Unsaturated Polyester Resin Market to Hit $16,965.7 Million by 2027; Increasing Usage in Electronics & Electrical Applications to Accelerate Growth

The global unsaturated polyester resin (UPR) market size is projected to reach USD 16,965.7 million by 2027. UPR has several beneficial properties, such as durability, strength, flexibility, insulation, and corrosion resistance. Therefore, it is mainly used for electronics & electrical applications. Fortune Business Insights™ published this information in a new study, titled, “Unsaturated Polyester Resin Market Size, Share & COVID-19 Impact Analysis, By Type (Orthophthalic, Isophthalic, and DCPD), By Application (Building & Construction, Marine, Pipes & Tanks, Electrical & Electronics, Land Transportation, Wind Energy, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the market stood at USD 11,579.6 million in 2019. It is set to exhibit a CAGR of 5.9% during the forecast period between 2020 to 2027.

AOC Acquires a New Factory in the Czech Republic to Strengthen its Market Position

In December 2020, AOC, a producer of polyester and vinyl ester resins headquartered in Switzerland, announced the acquisition of a factory in Usti nad Labem, Czech Republic. The factory manufactures unsaturated polyester resins. The plant had previously operated as a joint venture between Spolchemie and Kaprain, two Czech companies. This would enable AOC to enhance its position in Germany and Central and Eastern Europe. It will soon start manufacturing resins from recycled PET.

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https://www.fortunebusinessinsights.com/unsaturated-polyester-resin-upr-market-104760

Increasing Population & Renovation Activities to Augment Growth

Unsaturated polyester resins are experiencing high demand nowadays because of the increasing initiatives by governments of developing countries to broaden their housing and infrastructure projects. At the same time, the surging renovation activities, coupled with the rising population, would accelerate the unsaturated polyester resins market growth in the near future. However, the temporary shutdown of production units on account of the COVID-19 pandemic may obstruct UPR market growth.

Key Players Focus on Acquisition Strategy to Gain a Competitive Edge

The global market contains a large number of manufactures, such as INEOS, BASF SE, Dow, Deltech, Royal DSM, and Reichold. Reichold is one of the leading providers of polyester resins for multiple applications, while Deltech offers various resins based on alkyd chemistry. Some of the others are focusing on the merger and acquisition strategy to expand their product lines and intensify competition.

Fortune Business Insights™ lists out the names of some of the renowned unsaturated polyester resin manufacturers operating in the global market. They are as follows:

• Reichold (U.S.)


• Royal DSM (Netherlands)


• Deltech (U.S.)


• Polynt (Italy)


• Dow (U.S.)


• BASF SE (Germany)


• INEOS (U.K.)


• U-PICA Company. Ltd. (Japan)


• UPC Technology Corporation (Taiwan)


• Scott Bader Company Ltd. (U.K.)


• Other Key Players

Further Report Findings-

• In 2019, Asia Pacific earned USD 6,606.2 million in terms of revenue and is expected to dominate in the forthcoming years. The high demand for UPR-based composite materials in institutional and household applications, especially in Japan, India, and China, would propel growth in this region.


• In Europe, the ongoing expansion of the automotive industry would boost growth. Besides, Germany is considered to be the major growth contributor on account of the surging production and sales of automobiles.


• Based on the application, the marine segment generated 8.84% and 9.19% in terms of the unsaturated polyester resin market share globally and China, respectively. It would grow substantially backed by the increasing application of UPR’s in fiberglass panels, boat deck, surfer boats, and interior & exterior parts.

The global market can be segmented in the following way: