unsaturated polyester resin upr market size, share, growth drivers, trends, opportunities & forecast 2025–2030
Description
Unsaturated Polyester Resin (UPR) Market Overview
The Unsaturated Polyester Resin (UPR) market is valued at USD 13.9 billion, based on a five-year historical analysis. This growth is primarily driven by increasing demand from end-use industries such as automotive, construction, and marine, where UPR is favored for its excellent mechanical properties and resistance to corrosion. The rising trend of lightweight materials in manufacturing processes has further propelled the market, as UPR offers a cost-effective solution for producing durable and lightweight components .
Key players in the UPR market are predominantly located in regions such as North America, Europe, and Asia-Pacific. The United States and Germany remain particularly dominant due to advanced manufacturing capabilities and robust automotive and construction sectors. China has emerged as a significant player, driven by rapid industrialization, urbanization, and infrastructure expansion, which have led to increased demand for UPR in diverse applications .
The European Union’s Industrial Emissions Directive (Directive 2010/75/EU), enforced by the European Parliament and Council, sets binding limits on volatile organic compounds (VOCs) emissions from industrial processes, including those involving UPR. This regulation requires manufacturers to comply with specific emission thresholds and encourages the development of low-VOC and eco-friendly UPR formulations, driving innovation and sustainable practices among producers .
Unsaturated Polyester Resin (UPR) Market Segmentation
By Type:
The UPR market is segmented into Orthophthalic UPR, Isophthalic UPR, Dicyclopentadiene (DCPD) UPR, Vinyl Ester UPR, and Others. Orthophthalic UPR remains the most widely used due to its cost-effectiveness and versatility, especially in construction and automotive industries where mechanical strength and environmental resistance are critical. Isophthalic UPR is gaining market share for applications requiring higher thermal and chemical resistance, notably in marine and electrical sectors .
By End-Use Industry:
The UPR market is segmented by end-use industries, including Building & Construction, Automotive & Transportation, Marine, Electrical & Electronics, Tanks & Pipes, Artificial Stone, and Others. The Building & Construction sector holds the largest share, driven by the demand for durable and lightweight materials in infrastructure and housing projects. The Automotive & Transportation sector is also significant, as manufacturers increasingly adopt lightweight composites to improve fuel efficiency and reduce emissions. Marine, electrical, and other industrial applications continue to expand due to UPR’s corrosion resistance and adaptability .
Unsaturated Polyester Resin (UPR) Market Competitive Landscape
The Unsaturated Polyester Resin (UPR) Market is characterized by a dynamic mix of regional and international players. Leading participants such as Ashland Global Holdings Inc., BASF SE, Reichhold LLC, DSM Composite Resins AG, Polynt-Reichhold Group, AOC, LLC, Scott Bader Company Ltd., Hexion Inc., Allnex Belgium SA/NV, Momentive Performance Materials Inc., Sika AG, KUKDO Chemical Co., Ltd., Jiangsu Yangnong Chemical Group Co., Ltd., Tianhe Resin Co., Ltd., Hubei Daguangming Industry & Trade Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Ashland Global Holdings Inc.
1924
Covington, Kentucky, USA
BASF SE
1865
Ludwigshafen, Germany
Reichhold LLC
1927
Research Triangle Park, North Carolina, USA
DSM Composite Resins AG
1902
Heerlen, Netherlands
Polynt-Reichhold Group
2017
Scanzorosciate, Italy
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue from UPR Segment
UPR Market Share (%)
Production Capacity (Metric Tons/Year)
Capacity Utilization Rate (%)
Geographic Presence (No. of Countries/Regions)
Unsaturated Polyester Resin (UPR) Market Industry Analysis
Growth Drivers
Increasing Demand from the Automotive Industry:
The automotive sector is projected to consume approximately 1.5 million tons of unsaturated polyester resin in future, driven by the need for lightweight materials that enhance fuel efficiency. The global automotive production is expected to reach 90 million units, with a significant portion utilizing UPR for components like body panels and interior parts. This trend is supported by the automotive industry's shift towards sustainable practices and the adoption of advanced composite materials.
