Global Alkyd Resins
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Alkyd Resins Market Report 2024.
According to Cognitive Market Research, the global market Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|---|
Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Application |
|
Market Split by Process |
|
Market Split by Formulation |
|
Market Split by End Users |
|
Market Split by Conclusion | |
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Alkyd Resins industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Alkyd Resins Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Alkyd resins are complex, oil-modified polyester that serves as the film-forming agent in some paints and clear coatings. The market of alkyd resin is growing due to the growing demand for the consumption of paint and coating industry and this is the major driver for the growth of the industry. Additionally, high-quality properties and compatibility of resins with a wide range of polymers are expected to raise the market growth. However, the fluctuation in the price of the raw material can hamper the growth of the market. According to Science Direct, the global alkyd resin market was about 22.8 billion in 2021.
When a polyester resin is modified using the fatty acids alkyds are produced. They are the derivatives of the organic compounds made from the multiple hydroxyl group.
Additionally, there is a rise in the marine trade, which is contributing to the rise in demand for alkyd resins. According to the un trade and development marine trade is has grown 2.4% and expected to grow around 2% between 2024-2028 (Source:https://unctad.org/publication/review-maritime-transport-2023). The alkyd resins are also used in architectural coating and wood furniture. Further, using user-friendly coating materials and government laws regarding the usage of inorganic chemical compounds also play an important role in expanding the market of alkyd resins. Due to environmental consciousness solvent-based acrylic resin is an alternative source for water-based resins. According to the article by Mapei, water-based coatings account for about 80% of paint sold in the residential marketplace when compared to their solvent-based counterparts. (Source:https://www.mapei.com/my/en/blog/techical-talk-details/2020/06/25/comparing-solvent-based-and-water-based-coatings). This was about the complete overview of the Alkyd resins market.
Alkyd resin is majorly used in the painting and coating industry, and as the market of the painting and coating industry is increasing it ultimately helps the resin market to grow. According to an article by PCI magazine, the global automotive coating market is estimated to reach 18.4 billion in 2024.
(Source:https://www.pcimag.com/articles/112387-new-automotive-coatings-market-report-released).
Alkyd resin demand is rising continuously in the paint and coating sector. The reason for this increasing demand is that alkyd resin is the most abundant category of synthetic resins, has significant features, and is used in a variety of industrial applications. It is an oil-modified polyester or alkyd resin and is a film-forming ingredient found in several paints and clear coats. These resins can be easily modified to attain desired qualities since they are compatible with a wide variety of other resins used in the paint industry, such as amino resin, phenolic, resin, resin, and polyurethanes.
Moreover, varnishes and enamels made from modified alkyd resins are used to paint automobiles, aircraft, trains, and farm equipment. According to the article published by VHM, 30-40% of alkyd resins are used on metal surfaces in automotive industries, 45-55% are used in various enamels, 55-70% are used in the construction industry or any other surface exposed to the arduous condition. (Source:https://www.vanhornmetz.com/different-alkyd-resin-uses/). Alkyd resins mixed with urea and melamine-formaldehyde are additionally utilized in this composition. Cars, bicycles, and other equipment can be painted with enamels made from resins. Because of its wide applicability, it is anticipated that manufacturers and researchers will continue to conduct research and development, which will accelerate market expansion. Hence increasing demand for the paint and coating industry leads to a rise in the demand
• For instance, according to the article by Pubmed Central, the commercial volume of the paint and coating industry will be around $160 billion in 2020 increasing by a 4% growth rate day by day.
(Source:https://www.ncbi.nlm.nih.gov/pmc/articles/pmc10507036/).
The major factor that helps in raising the demand of the market is the rising income of the consumer. According to the news article from The Economic Times, 52% of consumers have experienced growth in their income while 74% of consumers expect their income to grow by this year and 60% of consumers can save after expenses.
The improvement in consumer lifestyles has led to an increasing focus on durability and quality. Coatings made of alkyd resin are renowned for their superior adhesion, robustness, and resilience against deterioration. Higher-income consumers are more inclined to select a durable coating that needs less maintenance. Alkyd resin-based coatings are more demand as people look for products that fit their ideal lifestyle.
Consumers are more willing to invest in premium and specialist coatings for particular purposes if they have more discretionary income. Alkyd resins can be made to fulfill certain specifications, like low volatile organic compound (VOC) concentration, chemical resistance, and heat resistance. Specialty coatings based on alkyd resin are in high demand because consumers who value specialized features are prepared to pay more for coatings that provide improved performance. Growing disposable income will help in growing the market.
