The global Polyester Resins market is forecasted to be worth USD 15.33 Billion by 2027, according to a new report by Reports and Data. The market for the polyester resin is witnessing an increased demand owing to the high demand from industrial, construction, automotive, commercial, and marine industries. A surge in the rate of adoption of electric automotive by businesses and consumers is also encouraging the demand for polyester resins.
With the growth in demand for energy efficiency of automotive, manufacturers are using polyester resins based plastics. Reduction in the styrene content and low shrinkage make polyester resin an eco-friendly alternative. A rise in the health concern in industrial activities are also propelling the market demand. The low content of styrene in the polymer resins is reducing the harmful effect of the poisonous gas, thus limiting the carbon emissions and increasing the safety standards.
The COVID-19 has impacted the market demand significantly. The resins are also applicable in the marine industry. The majority of workboats, yachts, and dinghies are composed of polyester resins. The flexibility and strength of the resins are more resistant to tearing, and the fabrics are used to make carpeting, ropes, and other consumer products.
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The report includes insights into the key players of the market along with their company profiles, market position, financial standing, product portfolio, and strategic business expansion. The report offers a clear understanding of the competitive scenario with a detailed study about the latest mergers & acquisitions, partnerships, collaborations, R&D activities, joint ventures, licensing agreements, along with brand promotions and product launches.The report also covers SWOT analysis and Porter’s Five Forces analysis to offer crucial insights about each market player.
The key companies operating in the industry include
Ashland Inc., Polynt, BASF SE, Reichhold Inc., Royal DSM, AOC LLC, Nuplex Industries Ltd., UPC Technology Corp., Scott Bader Company Ltd., and U-Pica Company Ltd., among others.
The report further segments the market into product types and key applications along with a thorough regional analysis to impart a better understanding of the market spread, production and consumption patterns, key trends, manufacturing facilities, profit margins, and others in each region. The report also assesses the presence of prominent players in each key geographical region.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Orthophthalic Resins
- Dicyclopentadiene (Dcpd) Resins
- Isophthalic Resins
- Terephthalic Resins
- Gelcoat Resins
- Chlorendic Resins
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Building & Construction
- Pipes & Tanks
- Land Transportation
- Electrical & Electronics
- Artificial Stones
- Wind Energy
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The report on the global Polyester Resins market provides a comprehensive analysis of the market opportunities, market share, market size, global landscape, market dynamics, industrial chain analysis, market growth, revenue growth, and current and emerging market trends. It also covers a comprehensive analysis of the market drivers and restraining factors, opportunities, growth prospects, and technological advancements in the market.
The regional analysis offers a better understanding of the market’s scope in key geographical regions of the world. It presents valuable and actionable insights about the production and consumption pattern, supply and demand ratio, sales, market share and size, and the presence of the key players in each region. The report covers key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also sheds light on the regions expected to show lucrative growth in the projected timeframe.
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Polyester Resins Market Segmentation & Impact Analysis
4.1. Polyester Resins Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
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The Polyester Resins market report is an investigative study that provides insights into opportunities, limitations, and barriers faced by the companies that influence or hinder the growth of the industry. It also offers critical insights to the novice players and established companies to overcome the barriers and hurdles of the market. Overall the report provides valuable information and an overview of the market scenario to gain a better understanding of the market.
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