Rising Applications in Construction and Building Materials:
The construction industry is anticipated to utilize around 1.2 million tons of UPR in future, primarily for applications in roofing, flooring, and insulation. With global construction spending projected to exceed $10 trillion, the demand for durable and lightweight materials is surging. UPR's properties, such as corrosion resistance and ease of molding, make it an ideal choice for modern construction projects, further driving market growth.
Growth in the Marine Industry:
The marine sector is expected to account for approximately 800,000 tons of UPR usage in future, fueled by the increasing production of boats and yachts. The global recreational boating market is projected to reach $50 billion, with UPR being favored for its excellent mechanical properties and resistance to water. This growth is further supported by rising disposable incomes and a growing interest in leisure activities, enhancing the demand for UPR in marine applications.
Market Challenges
Volatility in Raw Material Prices:
The UPR market faces significant challenges due to fluctuating prices of key raw materials, such as styrene and unsaturated polyesters. In future, styrene prices are projected to range between $1,200 and $1,500 per ton, influenced by global supply chain disruptions and geopolitical tensions. This volatility can lead to increased production costs, impacting profit margins for manufacturers and potentially hindering market growth.
Environmental Regulations and Compliance Issues:
Stricter environmental regulations are emerging globally, particularly concerning volatile organic compound (VOC) emissions from UPR production. In future, compliance costs are expected to rise by 15% due to new regulations in regions like the EU and North America. These regulations may necessitate investments in cleaner technologies, posing a financial burden on manufacturers and potentially limiting market expansion in heavily regulated areas.
Unsaturated Polyester Resin (UPR) Market Future Outlook
The UPR market is poised for significant transformation, driven by technological advancements and a growing emphasis on sustainability. As manufacturers increasingly adopt bio-based resins and innovative production techniques, the market is expected to witness enhanced efficiency and reduced environmental impact. Additionally, the rising demand for lightweight materials across various industries will further propel growth. Companies that adapt to these trends and invest in sustainable practices are likely to gain a competitive edge in the evolving landscape of the UPR market.
Market Opportunities
Development of Bio-Based UPR:
The shift towards bio-based unsaturated polyester resins presents a significant opportunity, with the market for bio-based materials projected to grow by 20% annually. This trend aligns with global sustainability goals, attracting investments and fostering innovation in eco-friendly formulations that can replace traditional petroleum-based resins.
Expansion in Emerging Economies:
Emerging economies, particularly in Asia-Pacific, are witnessing rapid industrialization, leading to increased demand for UPR in construction and automotive sectors. With a projected GDP growth rate of 6% in these regions, the UPR market is expected to benefit from infrastructure development and rising consumer spending, creating lucrative opportunities for manufacturers.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Unsaturated Polyester Resin (UPR) market is valued at USD 13.9 billion, based on a five-year historical analysis. This growth is primarily driven by increasing demand from end-use industries such as automotive, construction, and marine, where UPR is favored for its excellent mechanical properties and resistance to corrosion. The rising trend of lightweight materials in manufacturing processes has further propelled the market, as UPR offers a cost-effective solution for producing durable and lightweight components .
Key players in the UPR market are predominantly located in regions such as North America, Europe, and Asia-Pacific. The United States and Germany remain particularly dominant due to advanced manufacturing capabilities and robust automotive and construction sectors. China has emerged as a significant player, driven by rapid industrialization, urbanization, and infrastructure expansion, which have led to increased demand for UPR in diverse applications .
The European Union’s Industrial Emissions Directive (Directive 2010/75/EU), enforced by the European Parliament and Council, sets binding limits on volatile organic compounds (VOCs) emissions from industrial processes, including those involving UPR. This regulation requires manufacturers to comply with specific emission thresholds and encourages the development of low-VOC and eco-friendly UPR formulations, driving innovation and sustainable practices among producers .
Unsaturated Polyester Resin (UPR) Market Segmentation
By Type:
The UPR market is segmented into Orthophthalic UPR, Isophthalic UPR, Dicyclopentadiene (DCPD) UPR, Vinyl Ester UPR, and Others. Orthophthalic UPR remains the most widely used due to its cost-effectiveness and versatility, especially in construction and automotive industries where mechanical strength and environmental resistance are critical. Isophthalic UPR is gaining market share for applications requiring higher thermal and chemical resistance, notably in marine and electrical sectors .
