Global Unsaturated Polyester Resin Market TOC
- An Introduction to the Research Study
- Definition of the Market and the Segments
- Acronyms and Assumptions
- The Research Procedure
- Sources of Data
- Secondary
- Primary
- Manufacturer Front
- End User Front
- Calculation and Derivation of Market Size
- Top-Down Approach
- Bottom-up Approach
- Sources of Data
- An Abstract of the Report
- Evaluation of Market Fluctuations and Outlook
- Market Growth Drivers
- Market Growth Deflation
- Market Trends
- Fundamental Market Prospects
- Strategic Competitive Opportunities
- Geographic Opportunities
- Application Centric Opportunities
- Regulatory & Standards Landscape
- Decarbonization Strategy and Carbon Credit Benefits for Market Players
- Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
- Measures taken by Countries to Reduce Carbon Footprints
- Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
- Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
- Demand Impact on the Companies Opting for Carbon Credits
- Economic Outlook: Global
- Technological Shift and Implementation Analysis
- Industry Supply Chain Analysis
- Product Feature Analysis
- Industry Growth Outlook w.r.to Product
- Analysis on Ongoing Trends in Unsaturated Polyester Resin Market
- Application in Building & Construction
- Gelcoats
- Unsaturated Polyester Resin Nanocomposites Based on Post-Consumer Polyethylene Terephthalate
- Others
- Analysis on Unsaturated Polyester Resin
- Analysis on Properties of Polyester Resin
- Formulation of Unsaturated Polyester Resin
- Difference between Unsaturated Polyester Resin and Saturated Polyester Resin
- Analysis on the Process for Manufacturing Unsaturated Polyester Resins
- Mixing and Dispersing Processes
- Optimized Viscosity
- Reduced Shrinkage
- Trade Outlook
- Import Analysis, 2020-2023
- By Value, (USD million)
- Key Importing countries
- Export Analysis, 2020-2023
- By Value, (USD million)
- Key Exporting Countries
- Import Analysis, 2020-2023
- End User Analysis
- Pricing Analysis
- Global Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- Global Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- Dicyclopentadiene (DCPD), Market Value (USD Million), Current and Future Projections, 2023-2036
- Orthophthalic, Market Value (USD Million), Current and Future Projections, 2023-2036
- Isophthalic, Market Value (USD Million), Current and Future Projections, 2023-2036
- Others, Market Value (USD Million), Current and Future Projections, 2023-2036
- By End User
- Building & Construction, Market Value (USD Million), Current and Future Projections, 2023-2036
- Tanks & Pipes, Market Value (USD Million), Current and Future Projections, 2023-2036
- Electrical, Market Value (USD Million), Current and Future Projections, 2023-2036
- Marine, Market Value (USD Million), Current and Future Projections, 2023-2036
- Transport, Market Value (USD Million), Current and Future Projections, 2023-2036
- Paints and Coatings, Market Value (USD Million), Current and Future Projections, 2023-2036
- Others, Market Value (USD Million), Current and Future Projections, 2023-2036
- By Region
- North America, Market Value (USD Million), Current and Future Projections, 2023-2036
- Asia Pacific, Market Value (USD Million), Current and Future Projections, 2023-2036
- Europe, Market Value (USD Million), Current and Future Projections, 2023-2036
- Latin America, Market Value (USD Million), Current and Future Projections, 2023-2036
- Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2023-2036
- By Product
- Cross Analysis of Product w.r.t. End User (USD Million), 2023
- North America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- North America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- Dicyclopentadiene (DCPD), Market Value (USD Million), Current and Future Projections, 2023-2036
- Orthophthalic, Market Value (USD Million), Current and Future Projections, 2023-2036
- Isophthalic, Market Value (USD Million), Current and Future Projections, 2023-2036
- Others, Market Value (USD Million), Current and Future Projections, 2023-2036
- By End User
- Building & Construction, Market Value (USD Million), Current and Future Projections, 2023-2036
- Tanks & Pipes, Market Value (USD Million), Current and Future Projections, 2023-2036
- Electrical, Market Value (USD Million), Current and Future Projections, 2023-2036
- Marine, Market Value (USD Million), Current and Future Projections, 2023-2036
- Transport, Market Value (USD Million), Current and Future Projections, 2023-2036
- Paints and Coatings, Market Value (USD Million), Current and Future Projections, 2023-2036
- Others, Market Value (USD Million), Current and Future Projections, 2023-2036
- By Country
- U.S., Market Value (USD Million), Current and Future Projections, 2023-2036)
- Canada, Market Value (USD Million), Current and Future Projections, 2023-2036
- By Product
- Europe Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- Europe Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- By End User
- By Country
- U.K., Market Value (USD Million), Current and Future Projections, 2023-2036
