Unsaturated Polyester Resin Market By Product Type, (Orthophthalic, Polyesters, Isophthalic, Dicyclopentadiene, and Others), By End-Use Industry (Marine, Building Construction, Transportation, Electrical & Electronics, Power Generation, Oil and Gas, and Others), and By Region - Trends, Analysis, and Forecast Till 2030

Unsaturated polyester resin market accounted for USD 8655.34 Million in 2020 and is estimated to be USD 14450.49 Million by 2030 and is anticipated to register a CAGR of 5.3%.

Unsaturated polyester resin is formed by the condensation of unsaturated acid and diol with or without di-acid. Cross linking of these resins along with the vinyl reactive polymer form highly durable structures and coatings. Composite material glass fiber–reinforced plastics is formed by using polymer unsaturated polyester resin. It is widely used in the building and construction owing to its excellent properties. The key difference between saturated and unsaturated is that saturated polyester resins have no double bonds in their main chain whereas the unsaturated polyester resins have double bonds in their main chain. Polyester resins had many advantages such as low cost, adequate resistance to water, resistant to weather etc. It is made by the reaction of dibasic organic acids and polyhydric acids.

Rising building and construction industry

Increasing building and construction industry, along with rising mining activities across the globe are driving growth of the unsaturated polyester resin market. Growing demand from electrical & electronics and chemical sector is expected to propel growth of the target market over the forecast period. In addition, increasing adoption of orthostatic resins in transport and marine industries is fueling growth of the unsaturated polyester resin market growth.

However, availability of substitute at low cost is restraining growth of the unsaturated polyester resin market. In addition, fluctuating raw material prices is another factor expected to hamper growth of the target market.

Unsaturated polyester resin market is segmented based on product type, end use industry and region.

On the basis of product type, the unsaturated polyester resin market is segmented into orthophthalic, polyesters, isophthalic, dicyclopentadiene, and others. On the basis of end use industry, the target market is segmented into marine, building construction, transportation, electrical & electronics, power generation, oil and gas, and others.

Regional Insights:

Unsaturated polyester resin market accounted for US$ 8655.34 million in 2020 and is estimated to be US$ 14450.49 million by 2030 and is anticipated to register a CAGR of 5.3%. On region the unsaturated polyester resin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period. North America is projected to be the second highest share in terms of revenue in the unsaturated polyester resin market in the near future.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the unsaturated polyester resin market report based on product type, end use industry, and region.

Unsaturated Polyester Resin Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the unsaturated polyester resin market includes Ashland Global Holdings Inc., Tianhe Chemicals Group Ltd, Changzhou Zhonghui Solar Technology Company Limited, Aoc Resins and Coatings Company, BASF SE, The Dow Chemical Company, Koninklijke DSM N.V., CCP Composites, Reichhold Inc., and Saudi Basic Industries Corporation.

• Ashland Global Holdings Inc.
• Tianhe Chemicals Group Ltd
• Changzhou Zhonghui Solar Technology Company Limited
• Aoc Resins and Coatings Company,
• BASF SE,
• The Dow Chemical Company
•  Koninklijke DSM N.V.
•  CCP Composites
•  Reichhold Inc.
• Saudi Basic Industries Corporation.