Market Overview:
The global polyester resins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyester resins from various end-use industries, such as boat and marine, construction materials, automotive and aircraft bodies, appliances, textiles, and packaging. Polyester resins are used as a binder in these industries owing to their properties such as high strength-to-weight ratio, chemical resistance, thermal stability, and low shrinkage. North America is expected to lead the global polyester resins market during the forecast period due to the presence of key players in this region and rising demand for lightweight composites from end-use industries.
Product Definition:
A polyester resin is a synthetic resin that is made from polyesters. Polyester resins are important because they are used to make plastic products.
Unsaturated Polyester Resins:
Unsaturated polyester resins are a group of chemicals that are polymerized to form polyesters. These resins have applications in the construction, automotive and electrical industries. The growth factor in the market is its unique properties such as high heat resistance, excellent mechanical strength and chemical inertness which makes it suitable for various end-use industries.
Saturated Polyester Resins:
SATURATED PPR is a special type of polyester resin, which contains carbon-carbon double bonds in the main chain. The product has excellent properties such as high heat resistance and good chemical resistance. It also has low moisture absorption and shows less shrinkage on drying than other polyesters.
Application Insights:
Boat and marine was the largest application segment in 2017, accounting for over 35% of the overall demand. The product is widely used in manufacturing boats, yachts and ships as it offers superior resistance to water, sunlight and saltwater. Rising demand for high-performance boats across the world is expected to drive market growth over the forecast period.
Polyester resins are also used in manufacturing of household appliances such as washing machines & dishwashers on account of their durability and low maintenance cost. In addition, increasing disposable income levels coupled with a growing population has led to an increased consumption of energy intensive products like electric cookers which further supports market growth. Increasing textile production across emerging economies including China India & Brazil owing to rising population has supported polyester resin consumption globally since past few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of APAC can be attributed to increasing demand from countries such as China, India, Japan, and South Korea. Factors such as low raw material cost coupled with easy availability of land for expansion are anticipated to drive industry growth in APAC region over the forecast period.
The growing automotive sector across Europe is likely to have a positive impact on market growth during the projected period. In addition, recovery of construction industry post-recession is also estimated to benefit polyester resins demand across Europe during 2018 - 2030 time frame.
North America emerged as second major consumer after Asia Pacific owing to presence various end-use industries including marine & boating equipment manufacturing; appliances manufacturing; automotive components manufacturing etc.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and electrical & electronics
- Rising demand for lightweight and durable polyester resins in the automotive sector
- Growing popularity of polyester resins in wind energy applications
- Increasing use of polyester resins in composites manufacturing
- Proliferation of new applications for polyester resins
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyester Resins Market Research Report
By Type
Unsaturated Polyester Resins, Saturated Polyester Resins
By Application
Boat and Marine, Construction Materials, Automotive and Aircraft Bodies, Appliances, Textiles, Packaging
By Companies
BASF, The DOW Chemical Company, NCS Resins, Nuplex, Megara Resins, ALTANA AG, Freeman, CIECH S.A, Ashland Inc, Royal DSM
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Polyester Resins Market Report Segments:
The global Polyester Resins market is segmented on the basis of:
Types
Unsaturated Polyester Resins, Saturated Polyester Resins
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
Boat and Marine, Construction Materials, Automotive and Aircraft Bodies, Appliances, Textiles, Packaging
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:
- BASF
- The DOW Chemical Company
- NCS Resins
- Nuplex
- Megara Resins
- ALTANA AG
- Freeman
- CIECH S.A
- Ashland Inc
- Royal DSM
Highlights of The Polyester Resins 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:
- Unsaturated Polyester Resins
- Saturated Polyester Resins
- By Application:
- Boat and Marine
- Construction Materials
- Automotive and Aircraft Bodies
- Appliances
- Textiles
- Packaging
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 resin that is made from polyesters. Polyester resins are used in a variety of applications, including plastics, composites, and adhesives.
Some of the major players in the polyester resins market are BASF, The DOW Chemical Company, NCS Resins, Nuplex, Megara Resins, ALTANA AG, Freeman, CIECH S.A, Ashland Inc, Royal DSM.
The polyester resins 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyester Resins 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 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 Market Size & Forecast, 2018-2028
4.5.1 Polyester Resins Market Size and Y-o-Y Growth
4.5.2 Polyester Resins Market Absolute $ Opportunity
Chapter 5 Global Polyester Resins 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 Polyester Resins Market Size Forecast by Type
5.2.1 Unsaturated Polyester Resins
5.2.2 Saturated Polyester Resins
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyester Resins 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 Polyester Resins Market Size Forecast by Applications
6.2.1 Boat and Marine
6.2.2 Construction Materials
6.2.3 Automotive and Aircraft Bodies
6.2.4 Appliances
6.2.5 Textiles
6.2.6 Packaging
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyester Resins 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 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 Polyester Resins Analysis and Forecast
9.1 Introduction
9.2 North America Polyester Resins 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 Polyester Resins Market Size Forecast by Type
9.6.1 Unsaturated Polyester Resins
9.6.2 Saturated Polyester Resins
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 Polyester Resins Market Size Forecast by Applications
9.10.1 Boat and Marine
9.10.2 Construction Materials
9.10.3 Automotive and Aircraft Bodies
9.10.4 Appliances
9.10.5 Textiles
9.10.6 Packaging
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 Polyester Resins Analysis and Forecast
10.1 Introduction
10.2 Europe Polyester Resins 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 Polyester Resins Market Size Forecast by Type
10.6.1 Unsaturated Polyester Resins
10.6.2 Saturated Polyester Resins
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 Polyester Resins Market Size Forecast by Applications
10.10.1 Boat and Marine
10.10.2 Construction Materials
10.10.3 Automotive and Aircraft Bodies
10.10.4 Appliances
10.10.5 Textiles
10.10.6 Packaging
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 Polyester Resins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyester Resins 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 Polyester Resins Market Size Forecast by Type
11.6.1 Unsaturated Polyester Resins
11.6.2 Saturated Polyester Resins
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 Polyester Resins Market Size Forecast by Applications
11.10.1 Boat and Marine
11.10.2 Construction Materials
11.10.3 Automotive and Aircraft Bodies
11.10.4 Appliances
11.10.5 Textiles
11.10.6 Packaging
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 Polyester Resins Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyester Resins 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 Polyester Resins Market Size Forecast by Type
12.6.1 Unsaturated Polyester Resins
12.6.2 Saturated Polyester Resins
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 Polyester Resins Market Size Forecast by Applications
12.10.1 Boat and Marine
12.10.2 Construction Materials
12.10.3 Automotive and Aircraft Bodies
12.10.4 Appliances
12.10.5 Textiles
12.10.6 Packaging
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) Polyester Resins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyester Resins 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) Polyester Resins Market Size Forecast by Type
13.6.1 Unsaturated Polyester Resins
13.6.2 Saturated Polyester Resins
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) Polyester Resins Market Size Forecast by Applications
13.10.1 Boat and Marine
13.10.2 Construction Materials
13.10.3 Automotive and Aircraft Bodies
13.10.4 Appliances
13.10.5 Textiles
13.10.6 Packaging
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 Market: Competitive Dashboard
14.2 Global Polyester Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 The DOW Chemical Company
14.3.3 NCS Resins
14.3.4 Nuplex
14.3.5 Megara Resins
14.3.6 ALTANA AG
14.3.7 Freeman
14.3.8 CIECH S.A
14.3.9 Ashland Inc
14.3.10 Royal DSM
