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    Unsaturated Polyester Resin Market

    ID: MRFR/CnM/22200-HCR
    100 Pages
    Chitranshi Jaiswal
    October 2025

    Unsaturated Polyester Resin Market Research Report By Form (Liquid, Solid), By Curring Type (Room Temperature Curing, Heat Curing, UV Curing), By Degree of Unsaturation (High, Medium, Low), By Application (Fiberglass Reinforced Plastics, Transportation, Marine, Building and Construction, Tanks and Pipes, Other Applications) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Unsaturated Polyester Resin Market Infographic
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    Unsaturated Polyester Resin Market Summary

    As per MRFR analysis, the Unsaturated Polyester Resin Market Size was estimated at 14.79 USD Billion in 2024. The Unsaturated Polyester Resin industry is projected to grow from 15.21 USD Billion in 2025 to 20.13 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.84 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Unsaturated Polyester Resin Market is poised for growth driven by sustainability and technological advancements.

    • North America remains the largest market for unsaturated polyester resins, driven by robust demand in construction and automotive sectors.
    • Asia-Pacific is the fastest-growing region, reflecting increasing investments in infrastructure and automotive manufacturing.
    • Liquid resins dominate the market, while solid resins are emerging as the fastest-growing segment due to their enhanced performance characteristics.
    • Key market drivers include rising demand in the construction sector and the expanding automotive industry, which are fueling the need for innovative resin solutions.

    Market Size & Forecast

    2024 Market Size 14.79 (USD Billion)
    2035 Market Size 20.13 (USD Billion)
    CAGR (2025 - 2035) 2.84%

    Major Players

    Ashland Global Holdings Inc (US), BASF SE (DE), Hexion Inc (US), Reichhold LLC (US), Polynt Group (IT), AOC Resins (US), Mitsubishi Chemical Corporation (JP), SABIC (SA), DIC Corporation (JP)

    Unsaturated Polyester Resin Market Trends

    The Unsaturated Polyester Resin Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and technological advancements. The demand for these resins is driven by their versatility and applicability across various industries, including automotive, construction, and marine. As manufacturers seek to enhance product performance and sustainability, innovations in formulation and production processes are becoming increasingly prevalent. This shift towards eco-friendly solutions appears to be influencing market dynamics, as stakeholders prioritize materials that align with environmental standards. Moreover, the competitive landscape of the Unsaturated Polyester Resin Market is marked by strategic collaborations and mergers among key players. These partnerships are likely aimed at expanding product portfolios and enhancing market reach. Additionally, the growing emphasis on lightweight materials in automotive applications suggests a potential increase in the adoption of unsaturated polyester resins. As the market continues to evolve, it seems poised for growth, driven by both technological advancements and changing consumer demands.

    Sustainability Initiatives

    The Unsaturated Polyester Resin Market is witnessing a notable trend towards sustainability. Manufacturers are increasingly focusing on developing eco-friendly resins that minimize environmental impact. This shift is driven by regulatory pressures and consumer demand for greener products, leading to innovations in bio-based and recycled materials.

    Technological Advancements

    Technological progress in production techniques is reshaping the Unsaturated Polyester Resin Market. Enhanced manufacturing processes are improving efficiency and product quality. Innovations such as advanced curing methods and the integration of smart technologies are likely to provide competitive advantages to manufacturers.

    Growing Automotive Applications

    The automotive sector is emerging as a significant driver for the Unsaturated Polyester Resin Market. The demand for lightweight and durable materials is increasing as manufacturers seek to improve fuel efficiency and performance. This trend suggests a robust future for unsaturated polyester resins in automotive applications.

    The global unsaturated polyester resin market is poised for growth, driven by increasing demand in various end-use industries such as automotive and construction, which suggests a robust trajectory for future developments.

    U.S. Department of Commerce

    Unsaturated Polyester Resin Market Drivers

    Expanding Automotive Industry

    The automotive sector is a pivotal driver for the Unsaturated Polyester Resin Market, as manufacturers increasingly adopt these resins for various applications. Unsaturated polyester resins are utilized in the production of lightweight components, which contribute to improved fuel efficiency and reduced emissions. In 2025, the automotive industry is expected to witness a compound annual growth rate of around 4%, further propelling the demand for unsaturated polyester resins. The shift towards electric vehicles and advanced composite materials is likely to enhance the market's growth trajectory, as automotive manufacturers prioritize sustainability and performance. This evolving landscape presents a significant opportunity for stakeholders within the unsaturated polyester resin market.

