Global Unsaturated Polyester Resin (UPR) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Ortho-Resins, Isoresins, Dicyclopentadiene (DCPD) and Others.By End-User Industry;
Building and Construction, Chemical, Electrical & Electronics, Paints & Coatings, Transportation and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Unsaturated Polyester Resin (UPR) Market (USD Million), 2021 - 2031
In the year 2024, the Global Unsaturated Polyester Resin (UPR) Market was valued at USD 12,081.15 million. The size of this market is expected to increase to USD 18,045.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.
The global market for unsaturated polyester resin (UPR) is integral to numerous industries, owing to its versatility and wide-ranging applications. UPR, a thermosetting polymer, is prized for its exceptional properties such as corrosion resistance, mechanical strength, and ease of molding. These qualities make it a preferred choice across industries including construction, automotive, marine, and electrical. In construction, UPR is used in the manufacture of composites for building materials, pipes, and tanks due to its durability and cost-effectiveness. Similarly, in the automotive sector, UPR finds application in parts manufacturing for its lightweight properties and ability to enhance fuel efficiency.
The marine industry extensively relies on UPR for its resistance to water and chemicals, making it suitable for boat hulls and components exposed to harsh marine environments. Moreover, the electrical industry utilizes UPR in insulating materials for its excellent dielectric properties and thermal stability. These diverse applications underscore the critical role of UPR in modern industrial processes and highlight its significance in advancing technological capabilities and enhancing product performance across sectors.
The market for UPR is robust in regions such as North America, Europe, and Asia Pacific, driven by their established industrial bases and significant investments in infrastructure and manufacturing. North America and Europe lead in technological innovation and product development, catering to a high demand for advanced materials in construction, automotive, and other key sectors. Meanwhile, Asia Pacific is witnessing rapid growth fueled by industrial expansion, urbanization, and increasing investments in infrastructure projects, presenting ample opportunities for market expansion and development of new applications for UPR.
Global Unsaturated Polyester Resin (UPR) Market Recent Developments
- In December 2020, the unsaturated polyester resin (UPR) production facility at Spolchemie in St nad Labem, Czech Republic, was acquired by AOC. As a result of the expansion, AOC has been able to improve service and logistics for its customers in Central/Eastern Europe and Germany.
- The increasing demand for unsaturated polyester resin (UPR) in printed circuit boards, due to their preferable properties such as durability and unparalleled rigidity, is expected to have a positive impact on the unsaturated polyester resin (UPR) market in the near future.
Segment Analysis
The global market for unsaturated polyester resin (UPR) is segmented by type, including ortho-resins, isoresins, dicyclopentadiene (DCPD), and other variants. Ortho-resins are widely utilized due to their cost-effectiveness and versatility in applications such as construction materials, automotive parts, and consumer goods. Isoresins, known for their higher mechanical strength and chemical resistance, find substantial use in demanding applications like marine and corrosion-resistant coatings. Dicyclopentadiene (DCPD) resins are preferred for their exceptional toughness and impact resistance, making them suitable for automotive components and infrastructure.
In terms of end-user industries, the UPR market caters to diverse sectors including building and construction, chemical processing, electrical and electronics, paints and coatings, transportation, and others. The building and construction sector represents a significant consumer base for UPR, where it is used in composite materials for infrastructure development, piping systems, and architectural applications. The chemical industry utilizes UPR in corrosion-resistant tanks and vessels, while the electrical and electronics sector employs it in insulating materials and circuit boards. Additionally, UPR plays a crucial role in automotive parts and coatings, enhancing vehicle durability and performance.
The UPR market spans major regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe lead in technological advancements and stringent quality standards, driving significant demand for high-performance UPR in automotive, construction, and industrial applications. In Asia Pacific, rapid urbanization, infrastructure development, and expanding manufacturing capabilities propel the market growth, particularly in countries like China, India, and Japan. The Middle East and Africa, along with Latin America, are emerging markets where increasing industrialization and infrastructure investments offer promising opportunities for UPR applications across various sectors.
The forecast period from 2020 to 2030 anticipates continued growth in the global UPR market, driven by innovation in materials technology, expansion into new application areas, and strategic investments in sustainable and bio-based resin formulations. As industries seek lightweight, durable, and cost-effective solutions, UPR remains pivotal in meeting these demands while supporting advancements in construction, automotive, renewable energy, and other sectors worldwide.
Global Unsaturated Polyester Resin (UPR) Segment Analysis
In this report, the Global Unsaturated Polyester Resin (UPR) Market has been segmented by Type, End-User Industry and Geography.
Global Unsaturated Polyester Resin (UPR) Market, Segmentation by Type
The Global Unsaturated Polyester Resin (UPR) Market has been segmented by Type into Ortho-Resins, Isoresins, Dicyclopentadiene (DCPD) and Others.
Isoresins represent another significant segment of the UPR market, known for their superior mechanical and thermal properties compared to ortho-resins. They are often chosen for applications requiring enhanced durability and performance, such as in the manufacturing of high-strength composites and specialty products where stringent performance standards must be met.
