Global Alkyd Resin Market 2024-2028
The alkyd resin market is forecasted to grow by USD 9.2 bn during 2023-2028, accelerating at a CAGR of 7.32% during the forecast period. The report on the alkyd resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by superior properties of alkyd resins, increasing demand for paints and coatings, and growing demand for alkyd resins in construction industry.
Technavio's alkyd resin market is segmented as below:
By Application
- Architectural
- Industrial
- Automotive
- Others
By Type
- Fatty acid process
- Glyceride process
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing product utilization in automotive manufacturing as one of the prime reasons driving the alkyd resin market growth during the next few years. Also, increasing demand for waterborne coatings and growing demand for printing inks will lead to sizable demand in the market.
The report on the alkyd resin market covers the following areas:
- Alkyd resin market sizing
- Alkyd resin market forecast
- Alkyd resin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading alkyd resin market vendors that include Allnex GMBH, Arakawa Chemical Industries Co. Ltd., Arkema Group, BASF SE, Bayer AG, Evonik Industries AG, Matapel Chemicals, MEGARA RESINS SA, Mitsui Chemicals Inc, OPC Polymers, Polynt Spa, PPG Industries Inc., Solvay SA, Synpol Products Pvt. Ltd., Synthomer Plc, Synthopol Chemie Dr. rer. pol. Koch GmbH and Co. KG, Wacker Chemie AG, Akzo Nobel NV, Uniform Synthetics Pvt. Ltd., and Worlee Chemie GmbH. Also, the alkyd resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.