Unsaturated 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.
