The global Saturated Polyester Resin market was valued at USD 4,281.1 million in 2019 and is expected to reach USD 6,598.5 million by 2030, growing at a CAGR of 5.59% from 2020 to 2030.
Saturated polyester resin is formed by the reaction of polybasic acids and polyols, and its feature includes excellent flexibility and hardness. It is mainly used in can coating, rolled steel, non-stick pan, ink, adhesive, PET coil, metallic baking paint such as automotive paint, and so on.
Saturated polyester resin is water, heat, and humidity resistance, therefore, they offer a wide range of applications in several industries such as paint & coating which are projected to boost the market growth over the forecast period. The rising industrial sector is influencing to spur market growth in the upcoming years. Furthermore, strict government regulations imposed on VOC emissions have resulted in the development of eco-friendly technologies that are substituting solvent-borne coatings. This, in turn, might fuel the demand for saturated polyester resin
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Top Key Players/Manufacturers of Saturated Polyester Resin Market:
· Royal DSM N.V., Allnex Belgium SA/NV, Arkema S.A., Nuplex Industries Ltd., Stepan Company, Evonik Industries, Nippon Gohsei, Covestro AG , and Megara Resins.
Saturated Polyester Resin Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Saturated Polyester Resin Market is primarily split into:
- 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.
Market Trends:
· Growing Demand in Powder Coatings: Saturated polyester resins are widely used in powder coatings for their environmental benefits and high-performance properties.
· Expansion in Packaging Applications: With increasing demand for sustainable and durable packaging, saturated polyester resins are finding significant applications in food and beverage containers.
· Eco-Friendly Innovations: Manufacturers are developing bio-based saturated polyester resins to meet rising demand for sustainable solutions.
· Rapid Growth in Construction: The construction sector’s demand for durable and weather-resistant coatings drives significant growth in this market.
Key Features of Saturated Polyester Resins:
- Excellent Durability: These resins are highly resistant to environmental factors like UV light, moisture, and chemicals, making them ideal for outdoor applications.
- Superior Flexibility: Saturated polyester resins provide flexibility without compromising strength, ensuring long-lasting performance.
- Eco-Friendly Options: Many formulations are low in volatile organic compounds (VOCs), aligning with increasing environmental regulations.
- High Adhesion Properties: They bond well with various substrates, including metals, plastics, and wood.
- Thermal Stability: Their ability to withstand high temperatures enhances their utility in demanding applications.
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