- Germany, Market Value (USD Million), Current and Future Projections, 2023-2036
- Italy, Market Value (USD Million), Current and Future Projections, 2023-2036
- France, Market Value (USD Million), Current and Future Projections, 2023-2036
- Spain, Market Value (USD Million), Current and Future Projections, 2023-2036
- Russia, Market Value (USD Million), Current and Future Projections, 2023-2036
- Netherland, Market Value (USD Million), Current and Future Projections, 2023-2036
- Rest of Europe, Market Value (USD Million), Current and Future Projections, 2023-2036
- Asia Pacific Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- Asia Pacific Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- By End User
- By Country
- Australia, Market Value (USD Million), Current and Future Projections, 2023-2036
- Japan, Market Value (USD Million), Current and Future Projections, 2023-2036
- Singapore, Market Value (USD Million), Current and Future Projections, 2023-2036
- South Korea, Market Value (USD Million), Current and Future Projections, 2023-2036
- India, Market Value (USD Million), Current and Future Projections, 2023-2036
- China, Market Value (USD Million), Current and Future Projections, 2023-2036
- Rest of Asia Pacific, Market Value (USD Million), Current and Future Projections, 2023-2036
- Latin America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- Latin America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- By End User
- By Country
- Brazil, Market Value (USD Million), Current and Future Projections, 2023-2036
- Argentina, Market Value (USD Million), Current and Future Projections, 2023-2036
- Mexico, Market Value (USD Million), Current and Future Projections, 2023-2036
- Rest of Latin America, Market Value (USD Million), Current and Future Projections, 2023-2036
- Middle East and Africa Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
- Market Overview
- Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
- Middle East and Africa Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
- By Product
- By End User
- By Country
- GCC, Market Value (USD Million), Current and Future Projections, 2023-2036
- Israel, Market Value (USD Million), Current and Future Projections, 2023-2036
- South Africa, Market Value (USD Million), Current and Future Projections, 2023-2036
- Rest of Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2023-2036
- Comprehensive Analysis of Leading Players in the Market
- Market share of Key Competitors in the Market, (%) 2023
- Benchmarking of the Competitors
- Profile of the Major Vendors
- KITAMURA CHEMICALS CO., LTD.
- DIC Corporation
- U-PICA Company.Ltd.
- Japan Composite Co., LTD.
- BASF SE
- UPC Technology Corporation
- Eternal Materials Co., Ltd.
- Scott Bader Company Ltd
- Resonac Holdings Corporation
- Qualipoly Chemical Corporation (QPC)
Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Unsaturated Polyester Resin Market size was USD 11.9 billion in 2024 and is estimated to reach USD 23.5 billion by the end of 2037, expanding at a CAGR of 6.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of unsaturated polyester resins is evaluated at USD 12.6 billion.
The unsaturated polyester resin sales are expected to increase at a high pace in the coming years. The growth in the construction, automotive, and electronics sectors worldwide is pushing the demand for unsaturated polyester resins. The robust investments in smart city projects, including bridges, structures, and water treatment facilities, are fueling the consumption of high-performance materials & chemicals. According to the analysis by the Bureau of Economic Analysis (BEA) in the U.S., the fixed investment in nonresidential structures rose by 6.3% year-over-year in 2024. Such developments are accelerating the use of fiber-reinforced composites in pipelines and panels. Unsaturated polyester resins (UPR) are manufactured through petroleum-based intermediates. The change in their supply chain activities influences the overall production of UPR. The U.S. Energy Information Administration (EIA) reveals that between Q1 2023 and Q1 2024, styrene feedstock prices increased by 4.9%. This impacted the input costs across resin production units. Furthermore, the collaborations with raw material suppliers, unsaturated polyester resin manufacturers are expected to gain stability in the coming years.
Unsaturated Polyester Resin Market: Growth Drivers and Challenges
Growth Drivers
- Electrification trend: The increasing need for lightweight composite materials in electric vehicles is expected to fuel the sales of unsaturated polyester resins in the coming years. The zero-emission vehicles are increasingly using unsaturated polyester resins in battery enclosures and structural components. The analysis by the U.S. Department of Energy (DOE) reveals that the demand for polymer composites in EV applications grew by 13.3% in 2024. This underscores that the growth in the EV market is expected to double the revenues of unsaturated polyester resin manufacturers during the forecast period.
