Global Saturated Polyester Resin Market Size Study, by Type (Liquid SPR and Solid SPR), by Application (Powder Coatings, Industrial Paints, Coil & Can Coatings, Automotive Paints, Flexible Packaging, and 2K PU Coatings), and Regional Forecasts 2022-2032
Description
The Global Saturated Polyester Resin Market was valued at approximately USD 5.34 billion in 2023 and is anticipated to grow at a CAGR of 5.83% during the forecast period from 2024 to 2032. Saturated polyester resins (SPRs) have emerged as a critical component in the coatings industry, finding extensive applications in powder coatings, coil & can coatings, industrial paints, and automotive finishes. The increasing adoption of environmentally friendly and high-performance coatings has fueled the demand for SPRs, as they offer superior adhesion, flexibility, and chemical resistance while being low in volatile organic compounds (VOCs).
The market's growth trajectory is largely driven by the surging demand for durable and high-gloss coatings in the construction, automotive, and packaging industries. Powder coatings, in particular, have gained significant traction as industries shift toward sustainable and solvent-free solutions. Furthermore, the expansion of industrial and infrastructure projects worldwide has led to a heightened requirement for corrosion-resistant coatings, further propelling market demand. However, the industry faces challenges related to raw material price fluctuations and the stringent regulatory landscape surrounding solvent-based coatings. Nonetheless, continuous advancements in polymer chemistry and the development of bio-based saturated polyester resins are unlocking new avenues for innovation and sustainability in the market.
The North American market is characterized by increasing investments in eco-friendly coating technologies, driven by regulatory frameworks emphasizing low-VOC formulations. The United States, in particular, is a leading market, with manufacturers focusing on R&D initiatives to enhance product efficiency and sustainability. Europe follows closely, supported by strict environmental policies and the widespread adoption of high-performance coatings in automotive and industrial applications.
Asia-Pacific is projected to witness the fastest growth over the forecast period, fueled by rapid industrialization, booming automotive production, and an expanding construction sector in key economies such as China, India, and Japan. The region’s thriving manufacturing sector and rising consumer preference for high-durability coatings are further accelerating market expansion. Meanwhile, Latin America and the Middle East & Africa are emerging as lucrative markets, with increasing investments in infrastructure development and industrial coatings providing growth opportunities.
Major Market Players Included in This Report:
• BASF SE
• Allnex Group
• DSM
• Arkema S.A.
• Evonik Industries AG
• Stepan Company
• DIC Corporation
• Synthomer plc
• Covestro AG
• Mitsubishi Chemical Corporation
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• TIGER Coatings GmbH & Co. KG
• Sherwin-Williams Company
• Wacker Chemie AG
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Type:
• Liquid SPR
• Solid SPR
By Application:
• Powder Coatings
• Industrial Paints
• Coil & Can Coatings
• Automotive Paints
• Flexible Packaging
• 2K PU Coatings
By Region:
North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032
Key Takeaways:
• Market Estimates & Forecasts for 10 years (2022-2032).
• Annualized revenue breakdown and regional-level analysis for each market segment.
• Detailed geographical assessment with country-level insights.
• Competitive landscape overview with company profiles and key market strategies.
• Analysis of key business trends and recommendations for market players.
• Evaluation of market structure and competition in the saturated polyester resin industry.
• Demand-side and supply-side dynamics analysis.
The market's growth trajectory is largely driven by the surging demand for durable and high-gloss coatings in the construction, automotive, and packaging industries. Powder coatings, in particular, have gained significant traction as industries shift toward sustainable and solvent-free solutions. Furthermore, the expansion of industrial and infrastructure projects worldwide has led to a heightened requirement for corrosion-resistant coatings, further propelling market demand. However, the industry faces challenges related to raw material price fluctuations and the stringent regulatory landscape surrounding solvent-based coatings. Nonetheless, continuous advancements in polymer chemistry and the development of bio-based saturated polyester resins are unlocking new avenues for innovation and sustainability in the market.
