Reports
Global Alkyd Resin Market Size, Share, Trends, Forecast: By Product Type: Long, Medium, Short, Others; By Application: Building and Construction, Furniture, Automotive, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028
Global Alkyd Resin Market Outlook
The global alkyd resin market size is projected to grow at a CAGR of 5.80% between 2023 and 2028. The market is being aided by the robustly growing construction sector and the rising demand for high-performance coatings in various end-use sectors.
Key Trends in the Market
Alkyd resins are specialised polyesters modified with fatty acids or plant-based oils. They possess remarkable attributes, including swift curing, robust chemical resistance, and exceptional weathering resilience, which are highly valued in the paint sector, distinguishing them from unadulterated oils. Alkyd resins find applications in essential products, ranging from household paints to industrial coatings.
- A major factor aiding the global alkyd resin market growth is the increasing demand for high-performance coatings in different sectors such as marine, aerospace, and industrial machinery. This is boosting the demand for alkyd-based paints and coatings due to their enhanced durability, corrosion resistance, and excellent adhesion properties.
- The increasing transition towards waterborne resins is expected to further propel the growth of the market. The use of water for waterborne resins as a solvent makes these resins eco-friendly with low flammability and toxicity.
- One of the major global alkyd resin market trends is the rising focus on the development of bio-based alkyd resins. Companies are increasingly involved in the development of bio-based products due to the rising concerns regarding rapid climate change. Bio-based resins can be used as high-performance alternatives over fossil fuel-based resins, providing lower volatile organic compounds (VOC) levels.
- The flourishing construction sector is a major factor propelling global alkyd resins market demand. Alkyd resins are used in architectural coatings for applications like walls, ceilings, and trim. Hence, growth in construction activities, particularly in emerging economies, has been a significant driver of the market.
Market Analysis
Based on product type, the market can be segmented as long, medium, and short, among others. The global alkyd resin market segmentation, based on application, includes building and construction, furniture, and automotive, among others. The regional markets for alkyd resin can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global alkyd resin market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Arkema SA
- BASF SE
- National Industrial Resin Company Limited (NIRO)
- Polynt SpA
- Arakawa Chemical Industries,Ltd.
- DIC Corporation
- VIL Resins Limited
- Others
Market Share by Application
According to the global alkyd resin market analysis, the demand for alkyd resin in the automotive sector is likely to be high in the coming years. In the automotive sector, alkyd coatings play essential roles as primers, basecoats, and topcoats. The primer serves as a crucial bonding agent, ensuring that the paint adheres firmly to the car's body. Moreover, it offers an extra layer of protection, guarding against both corrosion and moisture-related damage to the vehicle.
Market Share by Region
The Asia Pacific is expected to be a major regional market for alkyd resins and contribute to a major portion of the global alkyd resin market share in the forecast period. Rapid industrialisation and urbanisation in countries like China and India have led to a substantial increase in construction activities. Alkyd resins find extensive use in architectural coatings for buildings, a demand that has surged alongside the construction boom.
Furthermore, the automotive sector, a major consumer of alkyd resins, has experienced exponential growth in the Asia Pacific, which is another factor propelling the market growth.
Competitive Landscape
Arkema SA is a global speciality chemical manufacturing company, which was founded in the year 2004. Its product range includes various chemical compounds and materials, such as polymers, resins, adhesives, additives, and more. The company provides its services in a wide variety of sectors, including adhesives and sealants, packaging, automotive, and coatings and paints, among others.
BASF SE is a multinational chemical company based in Germany. The company was established in 1865 and has grown from a small dyestuffs factory into a global conglomerate with operations in numerous countries. The company is engaged in the manufacturing of a variety of chemicals and industrial products, including chemicals for industries like agriculture, automotive, construction, electronics, and more.
VIL Resins Limited is a chemical manufacturing company established in 1938 and headquartered in England. The company’s core business focuses on the production and development of acrylics, alkyds, polyesters, isocyanate-modified resins and epoxy esters. In addition, the company also produces aqueous resin dispersions and distributes them internationally.
Other global alkyd resin market players include National Industrial Resin Company Limited (NIRO), Polynt SpA, Arakawa Chemical Industries,Ltd., and DIC Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 (2018-2022)
8.3 Global Alkyd Resin Market Forecast (2023-2028)
8.4 Global Alkyd Resin Market by Product Type
8.4.1 Long
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Medium
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Short
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Alkyd Resin Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Furniture
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Alkyd Resin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.3.1.2 Forecast Trend (2023-2028)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2022)
9.3.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.3.1.2 Forecast Trend (2023-2028)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2022)
10.3.2.2 Forecast Trend (2023-2028)
10.3.3 France
10.3.3.1 Historical Trend (2018-2022)
10.3.3.2 Forecast Trend (2023-2028)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2022)
10.3.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
11.3.1.2 Forecast Trend (2023-2028)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2022)
11.3.2.2 Forecast Trend (2023-2028)
11.3.3 India
11.3.3.1 Historical Trend (2018-2022)
11.3.3.2 Forecast Trend (2023-2028)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2022)
11.3.4.2 Forecast Trend (2023-2028)
11.3.5 Australia
11.3.5.1 Historical Trend (2018-2022)
11.3.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
12.3.1.2 Forecast Trend (2023-2028)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2022)
12.3.2.2 Forecast Trend (2023-2028)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2022)
12.3.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
13.3.1.2 Forecast Trend (2023-2028)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2022)
13.3.2.2 Forecast Trend (2023-2028)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2022)
13.3.3.2 Forecast Trend (2023-2028)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2022)
13.3.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Alkyl Resin Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Alkyl Resin Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Alkyl Resin Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Alkyl Resin Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Alkyl Resin Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Alkyl Resin Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Alkyl Resin Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Alkyl Resin Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Alkyl Resin Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.80% between 2023 and 2028.
The market is driven by increasing demand for the product from the construction sector and the development of high-quality resin-based products.
The growing focus on the development of waterborne resins and the rising demand for high-performance coatings in various sectors are expected to guide the market in the coming years.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different product types are long, medium, and short, among others.
The different applications of the product include building and construction, furniture, and automotive, among others.
The key players in the market include Arkema SA, BASF SE, National Industrial Resin Company Limited (NIRO), Polynt SpA, Arakawa Chemical Industries,Ltd., DIC Corporation, and VIL Resins Limited, among others.
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