Alkyd Resin Market Size, Top Key Players Analysis to 2023- Yuen Liang Industrial & Co. Ltd, BASF SE, Arkema S.A, Synthopol, Regent

Market Overview:

Alkyd Resin have excellent weathering properties and compatibility with many other polymer coatings. These properties have major applications in traffic paints, concrete floor protective coatings, and industrial coatings. The demand for the market is increasing demand for protective coatings, furniture coatings, and for protecting concrete floor due to increasing industrialization, residential renovations and purchasing power of consumers. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period 2017-2023. High adoption rate along with the increasing number of power plants to meet the need for energy of the ever-growing population.

Moreover, continuous expansion of the automotive sector as well as shifting manufacturers focus towards protective paints made from alkyd resins are estimated to fuel the growth of the market during the review period, 2017-2023. However, growing environmental concern regarding the toxic effect of chemicals used in alkyd resin along with the implementation of the strict regulations is predicted to hinder the market growth over the assessment period 2017-2023.

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Major Key Players:

The Major Players operating in the Alkyd Resin Market are:

• BASF SE (Germany),
• Arkema S.A. (France),
• Yuen Liang Industrial & Co., Ltd (Taiwan),
• Synthopol (Germany),
• Polynt Composites USA Inc. (U.S.),
• OPC Polymers (U.S.),
• Nuplex Industries Ltd. (U.S.),
• Emerald Performance Materials (U.S.),
• Regent (U.S.),
• Brenntag Specialties, Inc. (U.S.)

Market Segmentation:

The Global Alkyd Resin Market is categorized on the basis of Type, Applications, and Region:

On The Basis Of Type:
• Short Oil,
• Medium Oil,
• Long Oil
On The Basis Of Applications:
• Printing Ink,
• Architectural Coatings,
• Furniture Coatings,
• Automotive Paints,
• Industrial Coatings
On The Basis Of Region:
• Asia Pacific,
• Europe,
• Latin America,
• North America,
• Middle East & Africa.

Regional Analysis:

Geographically, Alkyd Resin Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Asia Pacific is predicted to grow at the highest CAGR during the review period 2017-2023 on account of growing architectural coating industry. The demand for Alkyd Resin is predicted to surge in numerous countries such as China, India, Thailand, and Indonesia due to increasing construction activities. 51% population of China is living in the urban region, still, a considerable growth in the construction industry is expected. Moreover, huge presence of raw materials in this region is predicted to propel the growth of the market.

North American Alkyd Resin Market is predicted to witness an exponential growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth. As of 2016, the U.S accounted for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow at the moderate CAGR due to growing end-use industries.

In Europe, the demand for Alkyd Resin is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia owing to increasing expenditure on innovation and growing purchasing power of consumers. Moreover, the presence of major automobile manufacturers require protective car paints, specifically, Germany is expected to give a push to the Alkyd Resin Market growth.

Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as the involvement of new technologies and inventions in alkyd resin.

In the Middle East & Africa, the architectural coatings segment is fueling the Alkyd Resin Market growth owing to the proposed new construction projects to make this region as a global travel hub, especially, U.A.E.

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