Global Unsaturated Polyester Resin (UPR) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Ortho-Resins, Isoresins, Dicyclopentadiene (DCPD) and OthersBy Application;
Marine, Pipes & Tanks, and OthersBy End-User Industry;
Construction, Automotive, Electrical & Electronics, OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Unsaturated Polyester Resin (UPR) Market Overview
Unsaturated Polyester Resin (UPR) Market (USD Million)
Unsaturated Polyester Resin (UPR) Market was valued at USD 12,081.15 million in the year 2024. 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%.
Global Unsaturated Polyester Resin (UPR) Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.9 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.9 % |
Market Size (2024) | USD 12,081.15 Million |
Market Size (2031) | USD 18,045.96 Million |
Market Concentration | Medium |
Report Pages | 306 |
Major Players
- AOC Resins
- Ashland
- BASF SE
- Crystic Resins India Pvt. Ltd.
- Deltech
- DSM
- IDI Composites International
- INEOS
- Interplastic
- Polynt
- Reichhold
- Showa Denko
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Unsaturated Polyester Resin (UPR) Market
Fragmented - Highly competitive market without dominant players
The Unsaturated Polyester Resin (UPR) Market is witnessing significant momentum due to increasing demand from construction, marine, and automotive sectors. UPR's lightweight, corrosion resistance, and cost-effectiveness are key factors driving its widespread use in composites and coatings. The construction sector alone accounts for over 35% of the total resin demand, owing to its growing usage in panels, doors, and structural components.
Growth Driven by Product Versatility
The market is gaining traction due to the versatility of UPR in producing fiber-reinforced plastics and non-reinforced materials. Its adaptability in various formulations, including orthophthalic and isophthalic resins, has led to a 28% increase in preference among manufacturers seeking performance-driven materials. Furthermore, its application in electronics and appliances is boosting its penetration across multiple industrial domains.
Sustainability and Technological Advancements
With the rise in environmental awareness and sustainability initiatives, manufacturers are shifting towards eco-friendly resin formulations, which are boosting innovation in bio-based UPRs. These sustainable alternatives are gaining adoption and now constitute over 12% of the market. Technological advancements in curing techniques and filler compatibility are further enhancing the performance of UPR products.
Opportunities Through Innovation and Customization
The market is poised for further expansion as customization and R&D investments increase by over 21%, driving innovations tailored to specific industrial needs. Development of UV-resistant, fire-retardant, and high-impact resins offers untapped opportunities. The integration of UPRs in hybrid composite systems is also expected to open new application frontiers across niche engineering sectors.
Unsaturated Polyester Resin (UPR) Market Recent Developments
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In January 2024, 3M launched a new series of glass-based unsaturated polyester resins formulated with recycled materials, aimed at reducing product weight and energy consumption in automotive and industrial applications.
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In April 2024, BASF introduced a sustainable clearcoat and undercoat lineup for automotive and industrial use, delivering enhanced durability and significantly reduced CO₂ emissions.
Unsaturated Polyester Resin (UPR) Market Segment Analysis
In this report, the Unsaturated Polyester Resin (UPR) Market has been segmented by Type, Application, End-User Industry and Geography.
Unsaturated Polyester Resin (UPR) Market, Segmentation by Type
The Unsaturated Polyester Resin (UPR) Market has been segmented by Type into Ortho-Resins, Isoresins, Dicyclopentadiene (DCPD) and Others.
Ortho-Resins
Ortho-resins dominate the UPR market with an estimated 50% share, thanks to their affordability and versatile performance. Commonly used in automotive and construction sectors, these resins are valued for their mechanical strength, chemical resistance, and broad usability across general-purpose applications.
Isoresins
With around 30% of market share, isoresins are favored for their exceptional heat and corrosion resistance. Their robust mechanical properties make them ideal for demanding industries such as marine, electrical, and automotive. These resins are increasingly used in high-performance composites.
