Polyester Coatings Market Size Is Estimated To Reach US$17.5 Billion By 2027 - Industryarc

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Polyester Coatings Market size is estimated to reach US$17.5 billion by 2027 after growing at a CAGR of 5.5% during 2022-2027.

HYDERABAD, TELANGANA, INDIA, September 12, 2022 /EINPresswire.com / -- Polyester Coatings Market size is estimated to reach US$17.5 billion by 2027 after growing at a CAGR of 5.5% during 2022-2027. Polyesters are acidic and hydroxyl functional resins. These polyester resins are prepared from condensation of polyhydric alcohols and dibasic or tribasic or anhydrides. It has wide variety of industrial applications ranging from aviation and construction to gardening and furniture. It comes in different technologies like solvent based coating, water-based coating and powder based coating. Alkyd resins and organic polyesters are vegetable oil modified polyesters. It is mainly used in metal casting. A fluorocarbon based plastic resins are called Fluoropolymers. It has a high resistance to acidic and basic compounds. Epoxy polyester hybrid are commonly used in powder coatings. It provides high resistance to chemicals and corrosion.

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Key Takeaways:

1. Asia Pacific is the fastest growing region in the global Polyester Coatings Market. This growth is mainly attributed to the increased demand for sustainable products mainly in industrial coatings.

2. Polyester coating is expected to grow at a substantial rate owing to the surge in demand from construction industry.

3. Polyester coatings play an important role in several industries especially in the household appliances which is expected to provide significant growth opportunity for the global market.

Segmental Analysis:

1. The water based segment held the largest Polyester Coatings Market share in 2021 and it is expected to grow with a CAGR of around 6.0% during the forecast period. This is owing to an increase in the use of water-borne coatings by automobiles and residential construction. Water-based coatings are both cost-effective and high-quality. Water-based polyester have inherited the benefits of oily polyester, but also outperformed solvent-based polyester in some areas.

2. The Asia Pacific is the leading region accounted for the largest share in the Polyester Coatings Market in 2021 and held nearly 32% of market share. Increase in construction projects in Asia Pacific is boosting the demand for paints and coatings.

3. The creation of households, which is a significant demand driver for the coatings sector, is favorable and growing. Overall, housing demand is high, but supply of affordable houses is restricted, implying the rise in housing prices.

Competitive landscape:

The top 5 players in the Polyester Coatings industry are:

1. 3M Company
2. Dupont
3. BASF SE
4. AGC Chemicals
5. Dow Chemical Company

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B. Unsaturated Polyester Resins Market


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