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Alkyd Resin Market

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

4.1 (93 reviews)
Published: August 2021 ID: SMRC20830
4.1 (93 reviews)
Published: August 2021 ID: SMRC20830

This report covers the impact of COVID-19 on this global market
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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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 23.28 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

10.3%

Predicted 2028 Value:

USD 51.00 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

246

Chapters Covered:

Process Type, Resin Type, Formulation Type, Application, End User and Region

Core Drivers and Opportunities:

  • Rising demand for automotive repaints
  • Increase in demand for alkyd resins in wood furniture as well as architectural coatings
  • Growing maritime tourism

Restraining Factors & Market Threats:

  • Environmental restrictions of using solvent based coatings
  • Development of better film-forming agents


Process Types Covered:
• Fatty Acid Process
• Glyceride Process

Resin Types Covered:
• Drying
• Non-Drying
• Semi-Drying   

Formulation Types Covered:
• Dry/Powder Coatings
• High-Solids
• Modified
• Oil-Based
• Solvent Borne Coatings
• Water Reducable

Applications Covered:
• 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

End Users Covered:
• Appliances
• Architectural
• Automotive
• Building & Construction
• Food & Beverages
• Industrial
• Marine
• Packaging

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Alkyd Resin Market is majorly driven by rising demand for automotive repaints, increase in demand for alkyd resins in wood furniture as well as architectural coatings and growing maritime tourism.

The architectural segment is growing at a highest CAGR owing to increased demand from construction industry.

Asia Pacific dominated with a significant market share due to the factors such as rapid industrialization and urbanization areas across the region.

Middle East & Africa market is growing at a highest CAGR owing to the surge in sales of luxury cars, which in turn boosts the growth of the market in the region.

Key players in 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.

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    


List of Tables      
1 Global Alkyd Resin Market Outlook, By Region (2019-2028) (US $MN)      
2 Global Alkyd Resin Market Outlook, By Process Type (2019-2028) (US $MN)     
3 Global Alkyd Resin Market Outlook, By Fatty Acid Process (2019-2028) (US $MN)     
4 Global Alkyd Resin Market Outlook, By Glyceride Process (2019-2028) (US $MN)     
5 Global Alkyd Resin Market Outlook, By Resin Type (2019-2028) (US $MN)     
6 Global Alkyd Resin Market Outlook, By Drying (2019-2028) (US $MN)     
7 Global Alkyd Resin Market Outlook, By Non-Drying (2019-2028) (US $MN)     
8 Global Alkyd Resin Market Outlook, By Semi-Drying (2019-2028) (US $MN)     
9 Global Alkyd Resin Market Outlook, By Formulation Type (2019-2028) (US $MN)     
10 Global Alkyd Resin Market Outlook, By Dry/Powder Coatings (2019-2028) (US $MN)     
11 Global Alkyd Resin Market Outlook, By High-Solids (2019-2028) (US $MN)     
12 Global Alkyd Resin Market Outlook, By Modified (2019-2028) (US $MN)     
13 Global Alkyd Resin Market Outlook, By Oil-Based (2019-2028) (US $MN)     
14 Global Alkyd Resin Market Outlook, By Short Oil (2019-2028) (US $MN)     
15 Global Alkyd Resin Market Outlook, By Medium Oil (2019-2028) (US $MN)     
16 Global Alkyd Resin Market Outlook, By Long Oil (2019-2028) (US $MN)     
17 Global Alkyd Resin Market Outlook, By Solvent Borne Coatings (2019-2028) (US $MN)     
18 Global Alkyd Resin Market Outlook, By Water Reducable (2019-2028) (US $MN)     
19 Global Alkyd Resin Market Outlook, By Application (2019-2028) (US $MN)     
20 Global Alkyd Resin Market Outlook, By Aerosol Paints And Coatings (2019-2028) (US $MN)     
21 Global Alkyd Resin Market Outlook, By Automotive Refinishing Primers Coil Coatings (2019-2028) (US $MN)     
22 Global Alkyd Resin Market Outlook, By Baking Enamels (2019-2028) (US $MN)     
23 Global Alkyd Resin Market Outlook, By Clear Wood Finishes (2019-2028) (US $MN)     
24 Global Alkyd Resin Market Outlook, By Drum Coatings (2019-2028) (US $MN)     
25 Global Alkyd Resin Market Outlook, By Electrical Insulating Enamels (2019-2028) (US $MN)     
26 Global Alkyd Resin Market Outlook, By Exterior Trim Paints (2019-2028) (US $MN)     
27 Global Alkyd Resin Market Outlook, By Fast-Dry Enamels (2019-2028) (US $MN)     
28 Global Alkyd Resin Market Outlook, By Furniture (2019-2028) (US $MN)     
29 Global Alkyd Resin Market Outlook, By Industrial Wood Primers (2019-2028) (US $MN)     
30 Global Alkyd Resin Market Outlook, By Maintenance Paints (2019-2028) (US $MN)     
31 Global Alkyd Resin Market Outlook, By Metal Primers (2019-2028) (US $MN)     
32 Global Alkyd Resin Market Outlook, By Traffic Paint (2019-2028) (US $MN)     
33 Global Alkyd Resin Market Outlook, By End User (2019-2028) (US $MN)     
34 Global Alkyd Resin Market Outlook, By Appliances (2019-2028) (US $MN)     
35 Global Alkyd Resin Market Outlook, By Architectural (2019-2028) (US $MN)     
36 Global Alkyd Resin Market Outlook, By Automotive (2019-2028) (US $MN)     
37 Global Alkyd Resin Market Outlook, By Building & Construction (2019-2028) (US $MN)     
38 Global Alkyd Resin Market Outlook, By Food & Beverages (2019-2028) (US $MN)     
39 Global Alkyd Resin Market Outlook, By Industrial (2019-2028) (US $MN)     
40 Global Alkyd Resin Market Outlook, By Marine (2019-2028) (US $MN)     
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.

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