Industry: Chemical & Material
Published Date: 2025-09-08
Pages: 96 Pages
Report ld: 4162982
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FRP Unsaturated Polyester Resin Market Size(US$)

CAGR 2025-2031
4.8%
Market Size,2031
USD 9,231
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global FRP Unsaturated Polyester Resin market size was US$ 6648 million in 2024 and is forecast to a readjusted size of US$ 9231 million by 2031 with a CAGR of 4.8% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on FRP Unsaturated Polyester Resin market competitiveness, regional economic performance, and supply chain configurations.
In 2024, the global production of unsaturated polyester resin for fiberglass will reach 3.69 million tons, with an average selling price of US$1800 per ton.FRP (Fiber Reinforced Plastic) unsaturated polyester resin refers to a resin system for composite materials, formed by curing with an unsaturated polyester resin matrix and reinforcing materials. It is one of the core raw materials for FRP (Fiber Reinforced Plastic, FRP). This type of resin undergoes polymerization with reactive diluents such as styrene due to double-bond crosslinking. Upon curing, it forms a three-dimensional network structure with excellent mechanical properties, corrosion resistance, electrical insulation, and processability. Based on performance and application, it can be divided into various types, including ortho-phthalate, iso-phthalate, bisphenol A, and vinyl ester-modified. These resins meet both general engineering requirements and specialized applications such as chemical resistance, heat resistance, and flame retardancy. Typical applications include transportation (automobiles, rail vehicles), construction and building materials (skylighting panels, pipelines, storage tanks), ships, wind turbine blades, electrical equipment housings, and consumer products.
Key upstream raw materials for unsaturated polyester resins for FRP include phthalic anhydride, isophthalic acid, and maleic anhydride, primarily supplied by large international chemical companies such as Lanxess, Stepan, Huntsman, and Mitsubishi Chemical, ensuring stable resin synthesis and scalable production. These resins are widely used in the composites industry, particularly in the wind power industry (including GE, TPI Composites, Vestas, and Siemens) for blade manufacturing, and in the pipeline industry (including Amiblu and Future Pipe) for the production of high-performance FRP pipes. Market demand continues to grow, with a trend toward expanding into high-performance applications.
The overall market for unsaturated polyester resins for fiberglass reinforced plastics (FRP) is currently maintaining steady growth, benefiting from sustained demand for FRP products in sectors such as infrastructure construction, transportation, clean energy, and chemical corrosion protection. Due to its combined advantages in performance, cost, and process adaptability, these resins maintain their largest share in the composite materials sector. Ortho-phthalic resins are the most widely used, while iso-phthalic resins, bisphenol A resins, and vinyl ester-modified resins are more widely used in niche markets requiring higher corrosion and heat resistance. With the expansion of emerging applications such as wind turbine blades, large storage tanks, rail transit, and marine engineering, market demand for mid- to high-end resins is gradually increasing, driving product mix upgrades and increasing industry concentration. Meanwhile, volatile raw material prices and stricter environmental regulations are putting pressure on small and medium-sized enterprises (SMEs), while large enterprises, leveraging their scale, technology, and customer base, are rapidly increasing their market share. Overall, the unsaturated polyester resin market for FRP is expected to maintain moderate growth over the next few years, with a gradual shift in focus from low-end, bulk products to high-performance, customized, and environmentally friendly resins.
The global FRP Unsaturated Polyester Resin market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of FRP Unsaturated Polyester Resin market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Isophthalic in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Automotive Industry in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the FRP Unsaturated Polyester Resin value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 FRP Unsaturated Polyester Resin Product Scope
1.2 FRP Unsaturated Polyester Resin by Type
1.2.1 Global FRP Unsaturated Polyester Resin Sales by Type (2020 & 2024 & 2031)
1.2.2 Orthophthalic
1.2.3 Isophthalic
1.2.4 Dicyclopentadiene (DCPD)
1.2.5 Others
1.3 FRP Unsaturated Polyester Resin by Application
1.3.1 Global FRP Unsaturated Polyester Resin Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Construction Industry
1.3.3 Automotive Industry
1.3.4 Shipbuilding Industry
1.3.5 Others
1.4 Global FRP Unsaturated Polyester Resin Market Estimates and Forecasts (2020-2031)
1.4.1 Global FRP Unsaturated Polyester Resin Market Size in Value Growth Rate (2020-2031)
1.4.2 Global FRP Unsaturated Polyester Resin Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global FRP Unsaturated Polyester Resin Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global FRP Unsaturated Polyester Resin Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global FRP Unsaturated Polyester Resin Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global FRP Unsaturated Polyester Resin Sales Market Share by Region (2020-2025)
