Modified Alkyd Resin Market | Strong demand from Architectural and Automotive Sector in Emerging Economies

Based on geography, the Global Modified Alkyd Resin Market is classified into five regions– North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific held the largest market share accounting for approximately 34% of the total market share in 2016. The Asia Pacific Modified Alkyd Resin Market is categorized into China, Japan, India, South Korea, Vietnam, Malaysia, and others. China, Thailand, and India are among the major hubs of automotive production, which require the use of Modified Alkyd Resin in the manufacture of paints & coatings. Furthermore, robust growth in the ship building industry and offshore engineering are likely to boost the consumption of marine paints and fuel the growth of the market.

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Moreover, the rising maintenance of vessels and containers from wear and tear, as well as growing new ship manufacturing business are predicted to be some other factors driving the growth of the market over the forecast period, 2017 to 2023. The growth of Alkyd RESIN market in China and India is driven by foreign investments, cost effective labor, and the availability of inexpensive raw material. The Middle East & African countries such as Israel, Turkey, Qatar, the United Arab Emirates (UAE), and Saudi Arabia are estimated to witness steady market growth on account of increasing consumption of Modified Alkyd Resin in domestic appliances and in furniture coating for corporate offices. Moreover, the rising construction activities such as airport, railroad network, residential building is expected to fuel the demand for protective paints and coating, which in turn, is further propel the growth of the market.

Asia Pacific holds the market share followed by North America which is trailed by Europe in 2016. European countries such as France, Italy, Russia, UK, and Germany have dominated the regional market share on account of increasing demand for heavy commercial vehicles, such as trucks as well as passenger cars. North America is estimated to witness a moderate growth during the forecast period. U.S is anticipated to grow with the highest CAGR followed by Canada due to expansion of woodworking and packaging sector.
Moreover, increasing trend for new home construction and commercial building is anticipated to propel the growth of the market during the forecast period. Latin American countries such as Brazil and Argentina is estimated to witness positive growth on account of tremendous growth of automotive sector which in turn is expected to fuel the demand for Modified Alkyd Resin in the upcoming years.

Segmentation:
The Global Modified Alkyd Resin Market is classified on the basis of type, application, and region. Based on type, the market is segmented into acrylic, silicone, polyurethane, vinyl, and others. Based on application, modified alkyd resin is segmented into automotive & transportation, wood, architectural, general industry, and others. Based on region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Key Points from Table of Contents:

1 Executive Summary

2 Scope of the Report

3 Market Research Methodology

4 Market Landscape

5 Industry Overview of Global Modified Alkyd Resin Market

6 Market Trends

7. Global Modified Alkyd Resin Market by Type

8. Global Modified Alkyd Resin Market by Application

9. Global Modified Alkyd Resin Market by Region

10. Company Landscape

11. Company Profiles

11.1 BASF SE
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments

11.2 The Dow Chemical Company
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments

11.3 Polynt
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments

11.4 Wacker Chemie AG
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments

11.5 PPG INDUSTRIES, INC
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments

12. Conclusion

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