Report Scope:
The report offers an exhaustive description and evaluation of the global polyester resin market. It provides in-depth qualitative and quantitative insights, aligning with the goals and objectives of our intended customers. Projections are verified through intensive primary and secondary research. This report will enable clients to invest in the global polyester resin market knowing the current business scenario, trends, and future development expectations in each segment. With the client’s needs in mind, the report provides expert insight into the global polyester resin industry, its services, and market trends. The market is forecast through a bottom-up approach, including an evaluation of the market through revenue generated by key vendors. It consists of market statistics from affirmed private publishers and various public organizations. The data encompasses the newest industry players and pre-eminent company profiles. The information is thoroughly examined through extensive primary and secondary research carried out by research analysts.
The global polyester resin market has been segmented on the basis of resin type, form, and end-user. Geographically, the market has been divided into North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). Furthermore, a country-specific breakdown of the market is also included in the report. Countries were included mainly on the basis of total revenue generated. Major countries included in the report are the U.S., Canada, Germany, the UK, Spain, Italy, France, China, Japan, South Korea, and India. Sales data for global and regional markets were corroborated for the present and forecasted values based on statistical analysis.
Estimated values used are based on market players’ total revenues and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation. Annual reports and forward-looking statement of global polyester resin market players, annual sales of market players, and the average cost of raw material and services are considered for market estimations. Many global polyester resin market players and potential startups are profiled in the report in order to better understand the market.
This report on the polyester resin market provides a market overview and detailed segmental analysis of the market including resin type, form, and end-use industry. The company profiles in this report include a detailed introduction, product portfolios, and recent developments. The report also includes regulatory aspects, current and developing technologies, market projections, and market share.
Report Includes:
- 35 data tables and 27 additional tables
- An overview of the global polyester resin market and description of its applications in various sectors
- Estimation of the market size and analyses of global market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2026
- Impact analysis of COVID-19 pandemic on polyester resins market and highlights of the new products and technologies within the industry
- Analysis of market trends and explanation of factors driving and restraining the growth and a relevant patent analysis
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Comprehensive company profiles of major players of the industry, including Alchemie Ltd., BASF SE, Deltech Corp., Mechemco Resins Pvt., Ltd., Polynt SpA, and SABIC
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
- Asia-Pacific Dominance
- Unsaturated Polyester Resin
- Eco-friendly Products
- COVID-19 and the Global Polyester Resin Market
- Recent Product Launches
- Value Chain Analysis
- Raw Material Analysis
- Porter's Five Forces Analysis
- Regulatory Framework
- New Source Performance Standards (NSPS)
- National Emissions Standards for Hazardous Air Pollutants (NESHAP) and Maximum Achievable Control Technology (MACT) Standards
- Plastics Material, Synthetic Resin and Nonvulcanizable Elastomer Manufacturing
- Resource Conservation and Recovery Act (RCRA)
- Emergency Planning and Community Right-to-Know Act (EPCRA)
- SDAPCD Rule 67.12
- REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) Regulation (EC) 1907/2006
- Market Dynamics
- Market Drivers
- Limitations and Challenges
- Market Opportunities
- Global Impact of COVID-19
- Impact of COVID-19 on Polyester Resin Production and Demand
- Impact of COVID-19 Pandemic on Polyester Resin Prices
Chapter 4 Market Breakdown by Type
- Vinyl Ester Resin
- Applications of EVER
- Alkyd Resin
- Alkyd Resin in Paint
- Saturated Polyester Resin
- Applications of Saturated Polyester Resin
- Key Developments
- Unsaturated Polyester Resin (UPR)
- Advantages of UPR
- Disadvantages of UPR
- Product Offerings in UPR
- Orthophthalic Resin
- Isophthalic Resins
- Dicyclopentadiene (DCPD) Resin
- Others (Gelcoat Resin and Terephthalic Resin)
Chapter 5 Market Breakdown by End User
- Building and Construction
- Growth Factors: Building and Construction
- Marine
- Paint and Coatings
- Growth Drivers: Paint and Coatings Industry
- Electrical and Electronics
- Growth Factors: Electrical and Electronics Industry
- Automotive and Transportation
- Growth Factors: Automotive and Transportation Industry
- Tanks and Pipes
- Growth Factors: Tanks and Pipes Industry
- Others (Wind Energy and Packaging)
- Packaging
Chapter 6 Market Breakdown by Form
- Liquid
- Solid (Granules/Powder)
- Expansion of Powder Polyester Resin Manufacturing Facility
Chapter 7 Market Breakdown by Region
- North America
- United States
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Chapter 8 Patent Review/New Developments
- Patents, by Category and Region
- Europe
- Japan
Chapter 9 Analysis of Market Opportunities
- Competitive Dashboard
- Key Activities
Chapter 10 Company Profiles
- Alchemie Ltd.
