Global Unsaturated Polyester Resins Market
Market Size in USD Billion
CAGR :
% 
USD
7,321,654.09 Thousand
USD
10,497,185.48 Thousand
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 7,321,654.09 Thousand |
 Market Size (Forecast Year) |
USD 10,497,185.48 Thousand |
 CAGR |
% |
| Major Markets Players |
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Global Unsaturated Polyester Resins Market, By Type (Hollow and Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic and Others), Application (Construction Composites, Medical Technology, Life Science and Biotechnology, Paints and Coatings, Cosmetics and Personal Care, Oil and Gas, Automotive, Aerospace, and Others) - Industry Trends and Forecast to 2032
Unsaturated Polyester Resins Market Size
- The Global Unsaturated Polyester Resins Market was valued at USD 7,321,654.09 Thousand in 2024 and is expected to reach USD 10,497,185.48 Thousand by 2032
- During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 5.67%, primarily driven by Rising product utilization by chemical industry, rising urbanization or construction activities especially in the developing economies and growth and expansion of energy industry are the major factors attributable to the growth of the unsaturated polyester resins market
- This growth is driven by factors such as Increasing demand and application of unsaturated polyester resins by marine industry is the root cause fuelling up the unsaturated polyester resins market growth rate
Unsaturated Polyester Resins Market Analysis
- Unsaturated polyester resins are required for the production of composite materials, wood paints, laminated panels, coatings, coloring pastes and sanitary ware
- The unsaturated polyester resins are the chemicals which are a result of condensation of unsaturated acids and diols with or without diacids. High physical strength, weather resistance and heat distortion temperature are the general properties/ characteristics of unsaturated polyester resins
- The demand for Unsaturated Polyester Resins is significantly driven by rise in demand for composite materials and durability and lightweight properties
Report Scope and Unsaturated Polyester Resins Market Segmentation
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Unsaturated Polyester Resins Key Market Insights |
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Countries Covered |
North America
Europe
Asia-Pacific
Middle East and Africa
South America
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Unsaturated Polyester Resins Market Trends
“Increasing Adoption of Sustainable and High-Performance Unsaturated Polyester Resins”
- Manufacturers are focusing on creating bio-based, recyclable, and low-emission unsaturated polyester resin variants to align with global sustainability goals and adhere to tightening environmental regulations
- Technological advancements are propelling the development of next-generation unsaturated polyester resins that offer superior thermal stability, lightweight properties, and greater compatibility with green formulations
- For instance, in February 2024, BASF launched a new line of eco-friendly unsaturated polyester resins designed for automotive applications, reducing environmental impact and improving energy efficiency in production processes
- This trend demonstrates a larger industry shift towards sustainable material innovations, which is bolstered by increased regulatory frameworks, rising R&D investments, and growing awareness of eco-conscious manufacturing practices
Unsaturated Polyester Resins Market Dynamics
Driver
“Increasing Utilization of Unsaturated Polyester Resins in Automotive and Construction Applications”
- The growing adoption of unsaturated polyester resins in automotive and construction industries is a key driver of market growth due to their durability, lightweight characteristics, and resistance to weathering
- The rise in demand for lightweight vehicles and energy-efficient buildings is fostering the use of unsaturated polyester resins in composite materials, significantly reducing weight and increasing fuel efficiency in automobiles and structural integrity in buildings
- For instance, in March 2024, Dow introduced a new series of unsaturated polyester resins for automotive parts, providing lighter components with enhanced durability and improved fuel efficiency
- The shift towards lightweight materials in the automotive sector and energy-efficient solutions in construction continues to drive the consumption of unsaturated polyester resins in these applications
Opportunity
“Growing Demand for Advanced Materials in Electronics and Consumer Goods”
- Electronics and consumer goods industries are increasingly using unsaturated polyester resins for manufacturing durable and lightweight components that offer excellent mechanical strength and thermal stability.
- The trend towards smart electronics and sustainable consumer goods creates opportunities for advanced unsaturated polyester resin applications in device housings, smart packaging, and durable electronics coatings.
- For instance, in April 2024, Henkel launched a new unsaturated polyester resin formulation for consumer electronics, providing enhanced thermal resistance and chemical durability for high-performance applications.
