South Korea Unsaturated Polyester Resins Market Overview, 2030

Due to its strong industrial ecosystem, South Korea's unsaturated polyester resin UPR industry has experienced tremendous expansion, with significant contributions from industries like shipbuilding, electronics, and infrastructure. The expanding shipbuilding sector, where UPR is employed in the creation of lightweight, corrosion-resistant marine components, is a major factor. Given South Korea's dominance in the worldwide market for ship exports, the demand for UPR in this industry continues to increase, especially in the production of fiber-reinforced buildings, hull linings, and interior panels that can withstand harsh marine conditions. In the electronics and digital display industry, UPR has seen growing use in LED display panel casings, providing both strength and insulation. The nation's leadership in electronics production has allowed big businesses like Samsung and LG to make a major contribution to the increasing use of UPR. While Samsung's innovation in consumer electronics has encouraged the use of UPR in cases and structural supports, LG Chem's breakthroughs in resins that are resistant to high temperatures have improved the performance of UPR for electronics that are subjected to high thermal and electrical stress. Due to their strength, low weight, and resistance to corrosion and moisture, UPR composites are used in the building industry, notably in the construction of tunnel and subway infrastructure. The stringent safety and durability requirements of South Korea's massive urban transportation projects make this all the more important. Prefabricated tunnel lining and ventilation duct pieces may be installed quickly using UPR-based composites. Furthermore, the increasing use of composites in contemporary architectural and infrastructure applications, such as bridges, pipelines, and modular panels, has created new possibilities for UPR. South Korea's emphasis on technological integration and high-performance materials continues to advance research and development, ensuring that UPR remains a mainstay in applications where strength, formability, and resistance are required.

According to the research report, ""South Korea Unsaturated Polyester Resins Market Overview, 2030,"" published by Bonafide Research, the South Korea Unsaturated Polyester Resins market is expected to reach a market size of more than USD 686.62 Million by 2030. The integration of UPR into the bodies of household appliances is one of the key trends because of its lightness, moldability, and electrical insulation, it is perfect for use in items like refrigerator liners, air conditioners, and washing machines. The demand for affordable and long-lasting materials like UPR has increased as a result of the worldwide expansion of South Korean electronics companies, which has aided in the development of streamlined mass production. At the same time, electric cars EVs are using more and more fiber-reinforced plastic FRP components produced using UPR. In order to reduce weight and increase energy efficiency, the automobile industry is now using UPR composites in parts such as body panels, battery cases, and bumpers. As worldwide demand for environmentally friendly cars increases, this is consistent with South Korea's national policy course, which emphasizes EV innovation and sustainable mobility. In response to local and international environmental legislation, South Korean businesses are investing more and more in bio-based and recyclable UPRs, while sustainability trends are concurrently impacting resin formulation, forcing manufacturers to create greener alternatives with lower VOC emissions and improved recyclability. The Korean Industrial Standards KS certification system has emerged as a key regulatory tool for standardizing UPR applications across industries, guaranteeing consistent performance, safety, and adherence to export standards. KS certification helps South Korea maintain its competitive edge in the global market by confirming the caliber of its cutting-edge resin compositions. The expanding electronics export market, notably to the United States, the European Union, and Southeast Asia, is driving up demand for niche UPRs that meet the need for heat resistance and lightweight.

Due to their cost and widespread use in common applications like panels, pipes, and low-load composites, orthophthalic resins are the most prevalent type. Many small to medium-sized manufacturers in the construction and consumer goods industries favor them because of their simplicity of processing and versatility. Recognized for their outstanding chemical and mechanical qualities, isophthalic resins are becoming more popular in industries that need greater durability, such as the automobile, maritime, and electronics industries. These resins are excellent for composite applications subjected to moisture and thermal stress, such as electrical enclosures and the interiors of high-speed trains, because they offer superior water, corrosion, and heat resistance. Due to their low shrinkage, superior surface quality, and high thermal stability, dicyclopentadiene DCPD resins are becoming increasingly popular in the expanding automotive and construction materials markets in South Korea. Due to their lower cost and improved processability when compared to isophthalic resins, they are ideal for high-volume manufacture of FRP parts, such as automobile body panels and building moldings. Specialized UPRs, such terephthalic-based, vinyl ester-modified, halogenated, and bio-based resins, are included in the others category. For their mechanical strength and hydrolytic stability, terephthalic-based and vinyl ester-modified UPRs are used in high-performance applications such offshore structures and wind turbine blades. In applications where flame retardance is essential, such as in transportation and electronics, halogenated UPRs are employed. In the meantime, with the help of green government initiatives and R&D finance from companies like LG Chem and SKC, bio-based UPRs are becoming more and more popular as South Korea moves toward sustainability.

