Alkyd Resin Market Size to Surpass USD 5,341.71 million with a Growing CAGR of 4.1% by 2030, Share, Trends, Growth Strategies and Competitive Analysis

The global alkyd resin market is being driven by growing consumption in the paint and coating industry is an important driver for the global alkyd resin market. Moreover, High-quality properties and compatibility of alkyd resin with a wide range of polymers is expected to boost the market growth. However, fluctuating prices of raw materials lead to change in the manufacturing cost of alkyd resins is expected to pose a challenge to market growth which may restrain the market growth.

Data Bridge Market Research analyses that the global alkyd resin market is expected to reach the value of USD 5,341.71 million by 2030, at a CAGR of 4.1% during the forecast period.

Alkyd resin is a synthetic resin made by a condensation reaction between a polyhydric alcohol and dibasic acid. Alkyd resins are thermoplastic polyester resins which are polyhydric alcohols heated with polybasic acids or their anhydrides to create alkyd resins. Due to their adaptability and affordability, they are utilized to create weather-resistant protective coatings and are crucial components in many synthetic paints.

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Some of the major players operating in the global alkyd resin market are OPC polymers, Covestro AG, Uniform Synthetics, Synthopol, Arkema, BASF SE, Allnex GMBH, D.S.V Chemcials Pvt Ltd, Ratnaka Resins Pvt. Ltd., Hempel A/S, Neo-Pack Plast, POLYNT SPA, Krishna Resins & Pigments Pvt. Ltd., Arakawa Chemical Industries, Ltd., MACRO POLYMERS, Nord Composites Italia SRL, Girdhari Chemicals & Resins, Eternal Materials Co., Ltd., US Polymers-Accurez, LLC, Spolek pro chemickou a hutní výrobu, akciová společnost, and Mancuso Chemicals Limited among others.

Global Alkyd Resin Market Regional Analysis/Insights

The global alkyd resin market is categorized into six notable segment, by resin type, process type, class, formulation type, application, and end use industry.

The countries covered in the global alkyd resin market report are North America (U.S., Canada, and Mexico). Europe (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Norway, Denmark, Finland, Switzerland, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, Australia, Singapore, Thailand, Taiwan, Hong kong, New Zealand, Malaysia, Indonesia, Philippines, and Rest of Asia Pacific), Middle East and Africa (South Africa, Oman, Kuwait, Qatar, Bahrain, United Arab Emirates, Egypt, Saudi Arabia, Israel, and Rest of Middle East and Africa), South America (Brazil, Argentina, Rest of South America).

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