Raw material pricing fluctuation and instability have a broad impact on manufacturing companies. Challenges are causing supply chains to become unstable, making it harder for manufacturers to either absorb additional costs or find innovative ways to reduce expenses. These challenges range from growing energy costs to unforeseen swings in the pricing of raw materials. The oil sector has been hampered by Russia's invasion of Ukraine, which has caused oil prices to soar. Russia is a major producer of natural gas and oil.
Low investment in the oil and gas sector and increased fuel demand brought on by the world economies recovering from the COVID-19 epidemic contributed to the price of crude oil being inflated even before the conflict. The company's profitability factor may be harmed by the high and erratic costs of raw materials and inefficient price management. Such variations in the price of crude oil can have a detrimental effect on the cost of alkyd resin and its uses. In addition, these price swings cause changes in the cost of alkyd resin's manufacturing, which has a substantial effect on end-user prices. Fluctuations in the prices of raw materials can hamper the growth of the market, this was about the restraint factor of the alkyd resins market.
• For instance, the article by the World Economic Forum, states that the price was $100 per barrel which further increased to $110 per barrel, which was a 15% rise in the price of oil. Oil is the raw material for the alkyd resins hence it hampers the market.
(Source:https://www.weforum.org/agenda/2022/03/how-does-the-war-in-ukraine-affect-oil-prices/).
Impact of the COVID-19 on the Alkyd Resins Market.
The pandemic has significantly affected the market of alkyd resins market as there was a disruption in the supply chain in various industries including the chemical industry. The restriction on the movement and social segregation influenced the logistics of raw materials, and transportation, which has influenced the manufacturing and distribution of alkyd resins.
The pandemic has caused a slower down in the process for many end-users that use alkyd resins, the alkyd resins are used in industries like automotive, building, and aerospace. As a result of the decreasing demand for alkyd resins in various industries leads to a decrease in production, operation, and postponing construction projects, which temporarily decreases sales. This was about the impact of COVID-19 on the alkyd resins market.
• For instance, according to the report on Counterpoint, due to the pandemic automotive sales have reduced by 20% and reached 1.33 million. As alkyd resins are used in the automotive industry and other industries, this reduction in the market of the automotive industry also leads to a reduction in the alkyd resin market.
There is a growing consumer awareness of products that have an environmental impact. They are in favor of eco-friendly goods that promote sustainable lifestyles and lessen environmental harm. According to the Green Match article China has imposed 4% taxes on the use of high VOC levels, aiming to lower pollution levels. (Source- https://www.greenmatch.co.uk/blog/is-paint-bad-for-the-environment ) Paints and varnishes made with environmentally friendly alkyd resins are therefore in high demand.
A growing number of companies are embracing sustainability as a fundamental idea and implementing it into their corporate plans.
They work to minimize environmental impact, support sustainable procurement, and lower carbon footprints throughout all of their supply chains. Businesses are realizing the market demand for eco-friendly products as sustainability becomes an increasingly important consideration when making selections about what to buy. Providing environmentally friendly alkyd resin-based paints and coatings gives businesses a competitive edge by satisfying consumer, demands. Hence increasing demand for sustainable coating will create new opportunities.
• For instance, according to the article by Research Gate, the renewability content of solvent-based alkyd resins is around 50%–60% by weight. Additionally, Several attempts to develop renewable and hard dicarboxylic acids have also been made, and the possibility of developing renewable alkyd resins that are 80-95% by weight shortly.
Recent Development
• On June 5, 2023, Groupe Berkem a leading player in bio-based chemistry announced the signing of a memorandum to understand the creation of a joint venture with Groupe Dolidol, a leading Pan-African player in the polyurethane foam, to set up an alkyd resin production and sales in the ivory coast.
• On July 1, 2022, the Polynt group announced its decision to expand coating resin production to serve the North American coating market. This expansion will be fully effective by 2023 and will meet the needs of a growing industry of alkyd, polyester, copolymer, emulsion, and urethane resin technologies.
We have various report editions of Alkyd Resins Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The major key players are highly investing in research and development so that they can expand their product line, which will help the alkyd resins market to grow even more. They are also using new strategies to expand their footprint, by making important decisions like developing new product launches, contractual agreements, mergers, and acquisitions, higher investment, and collaboration with the organization. So that they can expand and survive in the competitive and rising market climate,
The major players in the market are adopting various strategies to lead the market. They are using different strategies like comparing the revenue, expenses, resources, product portfolio, region coverage, market share, and key initiatives. The key market players are also constantly focusing on R&D so that they can provide the most effective and cost-effective solution. They are also strengthening the market through innovation, brand reputation, and leadership. The companies are using various strategies to lead the market.
