World Saturated Resin Market to Expand at a 5.83% CAGR through 2021, According to Research Study by M&M Recently Added at MarketPublishers.com25 Apr 2016 • by Natalie Aster
LONDON – The overall saturated polyester resin industry is predicted to grow at a 5.83% CAGR through 2021. The market value is likely to amount to USD 4.77 billion in 2021. The global saturated market growth is driven by technological advancements, increasing applications, rising demand for saturated polyester resin in the APAC and European regions, and also enhancing environmental concerns and stringent regulations.
The liquid saturated polyester resin segment is anticipated to dominate the worldwide market for saturated polyester resin market. Coil and can coatings form the key application of liquid saturated polyester resins; other prominent uses include automotive paints, 2k PU coatings and industrial paints. Constantly growing demand for commercial construction products (like cladding, metal roofing, HVAC equipment, etc.), soffit, trim, fascia and other aluminum products spurs growth in the coil coatings market, which in its turn propels the demand for liquid polyester resin.
In 2015, the APAC region held the lion’s share of the world saturated polyester resin market. Growth in this regional market is driven by the enhancing need to reduce VOC emissions, rapidly-increasing construction activities, expanding addressable population base and also increasing number of wooden furniture, electronic appliances and automobiles drive the powder coatings market in APAC, which in its turn spurs growth in the regional polyester resin market.
New topical publication “Saturated Polyester Resin Market” developed by MarketsandMarkets (M&M) gives access to a detailed analysis of the worldwide saturated polyester resins market and a set of updated statistics on production, demand, consumption and foreign trade. It contains info on the key geographical markets, top players, competitive pressures, major development trends, main market growth drivers and restraints. The report points out the most lucrative opportunities and features top possible challenges as well as provides comprehensive future forecasts for the global saturated polyester resin market up to 2021.
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