NEWARK, DE / ACCESSWIRE / July 11, 2023 / In 2023, the polyester resin dispersion market is expected to be worth US$ 7,635.4 million. The market is likely to reach US$ 12,200.7 million by 2033. It is anticipated to expand at 4.8% CAGR in the forecast period from 2023 to 2033.
Demand for polyester resin dispersions is expected to surge in numerous end-use industries, including coatings, adhesives, and sealants. This is due to the increasing use of polyester resin dispersions in a wide range of applications. A few of these include coatings for automobiles, packaging, and construction.
Polyester resin dispersions are becoming necessary as a result of increasing population, rising disposable income, and growing industrialization worldwide. These are driving demand from construction, automotive, and other industrial applications, thereby fueling the need for polyester resin dispersions.
One of the main end uses for polyester resin dispersions is the construction sector. High demand is anticipated for uses such as flooring, waterproofing, and grouts. Growth is set to be fueled by expanding building activity around the world and increased demand for infrastructure development.
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Dispersions of polyester resin are ideal for a variety of applications due to their adaptability and superior performance. They are utilized in a wide range of sectors, including coatings, sealants, and adhesives. Consumers prefer these dispersions since they offer advantageous characteristics such as durability, chemical resistance, and superior adherence to various surfaces.
Rising demand for sustainable and environmentally friendly products has also boosted the appeal of polyester resin dispersions. Water-based polyester resin dispersions are thought to be more environmentally benign than conventional solvent-based solutions. This is because they emit less emissions during application and curing and have lower volatile organic compound (VOC) contents.
Alternative materials have become more popular as a result of strict laws regarding the use of specific chemicals and emissions in a variety of industries, including coatings. Manufacturers use polyester resin dispersions as they can be designed to adhere to these regulations.
Key Takeaways from this Market Study:
- During the forecast period, the polyester resin dispersion industry is anticipated to expand at a CAGR of 4.8%.
- The polyester resin dispersion industry in the United States is predicted to reach US$ 366.4 million by 2033.
- With a CAGR of 5.8% from 2022 to 2033, the building & construction segment is expected to dominate the polyester resin dispersion industry.
- With a CAGR of 5.4% from 2022 to 2033, the automotive & transportation industry is expected to bolster the polyester resin dispersion industry.
- The global polyester resin dispersion market expanded at a CAGR of 4.6% between 2018 and 2022.
"In comparison to other resin systems such as epoxy or polyurethane, polyester resin dispersions can be more affordable. They might use less raw materials and have a more effective production method, which lowers the cost to producers. They can hence be the preferable option for different applications owing to their cost effectiveness," - says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape:
The polyester resin dispersion industry is highly competitive, with a significant number of players vying for more shares. Several significant participants in the market include BASF, Evonik Industries, Huntsman, SABIC, and Sinopec among other companies.
Key players are investing in new technologies to improve the efficiency and cost-effectiveness of polyester resin dispersion production. They have also expanded their distribution networks to reach new customers and markets. They also have plans to acquire other companies to expand their product offerings and increase market share.
Key players in the polyester resin dispersion industry are further engaging in mergers and acquisitions to consolidate their market position. They are focusing on expanding their product portfolio and gaining access to new markets.
Major Players are:
- BASF
- Evonik Industries
- Huntsman
- SABIC
- Sinopec
For instance,
- Evonik Industries made investments in new technology to increase the productivity and value of manufacturing polyester resin dispersion. To reach new clients and markets, the company has increased the size of its distribution networks. In order to diversify its product line and take up more market share, Evonik Industries has also purchased other businesses.
Find More Valuable Insights into Polyester Resin Dispersion Market:
The research report analyzes the global demand for polyester resin dispersions. The global polyester resin dispersion industry has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights (FMI), the market has been analyzed based on viscosity type (low, medium, high), by process (solvent-based, water-based, radiation-cured), by end-use industry (building & construction, automotive & transportation, packaging, electrical & electronics, aerospace & defense, marine, others), and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.
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Market Outlook by Category:
By Viscosity Type:
- Low
- Medium
- High
- By Process:
- Solvent-based
- Water-based
- Radiation-cured
By End-use Industry:
- Building & Construction
- Automotive & Transportation
- Packaging, Electrical & Electronics
- Aerospace & Defense
- Marine
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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