Saturated Polyester Resins Market - Growth, Trends, and Forecast (2019 - 2024)

The Saturated Polyester Resins Market is Segmented by Type (Liquid Saturated Polyester Resin and Solid Saturated Resin), by Application (Powder Coatings, Coil and Can Coatings, Automotive Paints, Packaging, Industrial Paints, and Other Applications), and by Geography

Market Snapshot

Market Summary - Saturated Polyester Resins
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for saturated polyester resins is expected to grow at a CAGR of more than 5% during the forecast period, 2019-2024. One of the main factors driving the market is the growing demand from the packaging industry. However, high processing and manufacturing cost is expected to hinder the growth of the market studied.

  • By application, powder coatings dominated the market in 2018, which is expected to grow further during the forecast period.
  • Technological advancements and emerging applications are likely to act as an opportunity for the market studied in the future.
  • Asia-Pacific dominated the market across the world with the largest consumption from countries, such as China and India.

Scope of the Report

The saturated polyester resins market report includes:

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 & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Powder Coatings

  • Saturated polyester resins are primarily used to manufacture solvent-free powder paints and coatings. Owing to its superior properties, such as good weather resistivity, excellent impact strength, and adhesion to metals (even under humid conditions), saturated polyester resins are favored for exterior and interior architectural applications, coating machinery, domestic appliances, steel furniture, and garden tools.
  • The growing construction and automotive sector are expected to drive the usage of powder coatings, thereby boosting the growth of the market studied during the forecast period.
  • The construction sector has been witnessing a robust growth in Asia-Pacific and Middle East & Africa. In the Middle East & African region, governments have been making efforts to develop the non-oil sectors, after the region faced a financial crisis, due to the drastic fall in oil prices in 2014.
  • Hence, the robust growth of the construction industry is expected to drive the demand for powder coatings, further providing a positive influence on the market studied.
  • Besides, owing to the increasing demand for SUVs and lightweight vehicles and production of electric vehicles, automotive production has been increasing across the world. Hence, with such an increase in automotive production, the demand for powder coatings is likely to grow, further driving the growth of the market studied.
Segmentation - Saturated Polyester Resins Market

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Asia-Pacific Region to Dominate the Market

Asia-Pacific region dominated the global market, in terms of share in 2018. China is expected to witness a healthy growth in the demand for saturated polyester resins during the forecast period, owing to the expected noticeable growth of automotive, construction, packaging, and paints and coatings industries in the country. With healthy growth in such industries, the demand for powder coatings, automotive paints, packaging coatings and binders, etc., is expected to increase, further driving the demand for saturated polyester resins to produce such paints, coatings, and binders. China serves as the largest producer of vehicles and paints and coatings in the world. Besides, it is the world's largest manufacturing economy and exporter of goods, which can indicate the importance of packaging for the country. The packaging industry in the country has also been witnessing a robust growth, owing to the growing trend of e-commerce. The aforementioned factors are expected to drive the demand for paints, coatings, binders, etc., further driving the growth of the market studied.

Regional - Saturated Polyester Resins Market

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Competitive Landscape

The saturated polyester resins market is partially fragmented with the top players accouting for a small chunk of the market. Some of these major players include Arkema SA, Covestro AG, Hitachi Chemical Co. Ltd, Evonik Industries AG, and CIECH SA.

Major Players

  1. Arkema SA
  2. Covestro AG
  3. Hitachi Chemical Co. Ltd
  4. Evonik Industries AG
  5. CIECH SA

* Complete list of players covered available in the table of contents below

Market Concentration - Saturated Polyester Resins

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Booming Packaging Industry

      2. 4.1.2 Rapid Industrialization in Asia-Pacific and Central and Eastern Europe

    2. 4.2 Restraints

      1. 4.2.1 High Processing and Manufacturing Cost

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Liquid Saturated Polyester Resin

      2. 5.1.2 Solid Saturated Resin

    2. 5.2 Application

      1. 5.2.1 Powder Coatings

      2. 5.2.2 Coil and Can Coatings

      3. 5.2.3 Automotive Paints

      4. 5.2.4 Packaging

      5. 5.2.5 Industrial Paints

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Allnex

      2. 6.4.2 Arkema SA

      3. 6.4.3 CIECH SA

      4. 6.4.4 Covestro AG

      5. 6.4.5 DIC Corporation

      6. 6.4.6 Eternal Materials Co. Ltd

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 Hitachi Chemical Co. Ltd

      9. 6.4.9 Hitech Industries FZE

      10. 6.4.10 Kimteks

      11. 6.4.11 Momentive

      12. 6.4.12 Novaresine SRL

      13. 6.4.13 Koninklijke DSM NV

      14. 6.4.14 Sir Industriale SpA

      15. 6.4.15 Stepan Company

      16. 6.4.16 The Nippon Synthetic Chemical Industry Co. Ltd (Nippon Gohsei)

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage of Saturated Polyester Resins due to Low VOC Emissions

**Subject to Availability

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