Global Saturated Polyester Resin Market Introduction:
“The global Saturated Polyester Resin Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Saturated polyester resins are utilized to manufacture polyester coatings, which are alternatives to epoxy coatings. Terephthalic acid (TPA) and isophthalic acid (IPA) are carboxylic acids utilized in polyester coatings. Polyethylene terephthalate (PET) coatings are utilized to laminate packaging products including beverage cans.
Saturated polyester resins are combined with amino cross-linking resins for manufacturing a paint system, or it is mixed with the polyisocyanate to form two-component polyurethane system that is utilized as room-temperature-curing. In addition, these resins are utilized to make solvent-free powder coatings and paints. It offers various properties such as excellent impact strength, good weather resistivity, and adhesion to metals (under normal and humid conditions).
These saturated polyester resins are mainly used for interior and exterior architectural applications, domestic appliances, coating machinery, garden tools, and steel furniture.
Increasing demand for the saturated polyester resin across various end-use industries such as automotive and construction is key factor estimated to drive growth of the global market over the next few years. In addition, increasing application scope in powder coatings and coil & can coatings industries is another key factor estimated to support revenue growth of the target market over the next 10 years.
In addition, various features offered by saturated polyester resin such as resistant to heat and water, and humidity resistance, and others is another factor expected to fuel adoption of these resins, which in turn anticipated to drive growth of the global market over the forecast period. Moreover, saturated polyester resin has wide range of application in different industrial sectors, which in turn projected to drive growth of the global market in the next 10 years.
Asia Pacific saturated polyester resin market is estimated to account for major share in terms of revenue in the global saturated polyester resin market. In addition, Asia Pacific market is also projected to register fastest growth in terms of revenue over the next 10 years, owing to increasing demand from flexible packaging and industrial paints industries in the countries in this region. Moreover, increasing investments by various manufacturers in Asia Pacific region and rising demand from numerous end-use application industries are among other key factors anticipated to drive growth of the Asia Pacific market in the next few years.
The market in China is anticipated to account for major share in terms of revenue in the Asia Pacific market. Growing awareness regarding various properties offered by these materials among producers in the countries in this region are other factors expected to drive growth of various end-use application industries, which in turn is projected to support revenue growth of the global market in this region.
Global Saturated Polyester Resin Market Segmentation:
Segmentation by type:
- Liquid saturated polyester resin
- Solid saturated polyester resin
- Solid carboxyl-terminated saturated polyester resin
- Solid hydroxyl-terminated saturated polyester resin
Segmentation by application:
- Powder Coatings
- Industrial Paints
- Coil & Can Coatings
- Automotive Paints
- Flexible Packaging
- Other (Enamel Coatings and 2K PU Coatings)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- DSM Coating Resins B.V.
- Allnex Belgium SA/NV
- Arkema S.A.
- Nuplex Industries Limited
- Stepan Company
- Evonik Industries AG
- Nippon Gohsei (UK) Limited
- Covestro AG
- MEGARA RESINS
- Hitachi Chemical Company, Ltd.
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!