- Infrastructure growth: The swiftly increasing infrastructure development activities in both developed and developing countries are set to fuel the sales of unsaturated polyester resins during the foreseeable period. Unsaturated polyester resins are widely used in pipes, tanks, and construction panels owing to their effectiveness and durability. The robust public-private investments in the infrastructure sectors are likely to fuel the consumption of unsaturated polyester resins. For instance, the U.S. Infrastructure Investment and Jobs Act focuses on USD 1.25 trillion investments through 2026. This is estimated to boost the expansion of industrial materials and open high-earning opportunities for unsaturated polyester resin producers.
Global Unsaturated Polyester Resin Market Volume and Growth Trends (2018-2023)
The global unsaturated polyester resin market is expected to present profitable opportunities for manufacturers and investors in the coming years. The U.S., China, and Germany are dominating the shipments of unsaturated polyester resins owing to conscious advancements in the construction and automotive industries. Favorable macroeconomic conditions and stable raw material availability are poised to drive the overall unsaturated polyester resin market growth during the study period.
|
Year |
Global Market Value (USD Billion) |
Annual Growth Rate (%) |
|
2018 |
4.7 |
– |
|
2019 |
4.9 |
4.5% |
|
2020 |
5.3 |
4.4% |
|
2021 |
5.4 |
4.6% |
|
2022 |
5.3 |
5.9% |
|
2023 |
5.9 |
3.8% |
Regional UPR Market Highlights
|
Region |
2022 Shipment Growth Rate (%) |
Key Drivers |
2028 CAGR Projection (%) |
|
India |
8.6% |
Industrial activity, infrastructure demand |
7.6% |
|
Southeast Asia |
6.4% |
Manufacturing investments, construction growth |
6.5% |
|
China |
5.8% |
Automotive & marine applications |
5.7% |
|
U.S. |
5.9% |
High-performance resins, eco-friendly coatings |
5.5% |
Top 10 Global Exporters of UPR (2023)
|
Country/Region |
Global Export Share (%) |
Major Companies |
|
EU (Germany, etc.) |
25.3% |
Reichhold, DSM, AOC Resins |
|
China |
18.5% |
CCP Composites, Tianhe Resin |
|
U.S. |
16.2% |
Ashland, Interplastic, Polynt |
|
South Korea |
8.6% |
SK Chemicals |
|
Japan |
7.7% |
Showa Denko, DIC Corporation |
|
India |
6.3% |
Atul Ltd., Vishnu Chemicals |
|
Taiwan |
5.4% |
Eternal Materials |
|
Brazil |
4.6% |
Elekeiroz |
|
Mexico |
3.6% |
Resirene |
|
Turkey |
2.4% |
Kimpur |
Strategic Investments and Developments (2023–2024)
|
Company |
Investment/Initiative |
Location |
Strategic Goal |
|
BASF |
$10.3 B integrated site |
Guangdong, China |
Strengthen APAC footprint |
|
Ashland |
Expansion of corrosion-resistant UPR line |
U.S. |
Specialty performance resins |
|
Polynt |
Acquisition of Reichhold assets |
Global |
Increase UPR capacity and global reach |
|
Atul Ltd. |
Capacity expansion by 20 KTPA |
Gujarat, India |
Serve domestic and Southeast Asian markets |
|
DSM |
R&D in bio-based UPR formulations |
Netherlands |
Meet ESG targets |
Unsaturated Polyester Resin Market Sensitivity Analysis
|
Risk Factor |
Impact Level |
Description |
|
Geopolitical Tensions |
High |
China-U.S. trade dynamics affecting resin exports |
|
Raw Material Volatility (Styrene, Glycol) |
High |
Direct impact on resin pricing and supply stability |
|
Environmental Regulations |
Medium |
EU’s REACH and U.S. EPA pushing toward low-VOC resins |
|
Logistics Disruptions |
Medium |
Container shortages, port congestion |
|
Climate Risks (Storms, Heat) |
Medium |
Impact on production and resin curing times |
Executive Summary Dashboard (2023 Snapshot)
|
Metric |
Value / Status |
|
Global UPR Market Size |
$5.8 Billion |
|
2018–2023 CAGR |
4.4% |
|
2024–2028 Projected CAGR |
5.3% |
|
Top Exporter Region |
European Union (25.5% market share) |
|
Fastest-Growing Country |
India (8.9% YoY growth in 2022) |
|
Key Trend |
Sustainable, bio-based UPR |
|
High-Growth Sectors |
Marine, Construction, Automotive |
Global Unsaturated Polyester Resin Trade Synopsis (2019–2024)
Shifting industrial demand and evolving regulatory policies are influencing the trade of unsaturated polyester resins globally. The COVID-19 wave significantly hampered the sales of unsaturated polyester resins due to the temporary closure of manufacturing factories. However, the new normal promotes the production of commercialization of unsaturated polyester resins.
