Alkyd Coating Resin Market size is estimated to be USD 4.2 Billion in 2024 and is expected to reach USD 6.8 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global alkyd coating resin market was valued at USD 3.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. This growth is primarily driven by rising demand in construction, automotive, and general industrial applications due to alkyd resins’ excellent weather resistance, durability, and cost efficiency. Oil based alkyd resins continue to dominate the market due to their superior film forming properties and ease of application in architectural and decorative coatings. Waterborne alkyd resins are also gaining traction, driven by tightening VOC regulations globally, especially in Europe and North America, which are pushing manufacturers toward low emission alternatives.
Regionally, Asia Pacific held the largest share of the alkyd coating resin market in 2022, accounting for over 40% of the global revenue, fueled by rapid urbanization, infrastructure development, and industrial growth in China, India, and Southeast Asia. North America and Europe followed, with Europe showing a strong inclination toward environmentally friendly resins due to stringent environmental regulations. Latin America and the Middle East & Africa are emerging as growth hotspots, supported by construction and industrial investments. Opportunities in the market include the development of high solid and water reducible alkyds, especially for eco conscious markets. Additionally, the demand for low cost yet durable coatings in developing economies is expected to create a favorable environment for market expansion throughout the forecast period.
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Arkema
BASF SE
Covestro AG
Allnex
Dow
Jiangsu Sanmu Group
Yoo-Point Group
Eternal Materials Co.
Ltd
Dachang Resin (Huizhou) Co.
Ltd
Jiangying Chemical Industry Co.
Ltd
Hebei Chenyang Industry and Trade Group Co.
Ltd
Xiang Jiang Paint Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Alkyd Coating Resin Market
Architectural Coatings
Industrial Coatings
Automotive Coatings
Marine Coatings
Protective Coatings
Specialty Coatings
Oil-Based Alkyd Resins
Water-Based Alkyd Resins
Modified Alkyd Resins
High Solids Alkyd Resins
Construction
Automotive
Aerospace
Furniture and Woodworking
Consumer Goods
Electronics
Direct Sales
Distributors
Online Sales
Retail Sales
B2B Sales
Short Oil Alkyd Resins
Medium Oil Alkyd Resins
Long Oil Alkyd Resins
Saturated Alkyd Resins
Unsaturated Alkyd Resins
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Alkyd Coating Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Alkyd Coating Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Alkyd Coating Resin Market, By Type
6. Global Alkyd Coating Resin Market, By Application
7. Global Alkyd Coating Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Alkyd Coating Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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