Saturated Polyester Resin Market Growth Analysis | 2024-2030

Market Insights

The saturated polyester resin market was estimated at USD 5.2 billion in 2023 and is likely to grow at a CAGR of 5.97% during 2024-2030 to reach USD 7.81 billion in 2030.

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Market Dynamics

Introduction

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.

Market Drivers

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 emissions.

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Key Players

Some of the major saturated polyester resin manufacturers are:

• 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.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Form Type

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 largest share of the market in 2023 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.

By Application Type

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.

Regional Insights

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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects saturated polyester resin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The saturated polyester resin market is segmented into the following categories.

By Form Type

• Liquid Saturated Polyester Resin
• Solid Saturated Polyester Resin

By Application Type

• Powder Coatings
• Industrial Paints
• Coil & Can Coatings
• Automotive Paints
• Flexible Packaging
• 2k PU Coatings
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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