By End-Use Industry:
The UPR market is segmented by end-use industries, including Building & Construction, Automotive & Transportation, Marine, Electrical & Electronics, Tanks & Pipes, Artificial Stone, and Others. The Building & Construction sector holds the largest share, driven by the demand for durable and lightweight materials in infrastructure and housing projects. The Automotive & Transportation sector is also significant, as manufacturers increasingly adopt lightweight composites to improve fuel efficiency and reduce emissions. Marine, electrical, and other industrial applications continue to expand due to UPR’s corrosion resistance and adaptability .
Unsaturated Polyester Resin (UPR) Market Competitive Landscape
The Unsaturated Polyester Resin (UPR) Market is characterized by a dynamic mix of regional and international players. Leading participants such as Ashland Global Holdings Inc., BASF SE, Reichhold LLC, DSM Composite Resins AG, Polynt-Reichhold Group, AOC, LLC, Scott Bader Company Ltd., Hexion Inc., Allnex Belgium SA/NV, Momentive Performance Materials Inc., Sika AG, KUKDO Chemical Co., Ltd., Jiangsu Yangnong Chemical Group Co., Ltd., Tianhe Resin Co., Ltd., Hubei Daguangming Industry & Trade Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Ashland Global Holdings Inc.
1924
Covington, Kentucky, USA
BASF SE
1865
Ludwigshafen, Germany
Reichhold LLC
1927
Research Triangle Park, North Carolina, USA
DSM Composite Resins AG
1902
Heerlen, Netherlands
Polynt-Reichhold Group
2017
Scanzorosciate, Italy
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue from UPR Segment
UPR Market Share (%)
Production Capacity (Metric Tons/Year)
Capacity Utilization Rate (%)
Geographic Presence (No. of Countries/Regions)
Unsaturated Polyester Resin (UPR) Market Industry Analysis
Growth Drivers
Increasing Demand from the Automotive Industry:
The automotive sector is projected to consume approximately 1.5 million tons of unsaturated polyester resin in future, driven by the need for lightweight materials that enhance fuel efficiency. The global automotive production is expected to reach 90 million units, with a significant portion utilizing UPR for components like body panels and interior parts. This trend is supported by the automotive industry's shift towards sustainable practices and the adoption of advanced composite materials.
Rising Applications in Construction and Building Materials:
The construction industry is anticipated to utilize around 1.2 million tons of UPR in future, primarily for applications in roofing, flooring, and insulation. With global construction spending projected to exceed $10 trillion, the demand for durable and lightweight materials is surging. UPR's properties, such as corrosion resistance and ease of molding, make it an ideal choice for modern construction projects, further driving market growth.
Growth in the Marine Industry:
The marine sector is expected to account for approximately 800,000 tons of UPR usage in future, fueled by the increasing production of boats and yachts. The global recreational boating market is projected to reach $50 billion, with UPR being favored for its excellent mechanical properties and resistance to water. This growth is further supported by rising disposable incomes and a growing interest in leisure activities, enhancing the demand for UPR in marine applications.
Market Challenges
Volatility in Raw Material Prices:
The UPR market faces significant challenges due to fluctuating prices of key raw materials, such as styrene and unsaturated polyesters. In future, styrene prices are projected to range between $1,200 and $1,500 per ton, influenced by global supply chain disruptions and geopolitical tensions. This volatility can lead to increased production costs, impacting profit margins for manufacturers and potentially hindering market growth.
Environmental Regulations and Compliance Issues:
Stricter environmental regulations are emerging globally, particularly concerning volatile organic compound (VOC) emissions from UPR production. In future, compliance costs are expected to rise by 15% due to new regulations in regions like the EU and North America. These regulations may necessitate investments in cleaner technologies, posing a financial burden on manufacturers and potentially limiting market expansion in heavily regulated areas.
