The global alkyd resin market is expected to reach USD 5,341.71 million by 2030 from USD 3,914.60 million in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.
Market Segmentation:
Global Alkyd Resin Market, By Resin Type (Non-Drying Alkyd Resin, Drying Alkyd Resin, and Semi-Drying Alkyd Resin), By Process Type (Fatty Acid Process and Glyceride Process), Class (Long Alkyd Resin, Medium Alkyd Resin, and Short Alkyd Resin), Formulation Type (Modifying Alkyds, Waterborne Alkyds, Solvent Borne Coatings, High-Solids Alkyds, Powder Coatings, and Others), Application (Building & Construction, Automotive OEM Coatings, Electrical Equipment, Furniture & Decor, Metal Coatings, Automotive Refinish Coatings, Coil Coatings, and Packaging), End Use Industry (Construction & Architecture Industry, Automotive Industry, Electronics Industry, Aerospace Industry, Marine Industry, and Others), Region (North America, Europe, Asia-Pacific, South America and Middle East and Africa ) - Industry Trends and Forecast to 2030.
Overview of Global Alkyd Resin Market Dynamics:
- Driver
- Growing disposable income and lifestyle of consumers
- Restrain
- Growing awareness of towards harmful impact of alkyd resins
- Opportunity
- Growing demand for sustainable coating in the market
Market Players:
Some of the key 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 Pvt.Ltd
- Eternal Materials Co.,Ltd.
- US Polymers-Accurez, LLC
- Spolek pro chemickou a hutni vyrobu, akciova spolecnost
- Mancuso Chemicals Limited
TABLE OF CONTENTS
1 INTRODUCTION 40
- 1.1 OBJECTIVES OF THE STUDY 40
- 1.2 MARKET DEFINITION 40
- 1.3 OVERVIEW OF THE GLOBAL ALKYD RESIN MARKET 40
- 1.4 CURRENCY AND PRICING 42
- 1.5 LIMITATIONS 42
- 1.6 MARKETS COVERED 42
2 MARKET SEGMENTATION 45
- 2.1 MARKETS COVERED 45
- 2.2 GEOGRAPHICAL SCOPE 46
- 2.3 YEARS CONSIDERED FOR THE STUDY 47
- 2.4 CURRENCY AND PRICING 47
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 48
- 2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 51
- 2.7 DBMR MARKET POSITION GRID 52
- 2.8 MULTIVARIATE MODELLING 53
- 2.9 CATEGORY LIFELINE CURVE 54
- 2.10 MARKET APPLICATION COVERAGE GRID 55
- 2.11 VENDOR SHARE ANALYSIS 56
- 2.12 SECONDARY SOURCES 57
- 2.13 ASSUMPTIONS 57
3 EXECUTIVE SUMMARY 58
