Unsaturated Polyester Resin Market Size & Share, by Product (Dicyclopentadiene, Orthophthalic, Isophthalic); End-user (Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Paints & Coatings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5178
  • Published Date: Aug 23, 2023
  • Report Format: PDF, PPT

Global Unsaturated Polyester Resin Market TOC

  1. An Introduction to the Research Study
    1. Definition of the Market and the Segments
    2. Acronyms and Assumptions
  2. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Manufacturer Front
        2. End User Front
    2. Calculation and Derivation of Market Size
      1. Top-Down Approach
      2. Bottom-up Approach
  3. An Abstract of the Report
  4. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
  5. Fundamental Market Prospects
    1. Strategic Competitive Opportunities
    2. Geographic Opportunities
    3. Application Centric Opportunities
  6. Regulatory & Standards Landscape
  7. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  8. Economic Outlook: Global
  9. Technological Shift and Implementation Analysis
  10. Industry Supply Chain Analysis
  11. Product Feature Analysis
  12. Industry Growth Outlook w.r.to Product
  13. Analysis on Ongoing Trends in Unsaturated Polyester Resin Market
    1. Application in Building & Construction
    2. Gelcoats
    3. Unsaturated Polyester Resin Nanocomposites Based on Post-Consumer Polyethylene Terephthalate
    4. Others
  14. Analysis on Unsaturated Polyester Resin
    1. Analysis on Properties of Polyester Resin
    2. Formulation of Unsaturated Polyester Resin
    3. Difference between Unsaturated Polyester Resin and Saturated Polyester Resin
  15. Analysis on the Process for Manufacturing Unsaturated Polyester Resins
    1. Mixing and Dispersing Processes
    2. Optimized Viscosity
    3. Reduced Shrinkage
  16. Trade Outlook
    1. Import Analysis, 2020-2022
      1. By Value, (USD million)
      2. Key Importing countries
    2. Export Analysis, 2020-2022
      1. By Value, (USD million)
      2. Key Exporting Countries
  17. End User Analysis
  18. Pricing Analysis
  19. Global Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. Global Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
        1. Dicyclopentadiene (DCPD), Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Orthophthalic, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Isophthalic, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Others, Market Value (USD Million), Current and Future Projections, 2022-2035
      2. By End User
        1. Building & Construction, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Tanks & Pipes, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Electrical, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Marine, Market Value (USD Million), Current and Future Projections, 2022-2035
        5. Transport, Market Value (USD Million), Current and Future Projections, 2022-2035
        6. Paints and Coatings, Market Value (USD Million), Current and Future Projections, 2022-2035
        7. Others, Market Value (USD Million), Current and Future Projections, 2022-2035
      3. By Region
        1. North America, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Asia Pacific, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Europe, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Latin America, Market Value (USD Million), Current and Future Projections, 2022-2035
        5. Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2022-2035
  20. Cross Analysis of Product w.r.t. End User (USD Million), 2022
  21. North America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. North America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
        1. Dicyclopentadiene (DCPD), Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Orthophthalic, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Isophthalic, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Others, Market Value (USD Million), Current and Future Projections, 2022-2035
      2. By End User
        1. Building & Construction, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Tanks & Pipes, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Electrical, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Marine, Market Value (USD Million), Current and Future Projections, 2022-2035
        5. Transport, Market Value (USD Million), Current and Future Projections, 2022-2035
        6. Paints and Coatings, Market Value (USD Million), Current and Future Projections, 2022-2035
        7. Others, Market Value (USD Million), Current and Future Projections, 2022-2035
      3. By Country
        1. U.S., Market Value (USD Million), Current and Future Projections, 2022-2035)
        2. Canada, Market Value (USD Million), Current and Future Projections, 2022-2035
  22. Europe Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. Europe Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
      2. By End User
      3. By Country
        1. U.K., Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Germany, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Italy, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. France, Market Value (USD Million), Current and Future Projections, 2022-2035
        5. Spain, Market Value (USD Million), Current and Future Projections, 2022-2035
        6. Russia, Market Value (USD Million), Current and Future Projections, 2022-2035
        7. Netherland, Market Value (USD Million), Current and Future Projections, 2022-2035
        8. Rest of Europe, Market Value (USD Million), Current and Future Projections, 2022-2035
  23. Asia Pacific Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
      2. By End User
      3. By Country
        1. Australia, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Japan, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Singapore, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. South Korea, Market Value (USD Million), Current and Future Projections, 2022-2035
        5. India, Market Value (USD Million), Current and Future Projections, 2022-2035
        6. China, Market Value (USD Million), Current and Future Projections, 2022-2035
        7. Rest of Asia Pacific, Market Value (USD Million), Current and Future Projections, 2022-2035
  24. Latin America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. Latin America Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
      2. By End User
      3. By Country
        1. Brazil, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Argentina, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. Mexico, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Rest of Latin America, Market Value (USD Million), Current and Future Projections, 2022-2035
  25. Middle East and Africa Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD million), and Compound Annual Growth Rate (CAGR)
    3. Middle East and Africa Unsaturated Polyester Resin Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Product
      2. By End User
      3. By Country
        1. GCC, Market Value (USD Million), Current and Future Projections, 2022-2035
        2. Israel, Market Value (USD Million), Current and Future Projections, 2022-2035
        3. South Africa, Market Value (USD Million), Current and Future Projections, 2022-2035
        4. Rest of Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2022-2035
  26. Comprehensive Analysis of Leading Players in the Market
    1.  Market share of Key Competitors in the Market, (%) 2022
    2. Benchmarking of the Competitors
    3. Profile of the Major Vendors
      1. KITAMURA CHEMICALS CO., LTD.
      2. DIC Corporation
      3. U-PICA Company.Ltd.
      4. Japan Composite Co., LTD.
      5. BASF SE
      6. UPC Technology Corporation
      7. Eternal Materials Co., Ltd.
      8. Scott Bader Company Ltd
      9. Resonac Holdings Corporation
      10. Qualipoly Chemical Corporation (QPC)

