Liquid Saturated Polyester Resin Market
Product Overview
Saturated polyester resin in which the polyester backbone is saturated is termed liquid saturated polyester resin. Saturated polyester is less reactive in comparison tunsaturated polyester resins. These unveil low molecular weight and can be utilized as a prominent reactant and plasticizer in the manufacturing of urethane polymers. They offer superior adhesion and excellent durability that makes them widely suitable for various applications like automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others. They are alsapplied in anti-corrosion coatings on iron-steel structures having epoxy-based primers.
Market Highlights
Global Liquid Saturated Polyester Resin Market is expected tproject a notable CAGR of 4.2% in 2030.
As per analysis, the global liquid polyester resin market is anticipated tregister significant growth during the forecast period, 2021-2030. The Global Liquid Polyester Resin Market value is estimated at US$2.83 billion in 2020 and is expected tgrow at a CAGR of 4.2% during the forecast period of 2021-2030 treach 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 for liquid saturated polyester resin from the packaging industry which comprises cans, containers, and boxes is projected tdrive the growth of the global market. Changing lifestyle and increasing awareness related tthe harmful effects of solvent-based products containing high VOC content is driving the growth of the global market.
Global Liquid Saturated Polyester Resin Market: Segments
Can & Coil Coatings segment tgrow with the highest CAGR during 2020-30
Global Liquid Saturated Polyester Resin Market is bifurcated by application intCan & Coil Coatings, Automotive Coatings, 2K PU Coatings, and Others. Among these, the can & coil coatings segment held the largest market share of 34.5% in the year 2020. As per the Fatpos Global Analysis, can and coil coatings are the most dominant segment and thus, are expected trise at a CAGR of 4.8% during the forecast period. Coil and can coating is applied on rolled metal strip continuously which consists of 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.
Construction segment tgrow with the highest CAGR during 2020-30
Global Liquid Saturated Polyester Resin Market is bifurcated by end-use intFood & Beverages, Industrial, Construction, Automotive, and Others. Among these, the construction segment held the largest market share of 30.1% in the year 2020. As per the Fatpos Global Analysis, construction is the most dominant segment and thus, is expected trise at a CAGR of 3.7% during the forecast period. Low preference for polyester coatings from Automotive is observed because of low gloss and not grainy texture, hence the high preference for 2K PU coatings used in construction and food &beverage industries.
Market Dynamics
Drivers
Proliferating demand for consumer goods
The 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, by rising consumption of automotive paints and coatings is anticipated timpel the growth of the global market.
Rapid industrialization and urbanization
Liquid saturated resin is extensively used in the production of industrial coil coatings. The growth of various general industries like steel, chemical, consumer goods, and fertilizer are projected tpropel the growth of the global market. Thus, the rapid expansion of the end-use industries is expected tinfluence the demand patterns in the emerging economies positively. Also, accelerating construction activities in the developing and developed nations (rising investments for universities, stadiums, hospitals, and residential buildings) along with the growth of the paints & coatings industry is anticipated tprovide new impetus tthe growth of the global market.
Restraint
Environmental concerns
Liquid polyester resins impose adverse impacts on the environment due tthe emission of harmful chemicals at the time of their manufacturing process which restricts the growth of the global market. The liquid polyester resins have a strong styrene odor and the toxic nature of its fumes, especially of the catalyst, MEKP which imposes a safety risk demanding proper protection. Atmospheric pollution from explosion and styrene and fire risks from organic peroxides must be avoided.
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.
CovestrAG
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 intfive major regions. These include North America, Latin America, Europe, Asia Pacific, 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 is anticipated tgrow at a CAGR of 4.2% during the forecast period of 2021-t2030. Rising demand from numerous applications such as automotive, construction, and general manufacturing accelerates the demand for liquid polyester resins. Demand for the liquid saturated polyester resin is anticipated trise across various countries such as China, Japan, South Korea, and India due tthe expansion of end-use industries and rising customer base in the region. Easy availability of low-cost labor and raw material, and stringent regulatory framework are a few factors aiding the growth of the market in the region.
Global Liquid Saturated Polyester Resin Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Liquid Saturated Polyester Resin Market report alscontains analysis on:
Liquid Saturated Polyester Resin Market Segments:
By Application
Can & Coil Coatings
Automotive Coatings
2K PU Coatings
Others
By End-User
Food & Beverages
Industrial
Construction
Automotive
Others
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
Saturated polyester resin in which the polyester backbone is saturated is termed liquid saturated polyester resin. Saturated polyester is less reactive in comparison tunsaturated polyester resins. These unveil low molecular weight and can be utilized as a prominent reactant and plasticizer in the manufacturing of urethane polymers. They offer superior adhesion and excellent durability that makes them widely suitable for various applications like automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others. They are alsapplied in anti-corrosion coatings on iron-steel structures having epoxy-based primers.
Market Highlights
Global Liquid Saturated Polyester Resin Market is expected tproject a notable CAGR of 4.2% in 2030.