4 PREMIUM INSIGHTS 62
- 4.1 PESTLE ANALYSIS 64
- 4.1.1 POLITICAL FACTORS 64
- 4.1.2 ECONOMIC FACTORS 65
- 4.1.3 SOCIAL FACTORS 65
- 4.1.4 TECHNOLOGICAL FACTORS 65
- 4.1.5 LEGAL FACTORS 65
- 4.1.6 ENVIRONMENTAL FACTORS 66
- 4.2 PORTER'S FIVE FORCES: 67
- 4.2.1 THREAT OF NEW ENTRANTS 67
- 4.2.2 THREAT OF SUBSTITUTES 68
- 4.2.3 CUSTOMER BARGAINING POWER 69
- 4.2.4 SUPPLIER BARGAINING POWER 69
- 4.2.5 INTERNAL COMPETITION (RIVALRY) 70
- 4.3 CLIMATE CHANGE SCENARIO 71
- 4.3.1 ENVIRONMENTAL CONCERNS 71
- 4.3.2 INDUSTRY RESPONSE 71
- 4.3.3 GOVERNMENT'S ROLE 71
- 4.3.4 ANALYST RECOMMENDATION 71
- 4.4 IMPORT-EXPORT ANALYSIS 72
- 4.5 SUPPLY CHAIN ANALYSIS 74
- 4.5.1 OVERVIEW 74
- 4.5.2 LOGISTIC COST SCENARIO 74
- 4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 75
- 4.6 TECHNOLOGICAL INNOVATION 76
- 4.7 VENDOR SELECTION CRITERIA 77
- 4.8 PRICE ANALYSIS 79
- 4.9 PRODUCTION CAPACITY OUTLOOK 80
- 4.10 PRODUCTION CONSUMPTION ANALYSIS 81
- 4.11 RAW MATERIAL COVERAGE 82
5 REGULATION COVERAGE 83
6 MARKET OVERVIEW 85
- 6.1 DRIVERS 87
- 6.1.1 RISING DEMAND IN THE PAINT AND COATING INDUSTRY 87
- 6.1.2 GROWING DISPOSABLE INCOME AND LIFESTYLE OF CONSUMERS 87
- 6.1.3 HIGH-QUALITY PROPERTIES AND COMPATIBILITY OF THE ALKYD RESIN WITH A WIDE RANGE OF POLYMERS 88
- 6.1.4 GROWING URBANIZATION IN THE DEVELOPING COUNTRIES 89
- 6.2 RESTRAINTS 89
- 6.2.1 GROWING AWARENESS OF THE HARMFUL IMPACT OF ALKYD RESINS 89
- 6.2.2 AVAILABILITY OF SUBSTITUTES 90
- 6.3 OPPORTUNITIES 91
- 6.3.1 GROWING DEMAND FOR SUSTAINABLE COATING IN THE MARKET 91
- 6.3.2 THE CONTINUOUS PRODUCT LAUNCHES BY COMPANIES BOOST THE MARKET GROWTH 91
- 6.4 CHALLENGE 92
- 6.4.1 THE FLUCTUATING PRICE OF RAW MATERIALS LEADS TO CHANGES IN THE MANUFACTURING COST OF ALKYD RESINS 92
7 GLOBAL ALKYD RESIN MARKET, BY REGION 93
- 7.1 OVERVIEW 94
- 7.2 ASIA-PACIFIC 102
- 7.2.1 CHINA 111
- 7.2.2 INDIA 115
- 7.2.3 JAPAN 119
- 7.2.4 SOUTH KOREA 123
- 7.2.5 AUSTRALIA 127
- 7.2.6 INDONESIA 131
- 7.2.7 SINGAPORE 135
- 7.2.8 MALAYSIA 139
- 7.2.9 PHILIPPINES 143
- 7.2.10 NEW ZEALAND 147
- 7.2.11 THAILAND 151
- 7.2.12 HONG KONG 155
- 7.2.13 TAIWAN 159
- 7.2.14 REST OF ASIA-PACIFIC 163
- 7.3 EUROPE 164
- 7.3.1 GERMANY 173
- 7.3.2 U.K. 176
- 7.3.3 FRANCE 179
- 7.3.4 ITALY 182
- 7.3.5 SPAIN 185
