Saturated Polyester Resin Market Size, Share, Growth Report 2030

Saturated Polyester Resin Market

Saturated Polyester Resin Market (Solid Saturated Polyester Resin And Liquid Saturated Polyester Resin) For Coil & Can Coatings, Flexible Packaging, Industrial Paints, 2k Pu Coatings, Automotive Paints And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020-2028

Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-165 Published Date: Aug-2021 Status : Published

The global Saturated Polyester Resin Market accounted for USD 39.77 Billion in 2020 and is expected to reach USD 56.07 Billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028.

Saturated Polyester Resin Market

Global Saturated Polyester Resin Market Overview   

The global Saturated Polyester Resin Market accounted for USD 39.77 Billion in 2020 and is expected to reach USD 56.07 Billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028.    

Rapid industrialization and modernization witnessed across developing nations and escalating need for manufacturing eco-friendly products will propel the saturated polyester resin market growth within the near future. Besides, the growing preference for Bisphenol A free also as epoxy free coatings including escalating demand for saturated polyester resin from developing economies will lucratively leverage the saturated polyester resin market growth over the forthcoming years. High manufacturing costs of the merchandise as compared to other resin types, however, will impede the expansion of the saturated polyester resin market in the near future. Nevertheless, strict government legislations on VOC emissions resulting in large-scale acceptance of environment-friendly technologies substituting solvent-borne coatings will enhance the saturated polyester resin market demand, normalizing the impact of hindrances on the saturated polyester resin market expansion, reports the study.

Global Saturated Polyester Resin Market SizeRequest Free Sample

COVID-19 Impact Analysis:

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Resin industry has seen a small decrease in revenues in the short term. Because of the increasing infections and curbs, sales of Resin are likely to suffer across the globe. Owing to the pandemic, paints & coatings, adhesives, composites, and electronic encapsulation industries have been shut down across all economies, potentially reducing production and its usage. However, amid the pandemic, there has been a surge in product demand for applications such as paints and coating, and electronic encapsulation, which in turn, provides an opportunity post covid. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Growth Factors

The global saturated polyester resin market is expected to witness significant growth over the forecast period. Global industrial and consumer demand is expected to be the key factor for market growth over the next seven years. Various properties such as weather, humidity, and heat resistance along with the excellent finish provided by many coatings are expected to drive the market demand.

Report Scope:

 

Segment Analysis Preview

The main types available in the global saturated polyester resin market are solid saturated polyester resin and liquid saturated polyester resin. Among the two, the demand for the liquid saturated polyester resin is relatively higher and the trend is anticipated to remain so over the next few years. Some of the widespread applications of saturated polyester resin are coil & can coatings, flexible packaging, industrial paints, 2k Pu coatings, automotive paints, and other applications. 

Global Saturated Polyester Resin Market ShareRequest Free Sample

Regional Analysis Preview 

Geographically, Asia Pacific has been leading the worldwide saturated polyester resin market and is anticipated to continue on the dominant position in the years to come, states the market study. The elevated product consumption in plethora of industrial applications is the main factor behind the dominance of the APAC saturated polyester resin market. Countries such as India, Japan, and China are likely to be key regional revenue pockets over the coming years, subject to exponential growth of power coatings sector in these regions.

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Key Market Players & Competitive Landscape

Key participants profiled in the report include Nuplex Industries Ltd., Royal DSM N.V., Nippon Gohsei, Allnex Belgium SA/NV, Evonik Industries, Arkema S.A., Covestro AG, Stepan Company, Megara Resins, Hangzhou Sino French, Bayer Coatings and Hitachi Chemicals among others are some of the major players in the saturated polyester resin market.

The global Saturated Polyester Resin Market are segmented as follows:  

By Type

  • Solid saturated polyester resin
  • Liquid saturated polyester resin

By Application 

  • Coil & can coatings
  • Flexible packaging
  • Industrial paints
  • 2k Pu coatings
  • Automotive paints
  • Others

By Region

  • 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

Methodology

Free Analysis

FrequentlyAsked Questions

The global Saturated Polyester Resin Market was valued at USD 39.77 Billion in 2020.

The global Saturated Polyester Resin Market is expected to reach USD 56.07 Billion by 2028, growing at a CAGR of 4.3% between 2021 to 2028.

Global industrial and consumer demand is expected to be the key factor for the market growth over the next seven years. Various properties such as weather, humidity, and heat resistance along with excellent finish provided by many coatings are expected to drive the market demand

The Asia Pacific in 2020 ruled the Saturated Polyester Resin Market and was believed to be the highest income-generating area all over the globe.  

Key participants profiled in the report include Nuplex Industries Ltd., Royal DSM N.V., Nippon Gohsei, Allnex Belgium SA/NV, Evonik Industries, Arkema S.A., Covestro AG, Stepan Company, Megara Resins, Hangzhou Sino French, Bayer Coatings and Hitachi Chemicals among others are some of the major players in the saturated polyester resin market.

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