- Allnex Netherlands B.V.
- AOC LLC
- Arkema Group
- Ashland Global Holdings Inc.
- BASF SE
- Bufa Gmbh & Co. Kg
- Ciech S.A.
- Hexion Specialty Chemicals Inc.
- Crystic Resins India Pvt., Ltd.
- Deltech Corp.
- DIC Corp.
- The Dow Chemical Co.
- Dupont De Nemours Inc.
- Eastman Chemical Co.
- Eternal Materials Co., Ltd.
- Evonik Industries Ag
- Gremolith Ag
- Huangshan Huizhou Kangjia Chemical Co., Ltd.
- Ineos Ag
- Interplastic Corp.
- Koninklijke Dsm N.V.
- Lerg S.A.
- Macroocean Materials Europe Gmbh
- Marte Spa
- Mechemco Resins Pvt., Ltd.
- Miles Chemical Co.
- Mitsubishi Chemical Corp.
- Orgichemie Fz Llc
- Poliya Polyester Industry And Trade Ltd.
- Polynt Spa
- Polychem Resins Int. Industries Llc
- Qualipoly Chemical Corp.
- Ran Chemicals Pvt., Ltd.
- Reichhold Llc
- Sabic
- Satyen Polymers Pvt., Ltd.
- Scott Bader Co., Ltd.
- Serkim Resin
- Showa Denko K.K.
- Tianhe Co.
- U-Pica Co., Ltd.
List of Tables
Summary Table: Global Market for Polyester Resin, by Type, Through 2026
Table 1: Maleic Anhydride’s Chemical Properties
Table 2: Major Producers of Maleic Anhydride
Table 3: Maleic Anhydride’s Properties
Table 4: Propylene Glycol’s Properties
Table 5: Comparison: Polyester and Epoxy Resin
Table 6: End-Use Industry Insight, 2019-2020
Table 7: Global Market for Polyester Resin, by Type, Through 2026
Table 8: Product Offerings: Vinyl Ester Resins
Table 9: Global Market for Vinyl Ester Resin, by Region, Through 2026
Table 10: Global Market for Alkyd Resin, by Region, Through 2026
Table 11: Saturated and Unsaturated Polyester Resin
Table 12: Product Offerings of Saturated Polyester Resin
Table 13: Global Market for Saturated Polyester Resin, by Region, Through 2026
Table 14: Unsaturated Polyester Resin
Table 15: Global Market for Unsaturated Polyester Resin, by Type, Through 2026
Table 16: Global Market for Unsaturated Polyester Resin, by Region, Through 2026
Table 17: Global Market for Polyester Resin, by End-Use Industry, Through 2026
Table 18: Properties and Applications: Polyester Systems, Construction Industry
Table 19: Polyester Resins, Building and Construction Industry
Table 20: Global Market for Polyester Resin of Buildings and Construction, by Region, Through 2026
Table 21: Polyester Resin, Marine Industry
Table 22: Global Market for Polyester Resin of Marine Industry, by Region, Through 2026
Table 23: Polyester Resins of Paint and Coatings Industry
Table 24: Global Market for Polyester Resin of Paint and Coatings Industry End Use, by Region, Through 2026
Table 25: Polyester Resins: Polynt SpA, Electrical and Electronics Applications
Table 26: Global Market for Polyester Resin of Electrical and Electronics Industry, by Region, Through 2026
Table 27: Global Market for Polyester Resin of Automotive and Transportation Industry, by Region, Through 2026
Table 28: Product Offerings: Tanks and Pipes
Table 29: Global Market for Polyester Resin of Tanks and Pipes Industry, by Region, Through 2026
Table 30: Wind Blade Parts and Functioning
Table 31: Global Market for Polyester Resin of Other End-Use Industries, by Region, Through 2026
Table 32: Global Market for Polyester Resin, by Form, Through 2026
Table 33: Properties: Liquid Resins
Table 34: Liquid Polyester Resins, by Global Composite
Table 35: Global Market for Liquid Polyester Resin, by Region, Through 2026
Table 36: Solid/Powder Polyester Resins, 2019 and 2020
Table 37: Global Market for Solid Polyester Resin, by Region, Through 2026
Table 38: North American Market for Polyester Resin, by Country, Through 2026
Table 39: North American Market for Polyester Resin, by Type, Through 2026
Table 40: North American Market for Polyester Resin, by Form, Through 2026
Table 41: North American Market for Polyester Resin, by End-Use Industry, Through 2026
Table 42: Contributions in COVID-19 Pandemic, by Company, 2020
Table 43: European Market for Polyester Resin, by Country, Through 2026
Table 44: European Market for Polyester Resin, by Type, Through 2026
