The global polyester resin dispersion market is set to achieve a valuation of US$ 7,635.4 million by 2023, with an estimated CAGR of 4.8% from 2023 to 2033, reaching around US$ 12,200.7 million by 2033. The rising demand for sustainable and eco-friendly materials, especially in construction and automotive industries, has propelled the popularity of water-based polyester resin dispersion due to its environmentally friendly nature. The construction industry, being one of the primary end-users, is expected to witness high demand, driven by infrastructure development worldwide.
Polyester resin dispersions offer versatility and excellent performance characteristics, making them suitable for various applications such as coatings, adhesives, and sealants. Additionally, the shift towards environmentally friendly products and stringent regulations related to emissions have further boosted the adoption of polyester resin dispersions. They also offer cost advantages over other resin systems, making them a preferred choice for various applications.
The United States stands out in polyester resin dispersion sales due to its easy product availability and robust supply chain. The construction industry's significant growth, driven by infrastructure development and residential and commercial projects, has contributed to strong sales in the country.
The building & construction and automotive & transportation segments are expected to dominate the market, driven by increasing investments in infrastructure and the need for lightweight and fuel-efficient vehicles. Leading players in the industry focus on product innovation, strategic partnerships, and collaborations to cater to evolving customer needs and expand their reach in emerging markets like China and India. Mergers and acquisitions are also common strategies to consolidate market positions and access new markets and technologies.
Overall, the polyester resin dispersion market is projected to witness substantial growth, driven by increasing demand for sustainable and eco-friendly solutions in various industries worldwide. Key players' proactive strategies to innovate and expand into emerging markets will play a crucial role in maintaining their competitive edge and meeting the evolving demands of customers.
