Global Alkyd Resins Market Size, Strategies and Forecast Analysis to 2023 | Leading Players are:Dow Chemical Company (U.S.), Momentive Specialty Chemicals (U.S.).

Global Alkyd Resins Market Overview:

Alkyd resin finds an important application in the manufacture of protective coatings, since it can greatly improve the weathering properties of the protective coating. At the same time, alkyd resin is a key raw material used in the manufacture of various synthetic paints. In fact, the alkyd resin has exceptional compatibility with a wide range of coating polymers. The resin is also used in the manufacture of industrial coatings, concrete floors and road paints. A recent market study reveals that the worldwide market for alkyd resins will grow steadily over the next two years. The global market for alkyd resins was valued at USD XX billion in 2018 and is expected to grow at an annual growth rate of XX% to reach USD XX billion by the end of 2023.

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Global Alkyd Resins Market Drivers and Restraints:

Alkyd surface coatings are the most widely used types of coatings in the world, despite the increasing use of other film-forming agents. These coatings can be adapted to meet various end-use requirements through the selection and proportion of reagents or modifiers. Alkyd resins are polyester-based materials generally modified with oil or fatty acids. They are classified as drying, semi-drying and non-drying according to their type of fatty acid added to the spine; and as short oil, medium oil and long oil depending on the content of fatty acid. The low cost of the alkyd resins, the flexibility of the formulation and the familiar utility of the end users drive the market of Alkyd coatings. The development of better film-forming agents and the environmental limitations in the use of solvent-based coatings limit the growth of the market. The increase in investment in the industrial sector and the preference for special coatings are the main opportunities for the sector. However, stringent EPA and REACH regulations due to high volatile organic compound emissions in the coatings industry can hamper the market growth. Alkyd resins are based on solvents and contain 50% VOC in the paint formulation. The main environmental problem with alkyd resin paints is the high use of cobalt based driers. Therefore, it is likely that the growing preference for water-based latex paints will provide an opportunity for market participants.

Global Alkyd Resins Market Geographic Segmentation:
Geographically, the market can be partitioned into regions like North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is the largest Global Alkyd Resins Market followed by Europe. Some of the key players in market are The Dow Chemical Company (U.S.), Momentive Specialty Chemicals (U.S.), Royal DSM NV (The Netherlands), BASF SE (Germany), The Valspar Corporation (U.S.), Arkema S.A. (France), PCCR USA (U.S.), and Nuplex Industries (Australia), among others.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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