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Alkyd Resin Market Set for Steady Expansion to USD 38.4 Billion by 2030, Driven by Asia Pacific's 38% Market Share | DataM Intelligence
Alkyd Resin Market
Market growth is driven by rising demand in paints and coatings, expanding construction and automotive sectors, and increasing preference for cost-effective, durable resins. Advancements in bio-based alkyd formulations, growing focus on sustainable coatings amid environmental regulations, surging infrastructure investments in emerging economies, and innovations in high-performance resins for industrial applications are further accelerating market expansion.
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United States: Key Industry Developments
✅ December 2025: Archer Daniels Midland (ADM) launched a bio-based alkyd resin variant optimized for low-VOC architectural coatings, enhancing durability and compliance with stringent EPA emissions standards amid rising demand for green building materials.
✅ October 2025: Sherwin-Williams expanded its industrial alkyd resin production with a new facility in Ohio, incorporating AI-driven formulation tech to improve corrosion resistance for automotive refinishes.
✅ August 2025: PPG Industries introduced high-solids alkyd resins for marine coatings, reducing drying times by 20% and targeting U.S. Navy contracts for sustainable vessel protection.
Asia Pacific / Japan: Key Industry Developments
✅ November 2025: DIC Corporation unveiled a waterborne alkyd resin line in Japan, featuring recycled oil inputs to align with national carbon neutrality goals and boost eco-friendly paint applications.
✅ September 2025: Nippon Paint rolled out modified alkyd resins for high-performance decorative coatings across Asia Pacific, emphasizing UV stability for tropical climates and urban infrastructure projects.
✅ July 2025: Kansai Paint Japan invested in alkyd resin R&D for automotive OEMs, launching a flexible, chip-resistant formula that supports electric vehicle battery enclosures.
Key Mergers and Acquisitions(2025 - 26):
✅ Allnex strengthened its global alkyd resin leadership through the strategic acquisition of DSM Coating Resins in 2025, enhancing production capabilities and sustainable formulations for high-performance coatings.
✅ BASF expanded its alkyd resin portfolio with the purchase of key assets from Hexion Inc. in late 2025, boosting capacity for eco-friendly paints and industrial applications.
✅ Arkema acquired select resin technologies from Eternal Materials in early 2026, solidifying dominance in bio-based alkyd solutions amid rising demand for green coatings.
Market Segmentation Analysis:
-By Resin: Drying Alkyd Resin Leads with Proven Performance
Drying alkyd resin dominates at 60% market share in 2024, prized for fast-drying properties and durability in high-performance coatings like paints and varnishes.
Non-drying alkyd resin holds 40%, used in flexible applications such as sealants and adhesives where elasticity is key.
-By Formulation: Solvent Borne Coatings Retain Top Position
Solvent borne coatings command 55% share, valued for superior adhesion, gloss, and weather resistance in industrial finishes.
Waterborne coatings capture 25%, growing due to low VOC compliance and eco-friendly appeal.
Powder coatings take 15%, favored for durability and minimal waste in metal applications.
Others account for 5%, including specialty hybrids.
-By End-User: Building and Construction Holds Largest Share
Building and construction leads at 45%, driven by demand for protective architectural paints and coatings.
Automotive follows at 25%, relying on alkyds for durable refinish and OEM paints.
Electricals and electronics claim 20%, using insulating varnishes for components.
Others hold 10%, spanning industrial and marine uses.
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Growth Drivers:
-Rising demand for low-VOC and waterborne alkyd resins due to stringent environmental regulations and sustainability trends.
-Expansion in construction and infrastructure projects globally, boosting need for durable paints and coatings.
-Growth in automotive sector, driven by higher vehicle production and demand for high-performance coatings.
-Technological advancements in resin formulations, including bio-based and hybrid variants for improved properties.
-Rapid industrialization and urbanization in emerging economies, particularly Asia Pacific.
Regional Insights:
-Asia Pacific holds the largest share of the global alkyd resin market at 38% of revenue, driven by rapid urbanization, industrialization, and surging demand in construction and automotive sectors. China leads regional dominance with massive infrastructure projects and automotive production, followed by India, Japan, and South Korea where rising passenger car sales and paint renovations fuel growth.
-North America accounts for around 28% of the global market, supported by stringent air-quality regulations promoting low-VOC and waterborne alkyd formulations. The United States commands the bulk of regional demand through advanced coatings for industrial equipment and packaging, bolstered by a strong manufacturing base.
-Europe represents approximately 23% of the market, underpinned by leadership in bio-based alkyd adoption and robust end-use industries like automotive and marine coatings. Germany, France, and the UK are pivotal, though Eastern Europe relies more on cost-effective solvent-based variants amid slower regulatory shifts.
-Latin America and Middle East & Africa (LAMEA) together hold about 13% of the global share, exhibiting moderate growth from expanding construction in Brazil and Mexico. These regions show potential in marine and industrial applications, though limited by raw material access and slower infrastructure development.
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Key Players:
Polynt SpA | Nord Composites | Mancuso Chemicals Limited | D.S.V Chemicals Pvt Ltd. | Macro Polymers | BASF SE | Spolchemi | DowDuPont Inc. | Arkema SA | DSM
Key Highlights (Top 5 Key Players) for Alkyd Resin Market:
-Polynt SpA expanded resin manufacturing with production of traditional alkyds, oil-modified urethanes, and water-based solutions for paints and coatings.
-Nord Composites supplies alkyd resins tailored for composite applications in industrial sectors including marine and transportation.
-Mancuso Chemicals Limited (Manusca Chemicals) manufactures specialty alkyd resins used in high-performance coatings and protective finishes.
-D.S.V Chemicals Pvt Ltd. produces alkyd resins supporting architectural paints, industrial coatings, and automotive refinishing markets.
-Macro Polymers develops alkyd-based formulations for decorative paints, wood coatings, and eco-friendly resin solutions.
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