Saturated Polyester Resin Market worth $4,436 Million by 2021, According to a New Study

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 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 is expected to drive the market demand. Emerging new technologies in manufacturing and development of new end-user applications are expected to have a positive influence on saturated polyester resin demand over the forecast period. Stringent government norms & regulations are expected to drive the saturated polyester resin demand over the next few years. Various government policies in different countries like Malaysia, India, and China are expected to fuel the demand for saturated polyester resins in the next few years.

The global saturated polyester resin market is expected to grow at a CAGR of 5.83 percent, reaching USD 4.77 billion.

Years taken into account for this report

 

2014 is a significant year in history.

2015 is the starting point.

Year 2016 (estimated)

Year 2021 – Estimated

 

Methodology of Study

 

The goal of this study is to evaluate the saturated polyester resin market for 2016 and forecast demand through 2021. It offers a thorough qualitative and quantitative examination of the market. Secondary sources such as directories, industry publications, and databases were used to discover and collect data for a comprehensive commercial research of the saturated polyester resin market. To acquire and verify key facts, as well as estimate the prospects of the saturated polyester resin industry, primary sources such as specialists from relevant sectors and suppliers were questioned.
Report on the Global Saturated Polyester Resin Market Segments:
The market is divided into two categories: Hybrid Saturated Polyester Resins and Pure Saturated Polyester Resins, as well as applications such as automobiles, appliances, construction, pipeline corrosion protection, and others.

Saturated Polyester Resin Market
Saturated Polyester Resin Market

Quote from an analyst

“Increased demand from the building & construction end-use market in APAC gives manufacturers with financially lucrative investment prospects. Market participants have a chance to benefit by forecasting consumption across the region. Unsaturated polyester resins will continue to expand on a healthy growth trajectory due to their high-strength fiber-based qualities, accessible availability, and low-cost price range.”

The following are some of the companies highlighted in this report:

Allnex\sDSM\sEvonik
NIPPON GOHSEI Hexion Arkema Hitachi Chem Stepan
SK Arakawa Chem CSE Group Helios Resins Chem TCV Nuplex DIC Corp
GOO Chem Royal Gent Ind GOO Chem Royal Gent Ind GOO Chem Royal Gent In
SIR Ind TUP Sino-French Ind Kimteks Ciech Chem Synthopol
New Material from Shenjian
Ind Tiansong Kinte Tiansong Kinte Ind Tiansong Kinte Ind
Guanghua New Material Yantai Fenglin Yinyang Resin DSM(CN) Yantai Fenglin Yinyang Resin DSM(CN) Yantai Fenglin Yinyang Res

Polyester Resin Saturated With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the forecast term, this market research study keeps a close eye on major rivals. It’s a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The research also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate policies.

Analysis of the Regions:

 

Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa are the five regions that make up the worldwide liquid saturated polyester resin market. Due to increased demand from various applications such as construction, automotive, and general industries, Asia Pacific is expected to expand at the fastest CAGR during the assessment period. The demand for liquid saturated polyester resin is predicted to rise in Asia Pacific nations such as India, China, Malaysia, Vietnam, and Japan as a result of an expanding customer base and numerous end-use industries. Furthermore, rising purchasing power, the ease of access to low-cost raw materials and labour, and a cautiously demanding regulatory framework are some of the other major drivers of regional liquid saturated polyester resin market growth over the projection period.

 