2.2.2 Global FRP Unsaturated Polyester Resin Revenue Market Share by Region (2020-2025)
2.3 Global FRP Unsaturated Polyester Resin Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global FRP Unsaturated Polyester Resin Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global FRP Unsaturated Polyester Resin Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
2.4.2 Europe FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
2.4.3 Japan FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
2.4.4 Southeast Asia FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
2.4.5 India FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
2.4.6 China FRP Unsaturated Polyester Resin Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global FRP Unsaturated Polyester Resin Historic Market Review by Type (2020-2025)
3.1.1 Global FRP Unsaturated Polyester Resin Sales by Type (2020-2025)
3.1.2 Global FRP Unsaturated Polyester Resin Revenue by Type (2020-2025)
3.1.3 Global FRP Unsaturated Polyester Resin Price by Type (2020-2025)
3.2 Global FRP Unsaturated Polyester Resin Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global FRP Unsaturated Polyester Resin Sales Forecast by Type (2026-2031)
3.2.2 Global FRP Unsaturated Polyester Resin Revenue Forecast by Type (2026-2031)
3.2.3 Global FRP Unsaturated Polyester Resin Price Forecast by Type (2026-2031)
3.3 Different Types FRP Unsaturated Polyester Resin Representative Players
4 Global Market Size by Application
4.1 Global FRP Unsaturated Polyester Resin Historic Market Review by Application (2020-2025)
4.1.1 Global FRP Unsaturated Polyester Resin Sales by Application (2020-2025)
4.1.2 Global FRP Unsaturated Polyester Resin Revenue by Application (2020-2025)
4.1.3 Global FRP Unsaturated Polyester Resin Price by Application (2020-2025)
4.2 Global FRP Unsaturated Polyester Resin Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global FRP Unsaturated Polyester Resin Sales Forecast by Application (2026-2031)
4.2.2 Global FRP Unsaturated Polyester Resin Revenue Forecast by Application (2026-2031)
4.2.3 Global FRP Unsaturated Polyester Resin Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in FRP Unsaturated Polyester Resin Application
5 Competition Landscape by Players
5.1 Global FRP Unsaturated Polyester Resin Sales by Players (2020-2025)
5.2 Global Top FRP Unsaturated Polyester Resin Players by Revenue (2020-2025)
5.3 Global FRP Unsaturated Polyester Resin Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in FRP Unsaturated Polyester Resin as of 2024)
5.4 Global FRP Unsaturated Polyester Resin Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of FRP Unsaturated Polyester Resin, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of FRP Unsaturated Polyester Resin, Product Type & Application
5.7 Global Key Manufacturers of FRP Unsaturated Polyester Resin, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America FRP Unsaturated Polyester Resin Sales by Company
6.1.1.1 North America FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.1.1.2 North America FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.1.2 North America FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.1.3 North America FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.1.4 North America FRP Unsaturated Polyester Resin Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe FRP Unsaturated Polyester Resin Sales by Company
6.2.1.1 Europe FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.2.1.2 Europe FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.2.2 Europe FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.2.3 Europe FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.2.4 Europe FRP Unsaturated Polyester Resin Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 Japan Market: Players, Segments, Downstream and Major Customers
6.3.1 Japan FRP Unsaturated Polyester Resin Sales by Company
6.3.1.1 Japan FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.3.1.2 Japan FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.3.2 Japan FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.3.3 Japan FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.3.4 Japan FRP Unsaturated Polyester Resin Major Customer
6.3.5 Japan Market Trend and Opportunities
6.4 Southeast Asia Market: Players, Segments, Downstream and Major Customers
6.4.1 Southeast Asia FRP Unsaturated Polyester Resin Sales by Company
6.4.1.1 Southeast Asia FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.4.1.2 Southeast Asia FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.4.2 Southeast Asia FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.4.3 Southeast Asia FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.4.4 Southeast Asia FRP Unsaturated Polyester Resin Major Customer
6.4.5 Southeast Asia Market Trend and Opportunities
6.5 India Market: Players, Segments, Downstream and Major Customers
6.5.1 India FRP Unsaturated Polyester Resin Sales by Company
6.5.1.1 India FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.5.1.2 India FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.5.2 India FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.5.3 India FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.5.4 India FRP Unsaturated Polyester Resin Major Customer
