Global Saturated Polyester Resin Market Size Study, by Type (Liquid SPR and Solid SPR), by Application (Powder Coatings, Industrial Paints, Coil & Can Coatings, Automotive Paints, Flexible Packaging, and 2K PU Coatings), and Regional Forecasts 2022-2032

The Global Saturated Polyester Resin Market was valued at approximately USD 5.34 billion in 2023 and is anticipated to grow at a CAGR of 5.83% during the forecast period from 2024 to 2032. Saturated polyester resins (SPRs) have emerged as a critical component in the coatings industry, finding extensive applications in powder coatings, coil & can coatings, industrial paints, and automotive finishes. The increasing adoption of environmentally friendly and high-performance coatings has fueled the demand for SPRs, as they offer superior adhesion, flexibility, and chemical resistance while being low in volatile organic compounds (VOCs).

The market's growth trajectory is largely driven by the surging demand for durable and high-gloss coatings in the construction, automotive, and packaging industries. Powder coatings, in particular, have gained significant traction as industries shift toward sustainable and solvent-free solutions. Furthermore, the expansion of industrial and infrastructure projects worldwide has led to a heightened requirement for corrosion-resistant coatings, further propelling market demand. However, the industry faces challenges related to raw material price fluctuations and the stringent regulatory landscape surrounding solvent-based coatings. Nonetheless, continuous advancements in polymer chemistry and the development of bio-based saturated polyester resins are unlocking new avenues for innovation and sustainability in the market.

The North American market is characterized by increasing investments in eco-friendly coating technologies, driven by regulatory frameworks emphasizing low-VOC formulations. The United States, in particular, is a leading market, with manufacturers focusing on R&D initiatives to enhance product efficiency and sustainability. Europe follows closely, supported by strict environmental policies and the widespread adoption of high-performance coatings in automotive and industrial applications.

Asia-Pacific is projected to witness the fastest growth over the forecast period, fueled by rapid industrialization, booming automotive production, and an expanding construction sector in key economies such as China, India, and Japan. The region’s thriving manufacturing sector and rising consumer preference for high-durability coatings are further accelerating market expansion. Meanwhile, Latin America and the Middle East & Africa are emerging as lucrative markets, with increasing investments in infrastructure development and industrial coatings providing growth opportunities.

Major Market Players Included in This Report:
• BASF SE
• Allnex Group
• DSM
• Arkema S.A.
• Evonik Industries AG
• Stepan Company
• DIC Corporation
• Synthomer plc
• Covestro AG
• Mitsubishi Chemical Corporation
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• TIGER Coatings GmbH & Co. KG
• Sherwin-Williams Company
• Wacker Chemie AG

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Type:
• Liquid SPR
• Solid SPR

By Application:
• Powder Coatings
• Industrial Paints
• Coil & Can Coatings
• Automotive Paints
• Flexible Packaging
• 2K PU Coatings

By Region:

North America:
• U.S.
• Canada

Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America:
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:
• Market Estimates & Forecasts for 10 years (2022-2032).
• Annualized revenue breakdown and regional-level analysis for each market segment.
• Detailed geographical assessment with country-level insights.
• Competitive landscape overview with company profiles and key market strategies.
• Analysis of key business trends and recommendations for market players.
• Evaluation of market structure and competition in the saturated polyester resin industry.
• Demand-side and supply-side dynamics analysis.