- The increasing demand for high-performance materials in electronics, consumer goods, and smart technologies presents substantial growth opportunities for unsaturated polyester resin manufacturers
Restraint/Challenge
“High Production Costs and Technological Challenges”
- The production of specialized unsaturated polyester resins, especially those used in automotive, electronics, or medical applications, involves complex manufacturing processes and requires high-quality raw materials, leading to elevated costs
- Technical complexity, such as ensuring uniformity in particle size and achieving desired material properties, can hinder the scalability and increase development time
- For instance, according to a 2023 industry report from Market Research Future, the manufacturing of precision-engineered unsaturated polyester resins involves stringent quality control standards, which significantly increase R&D expenses and operational costs
- The combination of high production costs, complex manufacturing requirements, and limited availability of skilled personnel presents a major challenge for the widespread adoption of unsaturated polyester resins, especially in price-sensitive markets
Unsaturated Polyester Resins Market Scope
The market is segmented on the basis of product, raw material, and application.
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Sub-Segmentation |
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By End User Industry |
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Unsaturated polyester resins Market Regional Analysis
“Asia-Pacific is the Dominant Region in the Unsaturated polyester resins Market”
- Asia-Pacific is the dominant region in the global unsaturated polyester resins market, driven by a strong manufacturing base, rapid industrialization, and robust demand from key sectors such as automotive, construction, and marine
- The region's rapid infrastructure development, coupled with increasing demand for composite materials in automotive and construction sectors, propels the use of unsaturated polyester resins
- The presence of major resin manufacturers and an established supply chain network in countries like China, India, and Japan further strengthens the market
- Additionally, the cost-effectiveness and excellent mechanical properties of unsaturated polyester resins are boosting their adoption across various industries in Asia-Pacific
“North America is Projected to Register the Highest Growth Rate”
- North America holds a significant share in the global unsaturated polyester resins market, driven by advanced technological innovations in resin formulations and the demand for lightweight composite materials in industries such as automotive, aerospace, and construction
- The U.S. is a major player in the market, thanks to its established industrial base, cutting-edge manufacturing technologies, and strong demand for high-performance resins in automotive and marine applications
- Additionally, increased R&D spending and the presence of key industry players such as Dow, BASF, and Huntsman are supporting market growth
- For instance, in January 2024, 3M launched a new line of unsaturated polyester resins targeting automotive applications to improve performance and reduce vehicle weight
Unsaturated polyester resins Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
The Major Market Leaders Operating in the Market Are:
- INEOS AG, Scott Bader Company Ltd.
- Xinyang Technology Group
- Reichhold LLC 2
- AOC
- BASF SE
- Dow
- DSM
- Ashland
- DuPont
- SWANCOR
- LANXESS
- ALLNEX GMBH
- Polynt
- UPC Technology Corporation
- U-PICA Company.Ltd
- Japan Society for Composite Materials
- Jiangsu Fullmark Chemicals Co, Ltd
- CHANGZHOU HUARI STEEL BALL CO., LTD.
- Weifang Zeyuan Chemical Co., Ltd.
Latest Developments in Global Unsaturated polyester resins Market
- In April 2023, BÜFA Composite Systems expanded its distribution partnership with AOC to Southeast Europe through BÜFA Composites Austria. This collaboration enhances access to a broad range of quality resins, gelcoats, and auxiliary materials in Austria, Slovakia, Hungary, Romania, and other countries in the region.
- In April 2023, BÜFA Composite Systems expanded its distribution partnership with AOC to Southeast Europe through BÜFA Composites Austria. This collaboration enhances access to a broad range of quality resins, gelcoats, and auxiliary materials in Austria, Slovakia, Hungary, Romania, and other countries in the region.
- In April 2024, BASF's Coatings division introduced a new portfolio of eco-efficient clearcoats and undercoats for the Asia Pacific refinish market. These products offer higher quality, increased productivity, and contribute to a significant reduction in CO₂ emissions, supporting body shops with increased profitability and sustainability.
- In October 2024, Evonik announced plans to scale back its adhesives and healthcare units to focus on core assets. This restructuring involves shedding operations, including its polyester business and production line for keto acids in Hanau, affecting about 260 employees. The company plans to cut up to 2,000 jobs by 2026 to save 400 million euros annually.
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Global Unsaturated Polyester Resins Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Unsaturated Polyester Resins Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Unsaturated Polyester Resins Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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