Alkyd Resin Market Report 2026

The alkyd resin market size has grown strongly in recent years. It will grow from $26.41 billion in 2025 to $28.32 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in oil based paints demand, widespread architectural coatings usage, cost effectiveness compared to alternative resins, strong demand for high gloss finishes, long standing use in metal and wood protection.

The alkyd resin market size is expected to see strong growth in the next few years. It will grow to $37.46 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to transition toward eco friendly coatings, increasing adoption of water reducible alkyds, rising infrastructure development activities, growth in automotive refinishing applications, advancements in alkyd resin modification technologies. Major trends in the forecast period include low voc alkyd formulations, shift toward waterborne alkyd resins, rising demand for high durability industrial coatings, increased use in maintenance and protective paints, growing adoption of modified alkyd resins.

The expanding automotive industry is projected to drive the growth of the alkyd resin market in the upcoming years. The automotive industry encompasses the design, manufacturing, and sale of motor vehicles, such as cars, trucks, and motorcycles. This sector is experiencing growth due to the increasing demand for electric vehicles (EVs), as consumers increasingly seek eco-friendly transportation options supported by government incentives. Alkyd resins play a crucial role in the automotive sector due to their exceptional durability and high-gloss finish, which provide long-lasting protection and an attractive appearance for vehicles. For example, in July 2023, the Society of Motor Manufacturers and Traders, a UK-based trade association, reported an 11.7% increase in British car production during the first half of 2023, totaling 450,168 units. Additionally, production of plug-in hybrid (PHEV) and battery electric vehicles (BEVs) surged by 71.6% to reach a record 170,231 units as of June, marking five consecutive months of growth. Thus, the growth of the automotive industry is significantly boosting the alkyd resin market.

Key players in the alkyd resin market are focusing on developing innovative solutions, such as bio-based alkyd resins, to improve product performance while reducing environmental impact. Bio-based alkyd resins are derived from renewable plant-based resources, providing a sustainable alternative to traditional petroleum-based resins without sacrificing performance. For instance, in March 2023, Groupe Berkem, a French chemical manufacturing company, introduced a new line of 100% bio-based alkyd resins aimed at the construction paints market, produced by its subsidiary Lixol. These innovative resins are made entirely from renewable materials, such as vegetable oils and bio-based solvents, eliminating petroleum-derived components. This formulation addresses environmental concerns associated with conventional chemical products while offering performance characteristics comparable to traditional alkyds, including durability, good drying performance, long-lasting hardness, and resistance to aging.

In June 2023, Groupe Berkem, a France-based provider of bio-based chemicals and resin technologies, entered into a joint venture agreement with Groupe Dolidol for an undisclosed amount. Through this joint venture, the partners aim to expand alkyd resin supply capacity across French-speaking West Africa and neighboring markets, diversifying regional sourcing and strengthening supply chain resilience for coatings manufacturers. Groupe Dolidol is an Africa-based company specializing in polyurethane foam, bedding, and industrial joinery materials, offering local industrial and distribution capabilities to support the new alkyd resin facility.

Major companies operating in the alkyd resin market are Polynt SpA, Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG, Synthesia a.s., DIC Corporation, Arkema SA, Allnex Belgium SA, DSM Coating Resins, Eternal Materials Co., Ltd., Chang Chun Group, Macro Polymers Pvt Ltd, Amura Polymers Pvt Ltd, Megara Resins, Uniform Synthetics, Krishna Resins and Pigments Pvt Ltd, Orson Resins and Coatings Pvt Ltd, Subham Oils and Resins Pvt Ltd, Berger Resins, Nuplex Industries Ltd, Hexion Inc., Reichhold LLC.

Asia-Pacific was the largest region in the alkyd resin market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alkyd resin market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alkyd resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The alkyd resin market consists of sales of high solids alkyd resin, styrenated alkyd resin, amino alkyd resin, short oil alkyd resin, and long oil alkyd resin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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