Global Alkyd Resin Market Report and Forecast 2025-2034

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.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Analysis

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

Other global alkyd resin market players include National Industrial Resin Company Limited (NIRO), Polynt SpA, Arakawa Chemical Industries,Ltd., and DIC Corporation, among others.