The alkyd resin market is expected to witness market growth at a rate of 2.5% in the forecast period of 2021 to 2028 and is expected to reach USD 3289.68 million by 2028. Data Bridge Market Research report on alkyd resin market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the construction sector is escalating the growth of alkyd resin market.
Alkyds are known to be formed by polycondensation of fatty acid and dibasic acid. They can be referred to as oil modified polyester resins. Phthalic anhydride is the generally utilized as dibasic acid in alkyd synthesis. Alkyd resins are the group of synthetic resins. They are also utilized in a broad range of applications because of their versatility and low cost.
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Major factors that are expected to boost the growth of the alkyd resin market in the forecast period are the rise in the standard of living. Furthermore, the increase in the disposable income of consumers is further anticipated to propel the growth of the alkyd resin market. Also, the development in the urbanization is further estimated to cushion the growth of the alkyd resin market. On the other hand, the increase in the price of the crude oil is further projected to impede the growth of the alkyd resin market in the timeline period.
In addition, the rise in need for automotive repaints which will further provide potential opportunities for the growth of the alkyd resin market in the coming years. However, the user-friendly coating material and the strict regulations might further challenge the growth of the alkyd resin market in the near future.
Competitive Landscape and Alkyd Resin Market Share Analysis
The alkyd resin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to alkyd resin market.
The major players covered in the alkyd resin market report are Polynt, Akzo Nobel N.V., Arakawa Chemical Industries, Ltd., Arkema, BASF SE, Eternal Materials Co., Ltd., Evonik Industries AG, Solvay, Synthomer plc, Mitsui Chemicals, Inc., DSM, MACRO POLYMERS PVT.LTD, Dow, Covestro AG, Huntsman International LLC, The Sherwin-Williams Company, Wanhua Chemical Group Co., Ltd., DIC CORPORATION, Wacker Chemie AG, and The Nippon Synthetic Chem Industry Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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This alkyd resin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on alkyd resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Alkyd Resin Market Scope and Market Size
The alkyd resin market is segmented on the basis of resin type, process type, formulation type, application and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the alkyd resin market is segmented into non-drying alkyd resins, drying alkyd resins and semi-drying alkyd resins.
- On the basis of process type, the alkyd resin market is segmented into fatty acid process and glyceride process.
- On the basis of formulation type, the alkyd resin market is segmented into high-solids alkyds, waterborne alkyds, modifying alkyds, solvent borne coatings, powder coatings, and others.
- On the basis of application, the alkyd resin market is segmented into automotive refinishing primers, coil coatings, drum and metal container coating, electrical insulating enamels, exterior trim paints, maintenance paint, packaging, and others.
- On the basis of end Use Industry, the alkyd resin market is segmented into automotive industry, architecture industry, marine industry, food and beverage industry, appliances and others.
Alkyd Resin Market Country Level Analysis
The alkyd resin market is analysed and market size, volume information is provided by country, resin type, process type, formulation type, application and end use industry as referenced above.
The countries covered in the alkyd resin market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the alkyd resin market due to the rise in the construction sector in advancing nations. Furthermore, the development in the urbanization and the increase in the population will further boost the growth of the alkyd resin market in the region during the forecast period. Europe is projected to observe significant amount of growth in the alkyd resin market due to the utilization of the resins in several end-use industries such automotive, building and construction, marine, and aerospace. Moreover, the rise in the environmental concerns regarding the VOC emissions and the growing utilization of cobalt-based dryers which have led to the change towards the water based alkyd resins is further anticipated to propel the growth of the alkyd resin market in the region in the coming years.
Our report offers:
– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.
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