Global Alkyd Resin Market Size By Type (Non-Drying Alkyd Resins, Drying Alkyd Resins), By Process (Fatty Acid Process, Glyceride Process), By Formulation Type (High-Solids Alkyds, Waterborne Alkyds), By Application (Metal Container Coating, Drum), By Geographic Scope And Forecast

Alkyd Resin Market Size And Forecast

Alkyd Resin Market size was valued at USD 28.17 Billion in 2024 and is projected to reach USD 47.8 Billion by 2031, growing at a CAGR of 7.54% from 2024 to 2031.

Right now, the Alkyd Resin market is really taking off! What's fueling this growth? Well, there's a big push for predictive solutions, more and more companies are using big data analytics, and we're seeing some pretty cool technical advances. These predictive solutions are becoming super popular, especially with industries like BFSI, health care, energy & utilities, and even media. Why all the buzz about predictions? We're drowning in data, everything's going digital, the rules are getting stricter, and frankly, fraud is costing companies a fortune. All of that is boosting the need for better prediction tools. If you want a good overview of what's happening, check out The Global Alkyd Resin Market report. It breaks down the key areas, trends, what's helping and hurting the market, who the big players are, and what's generally making a difference.

Global Alkyd Resin Market Definition

Think of alkyd resin as a fancy type of polyester, tweaked with oil, that's the magic ingredient in many paints and clear coatings – it's what helps them form a solid film. To make it, you mix together some interesting stuffdibasic acid (or its anhydride cousin), polyols, and drying oil. Because it can really stand up to the weather, you'll often find it in protective coatings. But that's not all! You can also blend alkyd resins with other polymers to make coatings even better at doing their job. In fact, alkyds get along with most resins you'd find in paint, like rosin, epoxy, phenolic resin, amino resin, and polyurethanes. Alkyd resin paints were some of the first used in buildings, and these days, they're still a popular choice for all sorts of projects, both inside and out.

Global Alkyd Resin Market Overview

We're seeing more and more demand for alkyd resins, especially in things like architectural coatings and making wood furniture look great, which should really help the market grow. Plus, people needing to repaint their cars is a big deal – you know, with those pricey insurance claims, families finally trading in their old rides, and folks just wanting to spruce up their cars with a fresh coat of paint. All this is expected to really give the market a boost. Alkyd is like this super modern coating, tough and resists fading in the sun, perfect when you put it over the right base coat or primer. And because alkyd coatings are so good at sticking, keeping moisture out, resisting fire, and fighting corrosion, they're used a lot in maritime stuff – think ship hulls and decks, decks in general, and protecting steel, tanks, and even lumber.

Furthermore, increased global marine trade, increased maritime navigation, increased need for security automation systems, and increased maritime tourism have all contributed to the rise of the maritime industry in recent years. As a result of these benefits, demand for alkyl coatings in the maritime sector is expected to fuel market expansion during the forecast period. In 2020, China accounted for the bulk of the Asia-Pacific construction sector followed by India. Due to increased urbanization and population growth, the need for specialty resins in the residential building sector is likely to rise in the near future.

The rising demand for alkyd resins in architectural coatings and wood furniture is projected to propel the market forward. However, the development of improved film-forming agents, as well as the environmental constraints of employing solvent-based coatings, are constraining market growth. Fluctuations in crude oil prices cause variations in the manufacturing costs of alkyd resins, which have a substantial influence on end-user prices; such developments have compelled market suppliers to implement different cost-cutting measures, which will have a negative impact on the market.

The user-friendly coating material, along with rigorous government laws regarding the usage of inorganic chemical compounds, is playing a critical role in the global expansion of the Alkyd Resin Market. With increased environmental consciousness, producers are increasing the solids content of coating materials to limit the emission of solvent vapors. The increasing substitution of solvent-based acrylic resin with alternative water-based resin to reduce solvent vapor emissions and boost fire safety may restrict Global Alkyd Resin Market development.

Global Alkyd Resin MarketSegmentation Analysis

The Global Alkyd Resin Market is segmented on the basis of Type, Process, Formulation Type, Application, And Geography.

