Lucintel Forecasts Unsaturated Polyester Resin Market to Reach $20.7 Billion by 2028

According to the recent study the unsaturated polyester resin market is projected to reach an estimated $20.7 billion by 2028 from $16.4 billion in 2022, at a CAGR of 3.9% from 2022 to 2028. Growth in this market is primarily driven by growing infrastructural investments and rehabilitation of old infrastructural projects and increasing need for lightweight products with ease of handling, transportation, and installation.
Browse 116 figures / charts and 156 tables in this 233 -page report to understand trends, opportunities and forecast in unsaturated polyester resin market by end use (transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, gelcoat, and others), product type (orthophthalic, isophthalic, DCPD, and others), manufacturing process (hand layup, spray-up, filament winding, compression molding, RTM/injection Molding, pultrusion, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Construction market is expected to remain the largest segment during the forecast period.”
Based on end use, the unsaturated polyester resin market is segmented into transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, gelcoat, and others. Lucintel forecasts that the construction market is expected to remain the largest segment due to increasing residential and commercial construction and growth in remolding activities.
“Within the unsaturated polyester resin market, the hand layup segment is expected to remain the largest manufacturing process”
Based on manufacturing process the hand layup segment is expected to witness the highest growth over the forecast period due to the most basic and versatile process among all the fabricating processes.
“Asia pacific will dominate the unsaturate