The global liquid polyester resin market size was US$ 2.9 billion in 2021. The global liquid polyester resin market is forecast to grow to US$ 4.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Liquid saturated polyester resin is a saturated polyester resin with a saturated polyester backbone. In comparison to unsaturated polyester resins, saturated polyester is less reactive, has a low molecular weight, and can be used as a major reactant and plasticizer in urethane polymer production. They possess excellent adhesion and durability, which is ideal for a variety of applications such as automotive paints, can and coil coating, industrial paints, flexible and rigid packaging, etc.

Factors Influencing the Market
The global market is expanding due to an increase in consumer goods demand in various regions around the world. Furthermore, rising automotive production and sales, combined with the rising consumption of automotive paints and coatings, will drive the growth of the liquid polyester resin market.
Liquid saturated resin also finds applications in the production of industrial coil coatings. Thus, the growth of the steel, chemical, consumer goods, and fertilizer industry will prompt the demand for liquid polyester resin during the study period.
Accelerating construction activities, majorly in the developing and developed nations, combined with the rising support of government bodies, will contribute to the growth of the liquid polyester resin market. On the flip side, environmental concerns related to liquid polyester resin may limit the growth of the liquid polyester resin market during the forecast period.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for liquid polyester resin has decreased. In response to this global health emergency, governments imposed lockdown restrictions, which ultimately hampered the consumer purchasing power. Moreover, the focus on infrastructural development shifted, which impeded the demand for liquid polyester resins.

Regional Analysis
Asia-Pacifics liquid polyester resin market is forecast to register the highest growth rate, primarily due to the increasing demand for liquid polyester resin from the automotive, construction, and general manufacturing industry. In addition to that, the demand for the liquid saturated polyester resin will also increase due to growing disposable income and changing lifestyle of the region's population. Further, the easy availability of low-cost labor and raw material will also benefit the liquid polyester resin market in the region during the analysis period. The high population of the region, and the fact that governments are investing highly to provide a home to the population will drive this regional market forward.

Competitors in the Market
Unitika Ltd
SK Chemicals Co., Ltd.
Royal DSM N.V.
TOYOBO CO. LTD.
Evonik Industries
Stepan Company
Arkema S.A.
Covestro AG
Thai Urethane Plastic Co., Ltd.
Nippon Gohsei
Other Prominent Players

Market Segmentation
The global liquid polyester resin market segmentation focuses on Application, End-User, and Region.
By Application
Can & Coil Coatings
Automotive Coatings
2K PU Coatings
Others
By End-User
Food & Beverages
Industrial
Construction
Automotive
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America