Alkyd Resin Market, By Type

• Non-Drying Alkyd Resins
• Drying Alkyd Resins
• Semi-Drying Alkyd Resins

Based on Type, The market is segmented into Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins. In the alkyd coating sector, Non-Drying Alkyd Resins are frequently employed. Plasticizers are additions that increase a material’s flexibility or fluidity. Achieving specified coating qualities such as dry film appearance, adherence to substrate, elasticity, and toughness requires good film formation.

Alkyd Resin Market, By Process

• Fatty Acid Process
• Glyceride Process

Based on Process, The market is segmented into Fatty Acid Process and Glyceride Process. They are used to manage the film-forming process of coatings based on the physical drying of films of higher quality; high-performance alkyds are created in the fatty acid method, where the resultant resin composition may be more accurately controlled. An acid anhydride, a polyol, and an unsaturated fatty acid are combined and boiled together in this procedure until the result achieves a specific viscosity level. Furthermore, the great majority of monobasic acids employed in alkyd resins are long-chain fatty acids found in nature.

Alkyd Resin Market, By Formulation Type

• High-Solids Alkyds
• Waterborne Alkyds
• Modifying Alkyds
• Solvent Borne Coatings
• Powder Coatings
• Others

Based on Formulation Type, The market is segmented into High-Solids Alkyds, Waterborne Alkyds, Modifying Alkyds, Solvent Borne Coatings, Powder Coatings, and Others. High-Solids Alkyds held the greatest share of the Alkyd Resin Market, as expanding industry trends toward sustainability increase the need to embrace technology without losing coating performance. When attempting to minimize VOCs from alkyd coatings, high solids, solvent-free, and water-based techniques are frequently considered. For compliance, High-Solids Alkyds are an alternative. Traditional spray equipment may be used to implement high-solids systems with little adjustments.

Alkyd Resin Market, By Application

• Metal Container Coating
• Drum
• Automotive Refinishing Primers Coil Coatings
• Electrical Insulating Enamels
• Exterior Trim Paints
• Maintenance Paint
• Packaging
• Others

Okay, so when we look at what Alkyd Resin Market covers, it really breaks down based on application. We're talking Metal Container Coating, Drums, Automotive Refinishing Primers, Coil Coatings, Electrical Insulating Enamels, Exterior Trim Paints, Maintenance Paint, Packaging, and a bunch of Others. It turns out that automotive refinish primers are a huge part of this market! Think about itin the car world, alkyd coatings are all over the place - primer, basecoat, you name it. The primer is super important because it acts like a glue, helping the paint really grab onto the car body. Plus, it gives your car extra armor against rust and water damage. And don't forget, alkyd coatings play a big role as a basecoat too, stopping rust from forming between the car's undercarriage and all the nasty stuff on the road like water, ice, and salt.

Alkyd Resin Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Alkyd Resin Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Because of the growth in the building industry in developing countries, Asia-Pacific dominates the Alkyd Resin Market. Furthermore, the region’s Alkyd Resin Market would rise in tandem with the region’s urbanization and population expansion throughout the projection period.

The usage of alkyd resins in a variety of end-use sectors such as automotive, building and construction, marine, and aerospace is expected to drive considerable development in the European Alkyd Resin Market. Furthermore, the rise in environmental concerns about VOC emissions, as well as the increasing use of cobalt-based dryers, which has resulted in the shift to water-based alkyd resins, is expected to drive the expansion of the Alkyd Resin Market in the region for the forecasted period.

Key Players

The “Global Alkyd Resin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Polynt SpA, Nord Composites, Mancuso Chemicals Limited, D.S.V Chemicals Pvt Ltd., Macro Polymers, BASF SE, Spolchemie, DowDuPont Inc., DSM, Arkema SA, Cytech Solvay Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In October 2021, RPM International, a paint supplier, announced the purchase of a massive chemical manufacturing facility in Corsicana, Texas, to enhance resin production and strengthen its supply chain in the face of global shortages. The 178,000 square foot factory purchased by ChampionX Corporation will help RPM International increase alkyd resin production, a critical raw ingredient used in the company’s Rust-Oleum paint. While the purchase will strengthen the company’s supply chain, it is not intended to replace its primary suppliers.
• In July 2021, the Aditya Birla Group has announced the establishment of a cutting-edge paint production facility in Dhanansu village, Ludhiana, India. The project would be funded in excess of Rs 1000 crore and will create roughly 2,000 jobs, including 600 direct positions.

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