Unsaturated Polyester Resins Market Size

Unsaturated Polyester Resins 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 two main strategies companies use are joint ventures and capacity expansion. Reichold, Royal DSM, Deltech, Polynt, Dow, BASF SE, and INEOS are major players in the market. To obtain a competitive edge in the global market, businesses are using methods like distribution improvement, new product creation, acquisition, collaboration, and mergers. For instance, Reichold is one of the major suppliers of a wide variety of saturated and unsaturated polyester resins for use in a variety of applications. Deltech is another significant competitor with a wide selection of resins based mostly on unsaturated polyester and alkyd chemistry. The business can produce batches of resin weighing 20 tonnes. 'Polynt S.p.A. (Italy) ', 'INEOS (UK) ', 'Covestro AG (Germany) ', 'AOC (US) ', 'BASF SE (Germany) ', 'Resonac Holdings Corporation (Japan) ', 'Scott Bader Company Ltd. (UK) ', 'NewSolar Technology Group Co., Ltd. (China) ', 'Allnex GmbH (Germany) ', 'DIC Corporation (Japan) ', 'Yabang Investment Holding Group Co., Ltd. (China) ', 'UPC Technology Corporation (Taiwan) ', 'Poliya (Turkey) ', 'Barnices y Resinas S.A. de C.V. (Mexico) ', 'Turkuaz Polyester (Turkey) ', 'Dow (US) ', 'Eternal Materials Co., Ltd. (Taiwan) ', 'Interplastic Corporation (US) ', 'Sino Polymer Co., Ltd. (China) ', 'Qualipoly Chemical Corp. (Taiwan) '

Growing Demand from the Building and Construction Sector for Unsaturated Polyester Resin to Support Market Growth

There will be opportunities for growth due to the high demand for UPR from various end-use industries. The expansion of the main market is being positively impacted by the increasing demand for UPR from a number of end-use sectors, including automotive, aerospace, electrical & electronics, and marine. Printed circuit boards, ducts, and panels are all applications for this product. The automotive and marine sectors use this substance as a composite material to construct vehicles and boats. This material serves as a suitable product to be employed in various industries since composite materials created from it are affordable and lightweight, which leads to the strong demand for unsaturated polyester resin. Additionally, this material's advantageous qualities, including corrosion resistance, insulation, flexibility, strength, and durability, make it a good choice for use in electrical and electronic applications. Because of these characteristics, this product is a very demanding material for the production of microwave antennas, wiring boards, and electrical insulation devices. The need for products in end-use industries like wind, aerospace, and pipelines and tanks is also expected to grow in the near future, supporting increased product consumption.

The global unsaturated polyester resins market is predicted to be dominated by the Asia Pacific region, offering market participants lucrative potential. Unsaturated polyester resins are increasingly being used in a variety of end-use industries, including the automotive, maritime, and construction and building sectors. China has increased its capacity for producing these polymers in order to increase revenue. One important element highlighting the regional market is the strengthening sales of composites made with unsaturated polyester resins in a number of end-use applications in the area. A number of businesses in important regions are engaging in mergers and acquisitions, which is likely to increase competition in the market. The market is currently undergoing advances toward consolidation.