| 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 |