    Increasing Demand for Composites

    The rising demand for composite materials is a significant factor driving the Unsaturated Polyester Resin Market. Composites, which combine unsaturated polyester resins with reinforcing fibers, are increasingly utilized in sectors such as aerospace, marine, and sports equipment. The lightweight and high-strength properties of these composites make them ideal for applications where performance is paramount. In 2025, the composite materials market is projected to grow at a rate of approximately 6%, which will likely enhance the demand for unsaturated polyester resins. This trend indicates a shift towards more efficient materials that can meet the rigorous demands of modern applications, thereby presenting opportunities for growth within the unsaturated polyester resin market.

    Rising Demand in Construction Sector

    The Unsaturated Polyester Resin Market is experiencing a notable surge in demand driven by the construction sector. As urbanization accelerates, the need for durable and lightweight materials in construction applications becomes increasingly critical. Unsaturated polyester resins are favored for their excellent mechanical properties and resistance to environmental factors, making them ideal for use in composites, coatings, and adhesives. In 2025, the construction industry is projected to account for a significant share of the unsaturated polyester resin consumption, with estimates suggesting a growth rate of approximately 5% annually. This trend indicates a robust market potential, as builders and architects seek innovative materials that enhance structural integrity while reducing overall weight.

    Sustainability and Eco-Friendly Practices

    Sustainability initiatives are becoming increasingly relevant within the Unsaturated Polyester Resin Market. As industries strive to reduce their environmental footprint, the demand for eco-friendly resins is on the rise. Manufacturers are exploring bio-based unsaturated polyester resins that utilize renewable resources, thereby minimizing reliance on fossil fuels. In 2025, it is expected that the market for sustainable resins will expand, driven by regulatory pressures and consumer preferences for greener products. This shift towards sustainability not only aligns with The Unsaturated Polyester Resin. Companies that prioritize eco-friendly practices are likely to gain a competitive edge in this evolving landscape.

    Technological Innovations in Resin Production

    Technological advancements in the production of unsaturated polyester resins are significantly influencing the Unsaturated Polyester Resin Market. Innovations such as the development of bio-based resins and improved curing processes are enhancing the performance characteristics of these materials. In 2025, it is anticipated that the introduction of new formulations will lead to resins with superior thermal stability and chemical resistance, thereby expanding their application range. Furthermore, advancements in manufacturing techniques are likely to reduce production costs, making unsaturated polyester resins more accessible to various industries. This continuous evolution in technology is expected to bolster market growth, as manufacturers seek to leverage these innovations for competitive advantage.

    Market Segment Insights

    By Form: Liquid (Largest) vs. Solid (Fastest-Growing)

    The Unsaturated Polyester Resin Market's 'Form' segment is primarily dominated by the liquid category, which holds a significant share due to its broad applications in industries such as construction, automotive, and marine. Liquid unsaturated polyester resins are preferred for their ease of use and versatility, leading to their widespread adoption in various manufacturing processes. In contrast, solid unsaturated polyester resins are experiencing a rapid growth trend, particularly in niche applications such as electronic components and specialized coatings. This growth is indicative of changing consumer preferences and new technological advancements.

    Form: Liquid (Dominant) vs. Solid (Emerging)

    Liquid unsaturated polyester resins are characterized by their fluid nature, making them ideal for applications that require comprehensive coverage, such as coatings and adhesive formulations. Their dominance in the market stems from their high performance, ease of processing, and ability to cure at room temperature. Conversely, solid unsaturated polyester resins are emerging due to their robustness and specialized performance attributes, particularly in areas where structural integrity and thermal stability are critical. As industries continue to innovate, solid resins are likely to find increased utility in high-performance applications, signaling a shift in market dynamics.

    By Curing Type: Room Temperature Curing (Largest) vs. UV Curing (Fastest-Growing)

    The Unsaturated Polyester Resin Market is poised to witness a varied distribution among its major curing types, with Room Temperature Curing leading in market share. This method dominates due to its widespread application across several industries, including construction and automotive, capitalizing on its ease of use and lower energy consumption. In contrast, UV Curing, while currently smaller in size, is rapidly gaining traction due to advancements in technology and a growing preference for energy-efficient solutions. Growth trends indicate an increasing adoption of UV Curing, attributed to the rising demand for quick curing processes that enhance production efficiency. The eco-friendliness of UV Curing processes is also a significant driver as industries strive for sustainability. Meanwhile, Room Temperature Curing is maintaining steady growth by innovating formulations that enhance curing speed, further solidifying its large market position.

