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Alkyd Resin Market Report and Forecast 2024-2032

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    Report

  • 208 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982027

Market Outlook

According to this report, the alkyd resin market size is projected to further grow at a CAGR of 5.80% between 2024 and 2032. Aided by increasing demand for durable and versatile coatings and the growing applications of alkyd resins in various sectors, the market is expected to significantly grow by 2032.

Alkyd resins are synthetic resins made by heating polyhydric alcohols with polybasic acids. They are primarily used in the production of coatings, paints, and varnishes due to their excellent durability, adhesion, and gloss properties. Alkyd resins are valued for their versatility and are used in various applications, including architectural coatings, industrial coatings, and automotive paints.

The increasing demand for durable and versatile coatings is driving the alkyd resin market growth. Alkyd resins are widely used in the coatings sector due to their superior properties, such as excellent adhesion, high gloss, and resistance to weathering. The growing construction and automotive industries are major consumers of alkyd resin-based coatings, contributing significantly to market growth.

Additionally, the rising trend of using eco-friendly and sustainable products is boosting the demand for waterborne alkyd resins. Traditional solvent-based alkyd resins are associated with high volatile organic compound (VOC) emissions, which are harmful to the environment. To address this issue, manufacturers are developing waterborne alkyd resins that offer similar performance with reduced environmental impact. The increasing focus on sustainability and stringent environmental regulations are driving the adoption of waterborne alkyd resins.

The expanding applications of alkyd resins in various sectors also play a significant role in propelling the market. In the architectural coatings sector, alkyd resins are used for exterior and interior paints due to their durability and aesthetic appeal. In the industrial sector, they are used for protective coatings in machinery, equipment, and infrastructure. The automotive sector uses alkyd resins for automotive refinishes and original equipment manufacturer (OEM) coatings. The versatility of alkyd resins in different applications is driving their demand, consequently driving up the alkyd resin market share.

In North America, the United States, in particular, is a key contributor to the market growth, owing to the robust construction and automotive sectors. The increasing focus on sustainability and the adoption of waterborne alkyd resins are further boosting the market in North America.

Technological advancements play a crucial role in the growth of the market. The development of advanced manufacturing processes and formulations is enhancing the performance and application range of alkyd resins. Innovations such as high-solid alkyd resins, which offer improved performance with reduced VOC emissions, are gaining popularity. These advancements are driving the adoption of alkyd resins in various high-performance coating applications.

Moreover, the integration of nanotechnology in alkyd resin formulations is driving market growth. Nanotechnology enables the development of alkyd resins with enhanced properties, such as increased scratch resistance, improved UV stability, and better adhesion. The use of nanotechnology in alkyd resins is expected to further boost their demand in advanced coating applications.

As per the alkyd resin market analysis, the future of the market looks promising, with continuous advancements in technology and increasing demand for durable and versatile coatings. The growing adoption of waterborne alkyd resins and the development of high-performance formulations are expected to further boost the market. Additionally, the expansion of the construction and automotive sectors in emerging economies and the increasing investments in infrastructure development are anticipated to create new avenues for market growth.

Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

  • Long
  • Medium
  • Short
  • Others

Market Breakup by Application

  • Building and Construction
  • Furniture
  • Automotive
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Europe

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global alkyd resin market. some of the major players explored in the report are as follows:
  • Arkema SA
  • BASF SE
  • National Industrial Resin Company Limited (NIRO)
  • Polynt SpA
  • Arakawa Chemical Industries,Ltd.
  • DIC Corporation
  • VIL Resins Limited
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Alkyd Resin Market Overview
8.1 Key Industry Highlights
8.2 Global Alkyd Resin Market (2018-2023)
8.3 Global Alkyd Resin Market Forecast (2024-2032)
8.4 Global Alkyd Resin Market by Product Type
8.4.1 Long
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Short
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Alkyd Resin Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Furniture
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Alkyd Resin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Alkyd Resin Market Analysis
9.1 Market by Product Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Alkyd Resin Market Analysis
10.1 Market by Product Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Alkyd Resin Market Analysis
11.1 Market by Product Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Alkyd Resin Market Analysis
12.1 Market by Product Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Alkyd Resin Market Analysis
13.1 Market by Product Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Arkema SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BASF SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 National Industrial Resin Company Limited (NIRO)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Polynt SpA
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Arakawa Chemical Industries,Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DIC Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 VIL Resins Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Alkyl Resin Market: Key Industry Highlights, 2018 and 2032
2. Global Alkyl Resin Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Alkyl Resin Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Alkyl Resin Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Alkyl Resin Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Alkyl Resin Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Alkyl Resin Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Alkyl Resin Market Structure

Companies Mentioned

  • Arkema SA
  • BASF SE
  • National Industrial Resin Company Limited (NIRO)
  • Polynt SpA
  • Arakawa Chemical Industries,Ltd.
  • DIC Corporation
  • VIL Resins Limited

Methodology

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Table Information