Powder Polyester Resins Market

Global Market Study on Powder Polyester Resins: Significant Demand Projected for Hybrid Applications


The global powder polyester resins market is in a growth stage with technological advancements in the overall powder coatings market influencing consumption patterns. The market is moderately fragmented with key players accounting for a sizeable proportion of the US$ 2 Bn revenue generated in 2018.

With large proportion of consumption in East Asia, the region is estimated to account for nearly half of the sales in terms of value and volume.

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  • DIC COrporation
  • Arkema SA
  • DSM
  • Marpol Private Limited
  • Stepan Company
  • Anhui Shenjian New Materials Co Ltd
  • Evonik Industries AG
  • Tough Color Resins Private Limited
  • Karna Paints Pvt. Ltd.

Powder Coatings Gaining Prominence in Paints & Coatings Marketplace

Powder coatings are vastly popular among end users of the paints & coatings market. This is mainly due to regulations pertaining to VOC (Volatile Organic Compound) emissions of solvent-borne and water-borne technologies across geographies.

As powder coatings involve no solvents in their composition, these are noted to potentially act as substitutes to other types of coatings. Additionally, the rising demand for lightweight automotive also adds fuel to the rising consumption trend for powder coatings.

Aesthetics play a vital role in electronic appliances. Powder coating significantly enhances the feel as well as appearance of appliances. Several end users are noted to transition their consumption pattern from solvent-borne coatings to powder coatings.

powder polyester resin market

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Increased Adoption of Powder Polyester Resins in Hybrid Formulations

Polyester resins are largely employed in the powder coatings marketplace, accounting for over 60% among all resin types in terms of volume. Numerous coating types are developed based on powder polyester resin chemistry, with few being pure polyester powder coatings (TGIC and TGIC-free), polyurethanes, polyester resins within hybrid formulations such as polyester-epoxy hybrids, and super durable polyester coatings.

The industry is noted to remain highly influenced by the supply of powder polyester resins, and hence, it is anticipated that the demand will follow an upward trend in the years to come.

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Regulatory Environment Creating Roadblocks in Growth of Powder Polyester Resins Market

Powder polyester resins are largely based upon the TGIC (Triglycidyl Isicyanurate) cross linking technology, which enhances the system’s overall exterior durability. However, since the amendments in regulatory scenario in Europe in the 90s, TGIC powder polyester resins are stringently monitored in the region.

 Several other countries have followed the same track and have indicated regulations resulting into limited consumption of the product. This has largely impacted the suppliers of TGIC powder polyester resins and has led to the development of TGIC-free alternatives.

In China, the high intensity of HAA manufacturers has led to minimized consumption of TGIC powder polyester resins. This factor is noted to have a moderate impact on market evolution as there is a lack of such regulations in countries of North America and Latin America. Hence, TGIC-based coating systems find loyal consumers in the region.

Further, countries such as Turkey and Albania, among others have also reported low sales of TGIC-based products, given their considerations of an EEU membership in the future.

The global powder polyester resins market is noted to be moderately fragmented with the presence of several mid-sized enterprises operating at national and regional levels. The intensity of international trade is observed to be minimal in the powder polyester resins market as domestic supply capabilities are well in line with demand. Further, some manufacturers are noted to remain vertically integrated in order to minimize the impact of raw material price fluctuation and gain significant prominence in the market.

Marpol Private Limited engages itself in the sales and marketing of powder polyester resins as well as polyester-based powder coatings. Developing a resilient distribution network is another strategy adopted by key market participants.

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Key Segments of Powder Polyester Resins Market

PMR’s study on the powder polyester resins market is divided into five significant segments, which are coating system, product type, application, end use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.

Coating System
  • TGIC (Triglycidyl Isocyanurate)
  • TGIC -free
Product Type
  • Hydroxyl Terminated
  • Carboxyl Terminated
  • Indoor
  • Outdoor
End Use
  • Residential Building
  • Commercial Building
  • Industrial
    • Oil & Gas
    • Automotive & Aerospace
    • Electrical & Electronics
    • Chemicals & Other Industrial
  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

Key Questions Answered in PMR’s Powder Polyester Resins Market Report

  • Which region is anticipated to hold a prominent market share over the forecast period?
  • What will be key driving factors prompting the demand for powder polyester resins during the forecast period?
  • How current trends will impact the powder polyester resins market?
  • Who are the significant market participants in the powder polyester resins market?
  • What are the crucial strategies implemented by prominent players in the powder polyester resins market to upscale their positions in this landscape?

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