Saturated polyester resins Market Size, Share, Analysis 2031
Saturated polyester resins Market Size, Share, Analysis 2031
Segments - Saturated Polyester Resins Market by Types (Liquid Saturated Polyester Resins and Solid Saturated Resins), Applications (Powder Coatings, Coil and Can Coatings, Automotive Paints, Packaging, Industrial Paints, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2023 -2031
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| Report ID :MC-4470
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| 218 Pages
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Report Description
Saturated Polyester Resins Market Outlook 2031:
The global saturated polyester resins market size was valued at USD 4.05 Billion in 2022 and is expected to reach USD 6.81 Billion by 2031 projected to expand at a CAGR of 5.94% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing demand from the packaging industry.
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. Additionally, 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.
Saturated Polyester Resins Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for consumer goods is expected to boost the saturated polyester resins market.
- Increasing demand for saturated polyester resin in the automotive sector is one of the major factors driving the market growth.
- Rapid industrialization and urbanization are key factors fueling the market growth.
- Increasing demand for saturated polyester resin in constructions is expected to boost the market.
- Growing awareness regarding various properties offered by these materials is driving the growth of the market.
- Environmental concerns can restrain the growth of the market.
- Penetration of waterborne coatings and various governmental norms & regulations is estimated to create lucrative opportunities for the market.
Scope of Saturated Polyester Resins Market Report
The report on the saturated polyester resins market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Saturated polyester resins Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Liquid Saturated Polyester Resins and Solid Saturated Resins) and Applications (Powder Coatings, Coil and Can Coatings, Automotive Paints, Packaging, Industrial Paints, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Covestro AG; Showa Denko Materials Co. Ltd; Evonik Industries AG; Arkema Group and CIECH SA. |
Saturated Polyester Resins Market Segment Insights
Liquid saturated polyester resins segment is expected to grow at a rapid pace
Based on types, the market is classified into liquid saturated polyester resins and solid saturated resins. The liquid saturated polyester resins segment is anticipated to account for a major market share due to use in various general industries such as steel, chemical, consumer goods, and fertilizer. Thus, the rapid expansion of the end-use industries is expected to influence the demand patterns in the emerging economies positively.
Powder coatings segment is anticipated to constitute a key market share
Base on applications, the saturated polyester resins market is categorized as powder coatings, coil and can coatings, automotive paints, packaging, industrial paints, and others. The powder coatings segment is owing to its superior properties, such as good weather resistivity, excellent impact strength, and adhesion to metals, saturated polyester resins are favored for exterior and interior architectural applications, coating machinery, domestic appliances, steel furniture, and garden tools.
Asia Pacific is anticipated to constitute a large market share
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period 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 is spurring the market growth.
Segments
The global saturated polyester resins market has been segmented on the basis ofTypes
- Liquid Saturated Polyester Resins
- Solid Saturated Resins
Applications
- Powder Coatings
- Coil and Can Coatings
- Automotive Paints
- Packaging
- Industrial Paints
- Other
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Showa Denko Materials Co., Ltd.
- Evonik Industries AG
- CIECH SA.
- Arkema Group
- Covestro AG.
Competitive Landscape
Key players competing in the saturated polyester resins market are Covestro AG; Showa Denko Materials Co. Ltd; Evonik Industries AG; Arkema Group; and CIECH SA.
According to World Paint & Coatings Industry Association (WPCIA), the worldwide sales volume of paints and coatings in 2019 was around USD 173 billion, fundamentally due to the rising construction industry and increasing utilization consumption expenditure. However, it declined in 2020 due to the COVID-19 impact in the major economies across the world. Qatar was the brilliant spot for the construction industry, with the robust launch of projects ahead of FIFA World Cup 2022.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Saturated polyester resins Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Saturated polyester resins Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Saturated polyester resins Market - Supply Chain
4.5. Global Saturated polyester resins Market Forecast
4.5.1. Saturated polyester resins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Saturated polyester resins Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Saturated polyester resins Market Absolute $ Opportunity
5. Global Saturated polyester resins Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Saturated polyester resins Market Size and Volume Forecast by Types
5.3.1. Liquid Saturated Polyester Resins
5.3.2. Solid Saturated Resins
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Saturated polyester resins Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Saturated polyester resins Market Size and Volume Forecast by Applications
6.3.1. Powder Coatings
6.3.2. Coil and Can Coatings
6.3.3. Automotive Paints
6.3.4. Packaging
6.3.5. Industrial Paints
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Saturated polyester resins Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Saturated polyester resins Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Saturated polyester resins Demand Share Forecast, 2019-2026
8. North America Saturated polyester resins Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Saturated polyester resins Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Saturated polyester resins Market Size and Volume Forecast by Types
8.4.1. Liquid Saturated Polyester Resins
8.4.2. Solid Saturated Resins
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Saturated polyester resins Market Size and Volume Forecast by Applications
8.7.1. Powder Coatings
8.7.2. Coil and Can Coatings
8.7.3. Automotive Paints
8.7.4. Packaging
8.7.5. Industrial Paints
8.7.6. Other
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Saturated polyester resins Demand Share Forecast, 2019-2026
9. Latin America Saturated polyester resins Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Saturated polyester resins Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Saturated polyester resins Market Size and Volume Forecast by Types
9.4.1. Liquid Saturated Polyester Resins
9.4.2. Solid Saturated Resins
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Saturated polyester resins Market Size and Volume Forecast by Applications
9.7.1. Powder Coatings
9.7.2. Coil and Can Coatings
9.7.3. Automotive Paints
9.7.4. Packaging
9.7.5. Industrial Paints
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Saturated polyester resins Demand Share Forecast, 2019-2026
10. Europe Saturated polyester resins Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Saturated polyester resins Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Saturated polyester resins Market Size and Volume Forecast by Types
10.4.1. Liquid Saturated Polyester Resins
10.4.2. Solid Saturated Resins
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Saturated polyester resins Market Size and Volume Forecast by Applications
10.7.1. Powder Coatings
10.7.2. Coil and Can Coatings
10.7.3. Automotive Paints
10.7.4. Packaging
10.7.5. Industrial Paints
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Saturated polyester resins Demand Share Forecast, 2019-2026
11. Asia Pacific Saturated polyester resins Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Saturated polyester resins Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Saturated polyester resins Market Size and Volume Forecast by Types
11.4.1. Liquid Saturated Polyester Resins
11.4.2. Solid Saturated Resins
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Saturated polyester resins Market Size and Volume Forecast by Applications
11.7.1. Powder Coatings
11.7.2. Coil and Can Coatings
11.7.3. Automotive Paints
11.7.4. Packaging
11.7.5. Industrial Paints
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Saturated polyester resins Demand Share Forecast, 2019-2026
12. Middle East & Africa Saturated polyester resins Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Saturated polyester resins Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Saturated polyester resins Market Size and Volume Forecast by Types
12.4.1. Liquid Saturated Polyester Resins
12.4.2. Solid Saturated Resins
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Saturated polyester resins Market Size and Volume Forecast by Applications
12.7.1. Powder Coatings
12.7.2. Coil and Can Coatings
12.7.3. Automotive Paints
12.7.4. Packaging
12.7.5. Industrial Paints
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Saturated polyester resins Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Saturated polyester resins Market: Market Share Analysis
13.2. Saturated polyester resins Distributors and Customers
13.3. Saturated polyester resins Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Showa Denko Materials Co., Ltd.
13.4.2. Evonik Industries AG
13.4.3. CIECH SA.
13.4.4. Arkema Group
13.4.5. Covestro AG.
Methodology
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