Polyester Coatings Market By Application (Automotive, Infrastructure, Industrial Coatings and Packaging, Construction, OEM Coatings, and Aviation), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 13-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 120 Report Code: ZMR-431 Status : Published

The polyester coating market accounted for USD 14,250 Million in 2020 and is expected to reach USD 19,804 Million by 2028, growing at a CAGR of 4.2% during the forecast period 2021 to 2028.

Description

Market Overview

The polyester coating market accounted for USD 14,250 Million in 2020 and is expected to reach USD 19,804 Million by 2028, growing at a CAGR of 4.2% during the forecast period 2021 to 2028.

Polyester coatings become increasingly popular in recent years owing to their low cost, flexibility, and general acceptance. This can be customised with additives to meet the needs of any end-use application. Polyester coatings have been a favourite of the building and construction industry due to their high flexibility, chemical resistance, toughness, and high strength. Polyester coatings are used in a variety of industries, including automotive, OEM coatings, aviation, industrial coatings, aviation, and packaging.

The report represents a historic summary of the worldwide polyester coatings market complete with study into the prevalent trends, key growth drivers, and major restraints, and supported in-depth analysis. The report provides market projections for the forecast amount from 2021 to 2028.

COVID-19 Impact Analysis

Due to COVID-19, thanks to lockdown regulations and a deficient number of workers, the assembly in various industries has decreased, and therefore the supply of raw materials has been disrupted. Automotive and construction are one among the main applications of polyester coating. The COVID-19 pandemic has affected the sales of paints because the construction activities were halted. India’s second-largest paint company, Berger Paints, reported approximately a 6.5 percent fall in its consolidated net income to INR 1,032 million for the fourth quarter ended March 31, 2020. Also, the sales of automobiles have witnessed a decline and badly impacted the automotive coating producers. However, there is a rise within the home decorative coating segments because the people were confined to their homes thanks to lockdown.

Growth Factors

Construction industry possess a huge demand for the polyester coatings owing to the increasing construction activities and demand for the OEM coating.

People are choosing second home plans as investments because of the rise in their income. Thus, the increasing investments within the infrastructure are leading to the polyester coatings market growth. Constructions in not only residential but also commercial sectors. The rise in development and innovations within the industries are directly increasing the possibilities of the usage of polyester coatings.

The polyester coatings have properties like chemical, abrasion, and salt resistance which makes them an ideal material for coating. OEM coating is expected to elevate the polyester coating market owing to better efficiency over various other coating in excellent corrosion and chemical resistant properties.

Report Scope :

Application Segment Analysis

Based on application, the market is segmented into Automotive, Infrastructure, Industrial Coatings and Packaging, Construction, OEM Coatings, and Aviation. Among these applications we will discuss about only two.

Automotive coating is used in automobiles for both protection and decoration purposes. The demand for various colour & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market. The high growth is as attributed to new and innovative technologies are being developed by automotive coating producers. Technological developments is expected to support the automotive coating segment in the market.

Aviation coating market is projected to succeed at a CAGR 3.8% between 2020 and 2028. A coating may be a covering that is applied to the surface of an object, usually mentioned as a substrate. The aim of applying the coating could also be decorative, functional, or both. The aviation coatings market is essentially driven by increased demand for aerospace coatings from various end users, like commercial aviation, military aviation, and general aviation.

Region Segment Analysis

The polyester coatings market has been studied for five regions, namely North America, Europe, Asia-Pacific, Latin America, and therefore the Middle East & Africa.

Asia Pacific dominates the global polyester coatings market thanks to the high consumption of polyester coatings in China. With an aim of capitalizing on prevailing opportunities, several players have begun operations in China subsequently giving thrust to the already established polyester coatings market. Much of growth witnessed in Asia Pacific is ascribable to the expansion of construction and hybrid coatings industry within the region. Outbreak of COVID-19 is severely affected the worldwide industrial sector. Production and operation, infrastructural development activities, have bogged down globally aimed to limit the spread of coronavirus, which is further anticipated to impact the demand of commercial coatings. But, from 2021 to 2028, the Asia Pacific market is projected to expand significantly.

Besides this, Europe sales of polyester coatings have also declined thanks to enacted legislations. However, with players developing novel products to cohere with such regulations, in future the demand for polyester coatings is presumably to extend.

Key Market Players & Competitive Landscape

Despite the highly competitive seller environment of the global polyester coatings industry, companies including The Dow Chemical Company, Du Pont, Huntsman Corporation, AGC Chemicals, Momentive Chemicals, BASF SE, and 3M Company have solidified their positions as major players.

The Automotive Aftermarket Industry Market is segmented as follows:

By Application

  • Automotive
  • Infrastructure
  • Industrial Coatings and Packaging
  • Construction
  • OEM Coatings
  • Aviation

