India Unsaturated Polyester Resin Market (2025-2031) Outlook | Trends, Value, Revenue, Forecast, Growth, Industry, Share, Analysis, Size & Companies

India Unsaturated Polyester Resin Market Import Shipment Trend (2020-2024)

The India unsaturated polyester resin market import shipments displayed a robust CAGR from 2020 to 2024 at 14.9%, indicating significant expansion over the period. However, there was a slight slowdown in growth between 2023 and 2024, with a negative growth rate of -0.5%. Overall, the market demonstrated strong momentum despite a minor dip in the final year.

India Unsaturated Polyester Resin Market Synopsis

The unsaturated polyester resin market size in India was pegged at over INR 5000 crores as per industry estimates for 2025 with a compound annual growth rate ranging between 6%-8%. This is due to the growing construction activities across residential & commercial sectors along with increasing demand from end user industries such as marine, wind energy, etc.

Market Drivers of the market

The India unsaturated polyester resin market is driven by several factors that contribute to its growth. One of the key drivers is the extensive usage of unsaturated polyester resins in various industries, including construction, automotive, marine, and electrical, due to their versatile properties and applications. The demand for composite materials, where unsaturated polyester resins are used as a matrix material, is growing in these industries, supporting the market`s expansion. Moreover, the increasing adoption of lightweight and high-performance materials in automotive and aerospace applications drives the demand for unsaturated polyester resins. Additionally, the construction industry`s growth and the need for durable and corrosion-resistant materials in infrastructure projects further fuel market demand. Furthermore, the rise of renewable energy projects and the use of unsaturated polyester resins in wind turbine blades contribute to the market`s growth in India.

Challenges of the Market

The India unsaturated polyester resin market faces certain challenges that impact its growth and usage in various industries. One of the key challenges is the competition from alternative resins, such as epoxy and vinyl ester resins, which offer specific performance advantages in certain applications. Unssaturated polyester resin manufacturers need to emphasize the unique properties of their products, such as ease of handling, versatility, and cost-effectiveness, to remain competitive. Moreover, the market may encounter challenges related to the increasing adoption of sustainable and bio-based resins, driven by environmental considerations. Developing eco-friendly formulations and promoting the recyclability of unsaturated polyester resins can help address these challenges and align with the market`s sustainability goals. Additionally, the market`s growth may be influenced by the availability and cost of raw materials, including styrene and various glycols, which are essential components of unsaturated polyester resin formulations. Ensuring a stable supply chain and exploring alternative raw materials can mitigate the impact of raw material challenges. Furthermore, the market faces the challenge of addressing regulatory requirements and quality standards to ensure product safety and performance in diverse applications. Complying with industry standards and promoting the benefits of unsaturated polyester resins as reliable and high-performance materials can support market growth in India.

Covid-19 Impact on the Market

The COVID-19 pandemic had a significant impact on the India unsaturated polyester resin market. The market experienced disruptions in manufacturing operations, supply chain logistics, and distribution networks due to lockdowns and restrictions imposed to contain the spread of the virus. The slowdown in construction and industrial activities during the pandemic led to reduced demand from sectors such as automotive, marine, and construction, which are major consumers of unsaturated polyester resin. Moreover, fluctuations in raw material prices and currency exchange rates posed challenges for manufacturers in managing costs. On the other hand, the increased demand for hygiene products and medical equipment during the pandemic boosted the consumption of unsaturated polyester resin in applications like healthcare and PPE manufacturing. Additionally, the gradual recovery of construction and infrastructure projects post-pandemic is expected to drive market growth. Despite the challenges, the versatility of unsaturated polyester resin in various end-use industries may position it for recovery and growth as the India economy rebounds from the impact of the pandemic.

Key Players of the Market

The India unsaturated polyester resin market is characterized by several key players that supply high-quality resins for various composite applications. Companies such as AOC India Pvt. Ltd., Poliya Composites India Pvt. Ltd., and Ashland India Private Limited are among the prominent players in this segment. These companies offer a comprehensive range of unsaturated polyester resins, including orthophthalic, isophthalic, and specialty grades, catering to industries like construction, marine, and automotive. Their unsaturated polyester resins are known for their exceptional mechanical properties, corrosion resistance, and versatility in manufacturing composite materials. Moreover, the key players actively engage in research and development to introduce innovative resin formulations that align with the growing demand for sustainable and bio-based solutions. They also maintain strong technical support and collaboration with their customers to provide application-specific resin solutions. By consistently delivering high-quality and innovative resins, these key players continue to drive the growth and competitiveness of the unsaturated polyester resin market in India.

Key Highlights of the Report:

• India Unsaturated Polyester Resin Market Outlook
• Market Size of India Unsaturated Polyester Resin Market, 2024
• Forecast of India Unsaturated Polyester Resin Market, 2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Revenues & Volume for the Period 2021-2031
• India Unsaturated Polyester Resin Market Trend Evolution
• India Unsaturated Polyester Resin Market Drivers and Challenges
• India Unsaturated Polyester Resin Price Trends
• India Unsaturated Polyester Resin Porter's Five Forces
• India Unsaturated Polyester Resin Industry Life Cycle
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Orthophthalic for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Isophthalic for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Dicyclopentadiene (DCPD) for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Building & Construction for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Marine for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Pipes & Tanks for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Electrical & Electronics for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Land Transportation for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Wind Energy for the Period 2021-2031
• Historical Data and Forecast of India Unsaturated Polyester Resin Market Revenues & Volume By Others for the Period 2021-2031
• India Unsaturated Polyester Resin Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Unsaturated Polyester Resin Top Companies Market Share
• India Unsaturated Polyester Resin Competitive Benchmarking By Technical and Operational Parameters
• India Unsaturated Polyester Resin Company Profiles
• India Unsaturated Polyester Resin Key Strategic Recommendations