Article -> Article Details
| Title | Polyester Resin Market Growth: Can a 4.9% CAGR Help Overcome Challenges from Alternatives? |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Solvent-Based Polyester Resins Market |
| Owner | Anand Londhe |
| Description | |
| Solvent-Based Polyester Resins Market is poised for steady expansion, with its current valuation at USD 7.63 billion in 2023 and projected to reach USD 10.23 billion by 2030, growing at a CAGR of 4.9%. This growth trajectory reflects their indispensable role in high-performance coatings and adhesives, despite mounting environmental concerns pushing manufacturers toward sustainable alternatives. Solvent-based polyester resins are prized for their exceptional flexibility, chemical resistance, and adhesion properties, making them ideal for demanding industrial applications. Their dominance in metal coatings—especially for automotive and appliance finishes—stems from superior durability compared to water-based counterparts, though VOC emissions remain a persistent challenge. Turn Complex Data into Clear Business Strategies: https://www.24chemicalresearch.com/download-sample/291432/global-solventbased-polyester-resins-forecast-market-2024-2030-537 Market Overview & Regional LandscapeAsia-Pacific commands over 45% of global consumption, led by China’s massive industrial coatings sector and Southeast Asia’s booming automotive production. The region’s lower regulatory stringency allows solvent-based formulations to thrive in metal packaging and machinery coatings, though tightening environmental policies may reshape demand. Europe maintains stringent VOC directives, compelling manufacturers like BASF and Arkema to pioneer low-solvent formulations. Meanwhile, North America sees niche growth in marine and aerospace coatings where performance outweighs environmental concerns. Latin America and Africa present untapped opportunities in construction and general industrial applications. Growth Drivers & Emerging OpportunitiesThe market’s resilience stems from unparalleled performance in harsh environments—solvent-based resins dominate 68% of industrial metal coatings due to corrosion resistance. The automotive refinish sector remains a key revenue driver, while emerging applications in wind turbine blade coatings and industrial inkjet printing open new frontiers. Innovation focuses on hybrid systems combining solvent-borne performance with reduced VOC content. Bio-based solvents derived from citrus and soybean oils are gaining traction, particularly in North America and Europe where sustainability mandates accelerate material science breakthroughs. Challenges & Regulatory HeadwindsStringent VOC regulations like Europe’s Industrial Emissions Directive and California’s AQMD Rule 1113 are reshaping formulation strategies. The phase-out of key solvents like xylene and toluene forces reformulation investments, while rising crude oil prices squeeze margins for petroleum-derived resins. Worker safety concerns and fire hazards in storage/transport also drive operational cost increases. Manufacturers must balance performance requirements with evolving ESG expectations—a complex equation impacting product portfolios. Market Segmentation by Type:
Turn Complex Data into Clear Business Strategies: https://www.24chemicalresearch.com/download-sample/291432/global-solventbased-polyester-resins-forecast-market-2024-2030-537 Market Segmentation by Application:
Key Industry Players:
Comprehensive Report CoverageThis analysis delivers critical insights into market dynamics from 2024 to 2030, featuring:
The report also profiles major manufacturers with detailed data on:
Primary research included interviews with 43 industry executives across the value chain, revealing:
Access Full Market Intelligence: https://www.24chemicalresearch.com/reports/291432/global-solventbased-polyester-resins-forecast-market-2024-2030-537 About 24chemicalresearchFounded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries. International: +1(332) 2424 294 | Asia: +91 9169162030 Website: https://www.24chemicalresearch.com/ Connect With Us: https://www.linkedin.com/company/24chemicalresearch Other Related Report: https://chemicalinsightsforum.blogspot.com/2025/09/is-fluororesin-film-for-greenhouse.html https://chemicalinsightsforum.blogspot.com/2025/09/what-opportunities-emerge-as-printing.html https://chemicalinsightsforum.blogspot.com/2025/09/what-does-projected-growth-to-usd-2380.html https://chemicalinsightsforum.blogspot.com/2025/09/is-aerospace-prepreg-market-next-big.html https://chemicalinsightsforum.blogspot.com/2025/09/what-opportunities-emerge-as-chemical.html | |