By Regions

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Component
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By End Use Industry
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Pulyester Coatings Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. Middle East & Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Pulyester Coatings Market – Component Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
    • 4.2. Software
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Service
      • 4.3.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Pulyester Coatings Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Marketing
      • 5.2.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Operations
      • 5.3.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Finance
      • 5.4.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Human Resource
      • 5.5.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Pulyester Coatings Market – End Use Industry Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End Use Industry, 2020 & 2028
    • 6.2. Manufacturing
      • 6.2.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Hospitality
      • 6.3.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. BFSI
      • 6.4.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Retail
      • 6.5.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. IT & Telecom
      • 6.6.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Others
      • 6.7.1. Market Size and Forecast, By Region, 2016 – 2028 (USD Million)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Pulyester Coatings Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Component, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Component, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Component, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End Use Industry, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Component, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End Use Industry, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, 2016 - 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.3. Europe Market Revenue, By Component, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Europe Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.6. Germany
        • 7.3.6.1. Germany Market Revenue, By Component, 2016 – 2028
        • 7.3.6.2. Germany Market Revenue, By Application, 2016 – 2028
        • 7.3.6.3. Germany Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.7. France
        • 7.3.7.1. France Market Revenue, By Component, 2016 – 2028
        • 7.3.7.2. France Market Revenue, By Application, 2016 – 2028
        • 7.3.7.3. France Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.8. U.K.
        • 7.3.8.1. U.K. Market Revenue, By Component, 2016 – 2028
        • 7.3.8.2. U.K. Market Revenue, By Application, 2016 – 2028
        • 7.3.8.3. U.K. Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.9. Italy
        • 7.3.9.1. Italy Market Revenue, By Component, 2016 – 2028
        • 7.3.9.2. Italy Market Revenue, By Application, 2016 – 2028
        • 7.3.9.3. Italy Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.10. Spain
        • 7.3.10.1. Spain Market Revenue, By Component, 2016 – 2028
        • 7.3.10.2. Spain Market Revenue, By Application, 2016 – 2028
        • 7.3.10.3. Spain Market Revenue, By End Use Industry, 2016 – 2028
      • 7.3.11. Rest of Europe
        • 7.3.11.1. Rest of Europe Market Revenue, By Component, 2016 – 2028
        • 7.3.11.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 7.3.11.3. Rest of Europe Market Revenue, By End Use Industry, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, 2016 - 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.3. Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.6. China
        • 7.4.6.1. China Market Revenue, By Component, 2016 – 2028
        • 7.4.6.2. China Market Revenue, By Application, 2016 – 2028
        • 7.4.6.3. China Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.7. Japan
        • 7.4.7.1. Japan Market Revenue, By Component, 2016 – 2028
        • 7.4.7.2. Japan Market Revenue, By Application, 2016 – 2028
        • 7.4.7.3. Japan Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.8. India
        • 7.4.8.1. India Market Revenue, By Component, 2016 – 2028
        • 7.4.8.2. India Market Revenue, By Application, 2016 – 2028
        • 7.4.8.3. India Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.9. South Korea
        • 7.4.9.1. South Korea Market Revenue, By Component, 2016 – 2028
        • 7.4.9.2. South Korea Market Revenue, By Application, 2016 – 2028
        • 7.4.9.3. South Korea Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.10. South-East Asia
        • 7.4.10.1. South-East Asia Market Revenue, By Component, 2016 – 2028
        • 7.4.10.2. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 7.4.10.3. South-East Asia Market Revenue, By End Use Industry, 2016 – 2028
      • 7.4.11. Rest of Asia Pacific
        • 7.4.11.1. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
        • 7.4.11.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 7.4.11.3. Rest of Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, 2016 - 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.3. Latin America Market Revenue, By Component, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Latin America Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.6. Brazil
        • 7.5.6.1. Brazil Market Revenue, By Component, 2016 – 2028
        • 7.5.6.2. Brazil Market Revenue, By Application, 2016 – 2028
        • 7.5.6.3. Brazil Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.7. Argentina
        • 7.5.7.1. Argentina Market Revenue, By Component, 2016 – 2028
        • 7.5.7.2. Argentina Market Revenue, By Application, 2016 – 2028
        • 7.5.7.3. Argentina Market Revenue, By End Use Industry, 2016 – 2028
      • 7.5.8. Rest of Latin America
        • 7.5.8.1. Rest of Latin America Market Revenue, By Component, 2016 – 2028
        • 7.5.8.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 7.5.8.3. Rest of Latin America Market Revenue, By End Use Industry, 2016 – 2028
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Market Revenue, 2016 - 2028 (USD Million)
      • 7.6.2. Middle East & Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.3. Middle East & Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.4. Middle East & Africa Market Revenue, By End Use Industry, 2016 – 2028
  • Chapter No. 8 Pulyester Coatings Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. Middle East & Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Pulyester Coatings Market: Company Market Share, 2019
      • 9.1.2. Global Pulyester Coatings Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Pulyester Coatings Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Pulyester Coatings Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Oracle Corporation
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. SAP SE
    • 10.3. SAS Institute, Inc.
    • 10.4. Capgemini
    • 10.5. CA Technulogies
    • 10.6. Workiva
    • 10.7. IBM Corporation
    • 10.8. Emtec
    • 10.9. The Hackett Group
    • 10.10. MicroStrategy, Inc.
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The Polyester Coatings market was valued at USD 14,250 Million in 2020.

The Polyester coatings market is expected to reach USD 19,804 Million by 2028, growing at a CAGR of 4.2 % from 2021 to 2028.

Factors driving the worldwide polyester coatings market is that the growth of the end-use industries like automotive, construction, and aerospace & defence worldwide. And polyester coatings do not emit volatile organic contents once they are dried off. Moreover, polyester coatings propose variety choice of colours, gloss levels, and special effects. Hence, these are few key factors which are driving market growth.

Asia pacific region held a substantial share of the polyester coatings market in 2020. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for polyester coating in developing economies such as China and India.

Companies such as 3M Company, BASF, PPG Industry, AGC Chemicals, DowDuPont, Huntsman, DowDuPont, AkzoNobel, ICA Group, IVM Group.
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