Zion Research has published a new report titled “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, 2015 – 2021”. According to the report, global demand for saturated polyester resin market was valued at over USD 3.34 Billion in 2015, is expected to reach above USD 4.64 Billion in 2021 and is anticipated to grow at a CAGR of slightly above 5.80% between 2015 and 2021.
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Polyesters are the long chain polymers with 85% of esters and 15% of alcohol or terephthalic acid. Polyester is formed by the condensation reaction between polyols and acid. Polyesters are broadly classified into the saturated polyester resin and unsaturated polyester resin. Saturated polyesters are those polymers with saturated backbone. Saturated polyester resin possesses low molecular weight liquids and hence used as plasticizers, reactants in the production urethane polymers. The major reactants used as saturated polyesters are the glycol, acid or anhydride. The saturated polyester resin is less reactive as compared to the saturated polyester resin.
There has been the huge demand for saturated polyester resin in industry drives the market for saturated polyester resin. Rapidly developing industrialization and urbanization in emerging economies is expected to boost the growth of the market. Due to the huge impact on the environment due to VOC has resulted in the developing of eco-friendly products fuels the saturated polyester resin market. However, the high production cost of saturated polyester resin as compared to other resin may hamper the growth of the market over the coming years. Nonetheless, growing demand from the emerging countries for the saturated polyester resin market is likely to offer new opportunities in the coming years.
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Some of the major saturated polyester resin types are solid saturated polyester resin and liquid saturated polyester resin. Liquid saturated polyester resin is the leading segment compared to solid saturated polyester resin due to high use of liquid saturated polyester resin in the industrial and automotive paints. Some of the wide spread applications of saturated polyester resin are coil & can coatings, flexible packaging, industrial paints, 2k Pu coatings, automotive paints and other applications. Among all, coating segment dominated the saturated polyester resin market with significant market share in 2015. Saturated polyester resin is extensively used in the coating industry for high strength and better adhesion which factor significantly contributes to the growth of saturated polyester resin market.
The saturated polyester resin market was dominated by Asia Pacific in 2015 and was considered to be the highest revenue generating region. This was mainly due to the high consumption of saturated polyester resin in different industrial applications. Emerging economies such as India, China and Japan are expected to be the most prominent markets in the near future due to increasing power coating industry in these regions. Moreover, escalating demand for saturated polyester resin in Japan and India is likely to aid the market growth. In 2015, Europe and North America were considered the potent markets for the polyester resin market. This was mainly due to high consumption of saturated polyester resin market in U.S and Germany. Latin America exhibits lucrative growth over the period of years due to growing industrialization in Brazil. The Middle East and Africa are projected to propel the growth of the market in the forecast period.
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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This report segments the saturated polyester resin market as follows:
Saturated Polyester Resin Market: Type Segment Analysis
- Solid saturated polyester resin
- Liquid saturated polyester resin
Saturated Polyester Resin Market: Application Segment Analysis
- Coil & can coatings
- Flexible packaging
- Industrial paints
- 2k Pu coatings
- Automotive paints
Saturated Polyester Resin Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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