Alkyd Resin Market Forecasts to 2028 – Global Analysis By Process Type (Fatty Acid Process and Glyceride Process), Resin Type (Drying, Semi-Drying, and Non-Drying), Formulation Type, Application, End User and By Geography
According to Stratistics MRC, the Global Alkyd Resin Market is accounted for $23.28 billion in 2020 and is expected to reach $51.00 billion by 2028 growing at a CAGR of 10.3% during the forecast period. Rising demand for automotive repaints, increase in demand for alkyd resins in wood furniture as well as architectural coatings and growing maritime tourism are driving the market growth. However, environmental restrictions of using solvent based coatings are hampering the growth of the market.
Alkyd resin is a complex polyester which is oil-modified and behaves as a film-forming agent in paints and clear coatings. They are made by reaction of dibasic acid or its anhydrides with drying oil and polyols. They are primarily used to make protective coatings owing to their advanced weather resistance capabilities. Moreover, alkyd resins could be formulated with several coating polymers to enhance their application properties.
Based on the formulation type, the high-solids segment is going to have lucrative growth during the forecast period as they can be implemented with traditional spray equipment as well as mixed with conventional alkyds to reduce the emission of volatile organic compounds (VOC).
By geography, Asia Pacific is going to have high growth during the forecast period which could be attributed to the rapid industrialization and urbanization. Moreover, growing importance of digital color solution and rising passenger car sales are expected to influence the growth of the market in the region.
Some of the key players profiled in the Alkyd Resin Market include Aekyung Chemical, Arakawa Chemical Industries,Ltd, BASF SE, D.S.V Chemicals Pvt Ltd., DIC Corporation, DowDuPont Inc., Macro Polymers, Mancuso Chemicals Limited, Nord Composites, Polynt SpA, Qualipoly Chemical Corp, SANMU Group, Shanghai Yoo-Pont Chemical Industry Co., Ltd, Spolchemie and Yip's Chemical Holdings Limited.
Process Types Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
Alkyd resin is a complex polyester which is oil-modified and behaves as a film-forming agent in paints and clear coatings. They are made by reaction of dibasic acid or its anhydrides with drying oil and polyols. They are primarily used to make protective coatings owing to their advanced weather resistance capabilities. Moreover, alkyd resins could be formulated with several coating polymers to enhance their application properties.
Based on the formulation type, the high-solids segment is going to have lucrative growth during the forecast period as they can be implemented with traditional spray equipment as well as mixed with conventional alkyds to reduce the emission of volatile organic compounds (VOC).
By geography, Asia Pacific is going to have high growth during the forecast period which could be attributed to the rapid industrialization and urbanization. Moreover, growing importance of digital color solution and rising passenger car sales are expected to influence the growth of the market in the region.
Some of the key players profiled in the Alkyd Resin Market include Aekyung Chemical, Arakawa Chemical Industries,Ltd, BASF SE, D.S.V Chemicals Pvt Ltd., DIC Corporation, DowDuPont Inc., Macro Polymers, Mancuso Chemicals Limited, Nord Composites, Polynt SpA, Qualipoly Chemical Corp, SANMU Group, Shanghai Yoo-Pont Chemical Industry Co., Ltd, Spolchemie and Yip's Chemical Holdings Limited.
