Global Solvent Based Acrylic and Alkyd Resins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Solvent Based Acrylic and Alkyd Resins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Solvent Based Acrylic and Alkyd Resins market finds that the global Solvent Based Acrylic and Alkyd Resins market reached a value of USD 8107.16 million in 2022. It’s expected that the market will achieve USD 9810.16 million by 2028, exhibiting a CAGR of 3.23% during the forecast period.

Market Drivers

, Trends and Issues
With increasing regulatory focus and consumers demanding products that are more sustainable and eco-friendly, the coatings industry needs to evolve and, as such, there is a search for technologies that meet these requirements without compromising cost or performance.

Containing more than 50% of natural oils and carboxylic acids from renewable plant sources, alkyd resins are a logical choice for sustainable coatings compared to other petrochemical-based resin systems. Following a period of decline, the alkyd coatings market has stabilized in recent years and is currently enjoying a period of modest growth. As a thoroughly tested technology, alkyds offer a number of performance benefits that make them an attractive option for coatings formulators, particularly for wood applications. This is because the drying time is long enough to let the penetration into the wood substrate take place. Low-VOC solventborne systems are widely available as are water-based systems whose performance is constantly improving, with the added benefit of superior environmental credentials.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Arkema is one of the major players operating in the Solvent Based Acrylic and Alkyd Resins market, holding a share of 13.65% in 2019.

Arkema S.A. manufactures and sells specialty chemicals and advanced materials worldwide. It operates through three segments: High Performance Materials, Industrial Specialties, and Coating Solutions. Its products include acrylics, coating resins, electroactive polymers, fluorochemicals, fluoropolymers, functional polyolefins, hydrazine hydrate, hydrogen peroxide, molecular sieves, organic peroxide, oxygenated solvents, poly-ether-ketone-ketone polyetherketoneketone, plastic additives, polymethyl methacrylate resins and sheets, rheology additives, solutions for glass coating, specialty adhesives, specialty polyamides, surfactants and additives.

Dic Corporation,Co.,Ltd. engages in the development and manufacture of bee protection suits, UV prevention garments, insect repellent nets, and mosquito nets for gardening, outdoor, leisure, working, and indoor requirements. The company is based in Kashiwazaki-Shi, Japan.

Segmentation Overview:

Among different product types, Solvent Based Acrylic segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Fast-Dry Enamels segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Solvent Based Acrylic and Alkyd Resins market covered in Chapter 3:

Mitsubishi Chemical
Arkema
Ashland
Evonik
Henkel
Arakawa Chemical Industry Co., Ltd
BASF
DIC Corporation
Asahi Kasei
Lubrizol
Celanese
Sumitomo Chemical
Synthomer
DOW Chemical Company
3M Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Solvent Based Acrylic and Alkyd Resins market from 2018 to 2029 is primarily split into:

Solvent Based Acrylic
Alkyd Resins

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solvent Based Acrylic and Alkyd Resins market from 2018 to 2029 covers:

Industrial Fast-Dry Enamels
Industrial Baking Enamels
Metal Primers
Traffic Paint
Drum Coatings
Aerosol Paints and Coatings
Clear Wood Finishes
Industrial Wood Primers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)