Europe Alkyd Resin Market - Industry Trends and Forecast to 2030
Europe 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:Europe 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 & Décor, 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), Country (Germany, U.K., France, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Sweden, Switzerland, Norway, Denmark, Finland, and rest of Europe) - Industry Trends and Forecast to 2030
Overview of Europe 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 Europe alkyd resin market are:• Covestro AG
• Arkema
• BASF SE
• Allnex GMBH
• Hempel A/S
• POLYNT SPA
• Arakawa Chemical Industries, Ltd.
• Nord Composites Italia SRL
• Eternal Materials Co., Ltd.
• US Polymers-Accurez, LLC
• Spolek pro chemickou a hutní výrobu, akciová společnost
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