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Latest published report found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
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Saturated Polyester Resin Market -Size, Business Analysis and Growth Rate Report In the report,Saturated Polyester Resin Market has been analyzed through a segmental perspective. The market segmentation allows a deeper understanding of the market hotspots. The global Saturated Polyester Resin market was valued at USD 4,281.1 million in 2019 and is expected to reach USD 6,598.5 million by 2027, growing at a CAGR of 5.59% from 2020 to 2027. Saturated polyester resin is formed by the reaction of polybasic acids and polyols, and its feature includes excellent flexibility and hardness. It is mainly used in can coating, rolled steel, non-stick pan, ink, adhesive, PET coil, metallic baking paint such as automotive paint, and so on. Request Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Saturated- Polyester-Resin-Market/request-sample Saturated polyester resin is water, heat, and humidity resistance, therefore, they offer a wide range of applications in several industries such as paint & coating which are projected to boost the market growth over the forecast period. The rising industrial sector is influencing to spur market growth in the upcoming years. Furthermore, strict government regulations imposed on VOC emissions have
resulted in the development of eco-friendly technologies that are substituting solvent-borne coatings. This, in turn, might fuel the demand for saturated polyester resin Drivers: Increasing demand for powder coatings Saturated polyester resins are primarily used to manufacture solvent-free powder paints and coatings. Owing to its superior properties, such as good weather resistivity, excellent impact strength, and adhesion to metals (even under humid conditions). Saturated polyester resins are favored for exterior and interior architectural applications, coating machinery, domestic appliances, steel furniture, and garden tools. Growing construction and automotive sector are expected to drive the usage of powder coatings, thereby boosting the growth of the market during the forecast period.The construction sector has been witnessing a robust growth in Asia-Pacific and Middle East & Africa. In the Middle East & African region, governments have been making efforts to develop the non-oil sectors, after the region faced a financial crisis, due to the drastic fall in oil prices in the past. Challenges: Economic Influences Significant numbers of raw materials used in coatings formulations are either derived directly from oil for their chemical composition, or indirectly as a result of energy derived from oil for their mining and/or processing. The price of oil can be highly volatile and many factors can impact this forecast, driving the price/barrel either up or down. As a result, oil prices have a significant impact on the price of coatings raw materials. Key Players: Various key players are discussed in this report such as Royal DSM N.V., Allnex Belgium SA/NV, Arkema S.A., Nuplex Industries Ltd., Stepan Company, Evonik Industries, Nippon Gohsei, Covestro AG, and Megara Resins. Market Taxonomy By Type Liquid saturated polyester resin Solid saturated polyester resin
oSolid carboxyl-terminated saturated polyester resin oSolid hydroxyl-terminated saturated polyester resin By Application Powder Coatings Industrial Paints Coil & Can Coatings Automotive Paints Flexible Packaging 2k PU Coatings Others By Region North America Latin America Europe Asia Pacific Middle East & Africa Get discount on this report @ https://qualiketresearch.com/request-sample/Saturated-Polyester- Resin-Market/ask-for-discount
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