Eco-Friendly Alkyd Resin Market Analysis Growth Factors and Competitive Strategies by Forecast 2030

The Global Eco-Friendly Alkyd Resin Market is expected to grow at a considerable rate in 2030, with a growing CAGR of 3% over 2022-2030.

One of the primary factors projected to fuel the expansion of the alkyd resin market during the forecast period is the improvement in the standard of living.

Alkyd resin, a complex polyester that has undergone oil modification, functions as a film-forming component in transparent coatings and paints. Alkyd resins are created by mixing polyols, drying oil, and dibasic acid or its anhydrides. They are frequently used in the creation of protective coatings due to their exceptional weather resistance. Alkyd resins can also be blended with different coating polymers to expand their range of applications. Alkyds are compatible with the majority of resins used in the paint industry, including rosin, epoxy, phenolic resin, amino resin, and polyurethanes. One of the first coatings used on structures was alkyd resin paint. Currently, they are the preferred option for processing a range of materials for both interior and exterior applications.

Increasing need for predictive solutions, greater use of big data analytics, and various technological advancements are currently driving the market for alkyd resin. With rising demand from end-user industries including BFSI, health care, energy & utilities, and media, predictive solutions are becoming more and more popular. Some of the key factors influencing the demand for predictive solutions are the exponential expansion in data volume, more digitization, stricter regulations, and financial losses brought on by the rise in fraudulent activities. The market is comprehensively evaluated in the study on the global alkyd resin market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

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Global Eco-Friendly Alkyd Resin Market- Key trends

Building and construction activity growth will propel the market for alkyd resins

One of the industries in Asia Pacific that is increasing quickly is building and construction. The region's construction industry is primarily driven by an improvement in living standards, an increase in consumer disposable income, and an expansion in urbanisation. To satisfy the quality criteria of the building and construction industry, speciality resins must be used in adhesives, sealants, and coatings (architectural, ornamental, and protective).

Rising consumer preference for environment-friendly coating material along with stringent government regulations will drive the market growth

Global demand for alkyd resin is growing significantly due to rising consumer preference for environmentally friendly coating materials and strict regulatory regulations regarding the usage of inorganic chemical compounds. Manufacturers are increasing the solid content in the coating material to prevent solvent vapour emission as environmental protection is becoming a more important concern. Alkyd resin market growth may be constrained by the increasing substitution of solvent-based acrylic resin with another aqueous resin in order to reduce solvent vapour emission for safety against fire dangers.

Global Eco-Friendly Alkyd Resin Market- Segmental assessment

By form
• Sheets and films
• Rods and tubes
• Fibres
• Tapes
• Others

By end-use industry
• Automotive
• Aerospace and defence
• Medical
• Chemical
• Electronics
• Others

Global Eco-Friendly Alkyd Resin Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Polynt, Akzo Nobel NV, Arakawa Chemical Industries Ltd., Arkema Group, BASF SE, Eternal Materials Co. Ltd., and Evonik Industries AG.

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