Dicyclopentadiene (DCPD) resins constitute a specialized category within the UPR market, valued for their excellent impact resistance and heat tolerance. DCPD resins are particularly favored in demanding applications such as automotive parts, electrical components, and infrastructure materials where durability under harsh conditions is critical.
Other types of UPR encompass a range of specialized formulations tailored to specific industrial requirements. These formulations may include modified resins with additives for improved flexibility, fire resistance, or adhesion properties, catering to niche applications across various sectors.
The global UPR market is robust in regions such as North America, Europe, Asia Pacific, and Latin America, each contributing significantly to the demand for different types of UPR based on regional industrial priorities, regulatory landscapes, and technological advancements. As industries continue to evolve and demand for high-performance materials grows, the segmentation of UPR types plays a crucial role in meeting diverse market needs and driving innovation in composite materials across global markets.
Global Unsaturated Polyester Resin (UPR) Market, Segmentation by End-User Industry
The Global Unsaturated Polyester Resin (UPR) Market has been segmented by End-User Industry into Building and Construction, Chemical, Electrical & Electronics, Paints & Coatings, Transportation and Others.
In the chemical industry, UPR finds utility in corrosion-resistant equipment and storage tanks due to its robust chemical resistance properties. This sector relies on UPR for its ability to withstand harsh chemical environments and maintain structural integrity, thereby ensuring safe and efficient operations in chemical processing facilities.
The electrical and electronics industry utilizes UPR in insulating materials and electronic components, benefiting from its excellent dielectric properties and thermal stability. These attributes make UPR crucial in the production of electrical enclosures, circuit boards, and other electronic devices where reliability and performance under varying conditions are essential.
In paints and coatings, UPR serves as a binder in formulations for decorative and protective coatings, providing adhesion, flexibility, and weather resistance. Its versatility in formulating coatings for automotive, marine, and industrial applications contributes to its widespread use across the paints and coatings sector.
The transportation industry also represents a significant market for UPR, where it is used in the manufacturing of lightweight components such as automotive parts, panels, and body parts. Its ability to enhance fuel efficiency and reduce vehicle weight supports the industry's drive towards sustainability and improved performance in automobiles, buses, trains, and marine vessels.
Beyond these key industries, UPR finds applications in various other sectors, including aerospace, sports and leisure, and renewable energy. As technological advancements and environmental concerns drive demand for high-performance and sustainable materials, the UPR market continues to evolve, offering new opportunities for innovation and growth across multiple end-user industries globally.
Global Unsaturated Polyester Resin (UPR) Market, Segmentation by Geography
In this report, the Global Unsaturated Polyester Resin (UPR) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Unsaturated Polyester Resin (UPR) Market Share (%), by Geographical Region, 2024
The global market share of Unsaturated Polyester Resin (UPR) varies significantly across different geographical regions. In North America, UPR holds a substantial market share, driven by its extensive applications in industries such as construction, automotive, and marine. The region benefits from robust infrastructure development and a strong manufacturing base, supporting the demand for UPR products.
Europe also commands a significant share of the global UPR market. The region's advanced automotive sector and emphasis on sustainable construction materials bolster the consumption of UPR. Additionally, stringent environmental regulations promote the use of UPR in eco-friendly applications, further enhancing its market presence.
Asia-Pacific emerges as a key growth area for UPR, accounting for a notable portion of the global market share. Rapid industrialization, urbanization, and infrastructure investments in countries like China, India, and Southeast Asia fuel demand for UPR in various sectors. The region's expanding middle class drives consumption in automotive and consumer goods, augmenting the market share of UPR.
In contrast, regions like Latin America and the Middle East & Africa exhibit a smaller but growing market share for UPR. These regions benefit from increasing industrial activities and infrastructure projects, gradually expanding their adoption of UPR in construction and transportation sectors. Overall, the global distribution of UPR market share reflects varying regional economic dynamics, industrial growth rates, and regulatory environments influencing its consumption patterns.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Unsaturated Polyester Resin (UPR) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing Demand in Construction and Infrastructure
- Expansion in Automotive and Transportation Sectors
-
Advancements in Composite Materials Technology: Advancements in composite materials technology represent a pivotal driver for innovation across various industries. These advancements involve continual improvements in the formulation, manufacturing processes, and performance characteristics of composite materials, including unsaturated polyester resin (UPR) composites. Engineers and researchers are focusing on enhancing the strength-to-weight ratio, durability, and structural integrity of composites through novel reinforcement techniques and the integration of advanced fibers such as carbon fiber and glass fiber. These efforts aim to meet the increasing demand for lightweight and high-performance materials in applications ranging from aerospace to automotive industries.
Advancements in composite materials technology are also leading to the development of tailored UPR formulations that offer specific properties such as enhanced corrosion resistance, fire retardancy, and thermal stability. These customized formulations cater to diverse industrial requirements, including construction, marine, and electrical sectors, where performance under challenging environmental conditions is crucial. Additionally, innovations in composite manufacturing processes, such as automated production techniques and 3D printing, are streamlining production timelines and reducing costs, thereby expanding the potential applications of UPR composites.
