The Unsaturated Polyester Resins Market size was valued at USD 13.1 Billion in 2023. It is expected to grow to USD 22.4 Billion by 2032 and grow at a CAGR of 6.2% over the forecast period of 2024-2032.
The Unsaturated Polyester Resins (UPR) Market is driven by increasing demand from construction, automotive, marine, and electrical industries. Unsaturated polyester resins are widely used due to their high strength, chemical resistance, and cost-effectiveness. The growing focus on lightweight and durable composite materials has further propelled the adoption of UPR in various industrial applications.
Key Players
- LERG SA
- DOW Inc.
- Von Roll
- BASF SE
- AOC
- Ineos Group
- DSM
- TIANHE RESIN CO., LTD.
- Scott Bader Company Ltd.
- UPC GROUP
Future Scope
The future of the Unsaturated Polyester Resins Market looks promising, with increasing applications in building construction, transportation, and aerospace industries. The demand for corrosion-resistant, lightweight, and high-performance materials is driving research and development in bio-based and recyclable UPR. Additionally, rising infrastructure projects in emerging economies are expected to boost market growth.
Emerging Trends
The UPR market is experiencing technological advancements and sustainability-driven innovations. Manufacturers are focusing on low-styrene and bio-based resins to comply with environmental regulations and reduce VOC emissions. Advancements in composite manufacturing techniques, such as 3D printing and automated resin infusion, are enhancing the efficiency and application range of UPR. Furthermore, the increasing use of recycled raw materials and renewable sources is shaping the future of the market.
Key Points
Growing demand in construction, automotive, and marine industries.
Rising adoption of lightweight and high-strength composite materials.
Development of bio-based and sustainable UPR solutions.
Advancements in resin formulation to improve durability and performance.
Expanding infrastructure projects in emerging economies boosting market growth.
Conclusion
The Unsaturated Polyester Resins Market is poised for steady growth, driven by technological advancements, sustainability trends, and increasing industrial applications. As manufacturers continue to focus on environmentally friendly and high-performance UPR solutions, the market is expected to witness strong expansion in the coming years.
Jagney Dave — Vice President of Client Engagement
Phone: +1–315 636 4242 (US) | +44- 20 3290 5010 (UK)
