Powder Polyester Resins Market By Type Manufacturers, Regions, Industry Analysis
Posted by Pradnya on May 18th, 2021
As awareness regarding sustainability and environmental impact has grown, a paradigm shift was seen globally, where every industry is making necessary changes to transform to achieve sustainability with respect to the environment, and so did the chemical industry. As chemicals become more versatile, stable, and refined, their incorporation in products has grown substantially, such as in paints and coatings, adhesives, and more. Use of compounds to achieve desired properties in chemicals has increased, and one such resin compound – powder polyester resin – shows high potential to grow because of the properties it brings for key end-use sectors such as construction and paints & coatings.
The global powder polyester resins market is estimated to expand at a healthy CAGR of more than 6%, to be valued at around US$ 4.2 Bn by the end of 2030.
Key Takeaways from Powder Polyester Resins Market Study
“Apt use of properties that powder polyester resins inherit and provide to paints and coatings has paved the way for their incorporation in a number of end-use segments, thereby increasing demand. As demand is increasing, competition is increasing, and hence, manufacturers are extensively focusing on finding economic methods of manufacturing powder polyester resins to gain better market share,” says a PMR analyst.
Market Landscape Continues to Remain Moderately Fragmented
The global powder polyester resins market is fragmented in nature, and as a consequence, competition in the market is extremely high, with established players collaborating to gain an advantage over others and rising local players trying to provide cost-effective solutions. Increasing regulatory requirements demanding produce localization are also pushing global players to set up bases near their client markets. Some of the key players in the global powder polyester resins market are DIC Corporation, Arkema S.A., DSM, Marpol Private Limited, Stepan Company, Anhui Shenjian New Materials Co Ltd, Evonik Industries, Tough Color Resins Private Limited, Karna Paints, and others.
Powder Polyester Resins Market: Conclusion
East Asia has the maximum share in the global powder polyester resins market, and will hold its dominant position till the end of the forecast period. Developing regions will be key contributors, which will improve demand for powder polyester resins over the coming years. Key manufacturers will focus on improving reach and getting close to end-use markets, for which, strategic collaborations and partnerships will grow, whereas, local manufacturers will try to provide cost-effective products to compete for local business.
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Persistence Market Research has published a market research report on the powder polyester resins market that contains global industry analysis of 2015–2019 and forecasts for 2020–2030. The report provides insightful analysis of the powder polyester resins market through different segments – coating system, product type, application, end use, and region. The powder polyester resins market report also provides supply and demand trends, import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the value chain.
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About the AuthorPradnya
Joined: February 3rd, 2017
Articles Posted: 1,567
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