Process Types Covered:
- Fatty Acid Process
- Glyceride Process
- Drying
- Non-Drying
- Semi-Drying
- Dry/Powder Coatings
- High-Solids
- Modified
- Oil-Based
- Solvent Borne Coatings
- Water Reducable
- Aerosol Paints and Coatings
- Automotive Refinishing Primers Coil Coatings
- Baking Enamels
- Clear Wood Finishes
- Drum Coatings
- Electrical Insulating Enamels
- Exterior Trim Paints
- Fast-Dry Enamels
- Furniture
- Industrial Wood Primers
- Maintenance Paints
- Metal Primers
- Traffic Paint
- Appliances
- Architectural
- Automotive
- Building & Construction
- Food & Beverages
- Industrial
- Marine
- Packaging
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL ALKYD RESIN MARKET, BY PROCESS TYPE
5.1 Introduction
5.2 Fatty Acid Process
5.3 Glyceride Process
6 GLOBAL ALKYD RESIN MARKET, BY RESIN TYPE
6.1 Introduction
6.2 Drying
6.3 Non-Drying
6.4 Semi-Drying
7 GLOBAL ALKYD RESIN MARKET, BY FORMULATION TYPE
7.1 Introduction
7.2 Dry/Powder Coatings
7.3 High-Solids
7.4 Modified
7.5 Oil-Based
7.5.1 Short Oil
7.5.2 Medium Oil
7.5.3 Long Oil
7.6 Solvent Borne Coatings
7.7 Water Reducable
8 GLOBAL ALKYD RESIN MARKET, BY APPLICATION
8.1 Introduction
8.2 Aerosol Paints and Coatings
8.3 Automotive Refinishing Primers Coil Coatings
8.4 Baking Enamels
8.5 Clear Wood Finishes
8.6 Drum Coatings
8.7 Electrical Insulating Enamels
8.8 Exterior Trim Paints
8.9 Fast-Dry Enamels
8.10 Furniture
8.11 Industrial Wood Primers
8.12 Maintenance Paints
8.13 Metal Primers
8.14 Traffic Paint
9 GLOBAL ALKYD RESIN MARKET, BY END USER
9.1 Introduction
9.2 Appliances
9.3 Architectural
9.4 Automotive
9.5 Building & Construction
9.6 Food & Beverages
9.7 Industrial
9.8 Marine
9.9 Packaging
10 GLOBAL ALKYD RESIN MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 Aekyung Chemical
12.2 Arakawa Chemical Industries,Ltd
12.3 BASF SE
12.4 D.S.V Chemicals Pvt Ltd.
12.5 DIC Corporation
12.6 DowDuPont Inc.
12.7 Macro Polymers
12.8 Mancuso Chemicals Limited
12.9 Nord Composites
12.10 Polynt SpA
12.11 Qualipoly Chemical Corp
12.12 SANMU Group
12.13 Shanghai Yoo-Pont Chemical Industry Co., Ltd
12.14 Spolchemie
12.15 Yip's Chemical Holdings Limited
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL ALKYD RESIN MARKET, BY PROCESS TYPE
