Polyester Resins Market Key Highlights:
- Market Size (2023): USD 1,677 Million
- Projected Market Size (2034): USD 3,715 Million
- CAGR (2023-2034): 7.5%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Polyester Resins Market Definition
The polyester resins market refers to the production, distribution, and use of these thermosetting resins, which are made up of unsaturated polyesters. These are also called fiberglass resin or laminating resin. Their properties, like durability, strength, and versatility of these resins make them indispensable materials in many industries. These resins are used for waterproofing linings, storage tanks, pipes, flat roofs, and high-specification components in automotive, aerospace, marine, and construction industries. It is economical and simple to use, and it is a major component in various industries, from aerospace to construction, which drives the growth of the polyester resins market.
The challenging factors of these resins include the presence of toxic components, poor mechanical properties, environmental concerns, strict regulations, high cost of production, etc., factors that can slow down the growth of the market. The future growth opportunities for these resins include advancement in production technology, increasing polyester-based resins industries, stringent collaborations, increasing investment in research and development, etc., which are factors that will help the growth of the polyester resins market. In May 2024, the Alesta BioCore range of ISCC Plus certified biobased powder coatings solution obtained from non-food organic waste was launched by Axalta Coating Systems. These products contain fossil fuel-based polyester resins.
Polyester Resins Market Segmentation:
By Type
- Unsaturated Polyester Resins
- Saturated Polyester Resins
By Application
- Boat and Marine
- Construction Materials
- Automotive and Aircraft Bodies
- Appliances
- Textiles
- Packaging
Polyester Resins Market Companies:
- BASF
- The DOW Chemical Company
- NCS Resins
- Nuplex
- Megara Resins
- ALTANA AG
- Freeman
- CIECH S.A
- Ashland Inc
- Royal DSM
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