Industry: Chemical & Material
Published Date: 2025-09-08
Pages: 126 Pages
Report ld: 4949036
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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 market for FRP Unsaturated Polyester Resin was estimated to be worth 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.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on FRP Unsaturated Polyester Resin cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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.
This report aims to provide a comprehensive presentation of the global market for FRP Unsaturated Polyester Resin, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of FRP Unsaturated Polyester Resin by region & country, by Type, and by Application.
The FRP Unsaturated Polyester Resin market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding FRP Unsaturated Polyester Resin.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of FRP Unsaturated Polyester Resin manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of FRP Unsaturated Polyester Resin in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of FRP Unsaturated Polyester Resin in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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:
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TABLE OF CONTENTS
1 Market Overview
1.1 FRP Unsaturated Polyester Resin Product Introduction
1.2 Global FRP Unsaturated Polyester Resin Market Size Forecast
1.2.1 Global FRP Unsaturated Polyester Resin Sales Value (2020-2031)
1.2.2 Global FRP Unsaturated Polyester Resin Sales Volume (2020-2031)
1.2.3 Global FRP Unsaturated Polyester Resin Sales Price (2020-2031)
1.3 FRP Unsaturated Polyester Resin Market Trends & Drivers
1.3.1 FRP Unsaturated Polyester Resin Industry Trends
1.3.2 FRP Unsaturated Polyester Resin Market Drivers & Opportunity
1.3.3 FRP Unsaturated Polyester Resin Market Challenges
1.3.4 FRP Unsaturated Polyester Resin Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global FRP Unsaturated Polyester Resin Players Revenue Ranking (2024)
2.2 Global FRP Unsaturated Polyester Resin Revenue by Company (2020-2025)
2.3 Global FRP Unsaturated Polyester Resin Players Sales Volume Ranking (2024)
2.4 Global FRP Unsaturated Polyester Resin Sales Volume by Company Players (2020-2025)
2.5 Global FRP Unsaturated Polyester Resin Average Price by Company (2020-2025)
2.6 Key Manufacturers FRP Unsaturated Polyester Resin Manufacturing Base and Headquarters
2.7 Key Manufacturers FRP Unsaturated Polyester Resin Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of FRP Unsaturated Polyester Resin
2.9 FRP Unsaturated Polyester Resin Market Competitive Analysis
2.9.1 FRP Unsaturated Polyester Resin Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by FRP Unsaturated Polyester Resin Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in FRP Unsaturated Polyester Resin as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Orthophthalic
3.1.2 Isophthalic
3.1.3 Dicyclopentadiene (DCPD)
3.1.4 Others
3.2 Global FRP Unsaturated Polyester Resin Sales Value by Type
3.2.1 Global FRP Unsaturated Polyester Resin Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global FRP Unsaturated Polyester Resin Sales Value, by Type (2020-2031)
3.2.3 Global FRP Unsaturated Polyester Resin Sales Value, by Type (%) (2020-2031)
3.3 Global FRP Unsaturated Polyester Resin Sales Volume by Type
3.3.1 Global FRP Unsaturated Polyester Resin Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global FRP Unsaturated Polyester Resin Sales Volume, by Type (2020-2031)
3.3.3 Global FRP Unsaturated Polyester Resin Sales Volume, by Type (%) (2020-2031)
3.4 Global FRP Unsaturated Polyester Resin Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Construction Industry
4.1.2 Automotive Industry
4.1.3 Shipbuilding Industry
4.1.4 Others
4.2 Global FRP Unsaturated Polyester Resin Sales Value by Application
4.2.1 Global FRP Unsaturated Polyester Resin Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global FRP Unsaturated Polyester Resin Sales Value, by Application (2020-2031)
4.2.3 Global FRP Unsaturated Polyester Resin Sales Value, by Application (%) (2020-2031)
4.3 Global FRP Unsaturated Polyester Resin Sales Volume by Application
4.3.1 Global FRP Unsaturated Polyester Resin Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global FRP Unsaturated Polyester Resin Sales Volume, by Application (2020-2031)
4.3.3 Global FRP Unsaturated Polyester Resin Sales Volume, by Application (%) (2020-2031)
4.4 Global FRP Unsaturated Polyester Resin Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global FRP Unsaturated Polyester Resin Sales Value by Region
5.1.1 Global FRP Unsaturated Polyester Resin Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global FRP Unsaturated Polyester Resin Sales Value by Region (2020-2025)
5.1.3 Global FRP Unsaturated Polyester Resin Sales Value by Region (2026-2031)
5.1.4 Global FRP Unsaturated Polyester Resin Sales Value by Region (%), (2020-2031)
5.2 Global FRP Unsaturated Polyester Resin Sales Volume by Region
5.2.1 Global FRP Unsaturated Polyester Resin Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global FRP Unsaturated Polyester Resin Sales Volume by Region (2020-2025)
5.2.3 Global FRP Unsaturated Polyester Resin Sales Volume by Region (2026-2031)
5.2.4 Global FRP Unsaturated Polyester Resin Sales Volume by Region (%), (2020-2031)
5.3 Global FRP Unsaturated Polyester Resin Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America FRP Unsaturated Polyester Resin Sales Value, 2020-2031
5.4.2 North America FRP Unsaturated Polyester Resin Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe FRP Unsaturated Polyester Resin Sales Value, 2020-2031
5.5.2 Europe FRP Unsaturated Polyester Resin Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific FRP Unsaturated Polyester Resin Sales Value, 2020-2031
5.6.2 Asia Pacific FRP Unsaturated Polyester Resin Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America FRP Unsaturated Polyester Resin Sales Value, 2020-2031
5.7.2 South America FRP Unsaturated Polyester Resin Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa FRP Unsaturated Polyester Resin Sales Value, 2020-2031