The North American market is characterized by increasing investments in eco-friendly coating technologies, driven by regulatory frameworks emphasizing low-VOC formulations. The United States, in particular, is a leading market, with manufacturers focusing on R&D initiatives to enhance product efficiency and sustainability. Europe follows closely, supported by strict environmental policies and the widespread adoption of high-performance coatings in automotive and industrial applications.
Asia-Pacific is projected to witness the fastest growth over the forecast period, fueled by rapid industrialization, booming automotive production, and an expanding construction sector in key economies such as China, India, and Japan. The region’s thriving manufacturing sector and rising consumer preference for high-durability coatings are further accelerating market expansion. Meanwhile, Latin America and the Middle East & Africa are emerging as lucrative markets, with increasing investments in infrastructure development and industrial coatings providing growth opportunities.
Major Market Players Included in This Report:
• BASF SE
• Allnex Group
• DSM
• Arkema S.A.
• Evonik Industries AG
• Stepan Company
• DIC Corporation
• Synthomer plc
• Covestro AG
• Mitsubishi Chemical Corporation
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• TIGER Coatings GmbH & Co. KG
• Sherwin-Williams Company
• Wacker Chemie AG
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Type:
• Liquid SPR
• Solid SPR
By Application:
• Powder Coatings
• Industrial Paints
• Coil & Can Coatings
• Automotive Paints
• Flexible Packaging
• 2K PU Coatings
By Region:
North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032
Key Takeaways:
• Market Estimates & Forecasts for 10 years (2022-2032).
• Annualized revenue breakdown and regional-level analysis for each market segment.
• Detailed geographical assessment with country-level insights.
• Competitive landscape overview with company profiles and key market strategies.
• Analysis of key business trends and recommendations for market players.
• Evaluation of market structure and competition in the saturated polyester resin industry.
• Demand-side and supply-side dynamics analysis.
Table of Contents
285 Pages
- Chapter 1. Global Saturated Polyester Resin Market Executive Summary
- 1.1. Global Saturated Polyester Resin Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.1.1. Liquid SPR
- 1.3.1.2. Solid SPR
- 1.3.2. By Application
- 1.3.2.1. Powder Coatings
- 1.3.2.2. Industrial Paints
- 1.3.2.3. Coil & Can Coatings
- 1.3.2.4. Automotive Paints
- 1.3.2.5. Flexible Packaging
- 1.3.2.6. 2K PU Coatings
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Saturated Polyester Resin Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Saturated Polyester Resin Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand for High-Performance Coatings in Construction, Automotive, and Packaging
- 3.1.2. Increasing Adoption of Eco-Friendly and Low-VOC Coating Solutions
- 3.1.3. Expansion of Industrial and Infrastructure Projects Worldwide
- 3.2. Market Challenges
- 3.2.1. Fluctuations in Raw Material Prices and Production Costs
- 3.2.2. Stringent Regulatory Requirements for Solvent-Based Coatings
- 3.3. Market Opportunities
- 3.3.1. Innovation in Bio-Based and Sustainable SPR Formulations
- 3.3.2. Technological Advancements in Coating Performance and Durability
- 3.3.3. Growth in Emerging Markets Driven by Infrastructure Development
- Chapter 4. Global Saturated Polyester Resin Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Saturated Polyester Resin Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Saturated Polyester Resin Market: {Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Liquid SPR
- 5.2.2. Solid SPR
- Chapter 6. Global Saturated Polyester Resin Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Saturated Polyester Resin Market: {Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Powder Coatings
- 6.2.2. Industrial Paints
- 6.2.3. Coil & Can Coatings
- 6.2.4. Automotive Paints
- 6.2.5. Flexible Packaging
- 6.2.6. 2K PU Coatings
- Chapter 7. Global Saturated Polyester Resin Market Size & Forecasts by Region 2022-2032
- 7.1. North America Saturated Polyester Resin Market
- 7.1.1. U.S. Saturated Polyester Resin Market
- 7.1.1.1. {Type} Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. {Application} Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Saturated Polyester Resin Market
- 7.2. Europe Saturated Polyester Resin Market
- 7.2.1. UK Saturated Polyester Resin Market
- 7.2.2. Germany Saturated Polyester Resin Market
- 7.2.3. France Saturated Polyester Resin Market