The largest market for liquid saturated polyester resin is Asia Pacific, followed by North America and Europe. During the forecast period, 2017 to 2023, North America is expected to have a modest rise in the liquid saturated polyester resin market due to a strong basis for numerous industrial sectors and increased expenditures to reinvigorate general industry. North American countries such as Canada and the United States are major contributors to regional liquid saturated polyester resin market growth, and are expected to increase significantly during the projected period. Because of the increase in the flexible and rigid packaging industry, the United States accounted for the greatest regional market share and is expected to grow at the fastest CAGR. Due to expanding demand from growing applications and increasing expenditure on research and development and innovation, European countries such as Spain, Italy, Russia, Germany, France, and the United Kingdom have emerged as key consumer markets. The demand for liquid saturated polyester resin in Europe and North America is expected to be marginally hampered by tight regulation enforced by various government bodies such as REACH and the EPA. Due to increased consumer expenditure on automobiles and packaged items, countries like Brazil, Mexico, and Colombia are among the primary contributors to regional Latin America growth. Over the projected period of 2017-2023, the Middle East and Africa is expected to expand faster than the rest of the world. Countries like Qatar, Oman, the United Arab Emirates (UAE), and Saudi Arabia are major contributors to regional market growth, and are expected to have a beneficial impact on end-use industry growth over the evaluation period.

 

Segmentation:

 

The global market for liquid saturated polyester resin is segmented by application and region. The market is divided into flexible and rigid packaging, automotive paints, can and coil coating, industrial paints, and others based on application. The market is divided into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa.

 

Players to Watch:

 

Royal DSM N.V. (the Netherlands), Evonik Industries (Germany), The Nippon Synthetic Chemical Industry Co.,Ltd (Japan), Stepan Company (the United States), Arkema S.A. (France), Allnex Group (Belgium), Hitachi Chemical Co., Ltd (Japan), Thai Urethane Plastic Co.,Ltd (Thailand), NOVARESINE SRL (Italy), Karna Paint

 

Analytical Geography:

 

Brief analyses of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are included in the paper.

 

The target audience is:

 

Manufacturers of Liquid Saturated Polyester Resin

liquid soaked polyester resin traders and distributors

Industries that deal with the manufacturing process

Investors who might be interested

Suppliers of Raw Materials

Laboratory that has been nationalised

PRODUCT DESPRIPTION

 

Different types and characteristics of saturated polyester resins can be synthesized by using different polyacids and polyols. The main use is in the paint industry. Its advantages are strong adhesion, good physical and mechanical properties, good chemical resistance, alkali resistance, oil resistance, thermal stability and electrical insulation. It can be made into high solid paint. At the same time it does not contain volatile solvents, do not release toxic and harmful gases, do not pollute the environment.

PROPERTIES

  • Matted Special polyester, like mechanical properties of both Ultra low cost general polyester
  • High hardness, High Tg, scratch resistance
  • Good comprehensive properties, solvent,Resistance, high gloss, Good eveling
  • High hardness, High Tg, scratch resistance
  • 40/60,high gloss, good, oil resistance,solvent resistance,
  • Corrosion to hold
Saturated Polyester Resin Market
Saturated Polyester Resin Market

COVID-19 Impact Analysis

The suspension of non-essential trade to curb the spread of COVID-19 limits growth for market players. China, being at the center stage of the global pandemic, is under the microscope of every country. It is also the biggest consumer of unsaturated polyester resin. Hence order fulfilments, and future deals are put on hold for the time being.

Manufacturers also face production hurdles such as lack of workforce, raw material, and logistics support. Major players are investing in employee expertise in devising recovery strategies. Targeting less affected or fast recovering areas is a popular strategy. Business strategies are closely tied with the latest developments regarding COVID-19 spread and its vaccine.

The disruption of normal trade puts immense pressure on the cash flow of companies as the unsaturated polyester resin market is mainly based on production and transportation activities. The COVID-19 pandemic is a major threat for manufacturers of unsaturated polyester resin.

Composite application in producing medical equipment and personnel protective gear presents sustainable opportunities. As the world struggles to contain coronavirus, healthcare institutions are overwhelmed and need equipment and protective gear. Developing a customer base in the healthcare industry is a favorable strategy.

Read Also:Stretch Hood Films Market

Sagar is a Digital Marketing Associate in a Leading Market Research Company. He has a very deep interest in all technology topics whatsoever. His passion, dedication and quick decision-making ability make him stand apart from others. He has involvement in both B2C and B2B markets.

Leave a Reply

Your email address will not be published.