Unsaturated Polyester Resins (UPR) Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Product;
DCPD, Orthopthalic, Isopthalic and OthersBy End Use;
Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Artificial Stones and OthersBy Form;
Liquid Form and Powder FormBy 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%.
Unsaturated Polyester Resins (UPR) Market
*Market size in USD million
CAGR 5.9 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 5.9 % |
| Market Size (2025) | USD 12,081.15 Million |
| Market Size (2032) | 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
Unsaturated Polyester Resins (UPR) Market
Fragmented - Highly competitive market without dominant players
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 Resins (UPR) Market Key Takeaways
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The global unsaturated polyester resins (UPR) market is growing steadily, driven by increasing demand for lightweight, durable, and cost-effective materials across industries such as construction, automotive, marine, and electrical applications.
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Asia-Pacific dominates the market owing to rapid industrialization, rising infrastructure projects, and the expansion of composite manufacturing industries in countries like China, India, and South Korea.
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Orthophthalic resins hold a significant market share due to their versatility, affordability, and widespread usage in applications including pipes, tanks, and building materials, though isophthalic and DCPD resins are gaining ground for superior performance.
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Construction and infrastructure remain key end-use sectors, supported by the increasing adoption of UPR-based composites in roofing, cladding, and reinforcement products for enhanced strength and corrosion resistance.
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Automotive and transportation applications are expanding rapidly as manufacturers focus on weight reduction and fuel efficiency, leveraging UPR-based components for body panels, hoods, and structural parts.
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Technological advancements in resin formulation—such as low-styrene, high-performance, and recyclable UPRs—are driving sustainability initiatives and compliance with stringent environmental standards worldwide.
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Despite robust demand, challenges such as fluctuating raw material costs, environmental concerns over styrene emissions, and the need for advanced composite alternatives may impact the pace of market expansion and product innovation.
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 Resins (UPR) Market Segment Analysis
In this report, the Unsaturated Polyester Resins (UPR) Market has been segmented by Product, End Use, Form, and Geography. This segmentation provides insights into the factors driving market growth, including the different resin types, applications, and regional demand trends in industries such as building & construction, transport, and electrical.
Unsaturated Polyester Resins (UPR) Market, Segmentation by Product
The Product segmentation highlights the key types of unsaturated polyester resins, including DCPD, Orthopthalic, Isopthalic, and Others. Each resin type offers unique properties that cater to different industrial applications, influencing their demand across sectors like automotive, construction, and marine.
DCPD
DCPD-based resins are known for their excellent mechanical properties and resistance to environmental stresses. These resins are commonly used in applications such as tanks and pipes, where durability and corrosion resistance are key considerations.
Orthopthalic
Orthopthalic resins are the most widely used type of unsaturated polyester resin, offering good chemical resistance and strength. They are typically used in general-purpose applications such as building and construction, transport, and marine products.
Isopthalic
Isopthalic resins provide superior resistance to water and chemicals compared to orthopthalic resins. They are used in demanding applications like tanks, pipes, and marine products, where enhanced durability and resistance are essential.
Others
Other unsaturated polyester resins include various specialty formulations tailored for specific applications, offering unique properties such as UV resistance or low shrinkage in specific industrial processes.
Unsaturated Polyester Resins (UPR) Market, Segmentation by End Use
The End Use segmentation explores the industries where unsaturated polyester resins are utilized, including Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Artificial Stones, and others. These applications vary widely, with resins playing crucial roles in manufacturing durable and high-performance products.
Building & Construction
In the building & construction sector, unsaturated polyester resins are used in a wide range of applications, including architectural panels, roofing materials, and structural components. Their ability to provide strength, durability, and ease of processing makes them an ideal choice for construction projects.
Tanks & Pipes
UPRs are heavily used in the production of tanks and pipes, particularly in industries requiring corrosion-resistant and high-strength materials. These resins are preferred for water treatment and chemical transport applications due to their ability to withstand harsh environments.
Electrical
In the electrical industry, unsaturated polyester resins are used for manufacturing insulation materials and components like transformers, switchboards, and circuit boards. Their electrical insulation properties make them ideal for applications that require safety and high performance.
Marine
Marine applications demand high-performance resins due to exposure to harsh weather and saltwater environments. UPRs used in boat hulls, decks, and other marine products offer excellent resistance to water, corrosion, and mechanical stress.
Transport
In the transport sector, unsaturated polyester resins are utilized in the manufacturing of automotive parts, truck bodies, and other transport infrastructure components. These resins provide lightweight, durable solutions that contribute to fuel efficiency and safety in transportation applications.
Artificial Stones
UPRs are used in the production of artificial stones, including countertops, flooring, and decorative stones. These resins provide excellent surface hardness and flexibility, making them ideal for creating high-quality, durable, and aesthetically appealing products.
Others
Other applications of unsaturated polyester resins include their use in the manufacturing of consumer goods, sports equipment, and protective coatings. Their versatility across industries contributes to a wide range of product applications.
Unsaturated Polyester Resins (UPR) Market, Segmentation by Form
The Form segmentation classifies unsaturated polyester resins into Liquid Form and Powder Form, each offering distinct advantages in processing and application, depending on the specific requirements of the end-use industry.
Liquid Form
Liquid unsaturated polyester resins are widely used due to their easy handling and versatility. They are typically used in molding processes and for applications that require high flowability, such as in the construction, automotive, and marine industries.