    Room Temperature Curing (Dominant) vs. UV Curing (Emerging)

    Room Temperature Curing remains the dominant technology in the Unsaturated Polyester Resin Market, characterized by its effectiveness and versatility across various applications. This method is particularly favored for its simplicity and the reduced need for specialized equipment, making it accessible for small-scale manufacturers. Typically utilized in applications where heat application is impractical, it provides sufficient curing rates while minimizing energy costs. On the other hand, UV Curing is emerging as a formidable contender in the market, driven by technological advancements that allow for near-instant curing times. Its ability to produce high-quality finishes and enhance production efficiency positions it as a preferred choice in sectors requiring rapid processing speeds. The eco-friendly nature of UV Curing also resonates with companies focusing on reducing their environmental impact, setting the stage for its continued growth.

    By Degree of Unsaturation: High (Largest) vs. Low (Fastest-Growing)

    In the Unsaturated Polyester Resin Market, the degree of unsaturation plays a critical role in determining the properties and applications of the resins. The 'High' degree of unsaturation segment commands a substantial share in market distribution, as these resins are preferred for their enhanced mechanical properties and durability. Conversely, the 'Low' degree of unsaturation segment, while smaller in share, exhibits significant potential due to its increasing use in specific applications that require lower reactivity and improved stability.

    Degree of Unsaturation: High (Dominant) vs. Low (Emerging)

    The 'High' degree of unsaturation in unsaturated polyester resins is characterized by its superior mechanical strength and resistance to heat, making it the dominant choice in applications such as automotive and marine industries. These resins offer excellent performance in demanding environments. On the other hand, the 'Low' degree of unsaturation segment is emerging rapidly, appealing to manufacturers focused on cost-efficiency and lower emissions. As sustainability trends grow, these low-unsaturation resins are becoming increasingly popular in the construction and consumer goods sectors, reflecting a shift towards environmentally friendly solutions.

    By Application: Fiberglass Reinforced Plastics (Largest) vs. Marine (Fastest-Growing)

    The application segment of the Unsaturated Polyester Resin Market showcases a diverse range of industries, with Fiberglass Reinforced Plastics commanding the largest share. Other notable segments include Transportation, Building and Construction, and Tanks and Pipes, each playing a significant role in the market's overall dynamics. The differentiation in market share reflects the varying demand across these industries, where certain applications are preferred for their specific advantages in performance and reliability. The growth trends within the unsaturated polyester resin market are driven largely by advancements in manufacturing processes and the increasing adoption of lightweight materials across the Transportation and Marine sectors. Enhanced mechanical properties and resistance to environmental factors have prompted industries to seek materials like unsaturated polyester resin for applications ranging from boats to construction. This has further positioned certain segments like Marine as the fastest-growing area in the market, fueled by rising demand for resilient materials that can withstand harsh conditions.

    Fiberglass Reinforced Plastics (Dominant) vs. Tanks and Pipes (Emerging)

    Fiberglass Reinforced Plastics stands as the dominant segment in the Unsaturated Polyester Resin Market, renowned for its exceptional strength-to-weight ratio, durability, and versatility. This segment is extensively utilized in applications requiring high performance, such as automotive and industrial parts, signaling its importance in various sectors. Conversely, Tanks and Pipes represent an emerging segment exhibiting notable growth due to the increasing need for corrosion-resistant and strong materials for fluid storage and transportation. The shift toward sustainable solutions and the requirement for long-lasting infrastructure are pivotal in driving the adoption of unsaturated polyester resin in this field, making it a promising area for future market expansion.

    Get more detailed insights about Unsaturated Polyester Resin Market

    Regional Insights

    North America : Innovation and Demand Surge

    The North American unsaturated polyester resin market is driven by increasing demand from the automotive and construction sectors, with a market share of approximately 40%. Regulatory support for sustainable materials and innovations in resin formulations are key growth catalysts. The region's focus on eco-friendly solutions is further enhancing market dynamics, leading to a robust growth trajectory. The United States dominates the market, accounting for the largest share, followed by Canada. Key players such as Ashland Global Holdings Inc and Hexion Inc are pivotal in driving innovation and competition. The presence of established manufacturers and a growing emphasis on advanced materials are shaping the competitive landscape, ensuring a vibrant market environment.

