Global Powder Polyester Resins Market: Overview
Powder polyester resins are mainly made from neopentyl glycol or NPG and isophthalic and terepthalic acids Powder polyester resins are the industrial coatings used in white goods, metal goods, wheels etc. to provide a sustainable coating solution for indoor and outdoor applications. Powder polyester resins provide low to high gloss finish, standard and durable applications, strong chemical resistance and anti-graffiti to the end products. The polyurethane powder coatings exhibit excellent performance characteristics and offer smooth films on the end product. Polyurethane powder coatings are majorly useful in a number of applications like automotive, lawn and garden, outdoor furniture and general industrial applications. Moreover, powder polyester resins exhibit strong mechanical properties, overbake stability and corrosion resistance. The main advantage of using powder polyester resins for coatings as an alternative of liquid paints is that powder polyester coatings provide improved coating performance, lower cost and eliminates volatile organic compounds (VOCs), hazardous air pollutants (HAPs) and hazardous waste generation. Furthermore, powder polyester resins exhibit the properties namely ‘solvent free’, ‘easy to apply’, ‘recyclable’ and ‘less waste production’.
Global Powder Polyester Resins Market: Segmentation
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.
Global Powder Polyester Resins Market: Drivers and Restraints
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.
Global Powder Polyester Resins Market: Key Players
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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