Market Overview to 2023
Liquid saturated polyester resin is one of the type of saturated polyester in which the polyester backbone is saturated, thus they are not as reactive as unsaturated polyesters. Comparatively they possess low molecular weight which make them suitable for production of plasticizers and as reactants in the manufacturing of urethane polymers, and in linear high molecular weight thermoplastics such as PET. Most commonly reactant for the saturated polyesters are glycol and an acid or anhydride. They offer excellent weather resistance, chemical resistance, provide adhesion to various kind of substrates thus find wide application scope as automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others.
Some of the prominent factors that positively influence the growth of liquid saturated polyester resin market are growing urbanization, improving packaging sector, and rising standard of living. Rising population coupled with increasing demand for packaging products is predicted to fuel the demand for packaging material such as containers and cans, which in turn, propel the demand for liquid saturated polyester resin over the forecast period, 2017 to 2023. Moreover, huge investments by the key operating players in the research and development activities coupled with strong acceptance within the end use industries are expected to fuel the growth of the market during the review period.
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Some of the prominent players operating in the global liquid saturated polyester resin market are Royal DSM N.V. (the Netherlands), Evonik Industries (Germany), The Nippon Synthetic Chemical Industry Co.,Ltd (Japan), Stepan Company (U.S.), Arkema S.A. (France), Allnex Group (Belgium), Hitachi Chemical Co., Ltd (Japan), Thai Urethane Plastic Co.,Ltd. (Thailand), NOVARESINE SRL (Italy), Karna Paints (India), Worlee-Chemie GmbH (Germany), and others
- Liquid Saturated Polyester Resin manufacturers
- Traders and Distributors of liquid saturated polyester resin
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
As per our analysis, some of the important market factors and trends identified in the global liquid saturated polyester resin are growing awareness, strict regulations for VOC emissions, and excellent performance of liquid saturated polyester resin due to its numerous properties. Rapid industrialization and urbanization in developed and developing countries are expected to drive the growth of the market. Furthermore, increasing investment in the construction activities for universities, hospitals, stadiums, and residential building are predicted to propel the growth of the market. Moreover, increasing demand for liquid saturated polyester resin from packaging industry that include container, cans, and boxes are expected to fuel the growth of the market. Rapid expansion of end use industries in emerging economies are estimated to positively influence demand patterns. Additionally changing lifestyle, increasing consciousness related to harmful effect of solvent based product which possess high VOC content, and growing purchasing power of people for purchasing packaged food are expected to give new impetus to the growth of the market during the forecast period.
The global liquid saturated polyester resin market is categorized into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the assessment period on account of increasing demand from various applications such as construction, automotive, and general industry among others. The demand for liquid saturated polyester resin is expected to surge in various countries of Asia Pacific such as India, China, Malaysia, Vietnam, and Japan due to rising consumer base as well as expansion of various end use industries. Moreover, growing purchasing power, ease of availability of low cost raw material & labor, soberly stringent regulatory framework are some other prominent factors for the regional liquid saturated polyester resin market growth during the forecast period.
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Asia Pacific has emerged as the largest market for liquid saturated polyester resin followed by North America and Europe. North America is estimated to witness a moderate growth in liquid saturated polyester resin market due to the solid base for various industrial sector coupled with increasing investments to revitalize general industry during the assessment period, 2017 to 2023. North American countries such as Canada and U.S. are among the main contributors in the regional liquid saturated polyester resin market growth and are estimated to see a significant regional market growth over the forecast period. U.S accounted for the largest regional market share and is predicted to grow with the highest CAGR due to the growth in flexible & rigid packaging sector. European countries such as Spain, Italy, Russia, Germany, France, and UK have emerged as an important consumer market due to rising demand from growing application and increasing expenditure on research & development and innovation.
The global liquid saturated polyester resin market is classified on the basis of application and region. On the basis of application, the market is categorized into flexible & rigid packaging, automotive paints, can & coil coating, industrial paints, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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