Unsaturated Polyester Resin Market Updates

Unsaturated Polyester Resin Market size was valued at USD 8.18 Billion in 2023 and is poised to grow from USD 8.5 Billion in 2024 to USD 11.54 Billion by 2032, growing at a CAGR of 3.90% during the forecast period (2025-2032).

The global unsaturated polyester resin market exhibits a competitive landscape characterized by the presence of several key players. These companies actively participate in the manufacturing, distribution, and innovation of unsaturated polyester resins used in various industries. The market competition is driven by factors such as product quality, pricing strategies, research and development capabilities, and geographical presence. 'AOC, LLC (US)', 'Ashland Global Holdings Inc. (US)', 'BASF SE (Germany)', 'CCP Composites (France)', 'Changzhou New Solar Co., Ltd. (China)', 'Dow Chemical Company (US)', 'DSM Composite Resins AG (Netherlands)', 'DuPont de Nemours, Inc. (US)', 'Eternal Materials Co., Ltd. (Taiwan)', 'Hexion Inc. (US)', 'Huntsman Corporation (US)', 'Kukdo Chemical Co., Ltd. (South Korea)', 'Lanxess AG (Germany)', 'Nuplex Industries Ltd. (New Zealand)', 'Polynt SpA (Italy)', 'Reichhold LLC (US)', 'Royal DSM N.V. (Netherlands)', 'Scott Bader Company Ltd. (United Kingdom)', 'U-Pica Company Ltd. (Japan)', 'UPC Technology Corp. (Taiwan)'

Unsaturated polyester resin provides numerous benefits compared to conventional materials, including a high strength-to-weight ratio, resistance to corrosion, versatility, and ease of processing. These inherent properties make it an appealing choice for manufacturers across various industries. Consequently, the demand for unsaturated polyester resin continues to grow, driving the expansion of the market.

Growing demand for sustainable and eco-friendly resins: With increasing environmental concerns and regulatory pressures, there is a rising emphasis on the development and adoption of sustainable materials across industries. This trend is driving the demand for Unsaturated Polyester Resins that are derived from renewable sources and exhibit lower environmental impact. Manufacturers are focusing on the production of bio-based or recycled Unsaturated Polyester Resins to meet the evolving sustainability requirements of end-users.

Asia Pacific holds a significant share in the UPR market due to various factors. The region is home to several emerging economies such as China, India, and South Korea, which have witnessed rapid industrialization and infrastructure development. The increasing demand for UPR in applications such as construction, automotive, and electrical & electronics has driven the dominance of Asia Pacific. Additionally, the region benefits from the presence of key manufacturers, availability of raw materials, and a large consumer base, contributing to its leading position in the UPR market.