the progress of the unsaturated polyester resins market.
Who Are the Top Competitors in Key Unsaturated Polyester Resins Market Segments?
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
What Unsaturated Polyester Resins Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the unsaturated polyester resins market are concentrating on the development of novel bio-based unsaturated polyester resins. The aim is to mitigate the environmental effects, improve sustainable production practices, comply with rising eco-conscious regulatory requirements, and provide manufacturers with superior substitutes that are in line with the escalating consumer inclination towards environmentally friendly products. Bio-based unsaturated polyester resin, a synthetic polymer, mainly originates from renewable resources like natural oils, starches, or other plant derived materials, instead of conventional petroleum sources. As an illustration, in October 2024, Exel Composites, a composite solution manufacturing company based in Finland, introduced a new bio-based unsaturated polyester resin aiming to boost sustainable practices in composite production. This revolutionary resin, which comes from renewable resources, offers an ecological substitute to conventional petroleum-based resins. It's specifically suited for use in vehicle and transportation sectors, which are focusing on reducing carbon emissions. This new resin upholds high durability and performance standards, positioning itself as a desirable choice for manufacturers intending to use eco-conscious materials whilst meeting the industry's requirements for quality and efficiency.
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Which Regions Are Becoming Hubs for Unsaturated Polyester Resins Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Unsaturated Polyester Resins Market?
2. What is the CAGR expected in the Unsaturated Polyester Resins Market?
3. What Are the Key Innovations Transforming the Unsaturated Polyester Resins Industry?
4. Which Region Is Leading the Unsaturated Polyester Resins Market?
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