- 7.2.4. Spain Saturated Polyester Resin Market
- 7.2.5. Italy Saturated Polyester Resin Market
- 7.2.6. Rest of Europe Saturated Polyester Resin Market
- 7.3. Asia-Pacific Saturated Polyester Resin Market
- 7.3.1. China Saturated Polyester Resin Market
- 7.3.2. India Saturated Polyester Resin Market
- 7.3.3. Japan Saturated Polyester Resin Market
- 7.3.4. Australia Saturated Polyester Resin Market
- 7.3.5. South Korea Saturated Polyester Resin Market
- 7.3.6. Rest of Asia-Pacific Saturated Polyester Resin Market
- 7.4. Latin America Saturated Polyester Resin Market
- 7.4.1. Brazil Saturated Polyester Resin Market
- 7.4.2. Mexico Saturated Polyester Resin Market
- 7.4.3. Rest of Latin America Saturated Polyester Resin Market
- 7.5. Middle East & Africa Saturated Polyester Resin Market
- 7.5.1. Saudi Arabia Saturated Polyester Resin Market
- 7.5.2. South Africa Saturated Polyester Resin Market
- 7.5.3. Rest of Middle East & Africa Saturated Polyester Resin Market
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Allnex Group
- 8.1.3. DSM
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BASF SE
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Arkema S.A.
- 8.3.3. Evonik Industries AG
- 8.3.4. Stepan Company
- 8.3.5. DIC Corporation
- 8.3.6. Synthomer plc
- 8.3.7. Covestro AG
- 8.3.8. Mitsubishi Chemical Corporation
- 8.3.9. Kansai Paint Co., Ltd.
- 8.3.10. Nippon Paint Holdings Co., Ltd.
- 8.3.11. TIGER Coatings GmbH & Co. KG
- 8.3.12. Sherwin-Williams Company
- 8.3.13. Wacker Chemie AG
- 8.3.14. (Additional companies if required)
- 8.3.15. (Additional companies if required)
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- List of Tables
- TABLE 1. Global Saturated Polyester Resin Market, Report Scope
- TABLE 2. Global Saturated Polyester Resin Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
- TABLE 3. Global Saturated Polyester Resin Market Estimates & Forecasts by Type 2022-2032 (USD Million/Billion)
- TABLE 4. Global Saturated Polyester Resin Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
- TABLE 5. Global Saturated Polyester Resin Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 6. North America Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 7. North America Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 8. Canada Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 9. Canada Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 10. Europe Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 11. Europe Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 12. Asia-Pacific Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 13. Asia-Pacific Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 14. Latin America Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 15. Latin America Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- TABLE 16. Middle East & Africa Saturated Polyester Resin Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
- TABLE 17. Middle East & Africa Saturated Polyester Resin Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
- List of Figures
- FIGURE 1. Global Saturated Polyester Resin Market, Research Methodology
- FIGURE 2. Global Saturated Polyester Resin Market, Market Estimation Techniques
- FIGURE 3. Global Market Size Estimates & Forecast Methods.
- FIGURE 4. Global Saturated Polyester Resin Market, Key Trends 2023
- FIGURE 5. Global Saturated Polyester Resin Market, Growth Prospects 2022-2032
- FIGURE 6. Global Saturated Polyester Resin Market, Porter’s 5 Force Model
- FIGURE 7. Global Saturated Polyester Resin Market, PESTEL Analysis
- FIGURE 8. Global Saturated Polyester Resin Market, Value Chain Analysis
- FIGURE 9. Global Saturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 10. Global Saturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 11. Global Saturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 12. Global Saturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 13. Global Saturated Polyester Resin Market by Segment, 2022 & 2032 (USD Million/Billion)
- FIGURE 14. Global Saturated Polyester Resin Market, Regional Snapshot 2022 & 2032
- FIGURE 15. North America Saturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 16. Europe Saturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 17. Asia-Pacific Saturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 18. Latin America Saturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 19. Middle East & Africa Saturated Polyester Resin Market 2022 & 2032 (USD Million/Billion)
- FIGURE 20. Global Saturated Polyester Resin Market, Company Market Share Analysis (2023)
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