5.1 Introduction
5.2 Fatty Acid Process
5.3 Glyceride Process
6 GLOBAL ALKYD RESIN MARKET, BY RESIN TYPE
6.1 Introduction
6.2 Drying
6.3 Non-Drying
6.4 Semi-Drying
7 GLOBAL ALKYD RESIN MARKET, BY FORMULATION TYPE
7.1 Introduction
7.2 Dry/Powder Coatings
7.3 High-Solids
7.4 Modified
7.5 Oil-Based
7.5.1 Short Oil
7.5.2 Medium Oil
7.5.3 Long Oil
7.6 Solvent Borne Coatings
7.7 Water Reducable
8 GLOBAL ALKYD RESIN MARKET, BY APPLICATION
8.1 Introduction
8.2 Aerosol Paints and Coatings
8.3 Automotive Refinishing Primers Coil Coatings
8.4 Baking Enamels
8.5 Clear Wood Finishes
8.6 Drum Coatings
8.7 Electrical Insulating Enamels
8.8 Exterior Trim Paints
8.9 Fast-Dry Enamels
8.10 Furniture
8.11 Industrial Wood Primers
8.12 Maintenance Paints
8.13 Metal Primers
8.14 Traffic Paint
9 GLOBAL ALKYD RESIN MARKET, BY END USER
9.1 Introduction
9.2 Appliances
9.3 Architectural
9.4 Automotive
9.5 Building & Construction
9.6 Food & Beverages
9.7 Industrial
9.8 Marine
9.9 Packaging
10 GLOBAL ALKYD RESIN MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 Aekyung Chemical
12.2 Arakawa Chemical Industries,Ltd
12.3 BASF SE
12.4 D.S.V Chemicals Pvt Ltd.
12.5 DIC Corporation
12.6 DowDuPont Inc.
12.7 Macro Polymers
12.8 Mancuso Chemicals Limited
12.9 Nord Composites
12.10 Polynt SpA
12.11 Qualipoly Chemical Corp
12.12 SANMU Group
12.13 Shanghai Yoo-Pont Chemical Industry Co., Ltd
12.14 Spolchemie
12.15 Yip's Chemical Holdings Limited
LIST OF TABLES
Table 1 Global Alkyd Resin Market Outlook, By Region (2019-2028) (US $MN)
Table 2 Global Alkyd Resin Market Outlook, By Process Type (2019-2028) (US $MN)
Table 3 Global Alkyd Resin Market Outlook, By Fatty Acid Process (2019-2028) (US $MN)
Table 4 Global Alkyd Resin Market Outlook, By Glyceride Process (2019-2028) (US $MN)
Table 5 Global Alkyd Resin Market Outlook, By Resin Type (2019-2028) (US $MN)
Table 6 Global Alkyd Resin Market Outlook, By Drying (2019-2028) (US $MN)
Table 7 Global Alkyd Resin Market Outlook, By Non-Drying (2019-2028) (US $MN)
Table 8 Global Alkyd Resin Market Outlook, By Semi-Drying (2019-2028) (US $MN)
Table 9 Global Alkyd Resin Market Outlook, By Formulation Type (2019-2028) (US $MN)
Table 10 Global Alkyd Resin Market Outlook, By Dry/Powder Coatings (2019-2028) (US $MN)
Table 11 Global Alkyd Resin Market Outlook, By High-Solids (2019-2028) (US $MN)
Table 12 Global Alkyd Resin Market Outlook, By Modified (2019-2028) (US $MN)
Table 13 Global Alkyd Resin Market Outlook, By Oil-Based (2019-2028) (US $MN)
Table 14 Global Alkyd Resin Market Outlook, By Short Oil (2019-2028) (US $MN)
Table 15 Global Alkyd Resin Market Outlook, By Medium Oil (2019-2028) (US $MN)
Table 16 Global Alkyd Resin Market Outlook, By Long Oil (2019-2028) (US $MN)
Table 17 Global Alkyd Resin Market Outlook, By Solvent Borne Coatings (2019-2028) (US $MN)
Table 18 Global Alkyd Resin Market Outlook, By Water Reducable (2019-2028) (US $MN)
Table 19 Global Alkyd Resin Market Outlook, By Application (2019-2028) (US $MN)
Table 20 Global Alkyd Resin Market Outlook, By Aerosol Paints And Coatings (2019-2028) (US $MN)
Table 21 Global Alkyd Resin Market Outlook, By Automotive Refinishing Primers Coil Coatings (2019-2028) (US $MN)
Table 22 Global Alkyd Resin Market Outlook, By Baking Enamels (2019-2028) (US $MN)
Table 23 Global Alkyd Resin Market Outlook, By Clear Wood Finishes (2019-2028) (US $MN)
Table 24 Global Alkyd Resin Market Outlook, By Drum Coatings (2019-2028) (US $MN)
Table 25 Global Alkyd Resin Market Outlook, By Electrical Insulating Enamels (2019-2028) (US $MN)
Table 26 Global Alkyd Resin Market Outlook, By Exterior Trim Paints (2019-2028) (US $MN)
Table 27 Global Alkyd Resin Market Outlook, By Fast-Dry Enamels (2019-2028) (US $MN)
Table 28 Global Alkyd Resin Market Outlook, By Furniture (2019-2028) (US $MN)
Table 29 Global Alkyd Resin Market Outlook, By Industrial Wood Primers (2019-2028) (US $MN)
Table 30 Global Alkyd Resin Market Outlook, By Maintenance Paints (2019-2028) (US $MN)
Table 31 Global Alkyd Resin Market Outlook, By Metal Primers (2019-2028) (US $MN)
Table 32 Global Alkyd Resin Market Outlook, By Traffic Paint (2019-2028) (US $MN)
Table 33 Global Alkyd Resin Market Outlook, By End User (2019-2028) (US $MN)
