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.
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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.
Process Types Covered in Alkyd Resin Market
• 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
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