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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Leading Players Profiled in the Report 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 COVID-19 impact:
The distribution of Covid-19’s has influenced industrial activities worldwide. Over the weeks, the market has experienced a downturn that can continue in the coming months. The virus led to the implementation of lockdown, which disrupted the industry of the polyester resins as the chemical sector witnessed a collapse in several regions. China is the major manufacturer and largest consumer of the resins, and the imposition of lockdown in the country has affected the production globally. The high reliance on the industry in the Chinese producers have exposed more cracks in the polyester resins market.
Key Highlights From The Report
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For the purpose of this report, Reports and Data has segmented into global Polyester Resins Market on the basis of type, end-users, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
End Users Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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Table of contents
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
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
4.2.2.1. High Growth In Construction And Wind Energy Industries
4.2.2.2. Economical Option Over Other Resins
4.2.3. Market restraints analysis
4.2.3.1. Greater Acceptance Of Other Resins
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued………
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