As per analysis, the global liquid polyester resin market is anticipated tregister significant growth during the forecast period, 2021-2030. The Global Liquid Polyester Resin Market value is estimated at US$2.83 billion in 2020 and is expected tgrow at a CAGR of 4.2% during the forecast period of 2021-2030 treach 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 for liquid saturated polyester resin from the packaging industry which comprises cans, containers, and boxes is projected tdrive the growth of the global market. Changing lifestyle and increasing awareness related tthe harmful effects of solvent-based products containing high VOC content is driving the growth of the global market.
Global Liquid Saturated Polyester Resin Market: Segments
Can & Coil Coatings segment tgrow with the highest CAGR during 2020-30
Global Liquid Saturated Polyester Resin Market is bifurcated by application intCan & Coil Coatings, Automotive Coatings, 2K PU Coatings, and Others. Among these, the can & coil coatings segment held the largest market share of 34.5% in the year 2020. As per the Fatpos Global Analysis, can and coil coatings are the most dominant segment and thus, are expected trise at a CAGR of 4.8% during the forecast period. Coil and can coating is applied on rolled metal strip continuously which consists of 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.
Construction segment tgrow with the highest CAGR during 2020-30
Global Liquid Saturated Polyester Resin Market is bifurcated by end-use intFood & Beverages, Industrial, Construction, Automotive, and Others. Among these, the construction segment held the largest market share of 30.1% in the year 2020. As per the Fatpos Global Analysis, construction is the most dominant segment and thus, is expected trise at a CAGR of 3.7% during the forecast period. Low preference for polyester coatings from Automotive is observed because of low gloss and not grainy texture, hence the high preference for 2K PU coatings used in construction and food &beverage industries.
Market Dynamics
Drivers
Proliferating demand for consumer goods
The 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, by rising consumption of automotive paints and coatings is anticipated timpel the growth of the global market.
Rapid industrialization and urbanization
Liquid saturated resin is extensively used in the production of industrial coil coatings. The growth of various general industries like steel, chemical, consumer goods, and fertilizer are projected tpropel the growth of the global market. Thus, the rapid expansion of the end-use industries is expected tinfluence the demand patterns in the emerging economies positively. Also, accelerating construction activities in the developing and developed nations (rising investments for universities, stadiums, hospitals, and residential buildings) along with the growth of the paints & coatings industry is anticipated tprovide new impetus tthe growth of the global market.
Restraint
Environmental concerns
Liquid polyester resins impose adverse impacts on the environment due tthe emission of harmful chemicals at the time of their manufacturing process which restricts the growth of the global market. The liquid polyester resins have a strong styrene odor and the toxic nature of its fumes, especially of the catalyst, MEKP which imposes a safety risk demanding proper protection. Atmospheric pollution from explosion and styrene and fire risks from organic peroxides must be avoided.
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.
CovestrAG
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 intfive major regions. These include North America, Latin America, Europe, Asia Pacific, 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 is anticipated tgrow at a CAGR of 4.2% during the forecast period of 2021-t2030. Rising demand from numerous applications such as automotive, construction, and general manufacturing accelerates the demand for liquid polyester resins. Demand for the liquid saturated polyester resin is anticipated trise across various countries such as China, Japan, South Korea, and India due tthe expansion of end-use industries and rising customer base in the region. Easy availability of low-cost labor and raw material, and stringent regulatory framework are a few factors aiding the growth of the market in the region.
Global Liquid Saturated Polyester Resin Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Liquid Saturated Polyester Resin Market report alscontains analysis on:
Liquid Saturated Polyester Resin Market Segments:
By Application
Can & Coil Coatings
Automotive Coatings
2K PU Coatings
Others
By End-User
Food & Beverages
Industrial
Construction
Automotive
Others
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
1. EXECUTIVE SUMMARY
2. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Application: Market Share (2020-2030F)
12.2.1. Can & Coil Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Automotive Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. 2K PU Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By End-User: Market Share (2020-2030F)
12.3.1. Food & Beverages, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Industrial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
14. UNITIKA LTD
14.1. Company Overview
14.2. Company Total Revenue (Financials)
14.3. Market Potential
14.4. Global Presence
14.5. Key Performance Indicators
14.6. SWOT Analysis
14.7. Product Launch
15. SK CHEMICALS CO., LTD.
16. ROYAL DSM N.V.
17. TOYOBO CO. LTD.
18. EVONIK INDUSTRIES
19. STEPAN COMPANY
20. ARKEMA S.A.
21. COVESTRO AG
22. THAI URETHANE PLASTIC CO., LTD.
23. NIPPON GOHSEI
24. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL LIQUID SATURATED POLYESTER RESIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Application: Market Share (2020-2030F)
12.2.1. Can & Coil Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Automotive Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. 2K PU Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By End-User: Market Share (2020-2030F)
12.3.1. Food & Beverages, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Industrial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
14. UNITIKA LTD
14.1. Company Overview
14.2. Company Total Revenue (Financials)
14.3. Market Potential
14.4. Global Presence
14.5. Key Performance Indicators
14.6. SWOT Analysis
14.7. Product Launch
15. SK CHEMICALS CO., LTD.
16. ROYAL DSM N.V.
17. TOYOBO CO. LTD.
18. EVONIK INDUSTRIES
19. STEPAN COMPANY
20. ARKEMA S.A.
21. COVESTRO AG
22. THAI URETHANE PLASTIC CO., LTD.
23. NIPPON GOHSEI
24. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