6.5.5 India Market Trend and Opportunities
6.6 China Market: Players, Segments, Downstream and Major Customers
6.6.1 China FRP Unsaturated Polyester Resin Sales by Company
6.6.1.1 China FRP Unsaturated Polyester Resin Sales by Company (2020-2025)
6.6.1.2 China FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
6.6.2 China FRP Unsaturated Polyester Resin Sales Breakdown by Type (2020-2025)
6.6.3 China FRP Unsaturated Polyester Resin Sales Breakdown by Application (2020-2025)
6.6.4 China FRP Unsaturated Polyester Resin Major Customer
6.6.5 China Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Ashland
7.1.1 Ashland Company Information
7.1.2 Ashland Business Overview
7.1.3 Ashland FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Ashland FRP Unsaturated Polyester Resin Products Offered
7.1.5 Ashland Recent Development
7.2 BASF SF
7.2.1 BASF SF Company Information
7.2.2 BASF SF Business Overview
7.2.3 BASF SF FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.2.4 BASF SF FRP Unsaturated Polyester Resin Products Offered
7.2.5 BASF SF Recent Development
7.3 Polynt-Reichhold
7.3.1 Polynt-Reichhold Company Information
7.3.2 Polynt-Reichhold Business Overview
7.3.3 Polynt-Reichhold FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Polynt-Reichhold FRP Unsaturated Polyester Resin Products Offered
7.3.5 Polynt-Reichhold Recent Development
7.4 AOC
7.4.1 AOC Company Information
7.4.2 AOC Business Overview
7.4.3 AOC FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.4.4 AOC FRP Unsaturated Polyester Resin Products Offered
7.4.5 AOC Recent Development
7.5 U-Pica
7.5.1 U-Pica Company Information
7.5.2 U-Pica Business Overview
7.5.3 U-Pica FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.5.4 U-Pica FRP Unsaturated Polyester Resin Products Offered
7.5.5 U-Pica Recent Development
7.6 Japan Composite
7.6.1 Japan Composite Company Information
7.6.2 Japan Composite Business Overview
7.6.3 Japan Composite FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Japan Composite FRP Unsaturated Polyester Resin Products Offered
7.6.5 Japan Composite Recent Development
7.7 Luxchem Polymer Industries
7.7.1 Luxchem Polymer Industries Company Information
7.7.2 Luxchem Polymer Industries Business Overview
7.7.3 Luxchem Polymer Industries FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Luxchem Polymer Industries FRP Unsaturated Polyester Resin Products Offered
7.7.5 Luxchem Polymer Industries Recent Development
7.8 Tianhe Resin
7.8.1 Tianhe Resin Company Information
7.8.2 Tianhe Resin Business Overview
7.8.3 Tianhe Resin FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Tianhe Resin FRP Unsaturated Polyester Resin Products Offered
7.8.5 Tianhe Resin Recent Development
7.9 Changzhou Fangxin
7.9.1 Changzhou Fangxin Company Information
7.9.2 Changzhou Fangxin Business Overview
7.9.3 Changzhou Fangxin FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Changzhou Fangxin FRP Unsaturated Polyester Resin Products Offered
7.9.5 Changzhou Fangxin Recent Development
7.10 Zhaoqing Futian
7.10.1 Zhaoqing Futian Company Information
7.10.2 Zhaoqing Futian Business Overview
7.10.3 Zhaoqing Futian FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Zhaoqing Futian FRP Unsaturated Polyester Resin Products Offered
7.10.5 Zhaoqing Futian Recent Development
7.11 Jiangsu Fullmark
7.11.1 Jiangsu Fullmark Company Information
7.11.2 Jiangsu Fullmark Business Overview
7.11.3 Jiangsu Fullmark FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Jiangsu Fullmark FRP Unsaturated Polyester Resin Products Offered
7.11.5 Jiangsu Fullmark Recent Development
7.12 Changzhou Huari
7.12.1 Changzhou Huari Company Information
7.12.2 Changzhou Huari Business Overview
7.12.3 Changzhou Huari FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Changzhou Huari FRP Unsaturated Polyester Resin Products Offered
7.12.5 Changzhou Huari Recent Development
7.13 Zeyuan Chemical
7.13.1 Zeyuan Chemical Company Information
7.13.2 Zeyuan Chemical Business Overview
7.13.3 Zeyuan Chemical FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Zeyuan Chemical FRP Unsaturated Polyester Resin Products Offered
7.13.5 Zeyuan Chemical Recent Development
7.14 Guangdong Huaxun
7.14.1 Guangdong Huaxun Company Information
7.14.2 Guangdong Huaxun Business Overview
7.14.3 Guangdong Huaxun FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Guangdong Huaxun FRP Unsaturated Polyester Resin Products Offered
7.14.5 Guangdong Huaxun Recent Development
7.15 Yabang
7.15.1 Yabang Company Information
7.15.2 Yabang Business Overview
7.15.3 Yabang FRP Unsaturated Polyester Resin Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Yabang FRP Unsaturated Polyester Resin Products Offered
7.15.5 Yabang Recent Development
8 FRP Unsaturated Polyester Resin Manufacturing Cost Analysis
8.1 FRP Unsaturated Polyester Resin Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of FRP Unsaturated Polyester Resin
8.4 FRP Unsaturated Polyester Resin Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 FRP Unsaturated Polyester Resin Distributors List
9.3 FRP Unsaturated Polyester Resin Customers
10 FRP Unsaturated Polyester Resin Market Dynamics
10.1 FRP Unsaturated Polyester Resin Industry Trends
10.2 FRP Unsaturated Polyester Resin Market Drivers
10.3 FRP Unsaturated Polyester Resin Market Challenges
10.4 FRP Unsaturated Polyester Resin Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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