Press release
Alkyd Resins Market is estimated to grow at a CAGR of xx% during 2018 to 2023 | Vital Players are Polynt SpA, Nord Composites, D.S.V Chemicals Pvt Ltd., Mancuso Chemicals Limited, Macro Polymers, BASF SE, DSM and Arkema SA
Alkyd Resins Market was going to reach USD xx billion by 2023 and expected to grow at a CAGR of xx% during the forecast period 2018 to 2023.
The protuberant factors that are driving the alkyd resins market growth are growing demand for paints & coatings along with growing consumption of print inks in packaging sectors. Furthermore, increasing demand for automotive refinishes is projected to hit the market extension. According to recent reports, automotive refinishes owns 27% of the global market share. Automotive refinishes gives excellent surface protection, visual appearance, and check to extreme weather, temperature, and stream.
Browse details of 92 number of pages research report developed on "Alkyd Resins Market" @ https://www.researchcosmos.com/reports/global-alkyd-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/2415158
Alkyd Resins Market Growth Drivers and Restraints:
Increasing demand for automotive refinishes is a key factor encouraging the growth of the Global Alkyd Resin Market as these refinishes are often made up of alkyd resins. They provide resistance to extreme weather, water, and heat. Rising sales of cars, growing car modification activities and high expenditure on vehicle refinish are feeding the growth of the market.
However, stringent law laid by different government bodies, owing to high VOC emission in the coatings industry is likely to hamper the market growth. Alkyd resins are solvent borne including 50% of VOC in the paint formulation. The main environmental problem with alkyd resin-based paints is a great usage of cobalt-based driers. Thus, shifting decision towards water-based latex paints are likely to provide an opening to the market players.
Geographical Analysis of Alkyd Resins Market:
On the basis of the region, the global market is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the prominent region in the global market. Europe is the second most likely region, which is accounted for the global market shares of 29% and is projected to register a negative trajectory during the projected period. Building environment concern about VOC emission and high usage of cobalt-based driers has led to a shifting trend towards waterborne alkyd resins. Furthermore, huge automotive production base along with the growing purchasing power of the consumer is calculated to drive the regional market.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-alkyd-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/2415158
Key Players of Alkyd Resins Market:
Some of the major players operating in the global alkyd resin market are Polynt SpA, Nord Composites, D.S.V Chemicals Pvt Ltd., Mancuso Chemicals Limited, Macro Polymers, BASF SE, DSM, Arkema SA, Spolchemie, DowDuPont Inc., and Cytech Solvay Group.
Alkyd Resins Market Key Segmentation:
By Type:
• Short Oil Alkyd Resins
• Medium Oil Alkyd Resins
• Long Oil Alkyd Resins
By Application:
• Industrial, Fast-Dry Enamels
• Industrial Baking Enamels
• Metal Primers
• Traffic Paint
• Drum Coatings
• Aerosol Paints And Coatings
• Clear Wood Finishes
• Industrial Wood Primers
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-alkyd-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/2415158
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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