|
Year |
Global UPR Trade Value (USD Billion) |
Key Notes |
|
2019 |
4.9 |
Steady growth, pre-COVID baseline |
|
2020 |
4.5 |
↓10.4% due to COVID-19 supply chain disruptions |
|
2021 |
4.8 |
Recovery phase begins |
|
2022 |
5.6 |
Driven by APAC infrastructure demand |
|
2023 |
5.7 |
U.S., China, India—key exporters |
|
2024* |
6.5 (est.) |
APAC remains dominant |
UPR Trade Flow by Country (2022)
|
Exporting Country |
Major Import Destinations |
Export Value (USD Billion) |
|
China |
India, Vietnam, Indonesia |
1.5 |
|
Japan |
China, Thailand, S. Korea |
0.77 |
|
U.S. |
Germany, Mexico, Canada |
0.88 |
|
Germany |
France, U.S., Poland |
0.94 |
|
India |
UAE, Bangladesh, Kenya |
0.48 |
Key Trade Routes – Statistical View
|
Trade Route |
2021 Share of Global Chemical Trade (%) |
Value (USD Trillion) |
|
Asia-Pacific (intra-region) |
33.9% |
1.19 |
|
Europe → North America |
18.7% |
0.65 |
|
Japan → Rest of Asia |
9.4% |
0.33 |
Specialty Chemical Export Trends (U.S. to Europe)
|
Year |
Export Value (USD Billion) |
YoY Growth (%) |
|
2018 |
2.4 |
– |
|
2019 |
2.6 |
8.9% |
|
2020 |
2.3 |
-16.3% |
|
2021 |
2.9 |
28.8% |
|
2022 |
2.8 |
7.5% |
|
2023 |
3.4 |
10.6% |
COVID-19 Trade Impact (2020)
|
Impact Area |
Reduction in Trade Volume (%) |
Affected Regions |
|
UPR Global Trade |
-10.5% |
Global |
|
Specialty Chemicals (U.S.) |
-16.3% |
EU, Asia, Latin America |
|
Container Traffic (Global) |
-8.9% |
Ports: Shanghai, Rotterdam, LA |
Conclusion – Current Trend (2022–2024)
|
Year |
Global UPR Trade Value (USD Trillion) |
Dominant Market |
Notes |
|
2022 |
3.6 |
Asia Pacific |
Construction & marine led rebound |
|
2023 |
3.8 |
Asia Pacific |
Steady growth |
|
2024 |
4.5 |
Asia Pacific |
Green resin demand rising |
Unsaturated Polyester Resin (UPR) shipments in Japan (2018-2023)
The booming demand for high-performance materials is fueling the application of unsaturated polyester resins in the construction and marine sectors of Japan. The climate commitments and green growth strategy are set to promote the trade of biobased resins in the coming years. The favorable government policies and domestic manufacturing are anticipated to double the profits of key players during the study period.