Unsaturated Polyester Resin (UPR) Market Future Outlook
The UPR market is poised for significant transformation, driven by technological advancements and a growing emphasis on sustainability. As manufacturers increasingly adopt bio-based resins and innovative production techniques, the market is expected to witness enhanced efficiency and reduced environmental impact. Additionally, the rising demand for lightweight materials across various industries will further propel growth. Companies that adapt to these trends and invest in sustainable practices are likely to gain a competitive edge in the evolving landscape of the UPR market.
Market Opportunities
Development of Bio-Based UPR:
The shift towards bio-based unsaturated polyester resins presents a significant opportunity, with the market for bio-based materials projected to grow by 20% annually. This trend aligns with global sustainability goals, attracting investments and fostering innovation in eco-friendly formulations that can replace traditional petroleum-based resins.
Expansion in Emerging Economies:
Emerging economies, particularly in Asia-Pacific, are witnessing rapid industrialization, leading to increased demand for UPR in construction and automotive sectors. With a projected GDP growth rate of 6% in these regions, the UPR market is expected to benefit from infrastructure development and rising consumer spending, creating lucrative opportunities for manufacturers.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
81 Pages
- 1. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand from the automotive industry
- 3.1.2. Rising applications in construction and building materials
- 3.1.3. Growth in the marine industry
- 3.1.4. Expanding use in electrical and electronic applications
- 3.2. Restraints
- 3.2.1. Volatility in raw material prices
- 3.2.2. Environmental regulations and compliance issues
- 3.2.3. Competition from alternative materials
- 3.2.4. Limited awareness in emerging markets
- 3.3. Opportunities
- 3.3.1. Development of bio-based UPR
- 3.3.2. Expansion in emerging economies
- 3.3.3. Technological advancements in production processes
- 3.3.4. Increasing demand for lightweight materials
- 3.4. Trends
- 3.4.1. Shift towards sustainable and eco-friendly products
- 3.4.2. Growing preference for high-performance resins
- 3.4.3. Integration of digital technologies in manufacturing
- 3.4.4. Rising focus on recycling and circular economy
- 3.5. Government Regulation
- 3.5.1. Regulations on VOC emissions
- 3.5.2. Compliance with safety standards
- 3.5.3. Incentives for using sustainable materials
- 3.5.4. Import/export regulations affecting raw materials
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Orthophthalic UPR
- 4.1.2. Isophthalic UPR
- 4.1.3. Dicyclopentadiene (DCPD) UPR
- 4.1.4. Vinyl Ester UPR
- 4.1.5. Others
- 4.2. By End-Use Industry (in Value %)
- 4.2.1. Building & Construction
- 4.2.2. Automotive & Transportation
- 4.2.3. Marine
- 4.2.4. Electrical & Electronics
- 4.2.5. Tanks & Pipes
- 4.2.6. Artificial Stone
- 4.3. By Application (in Value %)
- 4.3.1. Composites
- 4.3.2. Coatings
- 4.3.3. Adhesives
- 4.3.4. Castings
- 4.3.5. Gelcoats
- 4.4. By Form (in Value %)
- 4.4.1. Liquid UPR
- 4.4.2. Powder/Solid UPR
- 4.4.3. Others
- 4.5. By Price Tier (in Value %)
- 4.5.1. Premium
- 4.5.2. Mid-range
- 4.5.3. Economy
- 4.6. By Region (in Value %)
- 4.6.1. North India
- 4.6.2. South India
- 4.6.3. East India
- 4.6.4. West India
- 4.6.5. Central India
- 4.6.6. Northeast India
- 4.6.7. Union Territories
- 5. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Ashland Global Holdings Inc.
- 5.1.2. BASF SE
- 5.1.3. Reichhold LLC
- 5.1.4. DSM Composite Resins AG
- 5.1.5. Polynt-Reichhold Group
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue
- 5.2.2. Production Capacity
- 5.2.3. Geographic Presence
- 5.2.4. R&D Investment as % of Revenue
- 5.2.5. Average Selling Price (USD/Kg)
- 6. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Regulatory Framework
- 6.1. Industry Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. unsaturated polyester resin upr size, share, growth drivers, trends, opportunities & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-Use Industry (in Value %)
- 8.3. By Application (in Value %)
- 8.4. By Price Tier (in Value %)
- 8.5. By Region (in Value %)
- Disclaimer
- Contact Us
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