Table 34 Global Alkyd Resin Market Outlook, By Appliances (2019-2028) (US $MN)
Table 35 Global Alkyd Resin Market Outlook, By Architectural (2019-2028) (US $MN)
Table 36 Global Alkyd Resin Market Outlook, By Automotive (2019-2028) (US $MN)
Table 37 Global Alkyd Resin Market Outlook, By Building & Construction (2019-2028) (US $MN)
Table 38 Global Alkyd Resin Market Outlook, By Food & Beverages (2019-2028) (US $MN)
Table 39 Global Alkyd Resin Market Outlook, By Industrial (2019-2028) (US $MN)
Table 40 Global Alkyd Resin Market Outlook, By Marine (2019-2028) (US $MN)
Table 41 Global Alkyd Resin Market Outlook, By Packaging (2019-2028) (US $MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Table 1 Global Alkyd Resin Market Outlook, By Region (2019-2028) (US $MN)
Table 2 Global Alkyd Resin Market Outlook, By Process Type (2019-2028) (US $MN)
Table 3 Global Alkyd Resin Market Outlook, By Fatty Acid Process (2019-2028) (US $MN)
Table 4 Global Alkyd Resin Market Outlook, By Glyceride Process (2019-2028) (US $MN)
Table 5 Global Alkyd Resin Market Outlook, By Resin Type (2019-2028) (US $MN)
Table 6 Global Alkyd Resin Market Outlook, By Drying (2019-2028) (US $MN)
Table 7 Global Alkyd Resin Market Outlook, By Non-Drying (2019-2028) (US $MN)
Table 8 Global Alkyd Resin Market Outlook, By Semi-Drying (2019-2028) (US $MN)
Table 9 Global Alkyd Resin Market Outlook, By Formulation Type (2019-2028) (US $MN)
Table 10 Global Alkyd Resin Market Outlook, By Dry/Powder Coatings (2019-2028) (US $MN)
Table 11 Global Alkyd Resin Market Outlook, By High-Solids (2019-2028) (US $MN)
Table 12 Global Alkyd Resin Market Outlook, By Modified (2019-2028) (US $MN)
Table 13 Global Alkyd Resin Market Outlook, By Oil-Based (2019-2028) (US $MN)
Table 14 Global Alkyd Resin Market Outlook, By Short Oil (2019-2028) (US $MN)
Table 15 Global Alkyd Resin Market Outlook, By Medium Oil (2019-2028) (US $MN)
Table 16 Global Alkyd Resin Market Outlook, By Long Oil (2019-2028) (US $MN)
Table 17 Global Alkyd Resin Market Outlook, By Solvent Borne Coatings (2019-2028) (US $MN)
Table 18 Global Alkyd Resin Market Outlook, By Water Reducable (2019-2028) (US $MN)
Table 19 Global Alkyd Resin Market Outlook, By Application (2019-2028) (US $MN)
Table 20 Global Alkyd Resin Market Outlook, By Aerosol Paints And Coatings (2019-2028) (US $MN)
Table 21 Global Alkyd Resin Market Outlook, By Automotive Refinishing Primers Coil Coatings (2019-2028) (US $MN)
Table 22 Global Alkyd Resin Market Outlook, By Baking Enamels (2019-2028) (US $MN)
Table 23 Global Alkyd Resin Market Outlook, By Clear Wood Finishes (2019-2028) (US $MN)
Table 24 Global Alkyd Resin Market Outlook, By Drum Coatings (2019-2028) (US $MN)
Table 25 Global Alkyd Resin Market Outlook, By Electrical Insulating Enamels (2019-2028) (US $MN)
Table 26 Global Alkyd Resin Market Outlook, By Exterior Trim Paints (2019-2028) (US $MN)
Table 27 Global Alkyd Resin Market Outlook, By Fast-Dry Enamels (2019-2028) (US $MN)
Table 28 Global Alkyd Resin Market Outlook, By Furniture (2019-2028) (US $MN)
Table 29 Global Alkyd Resin Market Outlook, By Industrial Wood Primers (2019-2028) (US $MN)
Table 30 Global Alkyd Resin Market Outlook, By Maintenance Paints (2019-2028) (US $MN)
Table 31 Global Alkyd Resin Market Outlook, By Metal Primers (2019-2028) (US $MN)
Table 32 Global Alkyd Resin Market Outlook, By Traffic Paint (2019-2028) (US $MN)
Table 33 Global Alkyd Resin Market Outlook, By End User (2019-2028) (US $MN)
Table 34 Global Alkyd Resin Market Outlook, By Appliances (2019-2028) (US $MN)
Table 35 Global Alkyd Resin Market Outlook, By Architectural (2019-2028) (US $MN)
Table 36 Global Alkyd Resin Market Outlook, By Automotive (2019-2028) (US $MN)
Table 37 Global Alkyd Resin Market Outlook, By Building & Construction (2019-2028) (US $MN)
Table 38 Global Alkyd Resin Market Outlook, By Food & Beverages (2019-2028) (US $MN)
Table 39 Global Alkyd Resin Market Outlook, By Industrial (2019-2028) (US $MN)
Table 40 Global Alkyd Resin Market Outlook, By Marine (2019-2028) (US $MN)
Table 41 Global Alkyd Resin Market Outlook, By Packaging (2019-2028) (US $MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