UPR Shipment Composition in Japan by Product Type (2018–2023)
|
Year |
Reinforced Plastic Applications (KT) |
Construction Materials (KT) |
Marine & Transport Uses (KT) |
|
2018 |
132.4 |
97.8 |
44.9 |
|
2019 |
129.9 |
98.5 |
46.4 |
|
2020 |
115.3 |
83.4 |
37.5 |
|
2021 |
125.8 |
92.9 |
42.7 |
|
2022 |
131.3 |
95.8 |
43.4 |
|
2023 |
134.6 |
99.3 |
46.9 |
Key Drivers – Regulatory & Market Shifts
|
Year |
Green Product Share (%) |
Regulatory Trigger |
Market Demand Factor |
|
2018 |
6.4 |
Baseline |
Steady demand in transport and construction |
|
2020 |
9.7 |
COVID-driven slowdown, eco-policy ramp-up |
Fall in auto/building sectors |
|
2021 |
12.9 |
Green Growth Strategy employment (MoE Japan) |
Demand recovery + eco-composite push |
|
2023 |
15.6 |
UPR eco-certification incentives |
Growth in green housing and EV components |
Export Market Influence on UPR Composition
|
Year |
Export Volume (KT) |
Export Share of Total Shipments (%) |
Key Markets |
Impact on Product Mix |
|
2018 |
55.8 |
18.9 |
China, S. Korea |
Standard-grade UPR, marine resin |
|
2020 |
42.4 |
16.7 |
ASEAN, China |
Fall due to shipping constraints |
|
2023 |
63.7 |
21.5 |
India, Vietnam |
↑ Specialty marine, corrosion-resistant |
Domestic vs Export Shipment Performance (2018–2023)
|
Year |
Domestic Shipments (KT) |
Export Shipments (KT) |
Domestic Share (%) |
Export Share (%) |
|
2018 |
240.5 |
55.5 |
81.4 |
18.9 |
|
2020 |
211.9 |
42.4 |
83.5 |
16.5 |
|
2023 |
239.5 |
63.6 |
79.4 |
21.5 |
Summary: Japan’s Total Chemical Shipments vs Specialty Segments (2023)
|
Metric |
Value (2023) |
|
Total Chemical Shipments (All Segments) |
¥51.5 trillion |
|
Specialty Chemicals Share |
35.9% |
|
Specialty Chemical Shipments Value |
¥18.25 trillion |
|
UPR Contribution (within Specialty) |
~1.5% |
|
UPR Shipment Volume (2023) |
302.9 KT |
Challenges
- Stringent regulatory policies: The strict environmental regulations are poised to hamper the sales of unsaturated polyester resins during the foreseeable period. The VOC limits and waste discharge standards are expected to hinder the adoption of unsaturated polyester resins in some regions with strict compliance. The continuous evolution in environmental law is further set to create challenging scenarios for unsaturated polyester resin producers.
- Low budgets barrier to growth: The unavailability of advanced chemical handling and transporting infrastructure challenges the unsaturated polyester resins’ supply chains. The companies with low budgets often face these issues and lead to product rejection. The product rejection due to polymer degradation in transit is around 7% to 11%. Thus, companies with limited budgets are often deterred from the adoption of advanced production and transportation technologies.
Unsaturated Polyester Resin Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.8% |
|
Base Year Market Size (2024) |
USD 11.9 billion |
|
Forecast Year Market Size (2037) |
USD 23.5 billion |
|
Regional Scope |
|
Unsaturated Polyester Resin Segmentation
Type (Orthophthalic Polyester Resin, Isophthalic Polyester Resin, Terephthalic Polyester Resin, Others)
The orthophthalic polyester resin segment is projected to capture 43.1% of the global unsaturated polyester resin market share through 2037. The cost-effectiveness and ease of processing are primarily boosting the sales of orthophthalic polyester resins. The end users are increasingly investing in orthophthalic polyester resins owing to their good mechanical properties and high performance. The construction and automotive companies are expected to be prime end users of orthophthalic polyester resins during the forecast period. Innovations aimed at enhancing fire retardancy and durability are set to propel the sales of orthophthalic polyester resins in the years ahead.
End user (Automotive, Construction, Marine, Electrical & Electronics, Consumer Goods)
The automotive segment is anticipated to account for 44.2% of the global unsaturated polyester resin market share throughout the forecast period. The growing demand for lightweight and fuel-efficient vehicles is creating a profitable environment for unsaturated polyester resin manufacturers. The growth in the adoption of zero-emission vehicles is expected to fuel the consumption of unsaturated polyester resins. Furthermore, regulatory policies aimed at lowering vehicular emissions are poised to increase the adoption of specialized chemicals, including unsaturated polyester resins.
Our in-depth analysis of the global unsaturated polyester resin market includes the following segments:
|
Type |
|
|
Form |
|
|
End user |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportUnsaturated Polyester Resin Industry - Regional Scope
APAC Market Forecast
The Asia Pacific unsaturated polyester resin market is foreseen to hold 44.2% of the global revenue share by 2037. The robust industrial and urban growth is accelerating the adoption of unsaturated polyester resins. The infrastructure development activities and smart city projects are drawing the attention of several unsaturated polyester resin manufacturers to APAC. The rising public-private budgets for advanced sustainable chemical manufacturing and innovative resin technologies are set to fuel the overall unsaturated polyester resin market growth in the coming years. The favorable government policies and positive foreign direct investments are set to accelerate the production and commercialization of unsaturated polyester resins in the years ahead.
