Global Orthophthalic Resin Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Filled Rasin and Unfilled Rasin.

By Application;

Automotive Industry, Construction Industry, and Electrical & Electronic industry.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn232618771 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Orthophthalic Resin Market (USD Million), 2021 - 2031

In the year 2024, the Global Orthophthalic Resin Market was valued at USD 2148.18 million. The size of this market is expected to increase to USD 2641.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global orthophthalic resin market is a dynamic sector within the composite materials industry, characterized by its significant use in industries such as automotive, construction, and electrical & electronics. Orthophthalic resins, also known as orthophthalic polyester resins, are a type of thermoset resin primarily used for producing composite materials. These resins are typically formulated by the polymerization of phthalic anhydride with a glycol compound, often employing catalysts to control the process. Orthophthalic resins are favored for their excellent chemical resistance, mechanical properties, and cost-effectiveness, making them a key ingredient in numerous industrial applications.

One of the primary benefits of orthophthalic resins is their versatility. They can be reinforced with various fillers such as glass fibers, carbon fibers, and other materials to enhance their mechanical properties and performance characteristics. This has led to their widespread use in composite manufacturing, offering a perfect balance between strength, weight, and cost. Orthophthalic resins are commonly used to manufacture products that require strong, durable, and lightweight materials, such as automotive parts, boats, construction panels, and electrical components. They can be processed using a variety of methods, including hand lay-up, spray-up, vacuum infusion, and compression molding.

The global market for orthophthalic resins is expected to grow due to increased demand from the automotive and construction industries, particularly in developing regions where infrastructure projects are on the rise. The increasing adoption of composite materials for lightweighting in automotive manufacturing and for producing durable and corrosion-resistant components in the construction sector has fueled the demand for orthophthalic resins. Additionally, the electrical & electronics industry is increasingly relying on orthophthalic resins for the production of insulating materials and encapsulation products due to their excellent electrical properties. Sustainability trends, including the move toward more environmentally friendly and energy-efficient materials, have further accelerated the adoption of composite materials, including those made from orthophthalic resins.

With advancements in resin formulations, the performance characteristics of orthophthalic resins have been improved, allowing them to meet more demanding specifications. High-temperature resistance, chemical resistance, and long-term durability are key factors driving innovation in this space. The use of orthophthalic resins is increasingly aligned with industry trends focused on reducing production costs, enhancing material performance, and improving sustainability. However, the market faces challenges, such as the rising costs of raw materials, concerns over the environmental impact of resins, and the increasing availability of alternative composite materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Orthophthalic Resin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for lightweight materials in the automotive industry.
        2. Growing infrastructure development in emerging economies.
        3. Shift towards sustainable and eco-friendly materials.
      2. Restraints
        1. Fluctuating raw material prices.
        2. Environmental concerns regarding resin production and disposal.
        3. Competition from alternative composite materials.
      3. Opportunities
        1. Expanding applications in renewable energy sectors.
        2. Rising demand for orthophthalic resins in consumer electronics.
        3. Increased focus on high-performance composites for aerospace applications.
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Orthophthalic Resin Market, By Type, 2021 - 2031 (USD Million)
      1. Filled Resin
      2. Unfilled Resin
    2. Global Orthophthalic Resin Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive Industry
      2. Construction Industry
      3. Electrical and Electronic Industry
    3. Global Orthophthalic Resin Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DSM
      2. Ashland
      3. Scott Bader
      4. CCP Composites
      5. Polynt Group
      6. Dow Chemical
      7. BASF
  7. Analyst Views
  8. Future Outlook of the Market