- 7.3.6 RUSSIA 188
- 7.3.7 TURKEY 191
- 7.3.8 BELGIUM 194
- 7.3.9 NETHERLANDS 197
- 7.3.10 SWEDEN 200
- 7.3.11 SWITZERLAND 203
- 7.3.12 NORWAY 206
- 7.3.13 DENMARK 209
- 7.3.14 FINLAND 212
- 7.3.15 REST OF EUROPE 215
- 7.4 MIDDLE EAST AND AFRICA 216
- 7.4.1 SAUDI ARABIA 224
- 7.4.2 UNITED ARAB EMIRATES 227
- 7.4.3 EGYPT 231
- 7.4.4 SOUTH AFRICA 234
- 7.4.5 ISRAEL 237
- 7.4.6 KUWAIT 240
- 7.4.7 OMAN 243
- 7.4.8 QATAR 246
- 7.4.9 BAHRAIN 249
- 7.4.10 REST OF MIDDLE EAST AND AFRICA 253
- 7.5 NORTH AMERICA 254
- 7.5.1 U.S. 262
- 7.5.2 CANADA 265
- 7.5.3 MEXICO 268
- 7.6 SOUTH AMERICA 271
- 7.6.1 BRAZIL 279
- 7.6.2 ARGENTINA 282
- 7.6.3 REST OF SOUTH AMERICA 285
8 GLOBAL ALKYD RESIN MARKET, COMPANY LANDSCAPE 286
- 8.1 COMPANY SHARE ANALYSIS: GLOBAL 286
- 8.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 287
- 8.3 COMPANY SHARE ANALYSIS: EUROPE 288
- 8.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 289
- 8.5 ACQUISITION 290
- 8.6 NEW LAUNCHES 290
- 8.7 RECOGNITION 290
- 8.8 NEW PLANT 291
9 COMPANY PROFILES 292
- 9.1 ARKEMA 292
- 9.1.1 COMPANY SNAPSHOT 292
- 9.1.2 REVENUE ANALYSIS 292
- 9.1.3 COMPANY SHARE ANALYSIS 293
- 9.1.4 PRODUCT PORTFOLIO 293
- 9.1.5 SWOT 294
- 9.1.6 RECENT DEVELOPMENTS 295
- 9.2 BASF SE (2022) 296
- 9.2.1 COMPANY SNAPSHOT 296
- 9.2.2 REVENUE ANALYSIS 296
- 9.2.3 COMPANY SHARE ANALYSIS 297
- 9.2.4 PRODUCT PORTFOLIO 297
- 9.2.5 SWOT 298
- 9.2.6 RECENT DEVELOPMENTS 298
- 9.3 ALLNEX GMBH 299
- 9.3.1 COMPANY SNAPSHOT 299
- 9.3.2 COMPANY SHARE ANALYSIS 299
- 9.3.3 PRODUCT PORTFOLIO 300
- 9.3.4 SWOT 300
- 9.3.5 RECENT DEVELOPMENTS 300
- 9.4 ETERNAL MATERIALS CO.,LTD. (2022) 301
- 9.4.1 COMPANY SNAPSHOT 301
- 9.4.2 REVENUE ANALYSIS 301
- 9.4.3 COMPANY SHARE ANALYSIS 302
- 9.4.4 PRODUCT PORTFOLIO 302
- 9.4.5 SWOT 303
- 9.4.6 RECENT DEVELOPMENT 303
- 9.5 OPC POLYMERS 304
- 9.5.1 COMPANY SNAPSHOT 304
- 9.5.2 COMPANY SHARE ANALYSIS 304
- 9.5.3 PRODUCT PORTFOLIO 305
- 9.5.4 SWOT ANALYSIS 306
- 9.5.5 RECENT DEVELOPMENTS 306
- 9.6 ARAKAWA CHEMICAL INDUSTRIES,LTD. (2022) 307
- 9.6.1 COMPANY SNAPSHOT 307
- 9.6.2 REVENUE ANALYSIS 307
- 9.6.3 PRODUCT PORTFOLIO 308
- 9.6.4 SWOT 309
- 9.6.5 RECENT DEVELOPMENTS 309
- 9.7 COVESTRO AG 310
- 9.7.1 COMPANY SNAPSHOT 310
- 9.7.2 REVENUE ANALYSIS 310