Top Companies Market Share in Alkyd Resins Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific is the dominating region in this market. The region has seen the highest growth in the market due to the growing chemical industries in China and India as these two countries are the largest contributing to the growth of the market in this region. business operating in China is the most dominant player in terms of producing alkyd resin.
North American region is the fastest-growing region. The market in this region is driven by the growing consumption of the paint and coating industry. Additionally, high-quality properties and compatibility of alkyd resins with a wide range of polymers are expected to grow the market. Fluctuations in the price of raw materials for manufacturing alkyd resins will hamper the growth of the market. This was about the dominating and fastest-growing region for the alkyd resins market.
The current report Scope analyzes Alkyd Resins Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to cognitive market research, the North America market Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to cognitive market research, the European Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to cognitive market research, the Asia-Pacific market Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to cognitive market research, the South American market Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to cognitive market research, the Middle East and Africa market Alkyd Resins Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Global Alkyd Resins Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Alkyd Resins Industry growth. Alkyd Resins market has been segmented with the help of its Type, Application Process, and others. Alkyd Resins market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Non-drying alkyd resins dominate the market in these segments, they are used in a wide range for coating. plasticizers are the materials that are used to improve the plasticity or fluidity of a material. to meet the demand for specific coating properties good film formation is very essential. Hence non-drying alkyd resins dominate the market in the resin type segmentation.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Alkyd Resins Industry. Request a Free Sample PDF!
The automotive sector dominates the market in the application segment. The category that brings in the most money is automobiles. In the car business, alkyd resins are utilized as primers, top coats, and base coats. Car primer acts as a bonding agent to improve how firmly paint adheres to the vehicle's body. By adding a few more layers of protection, the paint primer also helps to prevent corrosion and moisture damage to the vehicle. Alkyd resins are used as the base coat on cars to form a rust-preventative barrier between the vehicle's undercarriage and water, ice, and road salt. Hence automotive segment dominates the alkyd resins market in application segmentation.
• For instance, according to the article by Nippon Paint Holdings, states that it is the leading company in the automotive coating field. the company offers all paints for the automotive body, including those for surface treatment, electrodeposition coating, intermediate coating, and finish coating, and paints for plastic components, such as bumpers and interior components, as an integrated solution.
(Source:https://www.nipponpaint-holdings.com/en/).
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Alkyd resins are complex, oil-modified polyester that serves as the film-forming agent in some paints and clear coatings. The market of alkyd resin is growing due to the growing demand for the consumption of paint and coating industry and this is the major driver for the growth of the industry. Asia-Pacific is the dominating region in this market and the North American region is the fastest-growing region.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
(Source:https://www.polynt.com/polynt-group-announces-north-american-coatings-capacity-expansion/)
Disclaimer:
Type | Non-drying alkyd, Drying alkyd, Semi-drying |
Application | Automotive refinishing primers coil coating, Drum, Metal container coating, Electrical insulating enamels, Exterior trim paints, Maintenance paint, Packaging, Others |
Process | Fatty acids process, Glyceride process |
Formulation | High-solid alkyds, Waterborne alkyds, Modified alkyds, Solvent-borne coating, Others |
End Users | Automotive Industry, Architecture Industry, Marine Industry, Food beverages Industry, Appliances, Other |
Conclusion | |
List of Competitors | Nord composites, V Chemicals Pvt Ltd, Cytech solvay group, Dsm, Dowdupont inc, Polynt spa, Mancuso Chemical Limited |
This chapter will help you gain GLOBAL Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review Global Alkyd Resins Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review North America Alkyd Resins Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review Europe Alkyd Resins Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review Asia Pacific Alkyd Resins Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review South America Alkyd Resins Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Alkyd Resins. Further deep in this chapter, you will be able to review Middle East and Africa Alkyd Resins Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Alkyd Resins. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Process Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Formulation Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by End Users Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 15 Market Split by Conclusion Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Alkyd Resins market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Non-drying alkyd have a significant impact on Alkyd Resins market? |
What are the key factors affecting the Non-drying alkyd and Drying alkyd of Alkyd Resins Market? |
What is the CAGR/Growth Rate of Automotive refinishing primers coil coating during the forecast period? |
By type, which segment accounted for largest share of the global Alkyd Resins Market? |
Which region is expected to dominate the global Alkyd Resins Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|