The continuous evolution of composite materials technology underscores its role as a key enabler of innovation and efficiency across global industries. As research and development efforts continue to push the boundaries of material science, the adoption of advanced UPR composites is poised to grow, driving new opportunities for lightweight, durable, and sustainable solutions in a wide range of applications.
Restraints
- Volatile Raw Material Prices
- Environmental and Regulatory Constraints
-
Competition from Alternative Materials: Competition from alternative materials poses a significant challenge for the global unsaturated polyester resin (UPR) market. As industries seek materials that offer improved performance, sustainability, and cost-effectiveness, alternatives such as epoxy resins, vinyl ester resins, and thermoplastics have emerged as viable substitutes to UPR. Epoxy resins, known for their superior mechanical properties and adhesion strength, are increasingly favored in applications requiring high durability and chemical resistance, such as in aerospace and automotive industries. Vinyl ester resins, on the other hand, offer enhanced corrosion resistance and toughness, making them preferred for marine and chemical processing applications.
Thermoplastics like polyethylene terephthalate (PET) and polypropylene (PP) provide flexibility, recyclability, and lower processing costs compared to UPR, driving their adoption in various sectors. These alternative materials continue to evolve with advancements in material science and manufacturing technologies, posing competitive pressure on UPR manufacturers to innovate and differentiate their products to maintain market share.
To mitigate the impact of competition from alternative materials, UPR manufacturers are focusing on developing bio-based resins, enhancing formulation technologies, and expanding into niche markets where UPR's specific properties—such as cost-effectiveness, moldability, and chemical resistance—provide distinct advantages. Additionally, strategic partnerships, collaborations, and investments in research and development are crucial for exploring new applications and improving the performance characteristics of UPR, thereby sustaining its relevance in a competitive materials landscape.
Oppotunities
- Emerging Markets in Asia Pacific and Latin America
- Development of Bio-based and Sustainable Resins
-
Innovations in Additives and Formulations: Innovations in additives and formulations represent a pivotal area of advancement within the global unsaturated polyester resin (UPR) market. These innovations focus on enhancing the performance, versatility, and sustainability of UPR products across various applications. Additives play a crucial role in modifying the properties of UPR, such as improving UV resistance, flame retardancy, and mechanical strength. Formulations are continually evolving to meet specific industry requirements, such as lightweight composites in automotive and aerospace sectors or durable, corrosion-resistant materials in construction and marine applications.
Advancements in additives and formulations are driving the development of bio-based and environmentally friendly UPR solutions. Manufacturers are increasingly integrating renewable raw materials and bio-derived additives to reduce carbon footprints and enhance product sustainability. These innovations not only cater to growing consumer preferences for eco-friendly products but also align with stringent regulatory frameworks aimed at reducing environmental impact across industries.
The ongoing research and development in additives and formulations are fostering new opportunities for UPR in emerging markets, particularly in Asia Pacific and Latin America. As these regions experience rapid industrialization and infrastructure development, there is a rising demand for high-performance materials that offer durability, cost-effectiveness, and compliance with environmental standards. Innovations in UPR additives and formulations are thus poised to play a pivotal role in shaping the future growth and competitiveness of the global UPR market.
Competitive Landscape Analysis
Key players in Global Unsaturated Polyester Resin (UPR) Market include.
- AOC Resins
- Ashland
- BASF SE
- Crystic Resins India Pvt. Ltd.
- Deltech
- DSM
- IDI Composites International
- INEOS
- Interplastic
- Polynt
- Reichhold
- Showa Denko
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By End-User Industry
- Market Snapshot, By Region
- Global Unsaturated Polyester Resin (UPR) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand in Construction and Infrastructure
- Expansion in Automotive and Transportation Sectors
- Advancements in Composite Materials Technology
- Restraints
- Volatile Raw Material Prices
- Environmental and Regulatory Constraints
- Competition from Alternative Materials
- Oppotunities
- Emerging Markets in Asia Pacific and Latin America
- Development of Bio-based and Sustainable Resins
- Innovations in Additives and Formulations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Unsaturated Polyester Resin (UPR) Market, By Type, 2021 - 2031 (USD Million)
- Ortho-Resins
- Isoresins
- Dicyclopentadiene (DCPD)
- Others
- Global Unsaturated Polyester Resin (UPR) Market, By End-User Industry, 2021 - 2031 (USD Million)
- Building and Construction
- Chemical
- Electrical & Electronics
- Paints & Coatings
- Transportation
- Others
- Global Unsaturated Polyester Resin (UPR) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Unsaturated Polyester Resin (UPR) Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AOC Resins
- Ashland
- BASF SE
- Crystic Resins India Pvt. Ltd
- Deltech
- DSM
- IDI Composites International
- INEOS
- Interplastic
- Polynt
- Reichhold
- Showa Denko
- Company Profiles
- Analyst Views
- Future Outlook of the Market