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Unsaturated Polyester Resins Global Market Report 2023

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    Report

  • 200 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5741572

Quick Summary:

In an ever-evolving global landscape, sound market intelligence is paramount to informed decision-making. If your enterprise operates within or intersects with the unsaturated polyester resins industry, our comprehensive market research report is an indispensable tool. Our report offers a meticulous evaluation of the market dynamics, key trends, and growth opportunities that are shaping the varied sectors employing these versatile resins, from construction, marine, and transportation to electrical, electronics, and automotive.

This comprehensive study encompasses a multifaceted view of the unsaturated polyester resins market, spanning diverse geographies that include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Insights into market segmentation by resin types, forms, and end-user applications are complemented with a deep dive into key industry players. From strategic initiatives to product innovations, keep abreast of the competitive landscape and capitalize on the potential this market offers. By leveraging our rigorous research strategies and vast experience, we empower you to strategically drive your business towards sustained growth.

The global unsaturated polyester resins market grew from $9.67 billion in 2022 to $10.31 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The unsaturated polyester resins market is expected to grow to $13.28 billion in 2027 at a CAGR of 6.5%.

The unsaturated polyester resins market consists of sales of vinyl polyester resins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The unsaturated polyester resins are mainly used in the production of fiber-reinforced plastics and filled plastic products and are obtained from the reaction of polyalcohol and polyacids. Unsaturated polyester resins are also used in tanks, sanitary ware, pipes, gratings, and high-performance components for the marine and transportation industry such as closure and body panels. They are cost-efficient, have good temperature tolerance capacity, and have resistance to water and chemicals.

Asia-Pacific was the largest region in the unsaturated polyester resins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unsaturated polyester resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of unsaturated polyester resins are orthophthalic resins, isophthalic resins, dicyclopentadiene, and others. Orthophthalic resin is a type of low-styrene emission orthophalic that is a thixotropic polyester resin and improves the working environment during and after application. The various forms available are liquid form and powder form and are used by various end-users such as building and construction, automotive, marine, pipes, ducts and tanks, wind energy, electrical and electronics, and others.

Growth in the construction industry is significantly contributing to the growth of the unsaturated polyester resins market. The construction industry is involved in maintaining, repairing structures and buildings, and making new construction buildings. The growth in the building and construction industry drives the unsaturated polyester resins industry as they have the properties such as rapid strength gain, chemical resistance, corrosion resistance, high impact strength, and excellent compressive strength properties that are helpful in building and construction activities. There is a growth in the construction industry. For instance, according to the Ministry of Statistics and Programme Implementation (MoSPI), a ministry of the Government of India concerned with coverage and quality aspects of statistics released, in April-June 2021, the construction sector grew at 68.3% in India from April-June 2020. Therefore, growth in the construction industry is driving the unsaturated polyester resins market.

Product innovations are the key trends gaining popularity in the unsaturated polyester resins market. Unsaturated polyester resins-based technologies are being used for repairing activities. The end-users are adopting innovations to use better products in their operations. For instance, according to data by the defense research and development organization updated in 2021, a fast setting and high strength polymer concrete composite (PolyCC) technology was developed as the binder resin based on an unsaturated polyester resin system to repair runways. It offers compressive strength by providing three-dimensional cross-linking within two hours. This is an innovative technology that does not require water and is workable in hot as well as sub-zero temperature conditions.

In December 2020, AOC AG, a Switzerland-based company operating in resins and specialty materials acquired unsaturated polyester resin (UPR) manufacturing operations in Usti nad Labem in the Czech Republic for an undisclosed amount. With this acquisition, AOC will improve its services and will make new products in central and Eastern Europe for its customers. The UPR plant operates in the manufacturing of resins.

The countries covered in the unsaturated polyester resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The unsaturated polyester resins market research report is one of a series of new reports that provides unsaturated polyester resins market statistics, including unsaturated polyester resins industry global market size, regional shares, competitors with a unsaturated polyester resins market share, detailed unsaturated polyester resins market segments, market trends and opportunities, and any further data you may need to thrive in the unsaturated polyester resins industry. This unsaturated polyester resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major players in the unsaturated polyester resins market are INEOS Group, UPC Technology Corporation, Ashland, BASF SE, Eternal Materials Co. Ltd., Interplastic Corporation, LERG SA, Qualipoly Chemical Corporation, Scott Bader Company Ltd., SHOWA DENKO K.K, Sino Polymer Co. Ltd., and Lanxess AG.



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Frequently Asked Questions about the Global Unsaturated Polyester Resins Market

What is the estimated value of the Global Unsaturated Polyester Resins Market?

The Global Unsaturated Polyester Resins Market was estimated to be valued at $10.31 billion in 2023.

What is the growth rate of the Global Unsaturated Polyester Resins Market?

The growth rate of the Global Unsaturated Polyester Resins Market is 6.5%, with an estimated value of $13.28 billion by 2027.

What is the forecasted size of the Global Unsaturated Polyester Resins Market?

The Global Unsaturated Polyester Resins Market is estimated to be worth $13.28 billion by 2027.

Who are the key companies in the Global Unsaturated Polyester Resins Market?

Key companies in the Global Unsaturated Polyester Resins Market include Polynt Reichhold Group, INEOS Group, UPC Technology Corporation, Ashland, Koninklijke DSM N.V, AOC, BASF SE, Eternal Materials Co. Ltd., Interplastic Corporation and LERG SA.

