Unsaturated Polyester Resin Market 2030 Regional Outlook, Share, Type and Application, Trends

 

The global unsaturated polyester resin market size was valued at USD 12.2 billion in 2022 and is projected to reach USD 20.9 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030. Growth is supported by recent advancements in the construction sector and increased usage of tanks and pipes, which are fueling demand for isophthalic compounds, especially due to their superior performance in structural and industrial applications. Additionally, the rising preference for environmentally friendly and energy-efficient products is positively influencing market demand, as industries increasingly seek materials that align with sustainability targets. Unsaturated polyester resins are extensively adopted for glass fiber reinforced plastics (FRP), a material known for its high strength-to-weight ratio and versatility. Their strong physical and chemical characteristics including excellent tensile, impact, and bonding strength, along with notable corrosion and heat resistance make them suitable for a broad range of applications involving construction materials, housing components, and transportation equipment. Furthermore, ongoing research and development efforts focused on bio-based UPR are expected to accelerate market expansion, as these eco-friendly alternatives provide recyclability, enhanced mechanical properties, and improved thermal and corrosion performance even in thinner profiles. Continuous technological progress, innovations, and research aimed at expanding application possibilities are all designed to stimulate future demand.

The growth of the construction industry in the U.S. remains a major driver for the domestic unsaturated polyester resin (UPR) market. In recent years, the U.S. construction sector has experienced favorable momentum due to a combination of factors such as expanding infrastructure development, the introduction of new import tariffs, evolving trade regulations, a robust economic environment, increased investment in mega-projects, rising interest in smart cities, and growing numbers of households. Large-scale development activities, including major transportation initiatives like the TEXRail project in New York, are strengthening construction output and thereby enhancing the demand for unsaturated polyester resins across multiple structural and infrastructural applications in the country.

Investments in wind power projects are also rising steadily, supported by the significant advantages associated with wind energy, such as competitive cost structures compared to conventional non-renewable sources, favorable environmental benefits, strong reliability, and high operational efficiency. As wind turbines require high-strength, corrosion-resistant composite materials, this trend is expected to boost the consumption of unsaturated polyester resin in the wind energy sector throughout the forecast period.

Key Market Trends & Insights:

  • The Asia Pacific region dominated the global unsaturated polyester resin market, accounting for over 58.0% of total revenue in 2022. Regional growth is driven by the expansion of major end-use industries such as transportation, construction, electronics, and marine. Countries like China, Japan, and India possess strong automotive manufacturing bases, and with rising passenger vehicle sales, demand for advanced composite materials including UPR is expected to remain robust in the coming years.
  • Based on product type, the orthophthalic segment represented more than 35% of the market in 2022. This segment benefits from increased use of dicyclopentadiene (DCPD) in marine applications, particularly in pleasure boats, due to its ability to reduce resin shrinkage even without additional fiber reinforcement. This performance advantage is anticipated to support segment growth across marine and related industries.
  • In terms of form, the liquid resin segment held over 72.0% of the market share in 2022, driven by its extensive adoption in construction, electronics, and glass production industries. Liquid UPR is preferred for applications such as coatings, insulation materials, and specialty laminates, where ease of processing and consistent performance are essential.
  • Regarding end-use, the building and construction segment accounted for more than 25% of global demand in 2022. Rapid infrastructure development in emerging regions such as Brazil, Russia, India, China, South Africa (BRICS) and several Middle Eastern countries is bolstering global construction activity, which in turn continues to drive the consumption of unsaturated polyester resins for structural composites, coatings, and reinforced components.

Order a free sample PDF of the Unsaturated Polyester Resin Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

  • 2022 Market Size: USD 12.2 Billion
  • 2030 Projected Market Size: USD 20.9 Billion
  • CAGR (2023-2030): 7.1%
  • Asia Pacific: Largest market in 2022

Key Companies & Market Share Insights:

Market competition is shaped primarily by product quality, technological capabilities, and the ability to develop innovative resin formulations. Leading companies focus on continuous product improvements and sustainable solutions to strengthen their competitive positioning. Established global players such as BASF SE, DSM N.V., and DOW Inc. are investing heavily in R&D to create advanced and environmentally responsible resin systems that cater to evolving industry requirements and regulatory expectations.

A notable industry development occurred in December 2020, when AOC acquired the unsaturated polyester resin (UPR) production facility at Spolchemie in St nad Labem, Czech Republic. This strategic acquisition has enabled AOC to enhance its service quality, improve logistical efficiency, and strengthen its presence in Central and Eastern Europe, as well as in Germany, thereby expanding its customer reach and operational capabilities.

Key Players

Some of the prominent players in the global unsaturated polyester resin market include:

  • AOC, LLC
  • INEOS
  • BASF SE
  • Polynt
  • LERG SA
  • Koninklijke DSM N.V.
  • U-PICA Company. Ltd.
  • Eternal Materials Co., Ltd.
  • Satyen Polymers Pvt. Ltd.
  • CIECH Group
  • Dow Inc.
  • UPC Group
  • Scott Bader Company Ltd.
  • Deltech Corporation
  • Tianhe Resin Co., Ltd.
  • Qualipoly Chemical Corp.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The global unsaturated polyester resin market is poised for steady growth, driven by expanding construction activities, rising demand for high-performance composites, and increasing adoption in sectors such as marine, automotive, and energy. Advancements in resin technology, particularly the development of bio-based and more sustainable formulations, are expected to further strengthen market opportunities. Regional growth, especially in Asia Pacific, will continue to support overall demand due to its strong manufacturing base and infrastructure development. In addition, major companies are focusing on innovation, capacity expansion, and strategic acquisitions to enhance their competitive edge. Collectively, these factors position the market for robust and sustained expansion through 2030.

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