Polyester Resin Dispersion Market

Polyester Resin Dispersion Market Outlook (2023 to 2033)

The global polyester resin dispersion market size is anticipated to reach a valuation of USD 7,635.4 million by 2023. It is projected to witness a CAGR of 4.8% in the estimated time period from 2023 to 2033. A valuation of around USD 12,200.7 million is predicted for the global market by 2033.

There has been a growing demand for sustainable and eco-friendly materials, particularly in industries such as construction and automotive. Polyester resin dispersion, being a water-based material, is considered to be an environmentally friendly and sustainable solution. This factor greatly contributes to popularity amongst consumers, and is likely to boost demand further.

Construction industry is one of the primary end users of polyester resin dispersions. It is set to witness high demand for applications such as flooring, waterproofing, and grouts. Increasing construction activities across the globe and rising demand for infrastructure development are expected to drive growth.

Polyester resin dispersions offer versatility and excellent performance characteristics, making them suitable for various applications. Manufacturers can market these products to several sectors like coatings, adhesives, sealants, and others. These dispersions can provide desirable properties such as durability, chemical resistance, and excellent adhesion to different substrates.

Rising demand for environmentally friendly and sustainable products has also contributed to the increasing popularity of polyester resin dispersions. Compared to traditional solvent-based systems, water-based polyester resin dispersions are considered to be more environmentally friendly. This is due to their lower volatile organic compound (VOC) content and reduced emissions during application & curing.

Stringent regulations related to the use of certain chemicals and emissions in various industries such as coatings, have led to the adoption of alternative materials. Polyester resin dispersions can be formulated to comply with these regulations, making them an attractive choice for manufacturers.

Polyester resin dispersions can provide cost advantages over other resin systems such as epoxy or polyurethane. Their production process can be more efficient, and they might require fewer raw materials, resulting in lower costs for manufacturers. This cost-effectiveness can make them a preferred choice for various applications.

Changing market trends and evolving preferences can push demand for specific products. Polyester resin dispersion demand might be influenced by increasing infrastructure development.

Growth of the automotive sector or advancements in the construction sector are also likely to propel the market. These sectors often utilize coatings, adhesives, or sealants where polyester resin dispersions would find applications.

Attributes	Key Insights
Polyester Resin Dispersion Market Estimated Size (2023E)	USD 7,635.4 million
Projected Market Valuation (2033F)	USD 12,200.7 million
Value-based CAGR (2023 to 2033)	4.8%

2018 to 2022 Polyester Resin Dispersion Market Outlook Compared to Demand Forecast from 2023 to 2033

The global polyester resin dispersion industry expanded at a CAGR of 4.6% between 2018 and 2022. From 2023 to 2033, the market is likely to witness a CAGR of around 4.8%.

The polyester resin dispersion industry is expected to continue its growth trajectory from 2023 to 2033. It is projected to be driven by growing demand from the construction industry.

Need to seal structure joints, joints for expansion, glass sealants, and paneling joints has increased as a result of boom in the construction and building sectors. Sales of polyester resin dispersion have increased as a result all around the world.

Global demand for cars and airplanes is growing, which is driving up the usage of polyester resin dispersions. Since polyester resins are increasingly being used in both the building and automotive sectors, the market is expected to expand significantly.

Country-wise Insights

Why is the United States Showcasing High Polyester Resin Dispersion Sales?

Easy Product Availability in the United States to Fuel Demand for Saturated Polyester Resins

Country	The United States
Estimated Market Size (2033)	USD 366.4 million
Value-based CAGR (2023 to 2033)	4.6%

The United States polyester resin dispersion industry is expected to reach a valuation of USD 366.4 million by 2033. It is likely to expand at a CAGR of 4.6% from 2023 to 2033.

The construction industry in the United States has been experiencing significant growth. It is mainly driven by infrastructure development, residential construction, and commercial projects. Increased construction activities would create a high demand for these dispersions, leading to their strong sales in the United States.

Polyester resin dispersions have achieved significant market penetration in the United States. Manufacturers and suppliers have established distribution networks, making these dispersions readily available to various industries. Presence of a robust supply chain and extensive product availability would further contribute to high sales of polyester resin dispersions in the country.

Would China be a Key Consumer of Polyester Resin Dispersions?

Rising Demand for Construction Materials in China to Spur Unsaturated Polyester Resin Sales

China has been experiencing robust growth in its construction industry, driven by infrastructure development, urbanization, and real estate projects. Polyester resin dispersions are widely used in construction applications such as coatings, sealants, and adhesives. High demand for construction materials and products in China translates into a strong market for polyester resin dispersions.

