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Powder Polyester Resins Market Key Trend Analysis by 2026
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The global powder polyester resins market can be segmented on the basis of type, end-use industry and geography. On the basis of type, the global powder polyester resins market can be segmented into hydroxyl terminated and carboxyl terminated. On the basis of end-use industry, the global powder polyester resins market can be segmented into construction, oil & gas, aerospace, automotive and agricultural industry. On the basis of geography, the global powder polyester resins market can be segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
Increasing use of powder polyester resins in coil and can-coating is a major factor driving the powder polyester resins market. Moreover, use of powder polyester resins in automobiles to increase the shine and lustre of paints as well as to make the surface corrosion free is a key element driving the global powder polyester resins market. On the other hand, development in the field of infrastructure in western countries is in turn increasing the demand for powder polyester resins thus driving the overall global powder polyester resins market. The major restraint resulting in the declining growth of the global powder polyester resins market is the economic slowdown in various regions like Europe and Latin America.
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The important powder polyester resin manufacturers include DSM Resins(The Netherlands), Allnex(U.S.), Arkem1a Coating Resins (France), Bayer Coatings (Germany), Hangzhou Sino-French(China), Anhui Shenjian New Materials Co., Ltd (China), Evonik Industries (Germany), Hitachi Chemicals (Japan), Nippon Gohsei (Japan) and Nuplex (New Zealand.
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