Polyester Resins market

MARKET OVERVIEW:

The global Polyester Resins for Coating Market demonstrates robust expansion, valued at USD 2.8 billion in 2024 with a projected CAGR of 4.7% to reach USD 3.9 billion by 2032. This growth trajectory stems from escalating demand across construction, automotive, and industrial sectors where these resins deliver superior corrosion resistance and UV stability.

MARKET INSIGHT & GROWTH DRIVERS:

2023 CAGR 2032

The global market continues to evolve at a dynamic pace, shaped by technological advancements, shifting consumer preferences, and regulatory developments. Companies are focusing on innovation, sustainability, and strategic collaborations to strengthen their competitive positioning and meet emerging demand across diverse applications

01

MARKET SEGMENTATION:

BY TYPE

⚬Acrylic Polyester Hybrid

Cured Resin

⚬Blocked Isocyanate Cured

Hydroxyl-terminated

Polyester

⚬Epoxy Resin-cured

Carboxy-terminated

Polyester Resin

02 BY APPLICATION

⚬Construction

⚬Marine

⚬Automotive

⚬Machinery

⚬Hydroxy alkylamide-

⚬Others

MARKET DYNAMICS

The construction sector generates 42% of global demand for polyester resin coatings, fueled by infrastructure projects requiring durable protective solutions. Automotive applications are growing at 6-8% annually as electric vehicle production demands specialized thermal-management coatings.

MARKET OPPORTUNITIES

Emerging opportunities exist in wind turbine blade coatings and electronic encapsulation, where modified polyester resins demonstrate superior dielectric properties. The Middle East's mega-projects and Africa's urbanization present untapped potential, though distribution challengespersist.

COMPANY MISSION

At 24ChemicalResearch, we are dedicated to delivering expert intelligence that drives corrosion prevention strategies across global industries. Our mission is to equip manufacturers, engineers, and procurement leaders with cutting-edge insights into lubricant innovations—empowering them to extend equipment life, improve safety, and minimize downtime in even the most aggressive operating environments.

REGIONAL MARKET OUTLOOK

North America

NorthAmericamaintainstechnologicalleadershipinhighperformancecoatings,withtheU.S.accountingfor75%ofregional demand.

Europe

Europe'smarketthrivesonsustainabilityinitiatives,where manufacturerslikeBASFandArkemaarepioneeringrecyclableresin formulationstomeetEUcirculareconomytargets.

COMPETITIVE LANDSCAPE

• DIC Corporation

• DSM

• Allnex

• ARKEMA

• BASF

• Dow Chemical

• Ashland

• Zhejiang Guanghua Technology

• Guangzhou Kinte Material Technology

• Stepan Company

• Synthomer

• Anhui Shenjian New Materials

• Ciech

• Nuplex

These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

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