Unsaturated Polyester Resins Industry: Global Market Size, Growth, Trends, Opportunities, Segments, Regional Analysis

Posted by Jack Martin on May 16th, 2024

Unsaturated polyester resins (UPRs) are a versatile class of thermosetting polymers widely used in various industries for their excellent combination of properties and ease of processing. They are formed by the polycondensation reaction of unsaturated dicarboxylic acids or anhydrides with diols, usually in the presence of a vinyl monomer such as styrene.

The global Unsaturated polyester Resin (UPRs) market size is estimated to be USD 9.6 billion in 2021 and is projected to reach USD 12.9 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. 

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Key characteristics of unsaturated polyester resins include:

1. Versatility: UPRs can be formulated to exhibit a wide range of mechanical, thermal, and chemical properties, making them suitable for diverse applications.
2. High Strength-to-Weight Ratio: UPRs offer good mechanical properties, including high strength and stiffness, particularly in reinforced composite materials.
3. Corrosion Resistance: They have inherent resistance to corrosion, making them suitable for use in marine, automotive, and construction applications.
4. Ease of Processing: UPRs can be easily processed via techniques such as molding, casting, and filament winding, allowing for complex shapes and efficient manufacturing.
5. Adhesion: They adhere well to a variety of substrates, facilitating bonding in composite structures and surface coatings.

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Applications of unsaturated polyester resins span across industries such as:

• Construction: Used in architectural panels, pipes, tanks, and structural components due to their durability and corrosion resistance.
• Automotive: Employed in body panels, interior components, and structural parts to reduce weight and enhance performance.
• Marine: Utilized in boat hulls, decks, and other marine structures for their lightweight, corrosion-resistant properties.
• Electrical: Used in electrical enclosures, insulators, and laminates due to their dielectric properties and flame resistance.

The Asia-Pacific (APAC) region stands as the largest market globally for unsaturated polyester resin (UPR). This dominance is attributed to several factors, including the region's robust industrial infrastructure, rapid urbanization, expanding construction and automotive sectors, and the presence of key manufacturing hubs. APAC's UPR market benefits from growing demand across diverse applications such as construction materials, automotive components, marine products, and electrical insulators. With increasing investments in infrastructure development and rising consumer demand for lightweight and durable materials, APAC continues to drive significant growth and innovation in the global UPR market.

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Key Market Players:

The unsaturated polyester resin (UPR) market features several key players who hold significant market share and influence. Some of the prominent players profiled in this market include:

1. AOC LLC
2. Ashland Global Holdings Inc.
3. BASF SE
4. Changzhou New Solar Co., Ltd.
5. CCP Composites
6. DSM
7. Eternal Materials Co., Ltd.
8. Reichhold LLC
9. Scott Bader Company Ltd.
10. Satyen Polymers Pvt. Ltd.
11. Others.