Polyester Resins Market Overview,Size, Share, Top Key Players, Growth, Trend
Posted by meera on September 7th, 2021
Reports and Data estimates the global Polyester Resins Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period.
The global Polyester Resins market is forecasted to be worth USD 15.33 Billion by 2027, according to a new report by Reports and Data. The market for the polyester resin is witnessing an increased demand owing to the high demand from industrial, construction, automotive, commercial, and marine industries. A surge in the rate of adoption of electric automotive by businesses and consumers is also encouraging the demand for polyester resins.
The growing urban population and rise in the composite industry are driving the demand for the polyester resins market.
With the growth in demand for energy efficiency of automotive, manufacturers are using polyester resins based plastics. Reduction in the styrene content and low shrinkage make polyester resin an eco-friendly alternative. A rise in the health concern in industrial activities are also propelling the market demand. The low content of styrene in the polymer resins is reducing the harmful effect of the poisonous gas, thus limiting the carbon emissions and increasing the safety standards.
The chemical industry produces a vast array of products that affect almost every part of modern life. While many of the industry\'s products, including as detergents, soaps, and perfumes, are sold directly to consumers, others are utilized as intermediates in the production of other goods. In Europe, for example, 70% of chemicals produced are used to make products for other sectors, including various branches of the chemical industry. The industry works with a variety of basic materials, including air, minerals, and oil.
With increased global competition, finding new ways for the business to satisfy it’s smarter, demanding, and environmentally sensitive consumers remains critical.
The chemical industry\'s output can be split into three categories: Basic chemicals, Specialty chemicals, and Consumer chemicals.
Basic chemicals, which are manufactured in vast quantities, are primarily sold within the chemical industry and to other industries before reaching the general public. Crop protection, paints and inks, and colorants are all examples of specialty chemicals (dyes and pigments). Chemicals utilized in industries as diverse as textiles, paper, and engineering are included.
Key Manufacturers of the Polyester Resins Market Studied in the Report are:
Ashland Inc., Polynt, BASF SE, Reichhold Inc., Royal DSM, AOC LLC, Nuplex Industries Ltd., UPC Technology Corp., Scott Bader Company Ltd., and U-Pica Company Ltd., among others.
Type Outlook (Revenue, USD Billion; 2017-2027)
End Users Outlook (Revenue, USD Billion; 2017-2027)
Regional Analysis of the Polyester Resins Market Includes:
Key Questions answered by the Report:
The report also covers a thorough SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the growth curve of the key competitors of the market. It also covers feasibility analysis and investment return analysis to ascertain the stakeholders and investors gain maximum returns on their investments. In conclusion, the global Polyester Resins report is a qualitative and quantitative research document that offers vital insights into the Polyester Resins market that help businesses and investors gain a competitive edge over the other competitors.
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About the Authormeera
Joined: April 2nd, 2021
Articles Posted: 232
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