Unsaturated Polyester Resins

Global Unsaturated Polyester Resins Market to Reach US$15.6 Billion by 2030

The global market for Unsaturated Polyester Resins estimated at US$11.0 Billion in the year 2024, is expected to reach US$15.6 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2024-2030. Orthophthalic, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$5.6 Billion by the end of the analysis period. Growth in the Isophthalic segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.9 Billion While China is Forecast to Grow at 9.8% CAGR

The Unsaturated Polyester Resins market in the U.S. is estimated at US$2.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

strong>Global Unsaturated Polyester Resins Market - Key Trends & Drivers Summarized

What Are Unsaturated Polyester Resins and Why Are They Vital?
Unsaturated polyester resins (UPRs) are a type of thermosetting polymer widely used in the production of fiber-reinforced plastics, coatings, adhesives, and other composite materials. These resins are known for their excellent mechanical properties, chemical resistance, and ease of processing, making them vital in various industrial applications. UPRs are typically used in combination with reinforcing materials such as fiberglass to produce strong, lightweight, and durable composite products. The versatility of UPRs allows them to be used in a wide range of industries, including automotive, construction, marine, and electrical. The ability to tailor the properties of unsaturated polyester resins by modifying their chemical composition makes them an indispensable material in the manufacturing of high-performance composites.

How Has the Development of UPRs Evolved Over Time?
The development of unsaturated polyester resins has evolved significantly, driven by advances in polymer chemistry and the increasing demand for high-performance composite materials. Innovations in resin formulation have led to the creation of UPRs with enhanced properties, such as improved thermal stability, greater chemical resistance, and reduced shrinkage during curing. The introduction of low-styrene and styrene-free UPRs has addressed environmental and health concerns associated with volatile organic compounds (VOCs), making these resins more environmentally friendly. Additionally, the development of specialty UPRs tailored for specific applications, such as fire-retardant resins for construction and transportation, has expanded the use of UPRs in industries that require stringent safety standards. The evolution of manufacturing techniques, including automated processes and the use of advanced curing agents, has also improved the efficiency and consistency of UPR production.

Where Are Unsaturated Polyester Resins Most Commonly Applied?
Unsaturated polyester resins are most commonly applied in the construction, automotive, and marine industries. In the construction industry, UPRs are used to produce composite panels, roofing materials, pipes, and tanks, where their strength, durability, and resistance to corrosion are highly valued. The automotive industry utilizes UPRs in the production of lightweight components such as body panels, bumpers, and interior parts, which help improve fuel efficiency and reduce emissions. In the marine industry, UPRs are essential for manufacturing boat hulls, decks, and other structural components, where their resistance to water and harsh environmental conditions ensures long-term performance. Additionally, UPRs are used in the production of electrical components, such as circuit boards and insulators, where their insulating properties and resistance to heat and chemicals are crucial.

What Is Driving the Growth of the Unsaturated Polyester Resins Market?
The growth in the unsaturated polyester resins market is driven by several factors, including the increasing demand for lightweight and durable materials, advancements in resin technology, and the expanding use of composites in various industries. The construction industry`s growing need for corrosion-resistant and high-strength materials is a significant driver, as UPRs offer an ideal solution for infrastructure projects. The automotive industry`s shift towards lightweight materials to improve fuel efficiency and reduce emissions is also boosting demand for UPRs, particularly in the production of composite components. Technological advancements, such as the development of environmentally friendly and specialty resins, are further contributing to market growth by meeting the evolving needs of various industries. The expanding application of composites in the marine, electrical, and renewable energy sectors is also driving demand for UPRs, as these resins provide the necessary performance characteristics for these demanding applications.

SCOPE OF STUDY:

The report analyzes the Unsaturated Polyester Resins market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Orthophthalic, Isophthalic, DCPD, Other Types); End-Use (Building & Construction, Pipes & Tanks, Land Transportation, Electrical & Electronics, Artificial Stone, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 47 Featured) -

• AOC LLC
• Ashland, Inc.
• BASF SE
• Nuplex Industries Ltd.
• Polynt S.P.A.
• Reichhold LLC
• Royal DSM NV
• Scott Bader Company Ltd.
• UPC Technology Corp.
• U-PiCA Company Ltd.

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