Market Size of Saturated Polyester Resins Industry
| 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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
