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Covid-19 Impact on Saturated Polyester Resin Market to Witness Expansion During 2021-2026

NOV 18,2021 / IndustryNewsGlobal / The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Saturated Polyester Resin Market .

 

Saturated Polyester Resin Market  is likely to witness an impressive  CAGR of 5.8%  during the forecast period. The major factor that is contributing to the demand for saturated polyester resins is mainly their increasing usage in powder coatings due to environmental concern and stringent regulations to restrict VOC emission.

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 pan, rolled steel, adhesives, ink, automotive paints, and others.

Saturated Polyester Resin Market Share: 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 larger share of the market in 2020, 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.

Saturated Polyester Resin Market Share: 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.

Saturated Polyester Resin Market Share: By Region

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.

Key Players:               

  • 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.

Features of the Report

This report offers high-quality insights and is the outcome of 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.

The Saturated Polyester Resin Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • 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, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

About Us -

Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviors.

 

 

 

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