PUBLISHER: Polaris Market Research | PRODUCT CODE: 2081675
PUBLISHER: Polaris Market Research | PRODUCT CODE: 2081675
The global unsaturated polyester resins market size is expected to reach USD 12.34 billion by 2034, according to a new study by Polaris Market Research. The report "Unsaturated Polyester Resins Market Size, Share, Trends, Industry Analysis Report: By Product, Form (Liquid Form and Powder Form), End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2026-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for unsaturated polyester resins (UPR) in the building and construction sector is driven by the expansion of infrastructure projects, especially in emerging markets. UPR is used extensively in coatings, adhesives, and composite materials due to its durability, corrosion resistance, and versatility. As construction activities grow in regions like Asia Pacific, UPR's role in enhancing material performance in harsh environments is gaining prominence. This trend is further supported by the increasing focus on sustainable building practices and the need for cost-effective, high-performance materials.
UPR is increasingly being adopted in the automotive and transportation industries, particularly for lightweight composite materials used in vehicle components. This shift is driven by the need for improved fuel efficiency and the rise of electric vehicles (EVs), which prioritize lightweight materials for better performance. UPR's strength-to-weight ratio and durability make it ideal for automotive parts such as body panels, bumpers, and interior components. As manufacturers focus on reducing vehicle weight to enhance energy efficiency, UPR-based composites offer a sustainable solution.
In terms of product, the orthophthalic resins segment dominated the unsaturated polyester resins (UPR) market in 2024, driven by their affordability, user-friendly properties, and wide-ranging applications.
Based on form, the powder form segment is anticipated to experience growth during the forecast period, owing to its advantages in handling, minimized wastage, and enhanced storage stability.
Asia Pacific lead the unsaturated polyester resins (UPR) market in 2024, driven by rapid industrial growth, substantial infrastructure advancements, and rising demand from critical industries such as automotive, construction, and marine.
The unsaturated polyester resins (UPR) market in North America is poised for substantial growth, supported by continuous technological advancements and rising consumer disposable incomes.
A few global key market players include INEOS Capital Limited., BASF SE; Polynt SpA; Koninklijke DSM N.V.; U-PICA Company. Ltd.; Eternal Materials Co., Ltd.; Dow Inc.; Allnex GMBH; Covestro AG; Scott Bader Company Ltd.; Tianhe Resin Co., Ltd.; and LERG SA.
Polaris Market Research has segmented the unsaturated polyester resins market research report on the basis of product, form, end use, and region:
By Product Outlook (Volume - Kilotons, Revenue - USD Billion, 2021-2034)
Orthophthalic Resins
Isophthalic Resins
Dicyclopentadiene (DCPD) Resins
Others
By Form Outlook (Volume - Kilotons, Revenue - USD Billion, 2021-2034)
Liquid Form
Powder Form
By End Use Outlook (Volume - Kilotons, Revenue - USD Billion, 2021-2034)
Building & Construction
Tanks & Pipes
Electrical
Marine
Transport
Artificial Stones
Others
By Regional Outlook (Volume - Kilotons, Revenue - USD Billion, 2021-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa