| Product Code: ETC13232459 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Alkyd Resin Market was valued at USD 3.7 Billion in 2024 and is expected to reach USD 5.9 Billion by 2031, growing at a compound annual growth rate of 7.70% during the forecast period (2025-2031).
The global alkyd resin market is expected to witness steady growth due to increasing demand from various end-use industries such as automotive, construction, and furniture. Alkyd resins are widely used in the production of paints, coatings, and adhesives due to their excellent durability, high gloss retention, and weather resistance properties. The market is driven by the growing construction activities, increasing automotive production, and rising disposable income levels across emerging economies. Additionally, the shift towards environmentally-friendly and low-VOC alkyd resins is expected to further drive market growth. Key market players are focusing on product innovation, strategic partnerships, and expansion of their production capacities to gain a competitive edge in the global alkyd resin market.
The Global Alkyd Resin Market is experiencing significant growth due to the increasing demand from various end-use industries such as paints and coatings, automotive, and construction. The market is witnessing a trend towards the development of bio-based alkyd resins in response to growing environmental concerns and regulations. Additionally, the rising use of alkyd resins in the production of high-performance coatings with superior properties such as durability, gloss retention, and weather resistance is driving market growth. Opportunities in the market lie in expanding applications in the automotive sector, particularly in the production of automotive refinish coatings, as well as the growing demand for alkyd resins in emerging economies. Companies are focusing on innovation and product development to capitalize on these trends and opportunities in the Global Alkyd Resin Market.
The Global Alkyd Resin Market faces several challenges, including increasing environmental regulations and the shift towards eco-friendly alternatives. Alkyd resins are known to contain volatile organic compounds (VOCs) which contribute to air pollution and pose health risks. As regulatory bodies around the world tighten restrictions on VOC emissions, manufacturers are pressured to develop low-VOC or VOC-free formulations. Additionally, the rising costs of raw materials such as petrochemicals used in alkyd resin production can impact profit margins for companies operating in this market. Competition from substitute products like acrylic resins and polyurethanes further adds to the challenges faced by the alkyd resin industry, requiring companies to innovate and differentiate their offerings to maintain market share.
The Global Alkyd Resin Market is primarily driven by the growing demand from the construction and automotive industries, where alkyd resins are widely used in paints, coatings, and varnishes due to their excellent performance characteristics. Additionally, the increasing focus on sustainable and eco-friendly products has led to the development of bio-based alkyd resins, further driving market growth. The expanding infrastructure projects, rising disposable income, and changing consumer preferences for aesthetically pleasing and durable products are also contributing to the market expansion. Moreover, technological advancements in alkyd resin formulations, such as improved durability, faster drying times, and enhanced flexibility, are further propelling the market forward. Overall, the increasing applications and benefits of alkyd resins across various end-use industries are key drivers shaping the growth of the Global Alkyd Resin Market.
Government policies related to the Global Alkyd Resin Market primarily revolve around environmental regulations and standards for the manufacturing and usage of alkyd resins. Many governments are implementing strict regulations to reduce volatile organic compound (VOC) emissions, which are commonly associated with alkyd resin production. Additionally, there are policies promoting the use of eco-friendly and sustainable raw materials in the manufacturing process. Some countries also have import/export regulations in place to monitor the flow of alkyd resin products across borders. Overall, the government policies aim to promote sustainable practices, reduce environmental impact, and ensure the safety and quality of alkyd resin products in the market.
The Global Alkyd Resin Market is poised for steady growth in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, and furniture. Factors such as the rising construction activities, expanding automotive production, and growing infrastructure development in emerging economies are expected to fuel market growth. Additionally, the shift towards sustainable and eco-friendly coatings is likely to create opportunities for bio-based alkyd resins. Technological advancements in the production process and the development of innovative products with enhanced properties are also anticipated to drive market expansion. However, challenges such as fluctuating raw material prices and stringent environmental regulations may hinder the market growth to some extent. Overall, the Global Alkyd Resin Market is projected to witness a positive trajectory in the forecast period.
In the Global Alkyd Resin Market, Asia is anticipated to dominate in terms of both production and consumption due to the rapid industrialization, growing construction sector, and increasing demand for paints and coatings in countries like China and India. North America and Europe are expected to witness steady growth driven by the presence of well-established automotive and construction industries. In the Middle East and Africa region, the market is likely to be propelled by infrastructure development projects and rising urbanization. Latin America is projected to show significant growth potential, fueled by expanding construction activities and increasing investments in the automotive sector. Overall, the global alkyd resin market is poised for growth across all regions, with varying factors influencing demand and consumption patterns.
Global Alkyd Resin Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Alkyd Resin Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Alkyd Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Global Alkyd Resin Market - Industry Life Cycle |
3.4 Global Alkyd Resin Market - Porter's Five Forces |
3.5 Global Alkyd Resin Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Alkyd Resin Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Global Alkyd Resin Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.8 Global Alkyd Resin Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.9 Global Alkyd Resin Market Revenues & Volume Share, By Formulation Type, 2021 & 2031F |
3.10 Global Alkyd Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Alkyd Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Alkyd Resin Market Trends |
6 Global Alkyd Resin Market, 2021 - 2031 |
6.1 Global Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Alkyd Resin Market, Revenues & Volume, By Non-drying alkyd resin, 2021 - 2031 |
6.1.3 Global Alkyd Resin Market, Revenues & Volume, By Drying alkyd resin, 2021 - 2031 |
6.1.4 Global Alkyd Resin Market, Revenues & Volume, By Semi-drying alkyd resin, 2021 - 2031 |
6.2 Global Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Alkyd Resin Market, Revenues & Volume, By Fatty Acid Process, 2021 - 2031 |
6.2.3 Global Alkyd Resin Market, Revenues & Volume, By Glyceride Process, 2021 - 2031 |
6.3 Global Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Alkyd Resin Market, Revenues & Volume, By Long Alkyd Resin, 2021 - 2031 |
6.3.3 Global Alkyd Resin Market, Revenues & Volume, By Medium Alkyd Resin, 2021 - 2031 |
6.3.4 Global Alkyd Resin Market, Revenues & Volume, By Short Alkyd Resin, 2021 - 2031 |
6.4 Global Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Alkyd Resin Market, Revenues & Volume, By High-Solid Alkyds, 2021 - 2031 |
6.4.3 Global Alkyd Resin Market, Revenues & Volume, By Waterborne Alkyds, 2021 - 2031 |
6.4.4 Global Alkyd Resin Market, Revenues & Volume, By Modifying Alkyds, 2021 - 2031 |
6.4.5 Global Alkyd Resin Market, Revenues & Volume, By Solvent Borne Coatings, 2021 - 2031 |
6.4.6 Global Alkyd Resin Market, Revenues & Volume, By Powder Coatings, 2021 - 2031 |
6.4.7 Global Alkyd Resin Market, Revenues & Volume, By Others, 2021 - 2031 |
6.5 Global Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Alkyd Resin Market, Revenues & Volume, By Building & Construction, 2021 - 2031 |
6.5.3 Global Alkyd Resin Market, Revenues & Volume, By Automotive 0em Coatings, 2021 - 2031 |
6.5.4 Global Alkyd Resin Market, Revenues & Volume, By Electrical Equipment, 2021 - 2031 |
6.5.5 Global Alkyd Resin Market, Revenues & Volume, By Furniture & Decor, 2021 - 2031 |
6.5.6 Global Alkyd Resin Market, Revenues & Volume, By Metal Coatings, 2021 - 2031 |
6.5.7 Global Alkyd Resin Market, Revenues & Volume, By Automotive Refinish Coatings, 2021 - 2031 |
6.5.8 Global Alkyd Resin Market, Revenues & Volume, By Coil Coatings, 2021 - 2031 |
6.5.9 Global Alkyd Resin Market, Revenues & Volume, By Packaging, 2021 - 2031 |
7 North America Alkyd Resin Market, Overview & Analysis |
7.1 North America Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
7.2 North America Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.4 North America Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
7.5 North America Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
7.6 North America Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
7.7 North America Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Alkyd Resin Market, Overview & Analysis |
8.1 Latin America (LATAM) Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.4 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
8.5 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
8.6 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
8.7 Latin America (LATAM) Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Alkyd Resin Market, Overview & Analysis |
9.1 Asia Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.4 Asia Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
9.5 Asia Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
9.6 Asia Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
9.7 Asia Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Alkyd Resin Market, Overview & Analysis |
10.1 Africa Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.4 Africa Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
10.5 Africa Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
10.6 Africa Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
10.7 Africa Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Alkyd Resin Market, Overview & Analysis |
11.1 Europe Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.4 Europe Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
11.5 Europe Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
11.6 Europe Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
11.7 Europe Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Alkyd Resin Market, Overview & Analysis |
12.1 Middle East Alkyd Resin Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Alkyd Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Alkyd Resin Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Alkyd Resin Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.4 Middle East Alkyd Resin Market, Revenues & Volume, By Process Type, 2021 - 2031 |
12.5 Middle East Alkyd Resin Market, Revenues & Volume, By Class, 2021 - 2031 |
12.6 Middle East Alkyd Resin Market, Revenues & Volume, By Formulation Type, 2021 - 2031 |
12.7 Middle East Alkyd Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Alkyd Resin Market Key Performance Indicators |
14 Global Alkyd Resin Market - Export/Import By Countries Assessment |
15 Global Alkyd Resin Market - Opportunity Assessment |
15.1 Global Alkyd Resin Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Alkyd Resin Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.3 Global Alkyd Resin Market Opportunity Assessment, By Process Type, 2021 & 2031F |
15.4 Global Alkyd Resin Market Opportunity Assessment, By Class, 2021 & 2031F |
15.5 Global Alkyd Resin Market Opportunity Assessment, By Formulation Type, 2021 & 2031F |
15.6 Global Alkyd Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Alkyd Resin Market - Competitive Landscape |
16.1 Global Alkyd Resin Market Revenue Share, By Companies, 2024 |
16.2 Global Alkyd Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |