Unsaturated polyester resins market seen reaching $20.1 billion by 2030

The global unsaturated polyester resins market is projected to nearly double by 2030, driven by demand from building and construction and broader industrial uses. Asia-Pacific held about half of the market in 2020 and is expected to remain the fastest-growing region.

Why it matters: - The unsaturated polyester resins market is projected to grow from $11.0 billion in 2020 to $20.1 billion by 2030. - The forecast implies a 6.3% compound annual growth rate from 2021 to 2030. - The market outlook points to continued demand in building materials, tanks, pipes and other industrial applications.

What happened: - Allied Market Research published a report on the global unsaturated polyester resins market covering type, end-use industry and region. - The report estimates market growth across 2021-2030 and identifies key players, trends and future opportunities. - The report includes a sample PDF and a full summary report.

The details: - The report breaks the market into orthophthalic resin, isophthalic resin, dicyclopentadiene and other types. - It also segments demand across building and construction, tanks and pipes, electrical, marine, transport, artificial stones and other end uses. - Building and construction held more than 27.54% of the market in 2020. - Tanks and pipes is expected to post the fastest end-use CAGR at 7.0% from 2021 to 2030. - Orthophthalic resin held more than 39.04% of the market in 2020. - Isophthalic resin is projected to grow at the fastest type CAGR of 6.7% from 2021 to 2030. - Asia-Pacific accounted for about 50.50% of the global market in 2020. - Asia-Pacific is expected to remain the leading region and post the fastest regional CAGR of 6.7% during the forecast period. - Key companies in the report include BASF SE, Dow, AOC, INEOS Group, Polynt-Reichhold Group, LERG SA, Royal DSM, Tianhe Resin Co., Ltd., Scott Bader Company Ltd. and UPC Group. - The report says growth is supported by the building and construction sector and the properties of UPR. - The report says alternatives to UPR remain a market restraint. - The report says developing economies could create new opportunities. - Readers can also submit questions through the report's purchase enquiry page.

Between the lines: - Construction remains the anchor market, which suggests demand is tied to infrastructure, housing and industrial buildout rather than a single niche use. - Asia-Pacific's scale and growth outlook suggest the region will likely shape supplier strategy, capacity planning and competition. - The split between mature, high-share segments and faster-growing niches shows a market that is expanding while still concentrated in core applications.

What's next: - The market is expected to keep expanding through 2030 as construction and industrial applications drive volume. - The fastest growth is expected in tanks and pipes, isophthalic resin and Asia-Pacific. - The report's forecast implies that competitive positioning will depend on exposure to those higher-growth segments.