Powder Form
Powder resins are typically used in applications such as coatings, where a fine, controlled application is necessary. They offer easy storage, longer shelf life, and are ideal for applications where solvent-free products are preferred.
Unsaturated Polyester Resins (UPR) Market, Segmentation by Geography
The Geography segmentation examines the regional market dynamics of unsaturated polyester resins, focusing on major regions including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. These regions exhibit varying growth patterns driven by industrial demand, regulatory policies, and the adoption of eco-friendly materials.
Regions and Countries Analyzed in this Report
North America
North America is a key market for unsaturated polyester resins, driven by robust demand in the automotive, construction, and marine sectors. The region’s focus on energy-efficient and sustainable materials contributes to the continued adoption of UPRs, especially in composite materials and coatings.
Europe
Europe’s market for unsaturated polyester resins is characterized by strong demand from the construction, automotive, and industrial sectors. The region’s commitment to sustainability and regulatory standards is accelerating the shift towards eco-friendly and high-performance resin formulations.
Asia Pacific
Asia Pacific is the fastest-growing market for unsaturated polyester resins, fueled by industrial growth and urbanization in countries like China and India. The demand for UPRs in building & construction, automotive, and marine applications is driving significant market expansion in the region.
Middle East & Africa
The Middle East & Africa market for unsaturated polyester resins is growing steadily, with applications in construction, tanks & pipes, and oil & gas sectors. The region’s increasing industrialization and demand for durable, cost-effective materials support continued market development.
Latin America
Latin America’s unsaturated polyester resin market is expanding, driven by the growing construction and automotive industries in countries like Brazil and Mexico. Demand for high-performance materials in building & construction and transport applications is expected to increase in the coming years.
Unsaturated Polyester Resin (UPR) Market Forces
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 |
|---|---|---|---|---|---|
| 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
Unsaturated Polyester Resins (UPR) Market is becoming increasingly competitive as chemical producers adopt strategies such as partnerships, collaboration, and targeted mergers to diversify their portfolios. The sector is witnessing steady growth, driven by rising demand in construction, automotive, and marine applications. Nearly 62% of revenues are concentrated among leading manufacturers, influencing cost structures, product innovation, and global supply chains.
Market Structure and Concentration
The market demonstrates a semi-consolidated structure, with more than 55% of sales controlled by global players. Strong partnerships with construction contractors, automotive OEMs, and composite manufacturers reinforce leadership. Regional expansion and cross-sector collaboration continue to support growth, particularly in high-performance resin applications.
Brand and Channel Strategies
Producers pursue multi-channel strategies including direct industrial sales, distributor networks, and long-term OEM contracts, which together represent nearly 44% of market share. Strong partnerships with composite and fiberglass firms enhance brand positioning. International collaboration and targeted marketing initiatives help sustain long-term growth across diverse end-user industries.
Innovation Drivers and Technological Advancements
Over 64% of companies emphasize innovation in low-styrene, eco-friendly, and high-strength UPR formulations. Significant technological advancements include improved curing technologies, recyclable composites, and corrosion-resistant resins. Continuous R&D and collaboration with construction and marine industries strengthen competitiveness and secure sustainable growth potential.
Regional Momentum and Expansion
Asia-Pacific contributes nearly 47% of demand, driven by infrastructure expansion and large-scale manufacturing. North America accounts for around 28%, focusing on technological advancements in automotive and wind energy applications, while Europe emphasizes regulatory compliance and sustainable resins. Regional strategies highlight OEM partnerships and localized production to maintain steady growth.
Future Outlook
The future outlook indicates that more than 57% of companies will prioritize bio-based UPR, advanced composites, and circular economy solutions. Expanding collaboration with renewable energy, automotive, and marine industries, along with continuous innovation in sustainable production methods, will drive expansion. These initiatives are expected to secure long-term growth in global industrial markets.
Key players in Unsaturated Polyester Resin (UPR) Market include.
- BASF SE
- Polynt
- Dow Inc.
- INEOS
- DSM
- AOC Resins
- Ashland Inc.
- Reichhold
- Covestro AG
- U-PICA Company Ltd.
- UPC Technology Corporation
- Scott Bader
- Eternal
- LERG SA
- Orson Resins & Coatings Pvt. Ltd.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- 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 Product
- Market Snapshot, By End Use
- Market Snapshot, By Form
- Market Snapshot, By Region
- Unsaturated Polyester Resins (UPR) Market Forces
- 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 Resins (UPR) Market, By Product, 2021 - 2031 (USD Million)
- DCPD
- Orthopthalic
- Isopthalic
- Others
- Unsaturated Polyester Resins (UPR) Market, By End Use, 2021 - 2031 (USD Million)
- Building & Construction
- Tanks & Pipes
- Electrical
- Marine
- Transport
- Artificial Stones
- Others
- Unsaturated Polyester Resins (UPR) Market, By Form, 2021 - 2031 (USD Million)
- Liquid Form
- Powder Form
- Unsaturated Polyester Resins (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 Resins (UPR) Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Polynt
- Dow Inc.
- INEOS
- DSM
- AOC Resins
- Ashland Inc.
- Reichhold
- Covestro AG
- U-PICA Company Ltd.
- UPC Technology Corporation
- Scott Bader
- Eternal
- LERG SA
- Orson Resins & Coatings Pvt. Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market

