Understanding the Shifting Landscape of UPR Prices
The global market for unsaturated polyester resins (UPR) is experiencing notable fluctuations in pricing, influenced by various regional dynamics and global factors. Understanding these trends is crucial for stakeholders across industries such as construction, automotive, and marine. This article delves into the quarterly price trends of UPR in 2024, provides insights into the early indicators of 2025, and explores the factors driving these changes.
👉 👉 👉 Please Submit Your Query for Unsaturated Polyester Resin Price trends, forecast and market analysis: https://tinyurl.com/2wmppd7w
Unsaturated Polyester Resin Quarterly Price Trends in 2024
Q1 2024: Stabilization Amidst Volatility
The year began with a mix of price movements across regions. In Asia, particularly India, prices saw a slight decline due to increased supply and reduced demand from the construction sector. However, in the Middle East, prices experienced a rebound, driven by higher upstream crude oil prices and increased demand from the construction industry.
Q2 2024: Downward Pressure Intensifies
The second quarter witnessed a downward trend in prices across most regions. In Asia, particularly China, the market faced increased supply pressures and weakened downstream demand, leading to a significant drop in prices. Similarly, in Europe and North America, sluggish demand from end-user industries resulted in increased inventory levels and downward pressure on prices.
Q3 2024: Market Stabilization
By the third quarter, the market showed signs of stabilization. In Asia, particularly India, demand picked up slightly, leading to a stabilization of prices. In Europe and North America, manufacturers adjusted production rates to align with demand, helping to stabilize prices.
Q4 2024: End-of-Year Adjustments
The final quarter saw end-of-year adjustments in pricing. In Asia, particularly China, manufacturers reduced production rates in response to decreased demand, leading to a slight uptick in prices. In Europe and North America, inventory levels were adjusted, and manufacturers prepared for the upcoming year, resulting in stable pricing.
Q1 2025: Early Indicators of Recovery
As 2025 commenced, early indicators suggested a potential recovery in the UPR market. In Asia, particularly India, demand from the automotive and construction sectors began to pick up, leading to a slight increase in prices. In Europe and North America, manufacturers reported stable demand, and inventory levels were balanced, contributing to price stability.
Unsaturated Polyester Resin Compound Annual Growth Rate (CAGR)
The global UPR market is projected to grow at a compound annual growth rate (CAGR) of 4.81% from 2025 to 2033, reaching an estimated market size of USD 21.35 billion by 2033.
Unsaturated Polyester Resin Factors Influencing UPR Prices
Several factors contribute to the fluctuations in Unsaturated Polyester Resin prices:
- Raw Material Costs: The prices of key raw materials, such as maleic anhydride and styrene, significantly impact UPR production costs.
- Supply Chain Disruptions: Events like the COVID-19 pandemic and geopolitical tensions can disrupt supply chains, leading to price volatility.
- Demand Fluctuations: Changes in demand from end-user industries, such as construction and automotive, can influence UPR prices.
- Environmental Regulations: Stricter environmental regulations can lead to increased production costs, affecting UPR prices.
Unsaturated Polyester Resin Regional Market Dynamics
Asia-Pacific
Asia-Pacific remains the dominant region in the UPR market, accounting for over 58% of the global market share in 2024. Countries like China and India are major contributors to this growth due to rapid industrialization and infrastructure development.
North America
In North America, the UPR market is driven by the expansion in electronics, construction, and manufacturing sectors. The recovery of the region’s construction industry, particularly in nonresidential projects, is expected to benefit the UPR market.
Europe
Europe represents an important market for UPR, characterized by technological advancements and a strong emphasis on sustainability. The demand for UPR in Europe is primarily driven by the construction and marine industries, with a growing focus on environmentally friendly materials.
Top 10 UPR Suppliers
- Polynt S.p.A.: A leading global supplier of UPR, known for its extensive product portfolio and strong market presence.
- INEOS: A major player in the chemical industry, offering a wide range of UPR products for various applications.
- Covestro AG: Known for its innovative UPR solutions, catering to industries such as automotive and construction.
- BASF SE: A global chemical company providing high-quality UPR products with a focus on sustainability.
- Resonac Holdings Corporation: Offers a diverse range of UPR products, serving multiple end-use industries.
- Scott Bader Company Ltd.: A UK-based company known for its advanced UPR formulations and customer-centric approach.
- Allnex GmbH: Specializes in UPR products for coatings and composites, with a strong global presence.
- DIC Corporation: A Japanese company offering a wide range of UPR products for various industrial applications.
- UPC Technology Corporation: Provides UPR solutions with a focus on innovation and quality.
- Poliya: A Turkish company known for its high-performance UPR products catering to the construction and automotive sectors.
Navigating the Evolving UPR Market
The UPR market in 2025 is characterized by regional fluctuations and varying demand across industries. Stakeholders must stay informed about these trends to navigate the evolving market landscape effectively. By understanding the factors influencing UPR prices and monitoring market dynamics, businesses can make informed decisions to mitigate risks and capitalize on opportunities in this sector.
Also Read: Polyoxymethylene Price Trend: 2025 Market Insights, Demand, and Top Supplier Overview