Liquid Saturated Polyester Resin Market Outlook 2020-2023 - Trends, Demand, Production, Sales, Suppl
Posted: Jan 09, 2020
- Royal DSM N.V.
- Evonik Industries
- The Nippon Synthetic Chemical Industry Co.,Ltd
- Stepan Company
- Arkema S.A.
- Allnex Group
- Hitachi Chemical Co.Ltd
- Thai Urethane Plastic Co.,Ltd.
- NOVARESINE SRL
- Karna Paints
- Worlee-Chemie GmbH
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Based on geography, the global liquid saturated polyester resin market is categorized into five regions– North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific held the largest market share accounting for approximately 28% of the total market share in 2016. The Asia Pacific liquid saturated polyester market is segmented into India, China, Japan, South Korea, Malaysia, Vietnam, and others. Comparatively, China is estimated to be the largest market for liquid saturated polyester resin followed by Japan, India, and South Korea on account of rapid industrialization and robust growth of various end use industries such as automotive and packaging. Moreover, the governments of India and Malaysia have started initiatives such as Special Economic Zone in India and Economic Transformation Programs in Malaysia which are expected to further propel the demand for liquid saturated polyester resin during the review period. Moreover, tremendous growth of automotive sector as well as rising purchasing power of people in Asia Pacific is expected to fuel the growth of the market over the forecast period, 2017 to 2023. Furthermore, major players operating in the market has increased investment in emerging economies such as China, India, Thailand, and Malaysia on account of low setting up production plant cost and ease in availability of raw materials.
Asia Pacific holds the largest market share followed by North America which is trailed by Europe. North America and Europe predicted to account for a combined market share of around 40% owing to the concentration of large number of packaging and industrial sector in these regions. European countries such as Germany, Russia, France, and UK have dominated the regional market due to high utilization of packaging material. North America is predicted to witness a substantial growth during the assessment period. U.S is expected to grow with the highest CAGR followed by Canada on account of expansion of packaging and various industries. Latin American market is predicted to register sluggish growth owing to shifting of packaging and automotive manufacturing base to developing countries such as India, China, and Mexico. The Middle East & African countries such as Qatar, the United Arab Emirates (UAE), and Saudi Arabia are estimated to witness steady growth due to the startup of various public-private construction projects such as airport, railroad network, and residential building which is likely to fuel the liquid saturated market growth over the assessment period.
Browse key industry insights spread across 137 pages with 24 market data tables & 09 figures & charts from the report, "Global Liquid Saturated Polyester Resin Market Information- by Application (Flexible & Rigid Packaging, Automotive Paints, Can & Coil Coating, Industrial Paints, and others) and by Region- Forecast till 2023" in detail along with the table of contents:https://www.marketresearchfuture.com/reports/liquid-saturated-polyester-resin-market-4406
Global liquid saturated polyester resin market has been segmented on the basis of application and region. Based on the application, the market is classified into flexible & rigid packaging, automotive paints, can & coil coating, industrial paints, and others. Based on region, liquid saturated polyester resin market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.
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