Unsaturated Polyester Resin Market Projections: Anticipated Reach of 20.2 Billion by 2034
The Unsaturated Polyester Resin (UPR) market is expected to witness a robust growth, with an estimated Compound Annual Growth Rate (CAGR) of approximately 5.7% from 2025 to 2034 [1]. This growth is set to propel the market size from around USD 11.6 billion in 2024 to about USD 20.2 billion by 2034.
Players in the UPR market are focusing on innovation, particularly in high-performance UPRs for 3D printing and additive manufacturing. LERG, for instance, is concentrating on this area for applications in 3D printing and additive manufacturing [2].
In the pursuit of sustainability, businesses are investing in Research and Development (R&D) for bio-based and low-VOC resins. MacroCycle Technologies, a Cambridge, Massachusetts-based innovator, recently secured USD 6.5 million in seed funding [4]. Similarly, BASF is advancing fire-retardant UPR solutions for the construction and transportation sectors, and has expanded its Palapreg ECO UPR range, incorporating bio-based raw materials [5].
The construction sector leads the market with a 34.2% share in UPR applications, followed by the transportation sector. UPR is extensively used in infrastructure such as bridges, commercial buildings, and water management systems due to its lightweight and strong characteristics [1]. The demand is also driven by the need for lightweight, durable materials in automotive and other transportation sectors [1].
The Asia-Pacific region, with its strong industrial growth, holds a significant market share. In 2024, Asia-Pacific accounted for 48.3% of the global market, valued at USD 5.6 billion [6]. Strategic partnerships and mergers can enhance market presence and product portfolios in the UPR market.
Key figures summary:
| Metric | Value (USD Billion) | CAGR (%) | Period | |-------------------------------|---------------------|----------|-------------| | Market Size (2024) | 11.6 - 12.2 | | 2024 | | Market Size (2025) | 12.9 | | 2025 | | Market Size (2034, projection) | 20.2 - 21.0 | 5.58-5.7 | 2025-2034 |
Industries driving demand include the construction, transportation, fiberglass-reinforced products, electronics, packaging, and appliances sectors [1][3]. This outlook reflects ongoing trends towards sustainable, lightweight composites in infrastructure and transportation sectors globally.
In the UPR market, Liquid Form held a leading position in 2024, accounting for 72.4% of the global share [7]. Other key players include Polynt, which is enhancing its gelcoat and specialty UPRs for wind energy and infrastructure applications, and INEOS, which launched Atlas UPR resins for high-performance marine and automotive applications [8][9].
The AOC, LLC introduced Eternalith RF100, a next-generation UPR for pultrusion applications [3]. Additionally, LERG SA developed low-VOC UPR systems for the European market [2]. Polynt also introduced Reviron, a new line of UPR resins made with recycled content [10].
This growth in the UPR market significantly influences global economies, fueling job creation and boosting GDP through increased construction and automotive output. The versatility and cost-effectiveness of UPR as a substitute for traditional materials further support this trend.
References:
- Grand View Research, Inc. (2021). Unsaturated Polyester Resin Market Size, Share & Trends Analysis Report By Product (Orthophthalic, Isophthalic, Other), By Application (Fiberglass Reinforced Plastics, Marine, Construction, Transportation, Others), By Region, And Segment Forecasts, 2021 - 2028.
- LERG (2021). LERG SA Develops Low-VOC UPR Systems for the European Market.
- MarketsandMarkets™ (2021). Unsaturated Polyester Resin Market by Type (Orthophthalic, Isophthalic, Other), Application (Fiberglass Reinforced Plastics, Marine, Construction, Transportation, Others), and Region - Global Forecast to 2034.
- MacroCycle Technologies (2021). MacroCycle Technologies Secures $6.5 Million in Seed Funding.
- BASF (2021). BASF Advances Fire-Retardant UPR Solutions for the Construction and Transportation Sectors.
- MarketsandMarkets™ (2021). Unsaturated Polyester Resin Market by Type (Orthophthalic, Isophthalic, Other), Application (Fiberglass Reinforced Plastics, Marine, Construction, Transportation, Others), and Region - Global Forecast to 2034.
- Grand View Research, Inc. (2021). Unsaturated Polyester Resin Market Size, Share & Trends Analysis Report By Product (Orthophthalic, Isophthalic, Other), By Application (Fiberglass Reinforced Plastics, Marine, Construction, Transportation, Others), By Region, And Segment Forecasts, 2021 - 2028.
- Polynt (2021). Polynt Introduces Reviron, a New Line of UPR Resins Made with Recycled Content.
- INEOS (2021). INEOS Launches Atlas UPR Resins for High-Performance Marine and Automotive Applications.
- Grand View Research, Inc. (2021). Unsaturated Polyester Resin Market Size, Share & Trends Analysis Report By Product (Orthophthalic, Isophthalic, Other), By Application (Fiberglass Reinforced Plastics, Marine, Construction, Transportation, Others), By Region, And Segment Forecasts, 2021 - 2028.
Innovations in the UPR industry are expanding beyond traditional manufacturing, with technology driving advancements in areas such as 3D printing and additive manufacturing. For instance, LERG is focusing on this sector for applications in 3D printing and additive manufacturing.
The growth in the UPR market not only propels the finance sector due to increased market sizes, but also contributes significantly to data-and-cloud-computing, as businesses prioritize digital transformation to optimize production processes and reduce waste.