    Europe : Sustainability and Innovation Focus

    Europe is witnessing a significant shift towards sustainable materials, with the unsaturated polyester resin market projected to grow steadily, holding a market share of around 30%. Regulatory frameworks promoting eco-friendly practices and innovations in resin technology are key drivers. The European Union's Green Deal is catalyzing investments in sustainable production methods, enhancing market growth prospects. Germany and France are leading the market, supported by strong manufacturing capabilities and a focus on research and development. Major players like BASF SE and Polynt Group are at the forefront of this transition, leveraging their expertise to meet evolving consumer demands. The competitive landscape is characterized by collaborations and partnerships aimed at enhancing product offerings and sustainability initiatives.

    Asia-Pacific : Emerging Markets and Growth Potential

    The Asia-Pacific region is emerging as a powerhouse in the unsaturated polyester resin market, with a market share of approximately 25%. Rapid industrialization, urbanization, and increasing demand from the automotive and construction sectors are driving growth. Regulatory initiatives aimed at enhancing manufacturing standards are also contributing to market expansion, making it a key area for investment and development. China and Japan are the leading countries in this region, with significant contributions from local manufacturers and multinational corporations. Companies like Mitsubishi Chemical Corporation and DIC Corporation are enhancing their market presence through strategic partnerships and innovations. The competitive landscape is dynamic, with a focus on meeting the growing demand for high-performance resins in various applications.

    Middle East and Africa : Resource-Rich and Growing Demand

    The Middle East and Africa region is witnessing a gradual increase in the unsaturated polyester resin market, holding a market share of around 5%. The growth is driven by rising construction activities and a focus on infrastructure development. Regulatory frameworks are evolving to support the chemical industry, fostering a conducive environment for market expansion and investment opportunities. Countries like South Africa and Saudi Arabia are leading the market, supported by government initiatives aimed at boosting local manufacturing. Key players such as SABIC are actively involved in enhancing production capabilities and expanding their market reach. The competitive landscape is characterized by a mix of local and international players, focusing on innovation and sustainability to meet regional demands.

    Key Players and Competitive Insights

    The Unsaturated Polyester Resin Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various end-use industries such as automotive, construction, and marine. Key players are actively engaging in strategies that emphasize innovation, sustainability, and regional expansion to enhance their market presence. Companies like BASF SE (Germany) and Ashland Global Holdings Inc (US) are focusing on developing eco-friendly resin formulations, which not only cater to regulatory requirements but also align with the growing consumer preference for sustainable products. This collective emphasis on innovation and sustainability is reshaping the competitive environment, pushing other players to adapt or risk obsolescence.

    In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The Unsaturated Polyester Resin Market appears moderately fragmented, with several key players holding substantial market shares. This fragmentation allows for a diverse range of products and innovations, yet it also intensifies competition as companies strive to differentiate themselves through unique offerings and enhanced customer service.

    In August 2025, Hexion Inc (US) announced the launch of a new line of low-VOC unsaturated polyester resins aimed at the automotive sector. This strategic move is significant as it not only addresses environmental concerns but also positions Hexion as a leader in providing sustainable solutions tailored to the automotive industry's evolving needs. The introduction of these products is likely to enhance Hexion's competitive edge and market share in a sector increasingly focused on sustainability.

    Similarly, in September 2025, Polynt Group (Italy) expanded its production capacity in North America by investing in a new facility dedicated to unsaturated polyester resins. This expansion is indicative of Polynt's commitment to meeting the growing demand in the region, particularly in the construction and marine sectors. By increasing its production capabilities, Polynt is poised to strengthen its market position and respond more effectively to customer needs, thereby enhancing its competitive stance.

    Moreover, in July 2025, SABIC (Saudi Arabia) entered into a strategic partnership with a leading automotive manufacturer to develop advanced composite materials utilizing unsaturated polyester resins. This collaboration underscores the importance of strategic alliances in fostering innovation and expanding market reach. By leveraging each other's strengths, SABIC and its partner are likely to accelerate the development of cutting-edge materials that meet the stringent requirements of the automotive industry.

    As of October 2025, the competitive trends in the Unsaturated Polyester Resin Market are increasingly influenced by digitalization, sustainability, and the integration of advanced technologies such as AI. Companies are recognizing the need for strategic alliances to enhance their innovation capabilities and market responsiveness. The shift from price-based competition to a focus on technological advancement and supply chain reliability is becoming evident. Moving forward, competitive differentiation will likely hinge on the ability to innovate and deliver sustainable solutions that meet the evolving demands of consumers and regulatory frameworks.