Table 45: European Market for Polyester Resin, by Form, Through 2026
Table 46: European Market for Polyester Resin, by End-Use Industry, Through 2026
Table 47: Impact of COVID-19 in Commercial Vehicle Manufacturing, 2019 and 2020
Table 48: Asia-Pacific Market for Polyester Resin, by Country, Through 2026
Table 49: Asia-Pacific Market for Polyester Resin, by Type, Through 2026
Table 50: Asia-Pacific Market for Polyester Resin, by Form, Through 2026
Table 51: Asia-Pacific Market for Polyester Resin, by End-Use Industry, Through 2026
Table 52: Regional Players and Products
Table 53: Rest of the World Market for Polyester Resin, by Type, Through 2026
Table 54: Rest of the World Market for Polyester Resin, by Form, Through 2026
Table 55: Rest of the World Market for Polyester Resin, by End-Use Industry, Through 2026
Table 56: Patents, by Category and Region, January 2018-August 2020
Table 57: Analyzed Patents, January 2018-August 2020
Table 58: Analyzed Patents in Europe, January 2018-August 2020
Table 59: Analyzed Patents, January 2018-August 2020
Table 60: Key Players: Polyester Resin Market
Table 61: Estimated Base Point Share Analysis, by Key Market Players of Polyester Resin Market, 2018 and 2019
List of Figures
Summary Figure: Global Market for Polyester Resin, by Type, 2019-2026
Figure 1: Value Chain Analysis of Polyester Resin Market
Figure 2: Porter’s Five Forces Analysis
Figure 3: Global Coatings Market, by Region, 2017 and 2018
Figure 4: International Crude Oil, Prices Per Barrel, 2017-2020
Figure 5: Global Market for Polyester Resin, by Region, 2019-2026
Figure 6: Global Market for Polyester Resin, by Region, 2019 and 2026
Figure 7: Share of Materials Used in High-Rise Buildings in Canada
Figure 8: Wind Energy Generated in U.S. and Canada, 2016-2019
Figure 9: Residential and Non-residential Construction in U.S., 2019 and 2020
Figure 10: Wind Energy Consumption in U.S., 2016-2019
Figure 11: Wind Energy Consumption in Canada, 2016-2019
Figure 12: EU Chemical Sales Share, by Chemical Type, 2018
Figure 13: Renewable Energy Share, by Energy Source, 2019
Figure 14: Wind Energy Generation in Europe, 2015-2019
Figure 15: Wind Energy Generation in UK, 2016-2019
Figure 16: Wind Energy Generation in Germany, 2016-2019
Figure 17: Wind Energy Generation in France, 2016-2019
Figure 18: Total Vehicle Sales in France, 2016-2019
Figure 19: Wind Energy Generation in Italy, 2016-2019
Figure 20: Renewable Energy Generation Share in Spain, by Energy Source, 2019
Figure 21: Total Vehicle Sales in Emerging Economies in Europe, 2019
Figure 22: Wind Energy Generation in India, 2016-2019
Figure 23: Market Values: Top Japanese Ships, by Category, January 1, 2019
Figure 24: Market Values: Top South Korean Ships, by Category, January 1, 2019
Figure 25: Renewable Energy Generation in Key Latin American Countries, by Energy Source, 2019
Figure 26: Patents, by Top Assignees, January 2018-August 2020
Figure 27: Patents, Key Players in U.S., January 2018-August 2020
Figure 28: Patents, Key European Players, January 2018-August 2020
Figure 29: Patents, Key Japanese Players, January 2018-August 2020
Figure 30: Polyester Resin Market, by Key Players, 2018 and 2019
Figure 31: Key Players: Global Details
Figure 32: Distributors and Manufacturers, by Region
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Executive Summary
Polyester resin is a viscous, pale-colored composite, that is widely used in marine, paint and coatings, tanks and pipes, and construction industries. Polyester resin is an economical and widely-used matrix in the resin family. The addition of styrene (up-to 50.0%), makes the resin easier to handle, as styrene tends to reduce the viscosity of the polyester resin. Many polyester structures are used in industry today, which displays a wide range of the resins’ properties and applications. Therefore, it is considered a major chemical compound in the chemical industry.
