Market Size of Unsaturated Polyester Resin (UPR) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Unsaturated Polyester Resin (UPR) Market Analysis
The unsaturated polyester resin (UPR) market is expected to register a CAGR of less than 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The growing production of glass fiber-reinforced plastics (GRP) in Europe and the desirable properties of unsaturated polyester resins are expected to fuel market expansion over the projection period.
- However, a decline in the automotive industry is expected to hinder the market growth.
- Advancements in hydro and ice-phobic property induction methodologies of UPR are the key market opportunity expected to drive the market in the coming years.
- The Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period due to increasing consumption from countries such as China, India, and Japan.
