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The report "Unsaturated Polyester Resins Market by Type (Ortho phthalic, Isophthalic & DCPD), End-Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) & Region - Global Forecast to 2026" The Unsaturated polyester resin market size is projected to reach USD 12.9 billion by 2026. The global unsaturated polyester resins market size will grow to USD 12.9 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 6.1% during the 2021-2026 period. The driving factor for the UPR’s market is its economic price in comparison with other resins and high growth in end-use industries like Building & Construction and Wind energy.

Driver: High growth in Building & Construction, and Wind Energy industries

One of the most significant drivers impacting growth of the UPRs market is the growth of end-use industries. The ever-increasing need for better performance across all modern applications is driving the demand for UPRs. UPRs have varied advantages such as low price and fast curing time against conventionally used epoxy resin. Their usage during the manufacturing process improves energy efficiency and reduces costs by about 35% to 40%.

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Restraint: Greater acceptance of other similar resins

The acceptance of epoxy, vinyl ester, acrylic, and polyurethane resins is becoming a restraint for the growth of the UPRs market. Epoxy resins are used to manufacture adhesives, coatings, casting materials, and composites among others. They offer high strength, low shrinkage, and good adhesion similar to UPR. Vinyl ester is another variety of resin whose corrosion resistance, mechanical, and thermal properties are much better than that of UPRs.

Opportunity: Emerging economies and their future growth.

Emerging economies are investing in the infrastructural development and long-term construction projects which is the largest industry for UPR. China, India, Brazil, and countries in the Middle Eastern region are likely to increase their expenses in the infrastructure segment. The estimated overall growth rate of APAC in infrastructural segment is 11.2% in which 80% contribution will be from China, India, Japan, Australia, and South Korea.

Building and Construction is the largest end-use industry of unsaturated polyester resin (UPR).

Building & construction is the most crucial end-use segment for the UPRs market. In emerging economies, substantial investments are being made in the infrastructure sector, propelling the development of the construction industry. The rapid expansion of the sector in the growing countries is helping in the growth of UPR’s market. The increase in the domestic market, increasing income levels & spendings, and easily available resources at low price is making APAC region the highest contributor of building & construction segment.

Dicyclopentadiene (DCPD) is the fastest-growing resin segment of the Unsaturated polyester resin market.

DCPD resins have low VOC, which is the biggest reason for its increased demand. DCPD can be used as a primary base of a resin formulation or blend with orthophthalic or isophthalic resins to enhance properties. The major advantage of DCPD resins over orthophthalic resins is their lower shrinkage property, that offers superior smoothness with minimal or no visual print-through from reinforcing fibers. The increase awareness about the usage of DCPD will lead it to growth in near future.

APAC is the largest Unsaturated polyester resin (UPR) market globally.

APAC is projected to lead the unsaturated polyester resin (UPR) market and this dominance is expected to continue till 2026. The market in the region is witnessing high growth in Building & Construction, Transportation, Aerospace and Electrical & Electronics industry. The key markets in the region include China, India, South Korea, and Japan. India, China, and Indonesia are investing heavily in various end-use industries, which is likely to influence market growth.

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The key players profiled in the Unsaturated polyester resin market report are Polynt-Reichhold Group (US), INEOS Composites (UK), Royal DSM (The Netherlands), AOC (US), and BASF SE (Germany).

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