The global polyester resin market is expected to grow considerably during the forecast period due to increasing demand for polyester resin in buildings and construction, paint and coatings, tanks and pipes, and in the marine industry. The continuous construction of skyscrapers and smart city projects in emerging economies, such as India and China, offer growth opportunities to the global polyester resin market. According to the Institution of Civil Engineers (ICE), the global construction industry is expected to reach $8 trillion by 2030, primarily driven by China, India, and the U.S.
Increasing demand for polyester resin from the paint, coatings, and energy industries drives the global polyester resin market. Good corrosion resistance, high-temperature tolerance, good mechanical properties, and ease of manufacturing are key benefits of using polyester resin. According to Coatings World, the market value of coatings is continuously increasing, thereby initiating growth in the polyester resin market. Government projects in renewable energy offer growth to the market during the forecast period. For instance, in India, the PradhanMantri Kisan Urja Suraksha evamUtthaanMahabhiyaan (PM KUSUM) launched in 2019, aiming to add solar and other renewable capacities of 25,750 MW by 2022.
Continuous growth in the demand for packaged food items due to rising disposable income, along with the availability of different flavors, supports the growth of polyester resin in the packaging industry. The prospect of environmentally-friendly/bio-based polyester resin is expected to offer growth opportunities in the polyester resin market during the forecast period. Rising awareness among consumers and organizations regarding the environmental impact and sustainability of chemical products minimizes the environmental footprint of chemicals, worldwide. Considerable growth can be expected in the polyester resin market with the widespread introduction of bio-based polyester resin soon.
However, certain factors impede global market growth: instability of raw material prices and characteristic disadvantages of polyester resin versus epoxy resins. There has been a recent spike in the price of raw materials (maleic anhydride) In 2019, methylmethacrylate prices increased by 30.0%, and polyester, epoxy, and polyurethane resin prices have also increased significantly. Due to fluctuating raw material prices, the cost of end-products of polyester resin will increase and consumption is expected to decrease, negatively affecting the market growth.
Companies Mentioned
- Alchemie Ltd.
- Allnex Netherlands B.V.
- AOC LLC
- Arkema Group
- Ashland Global Holdings Inc.
- BASF SE
- Bufa Gmbh & Co. Kg
- Ciech S.A.
- Hexion Specialty Chemicals Inc.
- Crystic Resins India Pvt., Ltd.
- Deltech Corp.
- DIC Corp.
- The Dow Chemical Co.
- Dupont De Nemours Inc.
- Eastman Chemical Co.
- Eternal Materials Co., Ltd.
- Evonik Industries Ag
- Gremolith Ag
- Huangshan Huizhou Kangjia Chemical Co., Ltd.
- Ineos Ag
- Interplastic Corp.
- Koninklijke Dsm N.V.
- Lerg S.A.
- Macroocean Materials Europe Gmbh
- Marte Spa
- Mechemco Resins Pvt., Ltd.
- Miles Chemical Co.
- Mitsubishi Chemical Corp.
- Orgichemie Fz Llc
- Poliya Polyester Industry And Trade Ltd.
- Polynt SPA
- Polychem Resins Int. Industries Llc
- Qualipoly Chemical Corp.
- Ran Chemicals Pvt., Ltd.
- Reichhold Llc
- Sabic
- Satyen Polymers Pvt., Ltd.
- Scott Bader Co., Ltd.
- Serkim Resin
- Showa Denko K.K.
- Tianhe Co.
- U-Pica Co., Ltd.
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