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UNSATURATED POLYESTER RESINS MARKET ANALYSIS

Unsaturated Polyester Resins Market, By Product Type (Orthophthalic resin, Isophthalic resin, Dicyclopentadiene (DCPD), Others (Gelcoat resin, Terephthalic resin, & Chlorendic resin)), By End-Use Industry (Building & Construction, Tanks & Pipes, Electrical, Marine, Transport, Artificial Stones, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jun 2024
  • Code : CMI351
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Polymers and Resins

Regional Analysis

Unsaturated Polyester Resins Market Regional Insights

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North America has established itself as the dominant region in the global unsaturated polyester resins market with estimated market share of 35.4% in 2024. With a robust manufacturing industry across various end-use sectors such as construction, transportation, aerospace and defence, pipe and tank, marine and others, there has been huge demand for unsaturated polyester resins in the region. Most of the key manufacturers of the resins have their production facilities spread across the U.S. and Canada to cater to the strong domestic demand. Moreover, the region is an early adopter of advanced composite materials for both commercial and defence applications, and this boosts the use of unsaturated polyester resins.

Asia Pacific region is emerging as the fastest growing market for unsaturated polyester resins globally. With heavy investments towards infrastructural development, the construction industry especially in China and India has witnessed tremendous growth over the past decade. This has increased consumption of unsaturated polyester resins which are primarily used in manufacturing of bathware, roofing materials, pipes and various building components. The marine, transportation and wind energy industries in the Asia Pacific are increasingly relying on lightweight composite materials for improved performance and fuel efficiency. All these end-use sectors are boosting demand for unsaturated polyester resins in the region.

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