Market Overview:
The global polyester resin for powder coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for powder coatings from various end-use industries, such as construction, automotive, and engineering machinery. In terms of type, the epoxy resin cure segment is expected to lead the global polyester resin for powder coating market during the forecast period. This can be attributed to its properties such as high chemical resistance and good adhesion with metal substrates.
Product Definition:
Polyester resins are thermoset, high-viscosity liquids that are used as the binder in powder coatings. They can be either polyfunctional or monofunctional, and they cure by reacting with a hardener to form a crosslinked polymer network. Polyester resins provide good corrosion protection, mechanical strength, and durability in outdoor environments.
Epoxy Resin Cure:
Epoxy resin cure is a powder coating technology that utilizes epoxy resins for curing. Epoxy resin cure has been used in powder coating applications for many years and has gained popularity due to its cost effectiveness, durability, high performance and reliability. The key driver of the epoxy resin cure market is its growing demand in the Powder Coating (PC) industry which was earlier dominated by electrostatic coatings.
TGIC Cure:
The global TGIC cure and its usage in powder coating market size was valued at USD 5.6 million in 2016. The growing powder coatings demand from various end-use industries such as transportation, building & construction, general industrial, and consumer goods is expected to be a key factor driving the market growth over the forecast period.
Application Insights:
The construction material segment dominated the global polyester resins for powder coating market in terms of revenue share in 2017. The growing infrastructure and building & construction industry across the globe are expected to be a major factor driving the demand for powder coatings from 2018 to 2030.
Polyester resin coatings have excellent heat resistance, corrosion resistance, and durability which makes them suitable for use in pipes, tanks, boilers and other equipment used in water treatment plants & industries. These coatings also offer protection against harsh environmental conditions such as high humidity levels (95% or more), extreme temperatures (below 0°C or 32°F) and pollution particles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction spending, which has resulted in increased powder coating demand from emerging economies such as China and India. In addition, rising automotive production coupled with growing consumer disposable income levels will drive product demand further.
The European market was valued at USD X million in 2017 and is projected to witness steady growth over the forecast period owing to high acceptance of technological innovations along with a strong manufacturing base for automotive components across Germany, France, Italy, UK and Russia among other Eastern & Central European countries that are major consumers of polyester resins for powder coating applications.
North America accounted for a significant share of revenue due to presence of key manufacturers such as Jabil Circuit Inc., Sherwin-Williams Co., 3M Company among others that have established their production facilities within U.S.
Growth Factors:
- Increasing demand from the automotive and transportation industry for powder coatings as a protective and decorative finish.
- Growing popularity of powder coating among consumers due to its superior properties such as durability, corrosion resistance, and low maintenance requirements.
- Rising demand for environmentally friendly coatings that do not contain volatile organic compounds (VOCs).
- Technological advancements that have led to the development of new and improved polyester resins for powder coating applications.
- The increasing use of polyester resins in industrial applications such as metal fabrication, furniture manufacturing, and architectural finishes
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyester Resins for Powder Coating Market Research Report
By Type
Epoxy Resin Cure, TGIC Cure, HAA Cure, Lsocyanate Cure, Others
By Application
Construction Material, Industrial, Furniture, Home Appliance, Automotive, Engineering Machinery, Others
By Companies
DSM, Allnex, ARKEMA, Stepan, DIC, Synthomer, Zhejiang Guanghua Technology, Guangzhou Kinte Material Technology, Hangzhou Sino-French, Anhui Shenjian New Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Polyester Resins for Powder Coating Market Report Segments:
The global Polyester Resins for Powder Coating market is segmented on the basis of:
Types
Epoxy Resin Cure, TGIC Cure, HAA Cure, Lsocyanate Cure, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Material, Industrial, Furniture, Home Appliance, Automotive, Engineering Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DSM
- Allnex
- ARKEMA
- Stepan
- DIC
- Synthomer
- Zhejiang Guanghua Technology
- Guangzhou Kinte Material Technology
- Hangzhou Sino-French
- Anhui Shenjian New Materials
Highlights of The Polyester Resins for Powder Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy Resin Cure
- TGIC Cure
- HAA Cure
- Lsocyanate Cure
- Others
- By Application:
- Construction Material
- Industrial
- Furniture
- Home Appliance
- Automotive
- Engineering Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyester Resins for Powder Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyester resins are a type of powder coating that is used to coat metal surfaces. Polyester resins are very durable and can withstand a lot of wear and tear. They also have a high resistance to water and chemicals, which makes them perfect for use on metal surfaces.
Some of the major players in the polyester resins for powder coating market are DSM, Allnex, ARKEMA, Stepan, DIC, Synthomer, Zhejiang Guanghua Technology, Guangzhou Kinte Material Technology, Hangzhou Sino-French, Anhui Shenjian New Materials.
The polyester resins for powder coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyester Resins for Powder Coating Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Polyester Resins for Powder Coating Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Polyester Resins for Powder Coating Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Polyester Resins for Powder Coating Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Polyester Resins for Powder Coating Market Size & Forecast, 2020-2028 4.5.1 Polyester Resins for Powder Coating Market Size and Y-o-Y Growth 4.5.2 Polyester Resins for Powder Coating Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Epoxy Resin Cure
5.2.2 TGIC Cure
5.2.3 HAA Cure
5.2.4 Lsocyanate Cure
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction Material
6.2.2 Industrial
6.2.3 Furniture
6.2.4 Home Appliance
6.2.5 Automotive
6.2.6 Engineering Machinery
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyester Resins for Powder Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyester Resins for Powder Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Epoxy Resin Cure
9.6.2 TGIC Cure
9.6.3 HAA Cure
9.6.4 Lsocyanate Cure
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction Material
9.10.2 Industrial
9.10.3 Furniture
9.10.4 Home Appliance
9.10.5 Automotive
9.10.6 Engineering Machinery
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Epoxy Resin Cure
10.6.2 TGIC Cure
10.6.3 HAA Cure
10.6.4 Lsocyanate Cure
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction Material
10.10.2 Industrial
10.10.3 Furniture
10.10.4 Home Appliance
10.10.5 Automotive
10.10.6 Engineering Machinery
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Epoxy Resin Cure
11.6.2 TGIC Cure
11.6.3 HAA Cure
11.6.4 Lsocyanate Cure
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction Material
11.10.2 Industrial
11.10.3 Furniture
11.10.4 Home Appliance
11.10.5 Automotive
11.10.6 Engineering Machinery
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Epoxy Resin Cure
12.6.2 TGIC Cure
12.6.3 HAA Cure
12.6.4 Lsocyanate Cure
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction Material
12.10.2 Industrial
12.10.3 Furniture
12.10.4 Home Appliance
12.10.5 Automotive
12.10.6 Engineering Machinery
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Epoxy Resin Cure
13.6.2 TGIC Cure
13.6.3 HAA Cure
13.6.4 Lsocyanate Cure
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction Material
13.10.2 Industrial
13.10.3 Furniture
13.10.4 Home Appliance
13.10.5 Automotive
13.10.6 Engineering Machinery
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyester Resins for Powder Coating Market: Competitive Dashboard
14.2 Global Polyester Resins for Powder Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 Allnex
14.3.3 ARKEMA
14.3.4 Stepan
14.3.5 DIC
14.3.6 Synthomer
14.3.7 Zhejiang Guanghua Technology
14.3.8 Guangzhou Kinte Material Technology
14.3.9 Hangzhou Sino-French
14.3.10 Anhui Shenjian New Materials