The Unsaturated Polyester Resins Market, estimated at USD 15.06 Bn in 2025, is expected to exhibit a CAGR of 7.4% and reach USD 24.84 Bn by 2032.
The market growth is driven by rising demand for innovative and efficient solutions, coupled with evolving consumer preferences and increasing adoption across diverse end-use sectors. Technological advancements, product innovations, and strategic investments are enhancing performance, improving cost efficiency, and expanding application scope. Additionally, supportive regulatory frameworks and sustainability-focused initiatives are further propelling market expansion, creating new opportunities for industry stakeholders.
Increased application of fiber reinforced plastics and growth of construction industry are expected to boost demand for unsaturated polyester resins. Fiber reinforced plastics are used in products ranging from building materials to automotive parts, owing to benefits such as high strength-to-weight ratio, corrosion resistance and durability. Increasing construction of commercial buildings, residential housing, and infrastructure can drive the market growth. Factors such as rapid urbanization and rising disposable income in developing economies are boosting construction activity globally. This is expected to boost consumption of unsaturated polyester resins for various building and construction applications over the forecast period.
Increasing Demand from Construction Industry
The construction industry has been witnessing growth over the past few years globally. Unsaturated polyester resins find major applications in the construction of buildings, infrastructure development and other construction activities. These are used in making fiberglass for constructing roofs, walls, pipes, and others. Unsaturated polyester resins provide strength, durability and corrosion resistance to fiberglass, making it suitable for various construction applications. With increasing investments in construction of residential and commercial buildings as well as infrastructure development projects, there has been huge demand for unsaturated polyester resins from the construction industry.
Growing Demand from Transportation Industry
Unsaturated polyester resins are extensively used in the transportation industry for manufacturing different components of automobiles, railways, marine vessels and aircrafts. These are used to manufacture fiber reinforced plastic parts of vehicles due to their thermal and chemical resistance properties. With rising vehicle production across the world coupled with increasing applications of fiber reinforced plastics in automotive manufacturing, there has been huge demand for unsaturated polyester resins from the transportation industry. Growing investments in developing rail and marine transportation infrastructure can boost consumption of unsaturated polyester resins.
Declining Crude Oil Prices
Unsaturated polyester resins are crude oil-based products and crude oil is the major raw material needed for their production. Persistent decline in crude oil prices over the past few years has negatively impacted the profitability of unsaturated polyester resins producers. Lower crude oil prices reduce the revenues and margins of producers. This can hamper the unsaturated polyester resins market growth. Volatility in crude oil prices poses risks and challenges for the market growth. Stabilization in oil prices is necessary for the sustained growth of the unsaturated polyester resins industry.