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Unsaturated Polyester Resin Market size is set to register USD 26.86 billion by the end of 2035, growing at a CAGR of 6.2 % during the forecast period 2023-2035. In the year 2022, the industry size of unsaturated polyester resin was USD 12.31 billion. The market is driven by the growing adoption of liquid foam of unsaturated polyester resin in different verticals. As it is used for the manufacture of fiberglass decks for swimming pools, and other products.

In addition to this, the unsaturated polyester resin market is also expected to grow on account of the rising demand for bio-based resins for the sustainable environment, The government is putting efforts and capital to boost the research and development of bio-based resin and move towards sustainability and recyclability.


Unsaturated Polyester Resin Market
Get more information on this report: Request Free Sample PDF

Unsaturated Polyester Resin Sector: Growth Drivers and Challenges

Growth Drivers

  •  Increasing Construction Activities in Developing Countries – The increasing construction activities, both residential and commercial, in emerging countries are fueling the demand for unsaturated polyester resins since they have excellent tensile strength, bending strength, impact strength, heat resistance, corrosion resistance, and electric property, making them suitable for housing and construction materials. For instance, foreign direct investment (FDI) in India between April 2000 and September 2022, in the development of construction projects, such as townships, housing, and built-up infrastructure amounted to approximately USD 26.23 billion.
  • Rapid Expansion of the Paints & Coatings Industry – The rapid expansion of the paints and coatings industry presents a significant growth opportunity for the unsaturated polyester resin market. As they are used for surface coating as filler, sealer, and top-coat of wood to provide better scratch resistance, and chemical resistance, to reduce hardness, and to increase flexibility and impact strength. Furthermore, the rising utilization of coating resins in architectural coatings due to their versatility, and properties, such as adhesion, durability, and weather resistance is propelling its market growth. According to the American Coatings Association (ACA), nearly 868 million gallons of architectural paint were utilized in the US in 2021.
  • Rising Projects of Wind Power- In 2021, global offshore wind installations reached a new high of 17,398 MW, extending the total power generation capacity actually installed to 50,623 MW spanning 257 projects. Unsaturated polyester resin is utilized in making the wind turbine blades by getting mixed in the matrix.

