Polyester Coatings is also known as oil-free alkyds coatings. It is majorly used as a substitute for alkyd resin as it has various advantages over other coatings and resins such as excellent shine, high physical & chemical resistance, affordability, and quick drying. The market growth is attributed to increasing demand from the automotive, aerospace, defense, and construction industry. The expansion of automotive industries, increasing the defense budget, rising industrialization, and urbanizations in developing economies are projected to upsurge the market growth. Other factors such as growing construction activities and increasing investment in the construction industry have made a positive impact on the market growth.

The global aviation industry has generated a revenue of US$XX billion in 2019 and with the development in the manufacturing of new advanced aircraft, the government stringent policies for the aerospace industry to replace or upgrade the traditional technologies have created many lucrative opportunities for the polyester coating market. The defense budget in developing economies like India, China, Pakistan, and Vietnam is increased by US$XX billion in 2020 as In recent years there is rising tension between countries. These further contributed to the increasing demand for polyester coating as they have a wide variety of applications such as in military vehicles, fighter planes, and tanks for coating.

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Polyester is produced from ethylene and ethylene is the derivative of petroleum, fluctuation in crude oil prices may hamper the market growth. Polyesters are hazardous chemicals that can pose threat to human health and the environment. Government stringent regulations towards toxic chemicals (VOC) may slow down the market growth.
The global Polyester Coatings market is anticipated to hit US$XX million by 2027. The report covers the in-depth analysis of market key players with their market share, primary and secondary forecast data analysis to 2027. The rationals behind the Covid-19 impact on various regions are mentioned in the report. The report focuses on market drivers and restrain, forecasting of the veratrola market, and concentrate on present opportunities in this sector. The global Polyester Coatings market is growing in developing economies because of increasing government expenditure on the development of the chemical industry and market penetration of manufacturers, dealers, and suppliers of the Polyester Coatings market.

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