Saturated Polyester Resins Market Size, Share & Trends Analysis Report, By Application, By End-user, By Region, And Segment Forecasts, 2023 To 2030

The global saturated polyester resins market is expected to observe a considerable growth over the forecast period. The demand for these resins is being driven by a number of factors, including the increasing use of composites in various industries, such as automotive, aerospace, and construction. Saturated polyester resins are also used in coatings, adhesives, and electrical insulation, which are in high demand globally.

The saturated polyester resin is well known for its excellent physical and chemical properties such as high mechanical strength, good resistance to chemical and weathering and excellent adhesion. The market for sustainable and bio-based saturated polyester resins is also expected to grow in the coming years, as there is a growing demand for environmentally-friendly products across various industries. This presents an opportunity for companies to innovate and develop new products that meet the changing needs of the market.

The market is segmented on basis of application, end-user, and region. The application segment is divided into coatings, adhesives, composites, and others. The end-user segment consists of companies from automotive, aerospace, construction, packaging, and other industries.

The Asia-Pacific region is the largest consumer of saturated polyester resins, with China being the largest market. The growth in the region can be attributed to the increasing demand from the construction, automotive, and electrical industries. Europe and North America are also significant markets for saturated polyester resins, driven by the demand from the automotive and construction industries.

Some of the key players in the saturated polyester resins market include DSM, BASF SE, Stepan Company, Polynt, and Royal DSM. These companies are focusing on expanding their product portfolios, developing new products, and expanding their production capacities to meet the increasing demand for saturated polyester resins.