Unsaturated Polyester Resins Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

An unsaturated polyester resin is an essential polymer required for production of composite materials, including mainly glass fibre–reinforced plastics (FRP). FRP composites have a prominent application in various industries such as construction, land transport, and marine. Non-reinforced unsaturated polyester resins are used to manufacture solid-surfaced countertops, marbles, automotive repair putty and ?ller, gel coats, and few other items such as bowling balls and buttons.

The global unsaturated polyester resins market growth is primarily driven by factors such as increasing demand for composite demand owing to its light weight, superior durability, and low cost. Unsaturated polyester resins are extensively used in various industries to improve thermal, flexure composites mechanical, and morphological attributes. Unsaturated polyester resins are widely used in construction industry in water management systems such as tanks and pipes. Moreover, increasing flexibility and high corrosion resistance properties are expected to fuel growth of the global market during the forecast period (2016-2024). Unsaturated polyester resins also find application in building panels, concrete forming pans, concrete rebar, doors, shower stalls, electrical boxes, and floor grafting. Unsaturated polyester resins are also used in manufacturing recreational products such as sailboats, powerboats, personal watercraft, and kayaks. Increasing demand generated by the recreational industry in terms of enhancing consumer lifestyle is expected to elevate the demand for market over the forecast period. In addition, the unsaturated polyester resins are broadly used in automobile component manufacturing such as body panels due to its light weight property. However, stringent regulations laid down by DOE, EPA, and ANSI pertaining to product storage and product exposure is expected to be a major restraint for growth of the global unsaturated polyester resins market.

Global Unsaturated Polyester Resins: Market Taxonomy

By Product Type

On the basis of product type, the global market is classified into:

  • Orthophthalic Polyesters
  • Isophthalic Polyesters
  • Dicyclopentadiene (DCPD)
  • Others (Terephthalic Acid, Gelcoat Resins, etc.)

By End-User Industry

On the basis of end-user industry, the global market is segregated as:

  • Marine
  • Building Construction
  • Transportation
  • Electrical & Electronics
  • Power Generation
  • Oil & Gas
  • Others (Chemicals, Consumer Goods, etc.)

Among all the end-user industries, building & construction was the leading segment, both in terms of value and volume, in 2015. The segment is also projected to showcase highest growth rate over the forecast period, owing to the rapid growth of the building & construction industries in emerging economies such as China, Brazil, India, UAE, and Brazil, wherein substantial investments are being made in the infrastructure sector.

Among product types, the orthophthalic segment accounted for the highest share of the global unsaturated polyester resins market in 2015, owing to its extensive use in fibre reinforced plastics (FRP), which are extensively used in the automotive, aerospace, marine, and construction industries. However, the DCPD product type is expected to be the fastest growing segment in the foreseeable future.

Global Unsaturated Polyester Resins Market Outlook: Asia Pacific to be the growth engine for the market in the foreseeable future

Geographically, the global unsaturated polyester resins market is classified into North America, Europe, Asia Pacific and the rest of the World. In 2015, Asia Pacific was the largest consumer of unsaturated polyester resins industry, followed by North America and Europe. China was the largest consumer of market of unsaturated polyester resins, with more than 40% share of the total global consumption.

The key players identified in the global unsaturated polyester resins market are Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd., AOC Resins LLC, BASF SE, The Dow Chemical Company, Royal DSM, CCP Composites, Reichhold Inc., and SABIC. Other major players existing in the global unsaturated polyester market space are Scott Bader, U-Pica Technology Group, Polynt Composites, Showa Denko, and Lanxess Aktiengesellschaft among others. These industry players are currently focussed on expanding their global footprint by enhancing their production capacity by means of expansion, setting up a new manufacturing facility and strategic mergers & acquisitions.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.