Dicyclopentadiene (DCPD)
DCPD-based UPRs account for about 15% of the market, offering low shrinkage and a smooth surface finish. These properties make them well-suited for sanitary ware, transportation, and marine uses. Their cost-effectiveness and performance appeal to manufacturers seeking aesthetic quality and stability.
Unsaturated Polyester Resin (UPR) Market, Segmentation by Application
The Unsaturated Polyester Resin (UPR) Market has been segmented by Application into Marine, Pipes & Tanks, and Others.
Marine
Marine applications account for nearly 25% of the UPR market, driven by the resin’s excellent corrosion resistance, lightweight nature, and durability in saltwater environments. These resins are extensively used in manufacturing boat hulls, decks, and marine components, ensuring long service life and reduced maintenance.
Pipes & Tanks
Holding the dominant share of about 45%, the pipes and tanks segment leverages the UPR’s strength, chemical resistance, and cost-efficiency. These resins are crucial for producing industrial tanks, sewage pipelines, and chemical storage units, especially in the oil & gas, water treatment, and chemical sectors.
Unsaturated Polyester Resin (UPR) Market, Segmentation by End-User Industry
The Unsaturated Polyester Resin (UPR) Market has been segmented by End-User Industry into Building and Construction, Chemical, Electrical & Electronics, Paints & Coatings, Transportation and Others.
Building and Construction
Representing roughly 35% of the UPR market, the building and construction industry is the dominant end-user. Unsaturated polyester resins are commonly used in roofing, wall panels, sanitary ware, and composite materials for structural and aesthetic applications, thanks to their durability, cost-effectiveness, and weather resistance.
Chemical
Accounting for around 20%, the chemical industry relies heavily on UPRs for fabricating tanks, vessels, and pipes exposed to corrosive environments. Their superior chemical resistance makes them suitable for aggressive industrial applications.
Electrical & Electronics
Comprising approximately 15% of market demand, electrical and electronics manufacturers use UPRs in electrical housings, connectors, and insulation materials. These resins offer excellent thermal stability, electrical insulation, and flame resistance.
Paints & Coatings
Nearly 10% of the market is driven by the paints and coatings sector. UPRs are used in gel coats, protective layers, and aesthetic finishes for their outstanding adhesion, surface smoothness, and weather resistance.
Transportation
With about 12% market share, the transportation sector benefits from UPR’s lightweight and high-strength properties. These resins are used in automotive components, trains, and aerospace interiors, where durability and weight reduction are crucial.
Unsaturated Polyester Resin (UPR) Market, Segmentation by Geography
In this report, the 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.
Regions and Countries Analyzed in this Report
Unsaturated Polyester Resin (UPR) Market Share (%), by Geographical Region
North America
Representing nearly 20% of the UPR market, North America is a key region with high demand from the construction, automotive, and electrical industries. The adoption of advanced composites and increasing infrastructure upgrades drive the use of unsaturated polyester resins across the region.
Europe
Holding around 18% of the market, Europe is driven by strong demand in transportation, renewable energy, and aerospace sectors. Environmentally conscious policies have encouraged the use of lightweight and eco-friendly UPR materials, particularly in Western Europe.
Asia Pacific
As the leading region with approximately 42% share, Asia Pacific benefits from rapid urban development, industrial expansion, and cost-effective manufacturing bases. The rising need for UPRs in automotive, construction, and marine applications makes this region a global growth hub.
Middle East and Africa
Accounting for close to 10%, the Middle East and Africa region shows strong UPR consumption in infrastructure, chemical processing, and oil & gas industries. Investment in large-scale development projects, especially in the Gulf, continues to drive regional demand.
Latin America
Contributing about 10% to the global market, Latin America is experiencing increased uptake of UPRs in building materials, automotive parts, and electrical enclosures. Economic growth and expansion in the manufacturing sector are key to market advancement.
Unsaturated Polyester Resin (UPR) Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Unsaturated Polyester Resin (UPR) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing Demand in Construction and Infrastructure
- Expansion in Automotive and Transportation Sectors
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Advancements in Composite Materials Technology - Ongoing advancements in composite materials technology are significantly driving the growth of the Unsaturated Polyester Resin (UPR) Market. Innovations in resin formulation and fiber reinforcement techniques are enhancing the mechanical strength, chemical resistance, and thermal stability of UPR-based composites. These improvements are expanding the application scope of UPR across diverse sectors such as automotive, construction, marine, and electronics, where lightweight yet durable materials are in high demand.
New technologies are also enabling the development of specialty resins with tailored performance attributes, such as faster curing times, improved surface finish, and better compatibility with advanced reinforcements like carbon and aramid fibers. This evolution allows manufacturers to produce more efficient, cost-effective, and design-flexible products without compromising structural integrity. As industries continue to shift toward high-performance composites for innovation and sustainability, the role of UPR will remain central to supporting next-generation material development.
Restraints
- Volatile Raw Material Prices
- Environmental and Regulatory Constraints
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Competition from Alternative Materials - Competition from alternative materials is a significant restraint impacting the Unsaturated Polyester Resin (UPR) Market, particularly as industries explore newer solutions offering enhanced properties or environmental benefits. Materials such as epoxy resins, vinyl ester resins, thermoplastics, and natural fiber composites are increasingly being adopted in applications traditionally dominated by UPR, due to their superior impact resistance, moisture tolerance, and mechanical performance in certain use cases.
The rising emphasis on sustainability and regulatory compliance is also encouraging the shift toward bio-based and recyclable alternatives, which may further limit UPR’s growth potential in environmentally sensitive sectors. In industries such as automotive, aerospace, and construction, decision-makers are opting for advanced composites that meet stricter performance and ecological standards. This competitive pressure underscores the need for continuous innovation in UPR formulations to maintain relevance and competitiveness in an evolving material landscape.
Oppotunities
- Emerging Markets in Asia Pacific and Latin America
- Development of Bio-based and Sustainable Resins
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Innovations in Additives and Formulations - Rapid developments in formulations and additive technologies are creating new opportunities for growth in the unsaturated polyester resin market. UPRs are being engineered with enhanced features such as flame retardancy, chemical resistance, and improved mechanical stability, making them more attractive for use in demanding applications like electrical housings, infrastructure, and marine composites.
Innovations such as the use of nano-fillers, low-styrene content, and bio-based reinforcements are also improving performance and sustainability. These modified resins offer improved dimensional stability, better surface finish, and lower emissions, addressing both technical and regulatory demands.
Customized UPRs designed for decorative applications, reinforced panels, and load-bearing structures are expanding the material’s scope beyond traditional applications. Additives like UV stabilizers and pigments are enhancing the appeal of UPR-based products in architecture, consumer goods, and transport.
As end-users demand more tailored, high-performance materials, continued innovation in resin design and additive integration will be key to unlocking new market segments. These efforts are helping UPRs evolve with modern industry requirements while offering a cost-effective alternative to premium resins.
Unsaturated Polyester Resin (UPR) Market Competitive Landscape Analysis
Key players in 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
- Market Share Analysis
- 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 Application
- Market Snapshot, By End-User Industry
- Market Snapshot, By Region
- 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
- Unsaturated Polyester Resin (UPR) Market, By Type, 2021 - 2031 (USD Million)
- Ortho-Resins
- Isoresins
- Dicyclopentadiene (DCPD)
- Others
- Unsaturated Polyester Resin (UPR) Market, By Application, 2021 - 2031 (USD Million)
- Marine
- Pipes & Tanks
- Others
- Unsaturated Polyester Resin (UPR) Market, By End-User Industry, 2021 - 2031 (USD Million)
- Construction
- Automotive
- Electrical & Electronics
- Others
- 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
- 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