Saturated polyester resin in which the polyester backbone is saturated is termed as liquid saturated polyester resin. Saturated polyester is less reactive in comparison to unsaturated polyester resins. These unveil low molecular weight and can be utilized as a prominent reactant and plasticizers in the manufacturing of urethane polymers.
Global Liquid Saturated Polyester Resin Market is expected to project a notable CAGR of 4.2% in 2030.
As per analysis, the global liquid polyester resin market is anticipated to register a significant growth during forecast period, 2021-2030. The Global Liquid Polyester Resin Market value is estimated at US$2.83 billion in 2020 and is expected to grow at a CAGR of 4.2% during the forecast period of 2021-2030 to reach US$4.89 billion in 2030. This growth is anticipated due Increase in demand for consumer goods in various regions across the globe which will create a worldwide demand for Liquid Saturated Polyester Resin. Soaring demand of liquid saturated polyester resin from packaging industry which comprises of cans, container and boxes is projected to drive the growth of the global market.
Global Liquid Saturated Polyester Resin Market: Segments
Can & Coil Coatings segment to grow with the highest CAGR during 2020-30
Global Liquid Saturated Polyester Resin Market is bifurcated by application into Can & Coil Coatings, Automotive Coatings, 2K PU Coatings and Others. Among these, can & coil coatings segment held the largest market share of 34.5% in the year 2020. According to this report,can and coil coatings is the most dominant segment and thus, is expected to rise at a CAGR of 4.8% during the forecast period. Coil and can coating is applied on rolled metal strip continuously which consists either one-sided or two-sided, multiple or single application of (liquid) paints or coating powders that are later laminated with cleaning, permanent plastic films, primer coat application, chemical pretreatment, curing, second curing, recoilers etc.
Proliferating demand for consumer goods
Increase in demand for consumer goods in various regions across the globe is driving the growth of the global market. Besides, escalating automotive production and sales accompanied, a rising consumption of automotive paints and coatings is anticipated to impel the growth of the global market.
Liquid polyester resins impose adverse impacts on the environment due to the emission of the harmful chemical at the time of their manufacturing process which restricts the growth of the global market. The liquid polyester resins have strong styrene odor and the toxic nature of its fumes, especially of the catalyst, MEKP which imposes a safety risk demanding proper protection.
Global Liquid Saturated Polyester Resin Market: Key Players
• Unitika Ltd
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• SK Chemicals Co., Ltd.
• Royal DSM N.V.
• TOYOBO CO. LTD.
• Evonik Industries
• Stepan Company
• Arkema S.A.
• Covestro AG
• Thai Urethane Plastic Co., Ltd.
• Nippon Gohsei
• Other Prominent Players
Global Liquid Saturated Polyester Resin Market: Regions
Global Liquid Saturated Polyester Resin Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.
As per our estimates, Asia-Pacific’s Liquid Saturated Polyester Resin Market value is estimated at $1.09 billion in 2020 and anticipated to grow at a CAGR of 4.2% during the forecast period of 2021-2030. Rising demand from numerous applications such as automotive, construction and general manufacturing accelerates the demand for liquid polyester resins. Demand for liquid saturated polyester resin is anticipated to rise across various countries such as China, Japan, South Korea, and India due to expansion of end use industries and rising customer base in the region. Easy availability of low-cost labor and raw material, stringent regulatory framework are a few factors aiding the growth of the market in the region.
Global Liquid Saturated Polyester Resin Market report also contains analysis on:
Liquid Saturated Polyester Resin Market Segments:
• By Application
o Can & Coil Coatings
o Automotive Coatings
o 2K PU Coatings
• By End-User
o Food & Beverages
• Liquid Saturated Polyester Resin Market Dynamics
• Liquid Saturated Polyester Resin Market Size
• Supply & Demand
• Market Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints