Alkyd Resin Market Size to Hit USD 38.4 Billion by 2030 | Waterborne Formulations Show Fastest Growth Amid Environmental Regulations | DataM Intelligence

Leander, Texas and Tokyo, Japan - Nov 20, 2025
According to DataM Intelligence, the global alkyd resin market reached USD 22.5 billion in 2022 and is expected to reach USD 38.4 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2024-2031. This robust growth is propelled by increasing demand from building and construction industries, rising automotive production, growing infrastructure development projects, stringent environmental regulations driving waterborne formulations, and continuous technological advancements in resin chemistry that enhance performance and sustainability characteristics.

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Recent Developments (November 2025)

✅ BASF SE (Germany) launched a new high-solids alkyd resin with 40% lower VOC content in European markets, specifically targeting architectural coatings manufacturers needing compliance with stringent EU environmental regulations.

✅ Dow Chemical Company (USA) developed a breakthrough waterborne alkyd technology for North American industrial coatings, achieving comparable performance to solvent-borne systems while reducing environmental impact by 60%.

✅ Arkema SA (France) expanded production of modified alkyd resins in Chinese facilities, increasing capacity by 30% to meet growing demand from Asian automotive and construction industries.

✅ Allnex GmbH (Germany) introduced a bio-based alkyd resin derived from sustainable raw materials, receiving environmental certifications for use in European and North American eco-friendly coating formulations.

✅ DSM Coating Resins (Netherlands) launched a fast-drying alkyd resin system for Asian manufacturing markets, reducing curing time by 50% while maintaining excellent film properties and durability.

Market Trends & Drivers

The Alkyd Resin Market is experiencing accelerated growth driven by construction industry expansion, automotive sector recovery, and environmental regulatory pressures. Key trends include the development of high-solids and waterborne formulations, advancement of bio-based and sustainable resin technologies, expansion of modified alkyds for specialized applications, and growing focus on low-VOC and eco-friendly coating solutions. The urbanization trends, infrastructure investments, and technological innovations in resin chemistry are significantly contributing to market expansion.

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Competitive Landscape

The market features intense competition between global chemical companies, specialized resin manufacturers, and coating formulators.

1. BASF SE maintained market leadership with 24% global share, expanding their alkyd resin portfolio and reporting 18% revenue growth in 2024-2025 through strategic partnerships with coating manufacturers.

2. Dow Chemical Company captured 20% market share in innovative formulations, securing long-term contracts with industrial coating companies in North America and Europe for advanced resin systems.

3. Arkema SA dominated the modified alkyd segment with 18% market share, achieving 22% growth in automotive and industrial applications through enhanced performance products.

4. Allnex GmbH led the sustainable alkyd segment with 16% market share, reporting 25% growth in bio-based and low-VOC resin technologies.

5. DSM Coating Resins expanded their specialty alkyd offerings with 14% market share, focusing on high-performance applications with 20% revenue growth.

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Segmentation Analysis

By Resin
• Drying Alkyd Resin dominates the market with USD 16.8 billion in 2024, projected to grow at 7.2% CAGR, valued for excellent film formation, durability, and versatility in architectural, industrial, and protective coatings.
• Non-drying Alkyd Resin shows steady growth with USD 5.7 billion in 2024, expected to grow at 5.8% CAGR, preferred for plasticizers, adhesives, and specific industrial applications requiring flexibility.

By Formulation
• Waterborne formulations show the fastest growth with USD 8.9 billion in 2024, expanding at 8.5% CAGR, driven by environmental regulations, low VOC requirements, and growing sustainability focus across all end-use sectors.
• Solvent Borne Coatings maintains significant share with USD 12.3 billion in 2024, growing at 5.8% CAGR, valued for superior performance in harsh environments and specific industrial applications.
• Powder Coatings demonstrates specialized growth with emerging applications in various industrial sectors.

By End-User
• Building and Construction leads the market with USD 14.2 billion in 2024, growing at 7.5% CAGR, driven by architectural coatings, wood finishes, and protective coatings for infrastructure projects worldwide.
• Automotive shows robust growth with USD 6.8 billion in 2024, expanding at 7.0% CAGR, for vehicle refinishes, OEM coatings, and component protection applications.
• Electricals and Electronics demonstrates steady growth with USD 3.1 billion in 2024, growing at 6.2% CAGR, for insulation coatings, protective finishes, and specialized electronic applications.
• Other industrial applications maintain consistent demand across multiple sectors.

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Key Growth Drivers:

1. Construction Industry Growth: Global increase in building construction, infrastructure development, and renovation activities driving coating demand
2. Environmental Regulations: Stringent VOC regulations worldwide accelerating shift to waterborne and high-solids alkyd formulations
3. Automotive Sector Expansion: Rising vehicle production and refinish markets requiring durable and aesthetic coating solutions
4. Infrastructure Investments: Government and private investments in infrastructure projects increasing protective coating requirements
5. Technological Innovation: Continuous development of modified alkyds with enhanced performance, durability, and application properties
6. Sustainability Focus: Growing demand for bio-based, low-VOC, and environmentally friendly coating technologies

Regional Analysis:

Asia-Pacific dominates the alkyd resin market with USD 16.2 billion in 2024, driven by massive construction activities, growing automotive production, and expanding industrial base in China, India, and Southeast Asia. North America shows steady growth with USD 8.5 billion in 2024, supported by construction recovery and automotive sector strength. Europe demonstrates consistent expansion with USD 7.8 billion in 2024, focusing on sustainable and high-performance coating solutions. Latin America and Middle East & Africa exhibit emerging potential with infrastructure development and industrial growth.

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