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.

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