- 9.7.3 COMPANY SHARE ANALYSIS 311
- 9.7.4 PRODUCT PORTFOLIO 311
- 9.7.5 SWOT ANALYSIS 312
- 9.7.6 RECENT DEVELOPMENT 312
- 9.8 D.S.V CHEMCIALS PVT LTD 313
- 9.8.1 COMPANY SNAPSHOT 313
- 9.8.2 PRODUCT PORTFOLIO 313
- 9.8.3 SWOT 314
- 9.8.4 RECENT DEVELOPMENTS 314
- 9.9 GIRDHARI CHEMICALS & RESINS PVT.LTD. 315
- 9.9.1 COMPANY SNAPSHOT 315
- 9.9.2 PRODUCT PORTFOLIO 315
- 9.9.3 SWOT 316
- 9.9.4 RECENT DEVELOPMENTS 316
- 9.10 HEMPEL A/S 317
- 9.10.1 COMPANY SNAPSHOT 317
- 9.10.2 PRODUCT PORTFOLIO 317
- 9.10.3 SWOT ANALYSIS 318
- 9.10.4 RECENT DEVELOPMENT 318
- 9.11 KRISHNA RESINS & PIGMENTS PVT. LTD. 319
- 9.11.1 COMPANY SNAPSHOT 319
- 9.11.2 PRODUCT PORTFOLIO 319
- 9.11.3 SWOT 320
- 9.11.4 RECENT DEVELOPMENTS 320
- 9.12 MACRO POLYMERS 321
- 9.12.1 COMPANY SNAPSHOT 321
- 9.12.2 PRODUCT PORTFOLIO 321
- 9.12.3 SWOT 322
- 9.12.4 RECENT DEVELOPMENTS 322
- 9.13 MANCUSO CHEMICALS LIMITED 323
- 9.13.1 COMPANY SNAPSHOT 323
- 9.13.2 PRODUCT PORTFOLIO 323
- 9.13.3 SWOT 324
- 9.13.4 RECENT DEVELOPMENT 324
- 9.14 NEO-PACK PLAST 325
- 9.14.1 COMPANY SNAPSHOT 325
- 9.14.2 PRODUCT PORTFOLIO 325
- 9.14.3 SWOT ANALYSIS 326
- 9.14.4 RECENT DEVELOPMENTS 326
- 9.15 NORD COMPOSITES ITALIA SRL 327
- 9.15.1 COMPANY SNAPSHOT 327
- 9.15.2 PRODUCT PORTFOLIO 327
- 9.15.3 SWOT 328
- 9.15.4 RECENT DEVELOPMENTS 328
- 9.16 POLYNT SPA 329
- 9.16.1 COMPANY SNAPSHOT 329
- 9.16.2 PRODUCT PORTFOLIO 329
- 9.16.3 SWOT ANALYSIS 331
- 9.16.4 RECENT DEVELOPMENT 331
- 9.17 RATNAKA RESINS PVT.LTD. 332
- 9.17.1 COMPANY SNAPSHOT 332
- 9.17.2 PRODUCT PORTFOLIO 332
- 9.17.3 SWOT ANALYSIS 333
- 9.17.4 RECENT DEVELOPMENTS 333
- 9.18 SPOLEK PRO CHEMICKOU A HUTNI VYROBU, AKCIOVA SPOLECNOST 334
- 9.18.1 COMPANY SNAPSHOT 334
- 9.18.2 PRODUCT PORTFOLIO 334
- 9.18.3 SWOT 335
- 9.18.4 RECENT DEVELOPMENTT 335
- 9.19 SYNTHOPOL 336
- 9.19.1 COMPANY SNAPSHOT 336
- 9.19.2 PRODUCT PORTFOLIO 336
- 9.19.3 SWOT ANALYSIS 337
- 9.19.4 RECENT DEVELOPMENT 337
- 9.20 UNIFORM SYNTHETICS 338
- 9.20.1 COMPANY SNAPSHOT 338
- 9.20.2 PRODUCT PORTFOLIO 338
- 9.20.3 SWOT ANALYSIS 339
- 9.20.4 RECENT DEVELOPMENTS 339
- 9.21 US POLYMERS-ACCUREZ, LLC 340
- 9.21.1 COMPANY SNAPSHOT 340
- 9.21.2 PRODUCT PORTFOLIO 340
- 9.21.3 SWOT 341
- 9.21.4 RECENT DEVELOPMENT 341
10 QUESTIONNAIRE 342
11 RELATED REPORTS 345