Global Liquid Polyester Resin Market to Reach USD 4.89 Billion by 2030, Driven by Rising Demand Across Multiple Industries

The global liquid polyester resin market is projected to grow from USD 2.83 billion in 2020 to USD 4.89 billion by 2030, at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2021 to 2030. This growth is largely driven by the increasing demand for liquid saturated polyester resin in various industries, particularly in packaging, automotive, and coatings.

Liquid saturated polyester resin, characterized by a saturated polyester backbone, is known for its lower reactivity compared to unsaturated polyester resins. Due to its low molecular weight, it serves as an essential reactant and plasticizer in the production of urethane polymers. These resins are favored for their superior adhesion properties and excellent durability, making them ideal for a wide range of applications, including automotive paints, can and coil coatings, industrial paints, and both flexible and rigid packaging. Additionally, they are commonly used in anti-corrosion coatings for iron and steel structures, particularly when paired with epoxy-based primers.

Market Drivers and Growth Opportunities

The anticipated growth in the global liquid polyester resin market is driven by several key factors:

Rising Consumer Goods Demand: Increasing global demand for consumer goods is expected to boost the market for liquid saturated polyester resin, particularly in packaging applications such as cans, containers, and boxes.

Expanding Packaging Industry: The packaging sector's growing need for durable, flexible, and environmentally friendly materials is projected to fuel market growth, as liquid saturated polyester resins are increasingly preferred for their high-performance characteristics.

Shift Towards Low VOC Products: With changing consumer lifestyles and greater awareness of the harmful effects of solvent-based products containing high levels of volatile organic compounds (VOCs), there is a growing shift towards using safer, more sustainable materials. This trend is expected to further drive demand for liquid polyester resins in various applications.