The report on the Saturated Polyester Resin Market published by Stratview Research covers in-depth details associated with the Saturated Polyester Resin Market. This report is Segmented by Form Type (Liquid Saturated Polyester Resin and Solid Saturated Polyester Resin [Solid Carboxyl-Terminated Saturated Polyester Resin and Solid Hydroxyl-Terminated Saturated Polyester Resin]), by Application Type (Powder Coatings, Industrial Paints, Coil & Can Coatings, Automotive Paints, Flexible Packaging, 2k PU Coatings, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report states that the saturated polyester resin market was valued at USD 3.82 billion in 2021 and is likely to grow at a CAGR of 5.94% during 2022-2028 to reach USD 5.74 billion in 2028.

The major factor that is contributing to the demand for saturated polyester resins is mainly their increasing usage in powder coatings due to environmental concerns and stringent regulations to restrict VOC emission.

What is saturated polyester resin?

Saturated polyester resins are synthesized by using polybasic and polyols and possess features including excellent flexibility and hardness. Saturated polyester resins are available in two forms; liquid and solid. They are used in various applications, such as powder coatings, can coating, non-stick pans, rolled steel, adhesives, ink, automotive paints, and others.

Key Players

The following are the key players in the aerospace sheet distribution market:

  • Koninklijke DSM N.V.
  • Allnex
  • Arkema S.A.
  • Hitachi Chemical Co. Ltd.
  • Stepan Company
  • Evonik Industries
  • Mitsubishi Chemical Corporation.
  • Covestro AG
  • CIECH S.A.
  • Eternal Materials Co., Ltd.
  • Others.

Segment Analysis

Based on the form type, the market is segmented as liquid saturated polyester resin and solid polyester resin. The liquid saturated polyester resin held the larger share of the market in 2021 and is expected to remain dominant during the forecast period. The wide use of it in the automotive and industrial paints & coating industries is driving the growth of this segment.

Based on the application type, the saturated polyester resin market is segmented as powder coatings, industrial paints, coil & can coatings, automotive paints, flexible packaging, 2k PU coatings, and others. The powder coatings segment dominates the market, as saturated polyester resins provide good weather resistance, excellent impact strength, and good adhesion properties under humid conditions. Further, increasing demand for VOC-free powder coating is expected to propel the growth of the segment during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for saturated polyester resins during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the region’s market is attributed to the demand for powder coatings from architectural coatings, machinery, domestic appliances, furniture, and others, which is generating huge demand for saturated polyester resins. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

How stakeholders will profit from this report?

This report allows an understanding of the market and benefits from any lucrative opportunities that are available. The market experts have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. Below given are some reasons why stakeholders should invest in this report -

Market Size Forecasts: The authors of the report have provided a precise evaluation of the Saturated Polyester Resin Market size based on value and volume.

Market Trend Analysis: This segment of the report throws light on the present and upcoming trends and developments in the Saturated Polyester Resin Market.

Risk Factors & Growth drivers: The report here offers crucial information on the rewarding opportunities, growth drivers, and risk factors in the Saturated Polyester Resin Market.

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