    Key Companies in the Unsaturated Polyester Resin Market market include

    Industry Developments

    The Unsaturated Polyester Resin Market is projected to reach USD 18.0 billion by 2032, exhibiting a CAGR of 2.84% during the forecast period. The market is driven by the increasing demand for composite materials in various end-use industries such as automotive, construction, and marine. The rising adoption of lightweight and durable materials in the automotive industry is a key factor contributing to the market growth.Recent developments in the market include the introduction of bio-based and sustainable unsaturated polyester resins. For instance, in 2023, Ashland launched a new range of bio-based unsaturated polyester resins made from renewable resources.

    These resins offer improved sustainability and reduced environmental impact, meeting the growing demand for eco-friendly materials.

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    Future Outlook

    Unsaturated Polyester Resin Market Future Outlook

    The Unsaturated Polyester Resin Market is projected to grow at a 2.84% CAGR from 2024 to 2035, driven by increasing demand in automotive, construction, and marine applications.

    New opportunities lie in:

    • Development of bio-based unsaturated polyester resins for eco-friendly applications.
    • Expansion into emerging markets with tailored product offerings.
    • Investment in advanced manufacturing technologies to enhance production efficiency.

    By 2035, the market is expected to achieve robust growth, driven by innovation and strategic expansion.

    Market Segmentation

    Unsaturated Polyester Resin Market Form Outlook

    • Liquid
    • Solid

    Unsaturated Polyester Resin Market Application Outlook

    • Fiberglass Reinforced Plastics
    • Transportation
    • Marine
    • Building and Construction
    • Tanks and Pipes
    • Other Applications

    Unsaturated Polyester Resin Market Curing Type Outlook

    • Room Temperature Curing
    • Heat Curing
    • UV Curing

    Unsaturated Polyester Resin Market Degree of Unsaturation Outlook

    • High
    • Medium
    • Low

    Report Scope

    MARKET SIZE 202414.79(USD Billion)
    MARKET SIZE 202515.21(USD Billion)
    MARKET SIZE 203520.13(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)2.84% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for lightweight materials in automotive and construction sectors drives Unsaturated Polyester Resin Market expansion.
    Key Market DynamicsRising demand for lightweight materials drives innovation and competition in the Unsaturated Polyester Resin market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

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    FAQs

    What is the projected market valuation of the Unsaturated Polyester Resin Market by 2035?

    The projected market valuation for the Unsaturated Polyester Resin Market is 20.13 USD Billion by 2035.

    What was the market valuation of the Unsaturated Polyester Resin Market in 2024?

    The overall market valuation of the Unsaturated Polyester Resin Market was 14.79 USD Billion in 2024.

    What is the expected CAGR for the Unsaturated Polyester Resin Market during the forecast period 2025 - 2035?

    The expected CAGR for the Unsaturated Polyester Resin Market during the forecast period 2025 - 2035 is 2.84%.

    Which companies are considered key players in the Unsaturated Polyester Resin Market?

    Key players in the Unsaturated Polyester Resin Market include Ashland Global Holdings Inc, BASF SE, Hexion Inc, and others.

    What are the projected valuations for Liquid and Solid forms of Unsaturated Polyester Resin by 2035?

    The projected valuation for Liquid form is expected to reach 10.5 USD Billion, while Solid form may reach 9.63 USD Billion by 2035.

    How does the market for Room Temperature Curing compare to Heat Curing and UV Curing by 2035?

    By 2035, the market for Room Temperature Curing is projected to be 8.0 USD Billion, surpassing Heat Curing at 5.8 USD Billion and UV Curing at 6.33 USD Billion.

    What is the expected market size for Fiberglass Reinforced Plastics applications by 2035?

    The expected market size for Fiberglass Reinforced Plastics applications is projected to reach 6.5 USD Billion by 2035.

    What are the projected valuations for the Degree of Unsaturation segments by 2035?

    By 2035, the projected valuations for the Degree of Unsaturation segments are 6.5 USD Billion for High, 8.0 USD Billion for Medium, and 5.63 USD Billion for Low.

    What applications are expected to drive growth in the Unsaturated Polyester Resin Market?

    Applications such as Transportation, Marine, and Building and Construction are expected to drive growth, with projected valuations of 4.0 USD Billion, 2.5 USD Billion, and 3.0 USD Billion respectively by 2035.

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