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Saturated Polyester Resins Market Size (2024 - 2029)

The saturated polyester resins market is projected to experience growth over the forecast period, driven by their superior mechanical properties compared to alternatives. Despite a downturn during the COVID-19 pandemic due to supply chain disruptions, demand has rebounded as restrictions eased. The market's expansion is challenged by high processing and manufacturing costs, but opportunities arise from trends like non-BPA can coatings. The Asia-Pacific region is anticipated to lead in market size and growth rate during this period.

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Market Size of Saturated Polyester Resins Industry

Saturated Polyester Resins Market Size
Study Period 2019 - 2029
Market Size (2024) USD 5.27 Billion
Market Size (2029) USD 6.49 Billion
CAGR (2024 - 2029) 4.24 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Saturated Polyester Resins Market Major Players

*Disclaimer: Major Players sorted in no particular order

Saturated Polyester Resins Market Analysis

The Saturated Polyester Resins Market size is estimated at USD 5.27 billion in 2024, and is expected to reach USD 6.49 billion by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).

During the COVID-19 pandemic, the saturated polyester resin market witnessed a downturn due to operational and supply chain restrictions in various countries across the globe. Factors like these negatively impacted the demand from key end users like Paints and Coatings industry, among others. However, as the restriction eased in 2021, the demand for polyester resin rose to pre-pandemic levels.

  • Over the medium term, the major factor driving the market's growth is their better performance compared to their alternatives because of their superior mechanical properties.
  • On the flip side, the high processing and manufacturing cost of saturated polyester resins is expected to hinder the studied market's growth.
  • The growing trend of non-BPA can coatings creates new growth opportunities for saturated polyester resins.
  • The Asia-Pacific region is expected to dominate the market and will likely witness the highest CAGR during the forecast period.

Saturated Polyester Resins Industry Segmentation

The reaction of polybasic acids and polyols produces a saturated polyester resin, and its characteristics include excellent flexibility and hardness. It primarily coats rolled steel, non-stick pan, ink, adhesive, PET coil, metallic baking paint, etc. The saturated polyester resin market is segmented by type, application, and geography. The market is segmented by type into liquid saturated polyester resin and solid saturated polyester resin. The market is segmented by application into powder coatings, coil and can coatings, automotive paints, packaging, industrial paints, and other applications. The report also covers the market size and forecast for the saturated polyester resins market in 15 countries across major regions. Each segment's market sizing and forecast are done based on revenue (USD).

Type
Liquid Saturated Polyester Resin
Solid Saturated Resin
Application
Powder Coatings
Coil and Can Coatings
Automotive Paints
Packaging
Industrial Paints
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Saturated Polyester Resins Market Size Summary

The saturated polyester resins market is poised for steady growth, driven by their superior mechanical properties that make them preferable over alternative materials. These resins are primarily utilized in the production of solvent-free powder paints and coatings, offering excellent weather resistance, impact strength, and adhesion to metals, even in humid conditions. This makes them ideal for a variety of applications, including architectural projects, machinery coatings, and domestic appliances. The market experienced a downturn during the COVID-19 pandemic due to supply chain disruptions, but demand rebounded to pre-pandemic levels as restrictions eased. The high processing costs of saturated polyester resins present a challenge, yet the trend towards non-BPA can coatings offers new growth opportunities. The Asia-Pacific region is expected to dominate the market, benefiting from robust demand in the construction, automotive, and electronics sectors.

The Asia-Pacific region, particularly countries like China, India, and Japan, is anticipated to lead the saturated polyester resins market, driven by significant growth in paints and coatings applications. The region's construction sector, the largest globally, is a major contributor to this demand, with China investing heavily in infrastructure development. Additionally, the automotive industry in Asia-Pacific, supported by the region's leading vehicle manufacturers, is expected to further boost the market. The market is characterized by partial fragmentation, with key players such as Arkema Group, Covestro AG, and Evonik Industries AG holding significant shares. These companies are actively involved in innovations and developments to maintain their competitive edge in the evolving market landscape.

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Saturated Polyester Resins Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging Industry

      2. 1.1.2 Rapid Industrialization in Asia-Pacific and Central and Eastern Europe

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Processing and Manufacturing Cost

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Liquid Saturated Polyester Resin

      2. 2.1.2 Solid Saturated Resin

    2. 2.2 Application

      1. 2.2.1 Powder Coatings

      2. 2.2.2 Coil and Can Coatings

      3. 2.2.3 Automotive Paints

      4. 2.2.4 Packaging

      5. 2.2.5 Industrial Paints

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Saturated Polyester Resins Market Size FAQs

The Saturated Polyester Resins Market size is expected to reach USD 5.27 billion in 2024 and grow at a CAGR of 4.24% to reach USD 6.49 billion by 2029.

In 2024, the Saturated Polyester Resins Market size is expected to reach USD 5.27 billion.

Saturated Polyester Resins Market Report Snapshots

Saturated Polyester Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)