1. What is the projected Compound Annual Growth Rate (CAGR) of the Unsaturated Polyester Resin (UPR) Market?
The projected CAGR is approximately 7.5%.
Market
Insights
Reports delivered globally, covering a wide range of industries and sectors.
Clients who trust our expertise and rely on our insights for business decisions.
Managed Reports, ensuring seamless updates and premium service.
Satisfied Customers, committed to delivering exceptional value and quality.
Unsaturated Polyester Resin (UPR) Market by Product (Orthopthalic, Isopthalic, DCPD, Others), by End-user (Building and construction, Tanks and pipes, Electrical, Marine, Transport, Artificial stones, Others), by Region (North America, Europe, Asia Pacific, Latin America, MEA), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Sweden, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Thailand, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Egypt, Nigeria, Rest of MEA) Forecast 2025-2033
The size of the Unsaturated Polyester Resin (UPR) Market was valued at USD 7 Billion in 2023 and is projected to reach USD 11.61 Billion by 2032, with an expected CAGR of 7.5% during the forecast period.Unsaturated polyester resins (UPR) are thermosetting resins known for their versatility and superior mechanical, thermal, and chemical properties. They are widely used in industries such as construction, automotive, marine, and electrical. UPR is typically produced by the reaction of unsaturated dicarboxylic acids with polyols, resulting in a resin that cures into a solid material when mixed with a catalyst.The construction industry is the largest consumer of UPR, where it is used in composites, coatings, and adhesives. Its lightweight, durability, and resistance to corrosion make it a preferred material for building facades, pipes, and panels. In the automotive and marine sectors, UPR is employed in the production of reinforced plastics and fiberglass, offering a high strength-to-weight ratio.Asia Pacific leads the global UPR market, driven by rapid industrialization, urbanization, and infrastructure development in countries like China and India. Europe and North America are also significant markets, owing to advancements in composite materials and stringent environmental regulations.Challenges for the market include environmental concerns related to styrene emissions during production and curing. However, the development of low-styrene and bio-based UPR variants is addressing these issues. With increasing demand for lightweight and sustainable materials, the UPR market is expected to grow significantly.
The UPR market remains concentrated among a few major players, with the top three companies dominating over 50% of the market share. The industry is characterized by continuous innovation, with companies investing heavily in research and development to advance the performance and applications of UPR.
Regulations governing environmental protection, health, and safety continue to influence the market, encouraging the adoption of eco-friendly UPR formulations. Moreover, specific requirements from end-user industries, such as automotive and marine sectors, have prompted the development of tailored UPR products.
M&A activity in the market remains moderate, as companies pursue strategic acquisitions to expand their product portfolio and strengthen their global footprint.
Key market insights include the growing demand for UPR in emerging markets, such as Asia Pacific and Latin America, due to rapid urbanization and industrialization. The use of UPR in renewable energy applications, such as wind turbine blades, is also increasing. The market is witnessing the adoption of sustainable practices, with companies developing bio-based and biodegradable UPR formulations. Advancements in manufacturing processes, such as continuous lamination and automated molding, are enhancing production efficiency and reducing costs.
The Asia Pacific region continues to dominate the UPR market, primarily driven by the burgeoning construction and automotive industries in China and India.
Among application segments, the building and construction sector continues to hold the largest market share, followed by the transportation segment. Isopthalic UPR is anticipated to remain the fastest-growing product segment due to its superior performance properties.
The UPR market is expected to reach $10 Billion by 2027, exhibiting a CAGR of 7.5%. The market is driven by the increasing demand for lightweight materials in transportation and the growing construction industry. Asia Pacific is the largest market for UPR, followed by Europe and North America.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.5% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 7.5%.
Key companies in the market include DSM, Ashland, Changzhou New Solar Tianhe, Down BASF, SABIC, Dow, CCP Composites.
The market segments include Product, End-user, Region.
The market size is estimated to be USD 7 Billion as of 2022.
Rise in composites demand. Increasing application scope in construction application. Strong automobile sales outlook.
N/A
Strict regulations. Fluctuating raw material price trend.
N/A
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion.
Yes, the market keyword associated with the report is "Unsaturated Polyester Resin (UPR) Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Unsaturated Polyester Resin (UPR) Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
See the similar reports
Market Insights Reports offers comprehensive market research reports and analysis, giving businesses important information about their clients, rivals, and sector to help them make well-informed decisions on operations, marketing, and business strategy. We offer a variety of services in addition to market research, data analysis, and strategy planning. In order to find opportunities and learn more about our competitors and the industry at large, we employ competitive analysis. To identify areas for development, we also evaluate our performance against that of our rivals. We can determine the places at which we can offer our clients the most value by performing value chain analysis.
Additionally, clients receive a thorough overview of their industry business environment. We can find trends that help us forecast future possibilities and threats by examining global macroeconomic dynamics and consumer behavior patterns. By analyzing their features and advantages, contrasting them with comparable items on the market, and evaluating both their quantitative and qualitative performance, we comprehensively evaluate our clients' products. This allows us to assist customers in determining how their goods compare to those of their rivals and in creating successful marketing plans. Our group has been successful in gaining a thorough grasp of our clients' requirements and offering them creative solutions. We currently provide services to more than 50 nations in Europe, the Middle East, Africa, Latin America, Asia Pacific, and North America. Because of our global reach, we have been able to establish trusting bonds with our partners and clients in various nations, improving customer service and forging a more cohesive worldwide presence.
We use cookies to enhance your experience.
By clicking "Accept All", you consent to the use of all cookies.
Customize your preferences or read our Cookie Policy.