China’s expanding chemical manufacturing sector is directly influencing the sales of unsaturated polyester resins. In 2023, more than 1.25 million companies adopted sustainable chemical processes. This highlighted massive industrial scale-up and created a profitable environment for bio-based resin producers. The country’s increasing investment in infrastructure development is likely to propel the consumption of unsaturated polyester resins in the coming years. Innovations in automotive manufacturing are also driving high sales of unsaturated polyester resins.
The sales of unsaturated polyester resins in India are projected to increase at a CAGR of 9.5% during the study period. The sustainable manufacturing trends are expected to fuel the demand for bio-based resins in the country. The Ministry of Chemicals and Fertilizers estimates that its annual investments in green chemicals have grown by 25.5%. The government funding for green chemicals is poised to double the revenues of unsaturated polyester resin manufacturers in the coming years. The Make in India initiative and rising domestic and foreign investments are poised to fuel the trade of unsaturated polyester resins in the years ahead.
North America Market Statistics
The North America unsaturated polyester resin market is estimated to increase at a CAGR of 6.5% from 2025 to 2037. The high demand for lightweight composite materials in the automotive and construction sectors is mainly fueling the sales of unsaturated polyester resins. The companies are widely adopting unsaturated polyester resins to enhance fuel efficiency and infrastructure durability. The strict environmental regulations are poised to double the demand for biobased resins in the coming years.
The favorable government policies aimed at enhancing industrial development are likely to increase the trade of unsaturated polyester resins in the U.S. The growing demand for sustainable materials and advanced manufacturing is also expected to drive the sales of biobased resins in the coming years. The electrification of vehicles and high demand for automated & luxurious cars are expected to fuel the consumption of unsaturated polyester resins for lightweight and fuel efficiency.
The green chemistry trends and sustainable manufacturing practices are accelerating the demand for bio-based unsaturated polyester resins in Canada. The public spending on green innovations is set to fuel the sales of unsaturated polyester resins in the coming years. The government invested around USD 803.5 million in clean energy chemical production in 2023. Tax benefits and grants are estimated to drive innovations in the bio-based and recyclable polyester resins.
Companies Dominating the Unsaturated Polyester Resin Market
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The key players in the unsaturated polyester resin market are employing several organic and inorganic strategies such as new product launches, technological innovations, mergers & acquisitions, partnerships & collaborations, and regional expansion to maximize their revenue shares. The leading companies are investing heavily in research and development activities to enhance their product offerings. They are also employing merger & acquisition strategies to boost the product folio. The industry giants are collaborating with other players and end users to increase their market reach. Furthermore, the key players are targeting emerging markets to earn lucrative gains from unsaturated polyester resin markets.
|
Company Name |
Country of Origin |
Revenue Share 2024 |
|
Ashland Global Holdings Inc. |
USA |
8.8% |
|
Reichhold LLC (part of Ashland) |
USA |
7.9% |
|
AOC Resins (Altana Group) |
Germany |
6.5% |
|
Scott Bader Company Ltd. |
UK |
6.2% |
|
Polynt-Reichhold Group |
Italy |
5.7% |
|
Kukdo Chemical Co., Ltd. |
South Korea |
xx% |
|
Allnex Group |
Belgium |
xx% |
|
Gurit Holding AG |
Switzerland |
xx% |
|
Cardolite Corporation |
USA |
xx% |
|
Huntsman Corporation |
USA |
xx% |
|
Atul Ltd. |
India |
xx% |
|
Jotun Group |
Norway |
xx% |
|
Songwon Industrial Co., Ltd. |
South Korea |
xx% |
|
Hexion Inc. |
USA |
xx% |
|
MC Resin Company |
Malaysia |
xx% |
Below are the areas covered for each company in the unsaturated polyester resin market:
In the News
- In March 2024, Polynt Group launched a new line of bio-based UPR formulations designed for marine and transportation applications. The introduction was made targeting the Asia Pacific market, owing to rapid urbanization and infrastructure growth.
- In January 2024, Ashland Global Holdings announced the launch of EcoPrime, a biodegradable unsaturated polyester resin. This innovation led to a 20.4% increase in Ashland’s market share in the first quarter of 2024.
Author Credits: Rajrani Baghel
- Report ID: 5178
- Published Date: Jun 02, 2025
- Report Format: PDF, PPT