The need for materials that are lightweight, corrosion-resistant, and affordable continues to drive the industry in the area of building and construction. With recent trends in urban redevelopment projects including modular building and prefabricated buildings, UPR is increasingly employed in roofing, bathroom fixtures, and architectural panels. The nation's strict safety standards for skyscrapers and smart infrastructure are compatible with the use of fire-retardant and weather-resistant UPRs because of its chemical resistance and durability, UPR is used in the manufacture of water tanks, sewage systems, and industrial pipes in tanks and pipes. Due to government-backed infrastructure upgrades and clean water programs, fiberglass-reinforced UPR tanks are becoming more popular among municipal governments and utility firms for water and sanitation management. Due to its superior dielectric qualities, the electrical sector uses UPR to insulate motor casings, switch boxes, and other components. UPR is a crucial component in the production of heat-resistant and form-stable composite components due to South Korea's dominance in the electronics and appliance industry, particularly through businesses like Samsung and LG. UPR is widely utilized in marine applications for boat hulls, yacht interiors, and underwater panels. Due to its corrosion resistance and low weight, it is essential to the shipbuilding industry, which is still flourishing in coastal cities like Busan and Ulsan because of its moldability and strength-to-weight ratio, UPR is employed in body panels, bumpers, and battery casings in the automobile and electric car industries, which are part of the broader transport sector. UPR enhances the market for fake stone by manufacturing ornamental surfaces used in high-end interiors and business projects. The category of others covers niche but increasing applications in renewable energy systems, sports gear, and furniture.

Due to its versatility across a variety of molding methods, including hand lay-up, spray-up, filament winding, and casting, liquid UPR is particularly popular in sectors like electronics, marine, automobile, and construction. The liquid form is valued by South Korean manufacturers and fabricators for making composite parts that are lightweight but strong essential characteristics for uses ranging from bathroom fixtures and building panels to marine vessels and electric vehicle components because of its superior surface finishes and bonding capabilities, the liquid version is also the material of choice for uses that need both visual appeal and mechanical performance. In contrast, although it represents a smaller market share, powder form UPR is becoming increasingly popular for certain specialized uses where regulated curing, extended shelf life, and lower process emissions are necessary. Powder UPR is especially beneficial in high-temperature environments and automated production facilities, such as those found in electronics and some cutting-edge composite industries. Its usage in manufacturing powder-coated composite panels and parts contributes to South Korea's increasing environmental rules and desire for cleaner production methods. Given the nation's emphasis on materials that are environmentally friendly and have low VOCs, there is a slow R&D investment in broadening powder UPR applications, particularly in conjunction with research institutions and high-tech enterprises. Both forms are experiencing customized advancements, with the liquid form continuing to dominate due to its well-established supply chain and end-user familiarity, and the powder form gradually establishing itself in high-precision, low-emission applications.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Unsaturated Polyester Resins Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Orthophthalic Resin
• Isophthalic Resin
• Dicyclopentadiene (DCPD) Resin
• Others (Terephthalic-Based UPRs, Vinyl Ester-Modified UPRs, Halogenated UPRs, Bio-Based UPRs)

By End-use
• Building & Construction
• Tanks & Pipes
• Electrical
• Marine
• Transport
• Artificial Stones
• Others

By Form
• Liquid Form
• Powder Form Show more