Table of Contents

1. Executive Summary

2. Unsaturated Polyester Resins Market Characteristics

3. Unsaturated Polyester Resins Market Trends And Strategies

4. Unsaturated Polyester Resins - Macro Economic Scenario
4.1 COVID-19 Impact On Unsaturated Polyester Resins Market
4.2 Ukraine-Russia War Impact On Unsaturated Polyester Resins Market
4.3 Impact Of High Inflation On Unsaturated Polyester Resins Market

5. Unsaturated Polyester Resins Market Size And Growth
5.1. Global Unsaturated Polyester Resins Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Unsaturated Polyester Resins Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Unsaturated Polyester Resins Market Segmentation
6.1. Global Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Orthophthalic Resins
  • Isophthalic Resins
  • Dicyclopentadiene
  • Others
6.2. Global Unsaturated Polyester Resins Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Liquid Form
  • Powder Form
6.3. Global Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Building And Construction
  • Automotive
  • Marine
  • Pipes, Ducts And Tanks
  • Wind Energy
  • Electrical And Electronics
  • Others
7. Unsaturated Polyester Resins Market Regional And Country Analysis
7.1. Global Unsaturated Polyester Resins Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
7.2. Global Unsaturated Polyester Resins Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

8. Asia-Pacific Unsaturated Polyester Resins Market
8.1. Asia-Pacific Unsaturated Polyester Resins Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
8.3. Asia-Pacific Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

9. China Unsaturated Polyester Resins Market
9.1. China Unsaturated Polyester Resins Market Overview
9.2. China Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion
9.3. China Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

10. India Unsaturated Polyester Resins Market
10.1. India Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
10.2. India Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

11. Japan Unsaturated Polyester Resins Market
11.1. Japan Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
11.2. Japan Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

12. Australia Unsaturated Polyester Resins Market
12.1. Australia Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
12.2. Australia Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

13. Indonesia Unsaturated Polyester Resins Market
13.1. Indonesia Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
13.2. Indonesia Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

14. South Korea Unsaturated Polyester Resins Market
14.1. South Korea Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
14.2. South Korea Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

15. Western Europe Unsaturated Polyester Resins Market
15.1. Western Europe Unsaturated Polyester Resins Market Overview
15.2. Western Europe Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
15.3. Western Europe Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

16. UK Unsaturated Polyester Resins Market
16.1. UK Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
16.2. UK Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

17. Germany Unsaturated Polyester Resins Market
17.1. Germany Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
17.2. Germany Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

18. France Unsaturated Polyester Resins Market
18.1. France Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
18.2. France Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

19. Eastern Europe Unsaturated Polyester Resins Market
19.1. Eastern Europe Unsaturated Polyester Resins Market Overview
19.2. Eastern Europe Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
19.3. Eastern Europe Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

20. Russia Unsaturated Polyester Resins Market
20.1. Russia Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
20.2. Russia Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

21. North America Unsaturated Polyester Resins Market
21.1. North America Unsaturated Polyester Resins Market Overview
21.2. North America Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
21.3. North America Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

22. USA Unsaturated Polyester Resins Market
22.1. USA Unsaturated Polyester Resins Market Overview
22.2. USA Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
22.3. USA Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

23. South America Unsaturated Polyester Resins Market
23.1. South America Unsaturated Polyester Resins Market Overview
23.2. South America Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
23.3. South America Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

24. Brazil Unsaturated Polyester Resins Market
24.1. Brazil Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
24.2. Brazil Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

25. Middle East Unsaturated Polyester Resins Market
25.1. Middle East Unsaturated Polyester Resins Market Overview
25.2. Middle East Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
25.3. Middle East Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

26. Africa Unsaturated Polyester Resins Market
26.1. Africa Unsaturated Polyester Resins Market Overview
26.2. Africa Unsaturated Polyester Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
26.3. Africa Unsaturated Polyester Resins Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

27. Unsaturated Polyester Resins Market Competitive Landscape And Company Profiles
27.1. Unsaturated Polyester Resins Market Competitive Landscape
27.2. Unsaturated Polyester Resins Market Company Profiles
27.2.1. Polynt Reichhold Group
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. INEOS Group
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. UPC Technology Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Ashland
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Koninklijke DSM N.V
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Unsaturated Polyester Resins Market

29. Unsaturated Polyester Resins Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Unsaturated Polyester Resins Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on unsaturated polyester resins market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for unsaturated polyester resins? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The unsaturated polyester resins market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered

1) By Type: Orthophthalic Resins; Isophthalic Resins; Dicyclopentadiene; Other Types
2) By Form: Liquid Form; Powder Form
3) By End User: Building And Construction; Automotive; Marine; Pipes, Ducts And Tanks; Wind Energy; Electrical And Electronics; Other End-Users

Companies Mentioned: Polynt Reichhold Group; INEOS Group; UPC Technology Corporation; Ashland; Koninklijke DSM N.V

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Polynt Reichhold Group
  • INEOS Group
  • UPC Technology Corporation
  • Ashland
  • Koninklijke DSM N.V
  • AOC
  • BASF SE
  • Eternal Materials Co. Ltd.
  • Interplastic Corporation
  • LERG SA
  • Qualipoly Chemical Corporation
  • Scott Bader Company Ltd.
  • SHOWA DENKO K.K.
  • Sino Polymer Co. Ltd.
  • Lanxess AG

Methodology

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