| Product Code: ETC5328442 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives saw a surge in unsaturated polyester resin imports in 2024, with top exporting countries being Italy, India, Sri Lanka, Turkey, and Malaysia. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI) indicating limited competition. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 86.04%, showcasing significant growth momentum. Furthermore, the growth rate from 2023 to 2024 soared by 1641.66%, indicating a rapid expansion in demand for unsaturated polyester resin in the Maldives market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Unsaturated Polyester Resin Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Unsaturated Polyester Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Unsaturated Polyester Resin Market - Industry Life Cycle |
3.4 Maldives Unsaturated Polyester Resin Market - Porter's Five Forces |
3.5 Maldives Unsaturated Polyester Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Unsaturated Polyester Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Unsaturated Polyester Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in the Maldives, leading to increased demand for unsaturated polyester resin for applications such as composites and coatings. |
4.2.2 Rising focus on sustainable and eco-friendly materials, driving the adoption of unsaturated polyester resin as it is considered more environmentally friendly compared to other resins. |
4.2.3 Increasing investments in infrastructure projects in the Maldives, creating opportunities for the use of unsaturated polyester resin in various construction applications. |
4.3 Market Restraints |
4.3.1 Dependency on imports for raw materials used in the production of unsaturated polyester resin, leading to vulnerability to fluctuations in international markets and potential supply chain disruptions. |
4.3.2 Limited awareness and knowledge about the benefits and applications of unsaturated polyester resin among local manufacturers and consumers, hindering market growth. |
4.3.3 High initial investment required for setting up manufacturing facilities for unsaturated polyester resin, acting as a barrier for new entrants in the market. |
5 Maldives Unsaturated Polyester Resin Market Trends |
6 Maldives Unsaturated Polyester Resin Market Segmentations |
6.1 Maldives Unsaturated Polyester Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Orthophthalic, 2021-2031F |
6.1.3 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Isophthalic, 2021-2031F |
6.1.4 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Dicyclopentadiene (DCPD), 2021-2031F |
6.2 Maldives Unsaturated Polyester Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.3 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Marine, 2021-2031F |
6.2.4 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Pipes & Tanks, 2021-2031F |
6.2.5 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.6 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Land Transportation, 2021-2031F |
6.2.7 Maldives Unsaturated Polyester Resin Market Revenues & Volume, By Wind Energy, 2021-2031F |
7 Maldives Unsaturated Polyester Resin Market Import-Export Trade Statistics |
7.1 Maldives Unsaturated Polyester Resin Market Export to Major Countries |
7.2 Maldives Unsaturated Polyester Resin Market Imports from Major Countries |
8 Maldives Unsaturated Polyester Resin Market Key Performance Indicators |
8.1 Percentage growth in the number of construction projects utilizing unsaturated polyester resin as a key material. |
8.2 Adoption rate of unsaturated polyester resin in new applications or industries within the Maldives. |
8.3 Investment inflow into research and development for enhancing the quality and performance of unsaturated polyester resin products. |
9 Maldives Unsaturated Polyester Resin Market - Opportunity Assessment |
9.1 Maldives Unsaturated Polyester Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Unsaturated Polyester Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Unsaturated Polyester Resin Market - Competitive Landscape |
10.1 Maldives Unsaturated Polyester Resin Market Revenue Share, By Companies, 2024 |
10.2 Maldives Unsaturated Polyester Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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