Nigeria Unsaturated Polyester Resins Market (2025-2031) Outlook | Size, Share, Companies, Forecast, Analysis, Value, Industry, Revenue, Growth & Trends
Market Forecast By Type (Ortho phthalic, Isophthalic & DCPD), By End Use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Artificial Stone, Wind Energy, Electrical & Electronics) And Competitive Landscape
| Product Code: ETC4504970 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Nigeria Unsaturated Polyester Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of unsaturated polyester resins to Nigeria in 2024 saw a significant shift in concentration, moving from a moderate to high concentration according to the Herfindahl-Hirschman Index (HHI). Top exporting countries to Nigeria included Taiwan, Turkey, UAE, Germany, and China. The industry experienced a negative compound annual growth rate (CAGR) of -12.25% from 2020 to 2024, with a steep decline in growth rate from 2023 to 2024 at -27.36%. This data suggests a challenging market environment for unsaturated polyester resins imports in Nigeria, with potential implications for market players and stakeholders.
Nigeria Unsaturated Polyester Resins Market Overview
Similar to the broader UPR market, the specific market for Unsaturated Polyester Resins in Nigeria is expanding, particularly in the construction and automotive sectors. The versatility of these resins in producing lightweight and high-strength composite materials makes them highly desirable. Additionally, the push towards sustainable and efficient building materials is further propelling the market, with innovations in resin formulations enhancing performance and environmental compliance.
Drivers of the market
The Nigeria Unsaturated Polyester Resin (UPR) market is experiencing robust growth attributed to the expanding construction, automotive, and marine industries in the country. Unsaturated polyester resins are widely used in various applications, including composites manufacturing, laminating, casting, and construction materials. The growing infrastructure development projects, increasing demand for lightweight and durable materials, and rising investments in the automotive and marine sectors are driving the demand for UPR in Nigeria. Additionally, technological advancements, such as the development of bio-based and sustainable UPR formulations, are further contributing to market expansion by addressing environmental concerns and enhancing product performance.
Challenges of the market
The unsaturated polyester resin market in Nigeria faces challenges such as fluctuating raw material prices, limited technological advancements, and competition from alternative resin materials. Additionally, issues related to environmental regulations and sustainability may impact market growth.
Government Policy of the market
Similar to the broader unsaturated polyester resin market, the focus is on enhancing local manufacturing and reducing import reliance. Government policies emphasize developing industrial parks, improving infrastructure, and providing financial incentives to attract foreign and local investments. Environmental regulations also promote the use of eco-friendly materials and production processes, aligning with global sustainability trends.
Key Highlights of the Report:
- Nigeria Unsaturated Polyester Resins Market Outlook
- Market Size of Nigeria Unsaturated Polyester Resins Market, 2024
- Forecast of Nigeria Unsaturated Polyester Resins Market, 2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Revenues & Volume for the Period 2021-2031
- Nigeria Unsaturated Polyester Resins Market Trend Evolution
- Nigeria Unsaturated Polyester Resins Market Drivers and Challenges
- Nigeria Unsaturated Polyester Resins Price Trends
- Nigeria Unsaturated Polyester Resins Porter's Five Forces
- Nigeria Unsaturated Polyester Resins Industry Life Cycle
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Ortho phthalic for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Isophthalic & DCPD for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By End Use Industry for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Building & Construction for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Marine for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Transportation for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Pipes & Tanks for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Artificial Stone for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Wind Energy for the Period 2021-2031
- Historical Data and Forecast of Nigeria Unsaturated Polyester Resins Market Revenues & Volume By Electrical & Electronics for the Period 2021-2031
- Nigeria Unsaturated Polyester Resins Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By End Use Industry
- Nigeria Unsaturated Polyester Resins Top Companies Market Share
- Nigeria Unsaturated Polyester Resins Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Unsaturated Polyester Resins Company Profiles
- Nigeria Unsaturated Polyester Resins Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Unsaturated Polyester Resins Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Unsaturated Polyester Resins Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Nigeria Unsaturated Polyester Resins Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Unsaturated Polyester Resins Market - Industry Life Cycle |
3.4 Nigeria Unsaturated Polyester Resins Market - Porter's Five Forces |
3.5 Nigeria Unsaturated Polyester Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Unsaturated Polyester Resins Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Nigeria Unsaturated Polyester Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Nigeria leading to increased demand for unsaturated polyester resins. |
4.2.2 Expansion of automotive sector in Nigeria driving the consumption of unsaturated polyester resins for manufacturing components. |
4.2.3 Government initiatives promoting industrial growth and investment in Nigeria, boosting the demand for unsaturated polyester resins. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of unsaturated polyester resins. |
4.3.2 Lack of awareness and adoption of advanced composite materials hindering market growth in Nigeria. |
4.3.3 Environmental regulations and sustainability concerns impacting the production and usage of unsaturated polyester resins. |
5 Nigeria Unsaturated Polyester Resins Market Trends |
6 Nigeria Unsaturated Polyester Resins Market, By Types |
6.1 Nigeria Unsaturated Polyester Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Ortho phthalic, 2021-2031F |
6.1.4 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Isophthalic & DCPD, 2021-2031F |
6.2 Nigeria Unsaturated Polyester Resins Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.3 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Marine, 2021-2031F |
6.2.4 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.5 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Pipes & Tanks, 2021-2031F |
6.2.6 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Artificial Stone, 2021-2031F |
6.2.7 Nigeria Unsaturated Polyester Resins Market Revenues & Volume, By Wind Energy, 2021-2031F |
7 Nigeria Unsaturated Polyester Resins Market Import-Export Trade Statistics |
7.1 Nigeria Unsaturated Polyester Resins Market Export to Major Countries |
7.2 Nigeria Unsaturated Polyester Resins Market Imports from Major Countries |
8 Nigeria Unsaturated Polyester Resins Market Key Performance Indicators |
8.1 Number of new construction projects using unsaturated polyester resins in Nigeria. |
8.2 Percentage increase in the use of unsaturated polyester resins in the automotive sector. |
8.3 Adoption rate of eco-friendly unsaturated polyester resins in manufacturing processes. |
9 Nigeria Unsaturated Polyester Resins Market - Opportunity Assessment |
9.1 Nigeria Unsaturated Polyester Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Unsaturated Polyester Resins Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Nigeria Unsaturated Polyester Resins Market - Competitive Landscape |
10.1 Nigeria Unsaturated Polyester Resins Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Unsaturated Polyester Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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