China's manufacturing sector is one of the largest in the world, covering a wide range of industries such as automotive, electronics, textiles, and packaging. Polyester resin dispersions find extensive use in these sectors for applications such as coatings, laminates, and composites. Growth in the manufacturing and industrial sectors in China would contribute to significant demand for polyester resin dispersions.

Category-wise Insights

Who is the Leading End User of Polyester Resin Dispersions?

Investments in Infrastructure to Boost Demand for Water Dispersible Sulfo-polyester Resins

The building & construction segment is expected to dominate the polyester resin dispersion industry with a CAGR of 5.8% from 2023 to 2033. Expansion of the construction sector due to increasing demand for commercial and residential buildings across the globe is anticipated to create growth opportunities in the market.

Increasing investment in infrastructure, especially in emerging economies, as a result of rising population and living standards, will boost adoption of construction chemicals. This will in turn improve growth prospects for polyester resin dispersions.

The automotive & transportation industry is also expected to dominate the polyester resin dispersion industry with a CAGR of 5.4% from 2023 to 2033. Rising use of polyester resin dispersions in the industry owing to their ability to provide improved durability and resistance to chemicals & abrasion would push demand.

Polyester resin dispersion is used in the manufacturing of automotive parts such as body panels, bumpers, and spoilers. With growing demand for lightweight and fuel-efficient vehicles, need for polyester resin dispersions in the automotive industry is expected to increase.

Competitive Landscape

Several multinational companies have a significant presence in the polyester resin dispersion industry. These companies often have extensive research & development capabilities, well-established distribution networks, and a diverse portfolio of products. They cater to a wide range of industries and have the resources to invest in technological advancements & expansion strategies.

Key Strategies Adopted by Leading Players

• Product Innovation: Increased investment in research & development to improve the performance and sustainability of polyester resin dispersions is one of the key strategies. Product innovation enables companies to differentiate themselves from their competitors and cater to the evolving needs of customers.
• Strategic Partnerships and Collaborations: Key players in the industry would often form strategic partnerships and collaborations with other companies. They aim to leverage their strengths and expand their reach in the market. Such collaborations would also allow companies to gain access to new technologies and markets.
• Expansion into Emerging Markets: The polyester resin dispersion industry is witnessing significant growth in emerging markets such as China and India. Investment in new technologies to improve the efficiency and cost-effectiveness of polyester resin dispersion production is likely to be a vital strategy.
• Mergers and Acquisitions: Key players in the polyester resin dispersion industry often engage in mergers and acquisitions to consolidate their market position. They would also aim to expand their product portfolio and gain access to new markets.

Key developments in the polyester resin dispersion market:

• BASF has invested in research & development to improve the performance and sustainability of polyester resin dispersion. They have also expanded their production capacity to meet growing demand for the product. BASF has also developed new applications for polyester resin dispersion such as in the packaging and construction industries.
• Evonik Industries invested in new technologies to improve the efficiency and cost-effectiveness of polyester resin dispersion production. They have also expanded their distribution networks to reach new customers and markets. Evonik Industries has also acquired other companies to expand its product offerings and increase market share.

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	USD 7,635.4 million
Projected Market Valuation (2033)	USD 12,200.7 million
Value-based CAGR (2023 to 2033)	4.8%
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Value (USD million) and Volume (tons)
Segments Covered	Viscosity Type, Process, End-use Industry, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Russia & Belarus; Balkan & Baltic Countries; Central Asia; South Asia and the Pacific; East Asia; Middle East & Africa
Key Countries Covered	United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Czech Republic, Poland, Romania, Hungary, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia & New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Saudi Arabia, Algeria, Egypt, Morocco
Key Companies Profiled	BASF; Evonik Industries; Huntsman; SABIC; Sinopec
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Polyester Resin Dispersion Market Outlook by Category

By Viscosity Type:

• Low
• Medium
• High

By Process:

• Solvent-based
• Water-based
• Radiation-cured

By End-use Industry:

• Building & Construction
• Automotive & Transportation
• Packaging, Electrical & Electronics
• Aerospace & Defense
• Marine
• Others

By Region:

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan & Baltic Countries
• Middle East & Africa

Frequently Asked Questions

What Might be the Net Worth of the Market in 2023?

The market’s net worth is estimated to be USD 7,635.4 million in 2023.

What is the Projected Market Value?

The projected market value is expected to be USD 12,200.7 million by 2033.

Which Opportunities are Appearing in the Market?

Emergence of new technologies and demand for eco-friendly polyester resin dispersions.

Which Factors are Pulling Back the Market Growth?

Shortage of skilled labor and fluctuating cost of raw materials.

Which End User Accounts for a Notable Market Share?

Building & construction segment accounts for a notable market share.