Saturated Polyester Resin Market Size, Share, Industry Trends and Forecast to 2030

Saturated Polyester Resin Market Size & CAGR in 2021:

The global saturated polyester resin market is expected to witness a CAGR of 4.5% from 2021 to 2026. The market size is projected to reach USD 4.5 billion by 2026, growing from USD 3.2 billion in 2021.

COVID-19 Impact on the Saturated Polyester Resin Market:

The COVID-19 pandemic had a mixed impact on the saturated polyester resin market. While there was a temporary disruption in the supply chain due to lockdowns and travel restrictions, the demand for saturated polyester resin increased in sectors such as construction and automotive for applications like coatings and adhesives.

Saturated Polyester Resin Dynamics:

Saturated polyester resins are widely used in various industries such as coatings, adhesives, and automotive. The growth of these end-user industries directly influences the demand for saturated polyester resins. Technological advancements in the manufacturing process have also resulted in the development of high-performance resins with superior properties.

Segments and Related Analysis:

1. By Type:

- Solid Type - Liquid Type - Others

2. By Application:

- Coatings - Adhesives - Automotive - Construction - Others

By Region Analysis:

1. North America

- The North American region has a significant market share in the saturated polyester resin market, driven by the presence of major end-user industries such as automotive and construction.

2. Europe

- Europe is experiencing steady growth in the saturated polyester resin market, attributed to the increasing demand for eco-friendly coatings and adhesives in the region.

3. Asia Pacific

- The Asia Pacific region is witnessing rapid growth in the saturated polyester resin market due to the booming construction industry and the growing automotive sector.

4. Latin America

- Latin America is showing promising growth in the saturated polyester resin market, supported by infrastructure development projects and increasing investments in the automotive sector.

5. Middle East and Africa

- The Middle East and Africa region have potential growth opportunities for the saturated polyester resin market, driven by the expanding construction activities and investments in the oil and gas industry.

Key Market Players and Competitive Landscape:

The key market players in the saturated polyester resin market include Arkema, Allnex, Royal DSM, Nippon Gohsei, and Evonik Industries. These players are focusing on strategic collaborations, product innovations, and expansions to gain a competitive edge in the market.

Recent Happenings in the Saturated Polyester Resin Market:

- In June 2021, Allnex announced the launch of a new range of high-performance saturated polyester resins for the coatings industry, catering to the increasing demand for durable and sustainable coatings.

- In September 2021, Arkema introduced a new bio-based saturated polyester resin for the automotive sector, emphasizing its commitment to sustainability and environmental responsibility.

- In January 2022, Royal DSM unveiled a series of innovative saturated polyester resins with enhanced properties for the adhesives market, targeting the demand for high-performance bonding solutions.

- In March 2022, Nippon Gohsei expanded its production capacity for saturated polyester resins to meet the increasing demand from the construction industry, aiming to strengthen its market presence globally.

- In May 2022, Evonik Industries collaborated with a leading automotive manufacturer to develop customized saturated polyester resins for automotive coatings, focusing on improving durability and aesthetics.