Increasing construction activities across the globe and rising demand for infrastructure development are expected to drive growth.
In 2023, the polyester resin dispersion market is expected to be worth US$ 7,635.4 million. The market is likely to reach US$ 12,200.7 million by 2033. It is anticipated to expand at 4.8% CAGR in the forecast period from 2023 to 2033.
Demand for polyester resin dispersions is expected to surge in numerous end-use industries, including coatings, adhesives, and sealants. This is due to increasing use of polyester resin dispersions in a wide range of applications. A few of these include coatings for automobiles, packaging, and construction.
Polyester resin dispersions are becoming necessary as a result of increasing population, rising disposable income, and growing industrialization worldwide. These are driving demand from construction, automotive, and other industrial applications, thereby fueling the need for polyester resin dispersions.
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One of the main end uses for polyester resin dispersions is the construction sector. High demand is anticipated for uses such as flooring, waterproofing, and grouts. Growth is set to be fueled by expanding building activity around the world and increased demand for infrastructure development.
Dispersions of polyester resin are ideal for a variety of applications due to their adaptability and superior performance. They are utilized in a wide range of sectors, including coatings, sealants, and adhesives. Consumers prefer these dispersions since they offer advantageous characteristics such as durability, chemical resistance, and superior adherence to various surfaces.
Rising demand for sustainable and environmentally friendly products has also boosted the appeal of polyester resin dispersions. Water-based polyester resin dispersions are thought to be more environmentally benign than conventional solvent-based solutions. This is because they emit less emissions during application and curing and have lower volatile organic compound (VOC) contents.
Alternative materials have become more popular as a result of strict laws regarding the use of specific chemicals and emissions in a variety of industries, including coatings. Manufacturers use polyester resin dispersions as they can be designed to adhere to these regulations.
Key Takeaways from the Polyester Resin Dispersion Market Study:
“In comparison to other resin systems such as epoxy or polyurethane, polyester resin dispersions can be more affordable. They might use less raw materials and have a more effective production method, which lowers the cost to producers. They can hence be the preferable option for different applications owing to their cost effectiveness.” – Says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
The polyester resin dispersion industry is highly competitive, with a significant number of players vying for more shares. Several significant participants in the market include BASF, Evonik Industries, Huntsman, SABIC, and Sinopec among other companies.
Key players are investing in new technologies to improve the efficiency and cost-effectiveness of polyester resin dispersion production. They have also expanded their distribution networks to reach new customers and markets. They also have plans to acquire other companies to expand their product offerings and increase market share.
Key players in the polyester resin dispersion industry are further engaging in mergers and acquisitions to consolidate their market position. They are focusing on expanding their product portfolio and gaining access to new markets.
For instance,
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Polyester Resin Dispersion Market Outlook by Category
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 14, 2024