Market
Overview:
Liquid
saturated polyester resin is one of the type of saturated polyester in which
the polyester backbone is saturated, thus they are not as reactive as
unsaturated polyesters. Comparatively they possess low molecular weight which
make them suitable for production of plasticizers and as reactants in the manufacturing
of urethane polymers, and in linear high molecular weight thermoplastics such
as PET. Most commonly reactant for the saturated polyesters are glycol and an
acid or anhydride. They offer excellent weather resistance, chemical
resistance, provide adhesion to various kind of substrates thus find wide
application scope as automotive paints, can & coil coating, industrial
paints, flexible & rigid packaging, and others.
Free
Sample @ https://www.marketresearchfuture.com/sample_request/4406
Some of the
prominent factors that positively influence the growth of Liquid Saturated
Polyester Resin Market are growing urbanization, improving packaging sector,
and rising standard of living. Rising population coupled with increasing demand
for packaging products is predicted to fuel the demand for packaging material
such as containers and cans, which in turn, propel the demand for liquid
saturated polyester resin over the forecast period, 2017 to 2023. Moreover,
huge investments by the key operating players in the research and development
activities coupled with strong acceptance within the end use industries are
expected to fuel the growth of the market during the review period.
Competitive Analysis:
Some of the major
players operating in the Liquid Saturated Polyester Resin Market include Royal DSM N.V. (the Netherlands), Evonik Industries
(Germany), The Nippon Synthetic Chemical Industry Co.,Ltd (Japan), Stepan
Company (U.S.), Arkema S.A. (France), Allnex Group (Belgium), Hitachi Chemical
Co., Ltd (Japan), Thai Urethane Plastic Co.,Ltd. (Thailand), NOVARESINE SRL
(Italy), Karna Paints (India), Worlee-Chemie GmbH (Germany), and others
Market Segmentation:
Globally, Liquid Saturated Polyester Resin Market is segmented on the basis of application such
as automotive paints, can & coil coating, industrial paints, flexible &
rigid packaging, and others. Among these, can & coil coating and automotive
paints are expected to hold the larger share as compared to other segments.
Rising demand for consumer goods in numerous countries across the globe is the
main factor for the significant growth of the segment in the upcoming years.
Moreover, increasing automotive production and sales along with the rising
consumption of automotive paints is expected to propel the growth of the market
during the forecast period. Moreover, liquid saturated polyester resin are
widely utilized in the production of industrial paints. Expansion of general
industries such as chemical, steel, fertilizer, and consumer goods are
predicted to fuel the demand for liquid saturated polyester resin.
Additionally, rising construction activities in the developed and developing
nations combined the growth of the paints & coatings industry is predicted
to give new impetus to the market growth over the assessment period.
Regional Analysis:
Asia Pacific is
estimated to be the largest market for liquid saturated polyester resin
followed by North America and Europe due to rising demand from numerous sectors
such as automotive, packaging, and can & coil coating among others. Numerous countries of Asia Pacific such as
China, India, Bangladesh, Vietnam, South Korea, Japan and Malaysia are the
fastest growing market for liquid saturated polyester resin, and is predicted
to grow with the significant pace during the assessment period. Increasing
middle class population, availability of cheap labor & land, and
competitive manufacturing costs are also the important factors driving the
growth of the market in the Asia Pacific region. North American Liquid
Saturated Polyester Resin Market is predicted to witness an average growth with
U.S and Canada being the major contributors owing to the expansion of packaging
and construction sector. European market is expected to witness a substantial
growth in the upcoming years on account of growing demand for liquid saturated
polyester resin in packaging and automotive sector.
Access
Report Details @ https://www.marketresearchfuture.com/reports/liquid-saturated-polyester-resin-market-4406
Market Research
Future (MRFR) is a global market research company that takes pride in its
services, offering a complete and accurate analysis with regard to diverse
markets and consumers worldwide. MRFR’s approach combines the proprietary
information with various data sources to give an extensive understanding to the
client about the latest key developments, expected events and also about what
action to take based on these aspects.
Our fast growing
industry research firm is backed by a proficient team of research analysts that
offers valuable analytics and data with respect to technological and economical
advancements. Our deemed analysts perform industrial visits and procure the
relevant information from prominent market players. Our key objective is to
keep our clients abridged of the potential opportunities and challenges in
different markets. We provide step-by-step assistance to our respected clients,
via strategic and consulting services to reach a managerial and actionable
decision.
Contact
Market Research Future
Maharashtra, India
+1 646 845 9312
No comments:
Post a Comment