Alkyd Resin Market

According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029.

Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints and clear coatings. Alkyd resins are made by reacting dibasic acid or its anhydrides with polyols and drying oil. They are widely used to make protective coatings due to their advanced weather resistance capabilities.

Global Alkyd Resin Market Report Scope:

• Market Size (2029): US$ 3.52 Billion
• Market Size (2023): US$ 2.89 Billion
• CAGR (2024 to 2029): 3.32%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Resin Type, Process Type, Application, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Polynt SpA, Nord Composites, Mancuso Chemicals Limited, D.S.V Chemicals Pvt Ltd., Macro Polymers, BASF SE, Spolchemie, DowDuPont Inc., DSM, Arkema SA, Cytech Solvay Group, and Others.

Market Drivers:

Alkyd resin demand is presently rising significantly in the paint and coating sector. The reason for this increased focus is that alkyd resin is the most abundant category of synthetic resins, has significant features, and is a versatile alternative for a variety of industrial applications. Moreover, varnishes and enamels made from modified alkyd resins are used to paint automobiles, aircraft, trains, and farm equipment. Alkyd resins mixed with urea-and melamine-formaldehyde are additionally utilised in this composition. Cars, bicycles, and other equipment can be painted with enamels made from resins. Also, because of its wide applicability, it is anticipated that manufacturers and researchers will continue to conduct research and development, which will accelerate market expansion.

Moreover, alkyd resins are extremely adaptable and reasonably priced ingredients used in the production of synthetic paints. Alkyd resins' compatibility with different coating polymers is one of its main benefits. In particular, they can be used with vinyl resins that include hydroxyl groups, including copolymers of vinyl chloride and vinyl acetate, to enhance adhesion and application qualities, especially in marine top-coat paints.

Furthermore, economy growth is a result of increasing industry and urbanisation. Construction activity, which includes the creation of residential dwellings, business and industrial buildings, and infrastructure projects, typically rises as a result of urbanisation. Alkyd resin-based paints and varnishes are needed for these applications.

Market Restraints:

The primary impediment to the market expansion is the existence of alternative substitutes. Alkyd resins are being used more and more in the automotive, industrial, architectural, and other industries to coat raw materials. Furthermore, among the resins category, alkyd resins make up one of the biggest segments. In addition, different resins can be employed in the aforementioned applications.

They are also made of resins, including epoxy, urethane, and acrylic. These resins are also utilised in consumer products, printing, automotive, industrial, and architectural applications. Additionally, because these resin's characteristics are comparable to those of alkyd resins, their use has increased. Growing consumer demand for resins such as epoxy, urethane, acrylic and others will hurt the industry. As a result, it is impeding market expansion.

Additionally, the development of the worldwide alkyd resin market may be hampered by the availability of substitutes. Furthermore, as customers shift to using different resins in a variety of applications, including paints, insulating enamels, and automotive products, among others, the price volatility of raw materials will also harm the market growth.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/alkyd-resin-market

SEGMENTATION INCLUDED IN THIS REPORT:

By Resin Type:
• Non-Drying Alkyd Resins
• Drying Alkyd Resins
• Semi-Drying Alkyd Resins

By Process Type:
• Fatty Acid Process
• Glyceride Process

By Formulation Type
• High-Solids Alkyds
• Waterborne Alkyds
• Modifying Alkyds
• Solvent Borne Coatings
• Powder Coatings
• Others

By Application:
• Automotive Refinishing Primers Coil Coatings
• Drum
• Metal Container Coating
• Electrical Insulating Enamels
• Exterior Trim Paints
• Maintenance Paint
• Packaging
• Others

By End-Use:
• Automotive Industry
• Architecture Industry
• Marine Industry
• Food and Beverage Industry
• Appliances
• Others

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Key Insights from The Report:

• Based on resin type, the non-drying alkyd resins segment led the market and accounted for the largest share of the global market in 2023.
• Based on process type, the grey segment captured the highest share of the global market in 2023. Based on formulation type, the high solids alkyds segment dominated the market in 2023.
• Based on application, the automotive refinishing primers coil coatings segment occupied the majority of the global market share in 2023.
• Based on end-use, the architecture industry segment dominated the market in 2023.
• Asia-Pacific dominated the alkyd resin market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the Middle East and Africa region is estimated to grow at the fastest CAGR during the forecast period.

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Alkyd Resin Market, By Resin Type
6.1.1 Non-Drying Alkyd Resins
6.1.2 Drying Alkyd Resins
6.1.3 Semi-Drying Alkyd Resins
6.1.4 Market Size Estimations & Forecasts (2023-2028)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Alkyd Resin Market, By Process Type
6.2.1 Fatty Acid Process
6.2.2 Glyceride Process
6.2.3 Market Size Estimations & Forecasts (2023-2028)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Alkyd Resin Market, By Formulation Type
6.3.1 High-Solids Alkyds
6.3.2 Waterborne Alkyds
6.3.3 Modifying Alkyds
6.3.4 Solvent Borne Coatings
6.3.5 Powder Coatings
6.3.6 Others
6.3.7 Market Size Estimations & Forecasts (2023-2028)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Alkyd Resin Market, By Applciation
6.4.1 Automotive Refinishing Primers Coil Coatings
6.4.2 Drum
6.4.3 Metal Container Coating
6.4.4 Electrical Insulating Enamels
6.4.5 Exterior Trim Paints
6.4.6 Maintenance Paint
6.4.7 Packaging
6.4.8 Others
6.4.9 Market Size Estimations & Forecasts (2023-2028)
6.4.10 Y-o-Y Growth Rate Analysis
6.4.11 Market Attractiveness Index
6.5 Alkyd Resin Market, By End-Use Industry
6.5.1 Automotive Industry
6.5.2 Architecture Industry
6.5.3 Marine Industry
6.5.4 Food and Beverage Industry
6.5.5 Appliances
6.5.6 Others
6.5.7 Market Size Estimations & Forecasts (2023-2028)
6.5.8 Y-o-Y Growth Rate Analysis
6.5.9 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2023-2028)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Resin Type
7.2.3 By Process Type
7.2.4 By Formulation Type
7.2.5 By Application
7.2.6 By End-Use Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Resin Type
7.3.3 By Process Type
7.3.4 By Formulation Type
7.3.5 By Application
7.3.6 By End-Use Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Resin Type
7.4.3 By Process Type
7.4.4 By Formulation Type
7.4.5 By Applciation
7.4.6 By End-Use Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Resin Type
7.5.3 By Process Type
7.5.4 By Formulation Type
7.5.5 By Applciation
7.5.6 By End-Use Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Resin Type
7.6.3 By Process Type
7.6.4 By Formulation Type
7.6.5 By Applciation
7.6.6 By End-Use Industry

8. Key Player Analysis
8.1 Polynt SpA
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Nord Composites
8.3 Mancuso Chemicals Limited
8.4 D.S.V Chemicals Pvt Ltd.
8.5 Macro Polymers
8.6 BASF SE
8.7 Spolchemie
8.8 DowDuPont Inc.
8.9 DSM, Arkema SA
8.10 Cytech Solvay Group

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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