Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global alkyd resin market size is projected to grow at a CAGR of 5.80% between 2024 and 2032. The market is being aided by the robustly growing construction sector and the rising demand for high-performance coatings in various end-use sectors.
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.
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.
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product Type |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share