5.8.2 Middle East & Africa FRP Unsaturated Polyester Resin Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions FRP Unsaturated Polyester Resin Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions FRP Unsaturated Polyester Resin Sales Value and Sales Volume
6.2.1 Key Countries/Regions FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.2.2 Key Countries/Regions FRP Unsaturated Polyester Resin Sales Volume, 2020-2031
6.3 United States
6.3.1 United States FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.3.2 United States FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.3.3 United States FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.4.2 Europe FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.5.2 China FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.5.3 China FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.6.2 Japan FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.7.2 South Korea FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.8.2 Southeast Asia FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India FRP Unsaturated Polyester Resin Sales Value, 2020-2031
6.9.2 India FRP Unsaturated Polyester Resin Sales Value by Type (%), 2024 VS 2031
6.9.3 India FRP Unsaturated Polyester Resin Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Ashland
7.1.1 Ashland Company Information
7.1.2 Ashland Introduction and Business Overview
7.1.3 Ashland FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Ashland FRP Unsaturated Polyester Resin Product Offerings
7.1.5 Ashland Recent Development
7.2 BASF SF
7.2.1 BASF SF Company Information
7.2.2 BASF SF Introduction and Business Overview
7.2.3 BASF SF FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 BASF SF FRP Unsaturated Polyester Resin Product Offerings
7.2.5 BASF SF Recent Development
7.3 Polynt-Reichhold
7.3.1 Polynt-Reichhold Company Information
7.3.2 Polynt-Reichhold Introduction and Business Overview
7.3.3 Polynt-Reichhold FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Polynt-Reichhold FRP Unsaturated Polyester Resin Product Offerings
7.3.5 Polynt-Reichhold Recent Development
7.4 AOC
7.4.1 AOC Company Information
7.4.2 AOC Introduction and Business Overview
7.4.3 AOC FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 AOC FRP Unsaturated Polyester Resin Product Offerings
7.4.5 AOC Recent Development
7.5 U-Pica
7.5.1 U-Pica Company Information
7.5.2 U-Pica Introduction and Business Overview
7.5.3 U-Pica FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 U-Pica FRP Unsaturated Polyester Resin Product Offerings
7.5.5 U-Pica Recent Development
7.6 Japan Composite
7.6.1 Japan Composite Company Information
7.6.2 Japan Composite Introduction and Business Overview
7.6.3 Japan Composite FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Japan Composite FRP Unsaturated Polyester Resin Product Offerings
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 Introduction and Business Overview
7.7.3 Luxchem Polymer Industries FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Luxchem Polymer Industries FRP Unsaturated Polyester Resin Product Offerings
7.7.5 Luxchem Polymer Industries Recent Development
7.8 Tianhe Resin
7.8.1 Tianhe Resin Company Information
7.8.2 Tianhe Resin Introduction and Business Overview
7.8.3 Tianhe Resin FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Tianhe Resin FRP Unsaturated Polyester Resin Product Offerings
7.8.5 Tianhe Resin Recent Development
7.9 Changzhou Fangxin
7.9.1 Changzhou Fangxin Company Information
7.9.2 Changzhou Fangxin Introduction and Business Overview
7.9.3 Changzhou Fangxin FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Changzhou Fangxin FRP Unsaturated Polyester Resin Product Offerings
7.9.5 Changzhou Fangxin Recent Development
7.10 Zhaoqing Futian
7.10.1 Zhaoqing Futian Company Information
7.10.2 Zhaoqing Futian Introduction and Business Overview
7.10.3 Zhaoqing Futian FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Zhaoqing Futian FRP Unsaturated Polyester Resin Product Offerings
7.10.5 Zhaoqing Futian Recent Development
7.11 Jiangsu Fullmark
7.11.1 Jiangsu Fullmark Company Information
7.11.2 Jiangsu Fullmark Introduction and Business Overview
7.11.3 Jiangsu Fullmark FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Jiangsu Fullmark FRP Unsaturated Polyester Resin Product Offerings
7.11.5 Jiangsu Fullmark Recent Development
7.12 Changzhou Huari
7.12.1 Changzhou Huari Company Information
7.12.2 Changzhou Huari Introduction and Business Overview
7.12.3 Changzhou Huari FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Changzhou Huari FRP Unsaturated Polyester Resin Product Offerings
7.12.5 Changzhou Huari Recent Development
7.13 Zeyuan Chemical
7.13.1 Zeyuan Chemical Company Information
7.13.2 Zeyuan Chemical Introduction and Business Overview
7.13.3 Zeyuan Chemical FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Zeyuan Chemical FRP Unsaturated Polyester Resin Product Offerings
7.13.5 Zeyuan Chemical Recent Development
7.14 Guangdong Huaxun
7.14.1 Guangdong Huaxun Company Information
7.14.2 Guangdong Huaxun Introduction and Business Overview
7.14.3 Guangdong Huaxun FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Guangdong Huaxun FRP Unsaturated Polyester Resin Product Offerings
7.14.5 Guangdong Huaxun Recent Development
7.15 Yabang
7.15.1 Yabang Company Information
7.15.2 Yabang Introduction and Business Overview
7.15.3 Yabang FRP Unsaturated Polyester Resin Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Yabang FRP Unsaturated Polyester Resin Product Offerings
7.15.5 Yabang Recent Development
8 Industry Chain Analysis
8.1 FRP Unsaturated Polyester Resin Industrial Chain
8.2 FRP Unsaturated Polyester Resin Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 FRP Unsaturated Polyester Resin Sales Model
8.5.2 Sales Channel
8.5.3 FRP Unsaturated Polyester Resin Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 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
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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