Alkyd resin market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The rising demand for aesthetic appearance, high-quality performance, along with low-cost product for coating purpose is the major factor appealing the demand for acrylic resin, which in turn is driving the growth of the global alkyd resin market. Alkyd resins belong to the family of thermosetting polyester and are formed by the condensation reaction of oil or fatty acid, acid and polyol. The advanced weathering capabilities of alkyd resin make them suitable to manufacture protective coating. In addition, the wide spectrum of acceptable properties in terms of surface coating usage and easy modification for specialist applications owing to their compatibility with most substances used in surface coating including polymeric materials make them an appropriate choice for painting and coating application. Polyamide alkyds, phenolic alkyds, silicone alkyds, urethane alkyds, and vinylated alkyds are the majorly available modification of the alkyd resin. The rising use of modified alkyd resin in different industrial applications is anticipated to drive the growth of the global alkyd resin market.
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Rising consumer preference for environment-friendly coating material along with stringent government regulations related to the use of inorganic chemical compounds play a critical role in the growth of the alkyd resin market across the globe. With the rising awareness related to the environment, protection is prompting manufacturers to increase the solid content in the coating material to reduce solvent vapor emission. The growing replacement of solvent-based acrylic resin with another waterborne resin to eliminate the solvent vapor emission for safety against fire hazards may restrain the growth of the alkyd resin market across the globe.
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Market Segmentation
Global Alkyd Resin Market by Class
• Long Alkyd Resin
• Medium Alkyd Resin
• Short Alkyd Resin
Global Alkyd Resin Market by End-User Industry
• Building & Construction
• Furniture
• Automotive
• Others
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Allnex Netherlands B.V.
• Arkema S.A.
• BASF SE
• Brenntag Specialties, Inc.
• DSV Chemicals Pvt Ltd.
• Emerald Performance Materials, LLC
• Eternal Materials Co. Ltd.
• Evonik Industries, Ltd.
• Hempel A/S
• Koninklijke DSM N.V.
• Macro Polymers Pvt. Ltd.
• Mancuso Chemicals Ltd.
• Nord Composites SA
• OPC Polymers
• Polynt SpA
• Solvay S.A.
• Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG
• The Dow Chemical Co.
• The Cary Company
• Wacker Chemie AG
• Yuen Liang Industrial & Co., Ltd.
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