Challenges

  • Availability of Alternative – The availability of substitutes, such as epoxy resin may hinder the growth of unsaturated polyester resin. Epoxy has a low shrinkage percentage, which is important for applications requiring geometrical precision. Further, it also has high environmental durability; more resistant to wearing, cracking, peeling, and corrosion or damage from chemical and environmental degradation since it is resistant to moisture.
  • Rising Raw Material Prices
  • Complexity with the Use of Styrene in Producing Unsaturated Polyester Resin

Unsaturated Polyester Resin Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

6.2%

Base Year Market Size (2022)

USD 12.31 Billion

Forecast Year Market Size (2035)

USD 26.86 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, and Rest of Europe)
  • Asia-Pacific (Australia, China, India, South Korea, Australia, Singapore, Rest of Asia-Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Unsaturated Polyester Resin Segmentation

Product {Dicyclopentadiene (DCPD), Orthophthalic, and Isophthalic}

By the end of 2035, the isophthalic segment in the unsaturated polyester resin market is anticipated to garner the largest revenue of USD 10.38 Billion and is further expected to grow at the fastest CAGR of 6.4% during the forecast period. Isophthalic resin is the widely used resin for corrosion-resistant structures. Besides, it is primarily used for the manufacturing of moldings and laminates, which are highly resistant to chemicals and heat, but it can also be used in other areas such as construction materials or exterior decorating. It is, however, most expensive than other types of molding materials and is not easy to handle due to its high styrene content i.e., 42% to 50%.

End User (Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Paints & Coatings)

The tanks & pipes segment is expected to grow at the fastest CAGR of 7.4% during the upcoming years. Unsaturated polyester resins are used for manufacturing fiber-reinforced plastic (FRP) which is reinforced with glass fiber used for water tanks, septic tanks, tanks, and pipes.  In addition, there has been increasing use of tanks and pipes in chemical plants, agriculture, and pipeline construction.

Our in-depth analysis of the global market includes the following segments:

    Product

  • Dicyclopentadiene (DCPD)
  • Orthophthalic
  • Isophthalic

    End User

  • Building & Construction
  • Tanks & Pipes
  • Electrical
  • Marine
  • Transport
  • Paints and Coatings

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 Report

Unsaturated Polyester Resin Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific unsaturated polyester resin market, amongst the market in all the other regions, is projected to hold the largest market share and account for USD 14.79 Billion by the end of 2035. The region is anticipated to dominate in terms of market size, led by growth in demand for unsaturated polyester resins in the region. The expansion of automotive, and textile industries across Asian countries, especially in India, China, and Japan, is driving demand for unsaturated polyester resins. In March 2023, according to the American Chamber of Commerce in South China (AmCham South China), around 75% of companies planning to reinvest in China’s textile industry.

European Market Statistics

The market in the Europe region is predicted to hold a significant share of USD 4.37 Billion by 2035.  With the rapid expansion of several end-use industries and favorable government initiatives, there is an increasing demand for customized formulations that enhance the aesthetic appeal of buildings in Europe, which is expected to boost the sales of unsaturated polyester resin in the future.

Research Nester
Unsaturated Polyester Resin Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Unsaturated Polyester Resin Landscape

top-features-companies
    • KITAMURA CHEMICALS CO., LTD
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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)

In-the-news

In The News

  • Showa Denko K.K., a Japanese chemical industry company, declared their merger with Showa Denko Materials Co., Ltd. (former Hitachi Chemical) and transformed into two new companies, namely a holding company called "Resonac Holdings Corporation" and a manufacturing company called "Resonac Corporation".
  • DIC Corporation, a Japanese chemicals business, declared that its wholly-owned subsidiary 'Ideal Chemi Plast Private Limited' has been incorporated and began construction of a new coating resin production facility with triple production capacity.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5178
  • Published Date: Aug 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing construction industry and the rising adoption of bio-based unsaturated polyester resins around the globe are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 6.2% over the forecast period, i.e., 2023 – 2035.

The major players in the market are KITAMURA CHEMICALS CO. LTD, DIC Corporation, and U-PICA Company Ltd.

The isophthalic is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Unsaturated Polyester Resin Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying