"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Unsaturated Polyester Resin Market Size, Share & COVID-19 Impact Analysis, By Type (Orthophthalic, Isophthalic, and DCPD), By Application (Building & Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027

Last Updated: July 08, 2024 | Format: PDF | Report ID: FBI104760



Play Audio Listen to Audio Version

The global unsaturated polyester resin market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027, exhibiting a CAGR of 5.9% during the forecast period. Asia Pacific dominated the unsaturated polyester resin market with a market share of 57.05% in 2019.

Unsaturated polyester resin is a linear polymer compound with an unsaturated double bond and ester bond. It is formed by the condensation polymerization of saturated dihydric acid dihydric alcohol or unsaturated dihydric acid dihydric alcohol. This material is a printable liquid polymer that keeps the solid shape from the mould when cured with styrene. When combined with fibreglass, it can showcase properties such as strength and durability. It also has applications for opaque panelling, aircraft ductwork, and providing an aesthetic appeal.

The rising demand for this product can be associated with the growth in the construction industry, where it is used for wood paints, flat laminated panels, ribbed panels, artificial cement, and bathroom fixers. Moreover, this product also finds applications in frames, ducts and pipes, panels, and interior and exterior components of vehicles, boats, and aeroplanes. Hence, the expansion of the automotive, marine, and aircraft industries will propel the unsaturated polyester resin market.

Temporary Halt in Manufacturing Activities amid the COVID-19 Outbreak to Affect Growth

The coronavirus pandemic has significantly affected several industries all over the globe resulting in the temporary halt of manufacturing and trade activities. These industries include automotive and building & construction. The lockdown has led to a shortage of raw materials, which, in turn, has caused a halt in manufacturing activities in these industries. This is further leading to a decline in product demand. This has surged the pricing of raw materials and finished products as a mode to generate enough revenue for manufacturers. Moreover, the normalization after the COVID-19 period is expected to benefit manufacturing industries such as automotive, marine, and aerospace to help in revenue generation, which, in turn, would support the UPR market growth.


Request a Free sample to learn more about this report.

High Demand for UPR from Several End-use Industries to Provide Growth Opportunities

The growing demand for UPR from several end-use industries such as automotive, aerospace, electrical & electronics, and marine is positively affecting the key market growth. This product is used for printed wiring boards, pipes and ducts, and panels. This product is also used as a composite material for making vehicle structures and boats in the automotive and marine industries. As composite materials made from this material are low-cost and lightweight, this acts as an ideal product to be used in these industries, thus resulting in the high demand for unsaturated polyester resin.

Moreover, this material is used in electronics & electrical applications due to its beneficial properties such as corrosion resistance, insulation, flexibility, strength, and durability. These properties make this product a highly demanding material for the manufacturing of microwave antennas, wiring boards, and electrical insulation devices. At the same time, the increasing demand for applications in end-use industries such as wind, aerospace, and pipes & tanks is further set to support the product consumption.


Increasing Demand for Unsaturated Polyester Resin from Building & Construction Industry to Aid Growth

This product is majorly utilized in the building & construction industry for the manufacturing of products such as window panels, roof tiles, floor tiles, and bathroom fixtures. The use of this product offers excellent surface finish, water repellency, resistance to wear, rigidity, and good electrical insulation. Hence, the increasing demand from the building & construction industry acts as a key driving factor for the UPR market. Growing construction activities around the globe to meet the high demand from the rising population is leading to the high consumption of this product. Besides, the expansion of government infrastructures and housing projects in developing regions is driving the building & construction industry, which is further anticipated to propel the UPR market. Moreover, the rising urban population and renovation activities due to the growing disposable incomes of consumers are further driving the demand for this product.


Availability of Substitutes May Hinder the Market Growth

This product has seen a major demand growth from various end-use industries. However, this has led to the development and introduction of substitutes in the market. These substitutes include epoxy resin and nylon, thus leading to consumers shifting towards cheaper and easily available resin raw material that acts as a restraining factor for the unsaturated polyester resin market growth rate. Moreover, governmental regulations over the protection of the environment and limiting the use of non-renewable resources as an act towards conservation is further hindering the market growth in the process. Additionally, the temporary shutdown of production units due to the COVID-19 pandemic is also a restraining factor as it is creating a demand and supply gap.


By Type Analysis

Orthophthalic Segment to Hold Major Share in the Market during the Forecast Period

On the basis of type, the unsaturated polyester resin market is segmented into orthophthalic, isophthalic, and DCPD. The orthophthalic segment dominated the market due to more benefitting properties such as toughness, durability, chemical, and thermal resistance. These properties prove to be advantageous in the automotive, marine, and construction industries, which have led to the high consumption of this product. This material is used in various applications such as boat decks, fishing poles, lamination, castings, gel coats, and polymer concrete in the above-mentioned industries. The expansion of the automotive, marine and aerospace end-use industries would support the market growth.

The isophthalic segment is expected to experience significant growth during the forecast period due to the increasing demand for fiberglass. The isophthalic UPR offers properties such as higher-grade, better flexibility, strength, and chemical resistance. These properties make it an ideal type to be used for fiberglass applications in the transportation industry. DCPD is used for composite materials, body panels, closure panels, boat hull fenders, and decks in the marine and transportation industries. They are also used for coatings and adhesive applications.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Building & Construction Segment to Lead Backed by High Demand from the Housing Sector

On the basis of application, the unsaturated polyester resin market is segmented into building & construction, marine, pipes & tanks, electrical & electronics, land transportation, wind energy, and others. The building & construction segment dominated the market due to the high demand from the housing sector as a result of the population growth. This material is used for roof panels, tiles, bathroom fixers, coatings, insulation, wiring, and others. The demand for this product can be associated with the growth of the building & construction industry in developing regions.

The marine segment is expected to show substantial growth during the forecast period due to the rapid use of this product in marine applications such as boat decks, interior & exterior parts, fiberglass panels, and surfer boards. The wind segment is also anticipated to have the fastest growth due to the increasing demand for energy from various sectors. Composite materials made from this product are used in the manufacturing of wind blades at lower prices. Moreover, the growing prices of fossil-based fuels are resulting in the shift towards more effective energy generation sources.

In the electrical & electronics segment, this product is used for electrical and thermal insulation, wiring boards, and printed circuit boards on account of various properties such as durability and flexibility. Moreover, fiberglass made from this product is used for the manufacturing of pipes and tanks for industrial applications. The rising demand for applications in the pipes & tanks and electrical & electronics segment is further expected to support the overall market growth.


Asia Pacific Unsaturated Polyester Resin Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample

Asia Pacific dominated the unsaturated polyester resin market in terms of volume and is estimated to have a value of USD 6,606.2 million in 2019. The dominance of the region can be attributed to the increasing demand for this product from several industries such as automotive and aerospace. The economic development within numerous countries such as China, India, and Japan is leading to significant demand for composite material made from this product in household and institutional applications. It is expected to drive the market during the forecast period.

North America is estimated to have a significant share in the global unsaturated polyester resin market, which can be associated with the growing technological advancement and disposable income in the region. The growing demand for this material from the construction industry for renovation is a leading factor responsible for the market growth. This, along with rising trade activities, such as exports of end products made from this material from the region, would drive this market.

Europe is expected to show substantial market growth during the forecast period. This growth can be attributed to the high demand for this material from applications in the automotive industry. Germany is one of the major countries in terms of the production and consumption of automobiles and is anticipated to increase the demand for this product. The expansion of the automotive industry in the region would also lead to market growth.

To know how our report can help streamline your business, Speak to Analyst

Latin America and the Middle East & Africa are expected to have gradual growth during the forecast period. In Latin America, Brazil is anticipated to show growth due to rapid urbanization along with the increasing disposable income. Furthermore, the Middle East & Africa is a major hub for mining. At the same time, raw materials are available easily and at lower prices for manufacturers in the region. This reduces the total production cost of the product. Moreover, the growing economy and population within the region would further surge the market.


Joint Ventures and Capacity Expansion are the Key Strategies Implemented by Companies

Key players operating in the industry are Reichold, Royal DSM, Deltech, Polynt, Dow, BASF SE, and INEOS. Companies are adopting strategies such as distribution enhancement, new product development, acquisition, collaboration, and mergers to gain a competitive edge in the global market. For example, Reichold is one of the key players that provide a wide range of unsaturated polyester resins and saturated polyester resins for various applications. Deltech is also a major player that offers an extensive range of resins primarily based on unsaturated polyester and alkyd chemistry. The company has a production capacity of 20-ton batches of resin.


  • Reichold (U.S.)

  • Royal DSM (Netherlands)

  • Deltech (U.S.)

  • Polynt (Italy)

  • Dow (U.S.)

  • BASF SE (Germany)

  • INEOS (U.K.)

  • U-PICA Company. Ltd. (Japan)

  • UPC Technology Corporation (Taiwan)

  • Scott Bader Company Ltd. (U.K.)

  • Other Key Players


  • December 2020: AOC, a U.S.-based polyester and vinyl ester resins producer, has completed the acquisition of a Spolchemie plant for unsaturated polyester resins in the Czech Republic. This is expected to allow the company to further improve the services and logistics for its consumers in central and Eastern Europe.


An Infographic Representation of Unsaturated Polyester Resin (UPR) Market

To get information on various segments, share your queries with us

The market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, types, and applications. Also, it offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period 



  Volume (Kiloton); Value (USD Million)


By Type, By Application, and By Region

By Type


  • Orthophthalic

  • Isophthalic

  • Dicyclopentadiene (DCPD)

By Application


  • Building & Construction

  • Marine

  • Pipes & Tanks

  • Electrical & Electronics

  • Land Transportation

  • Wind Energy

  • Others

By Region


  • North America

    • By Type

    • By Application

    • By Country

      • U.S. (By Application)

      • Canada (By Application)

  • Europe

    • By Type

    • By Application

    • By Country

      • Germany (By Application)

      • France (By Application)

      • UK (By Application)

      • Italy (By Application)

      • Spain (By Application)

      • Rest of Europe (By Application)

  • Asia Pacific

    • By Type

    • By Application

    • By Country

      • China (By Application)

      • India (By Application)

      • Japan (By Application)

      • South Korea (By Application)

      • Rest of Asia Pacific (By Application)

  • Latin America

    • By Type

    • By Application

    • By Country

      • Brazil (By Application)

      • Rest of Latin America (By Application)

  • The Middle East & Africa

    • By Type

    • By Application

    • By Country

      • South Africa (By Application)

      • Rest of Middle East & Africa (By Application)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 11,579.6 million in 2019 and is projected to reach USD 16,965.7 million by 2027.

In 2019, the market value stood at USD 11,579.6 million.

Registering a CAGR of 5.9%, the market will exhibit steady growth in the forecast period (2020-2027).

The building & construction segment is expected to lead this market during the forecast period.

The increasing demand for unsaturated polyester resin for roofing, flooring, coatings, and fiberglass applications is the key factor driving the market growth.

Reichold, Royal DSM, Deltech, Polynt, Dow, BASF SE, and INEOS are the leading players in the market.

Asia Pacific held the highest share in the market.

The high demand for composite materials from various end-use industries and technological innovations are expected to drive the adoption of these products.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
    (In Process)
  • 2023
    (In Process)

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Related Reports

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.