Alkyd Resin Market Research 2022-2030
The alkyd resin market is projected to grow rapidly, witnessing the rising consumption of paints coating materials worldwide. Besides, factors such as the spurting growth in building construction, automotive, and furniture sectors would act as a significant tailwind, driving the paint coatings demand. Moreover, advances in coating technologies are predicted to escalate the market to furthered height.
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/4925
According to Market Research Future (MRFR), the global alkyd resin market is estimated to create a valuation of USD 3,257.7 MN by 2023, growing at3.32% CAGR during the review period. Sharp increase in the construction and automotive sectors over recent years, alongside the rising global economy, would bolster the market growth. Also, recent developments, such as the emergence of antivirus surface coatings, are expected to benefit the market growth. Such products designed to support communities during Coronavirus crises would increase the consumption of alkyd resins.
Therefore, the COVID 19 pandemic is expected to exponentially impact the global alkyd resin market. The development of VOC-free and label-free paints coating materials is another such market trend estimated to remain viable for the market growth. On the backdrop of the deteriorating environment, these trends are expected to foster market growth during and after the pandemic.
Alkyd Resin Market – Segments
The report is segmented into three key dynamics;
By Type : Water Reducible, Oil-based, Modified, and others.
By End-Use Industry : Automotive, Building Construction, Furniture, Industrial, and others.
By Regions : Europe, Americas, Asia Pacific, and Rest-of-the-World
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/4925
Global Alkyd Resin Market – Geographical Analysis
The Asia Pacific region leads the global alkyd resin market. The largest market share attributes to the spurting growth in the architectural industry, driving the paints coatings market. Besides, the rapid industrialization in APAC countries such as India, China, and Japan pushes the growth of the regional market. Moreover, widely expanding industries such as construction, automotive, and others boost the growth of the regional market. With their raw material advantage and cost-competitive labor force, China and India account for considerable shares in the regional market. Furthermore, technology upgrades and government efforts to reduce VOC emissions are likely to provide lucrative opportunities for alkyd resin manufacturers.
Moreover, considerable advances in coating technologies positively impact regional market growth. Besides, regulatory norms on carbon emission driven by the rising awareness of the alkyd resin and its benefits on energy-saving operations influence the market growth. European countries such as Germany, Russia, and the UK are major alkyd resin markets. The alkyd resin market in Europe is expected to grow at a prominent CAGR during the review period.
The North America alkyd resin market is growing briskly. High consumption potential and large production capacities of paints coating are the major factors driving the regional market growth. Additionally, the increasing consumption of paint and coating materials in various sectors, such as construction, automotive, and the aircraft, fosters the growth of the regional market. The US market holds the largest share in the regional market. The North American alkyd resin market research is predicted to witness a tremendous rise over the estimated period.
Alkyd Resin Market – Competitive Analysis
The market appears highly competitive and fragmented, with the presence of several well-established players. They incorporate strategic initiatives such as mergers acquisitions, collaboration, expansion, and product/ technology launch to gain a larger completive share. Manufacturers aim to develop uniquely designed products that can offer high curability finishing. Also, they make substantial investments to increase their global footprint and RD required for the product launches.
Major Players
Players active in the global alkyd resin market include Nord Composites, Mancuso Chemicals Limited, Polynt SpA, Macro Polymers, BASF SE, DSV Chemicals Pvt. Ltd., DowDuPont Inc., Cytech Solvay Group., Spolchemie, D.S.M., and Arkema SA, among others.
Ask for Customization @ https://www.marketresearchfuture.com/ask_for_customize/4925
Industry/ Innovation/ Related News:
July 24, 2020 ---- A recent technical article of the European Coatings Journal described a new way to manufacture bio-based coatings from palm fatty acid distillate (PFAD), a by-product in the palm oil industry. The distillate is comprised of palmitic acid, oleic acid, and to a lesser extent of their glycerides. Also, detailed weathering results and how the PFAD raw materials are also used as the fatty acid in alkyd resins for internal plasticizers.
Researchers at the Fraunhofer Institute for wood research in Germany used this material to synthesize two inexpensive variants of hydrophobic acrylate synthesis building blocks by esterification with GMA, respectively, HEMA. Both components were then copolymerized to synthesize the new hydrophobic polyacrylate.
Table of Content
1 Report Prologue
2 Scope Of The Report
2.1 Market Definition 17
2.2 Scope Of The Study 17
2.2.1 Research Objectives 17
2.2.2 Assumptions 17
2.2.3 Limitations 17
2.3 Market Structure 18
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 22
3.3 Secondary Research 22
3.4 Market Size Estimation 22
3.5 Forecast Model 23
4 Market Impact Analysis
4.1 Introduction 25
4.2 Drivers 26
4.2.1 Increasing Demand For Paint Coatings From The End-User Industries 26
4.2.2 Growing Demand For The Automotive Refinishes 27
4.2.3 Growing Consumption Of Printing Inks 28
4.3 Restraint 29
4.3.1 Stringent Regulations On The Manufacturing Alkyd Resins 29
4.4 Trends 30
4.4.1 Increasing Preference For Waterborne Alkyd Resin Technology Trending In Architectural Coatings Application 30
4.5 Opportunity 30
4.5.1 Rapid Growth Of Curable Resins Provides Lucrative Opportunities To Market Players 30
5 Market Factor Analysis
5.1 Supply Chain Analysis 32
5.1.1 Raw Material Suppliers 32
5.1.2 Alkyd Resin Producers 33
5.1.3 Distributors 33
5.1.4 End User 33
5.2 Porter’s Five Forces 33
5.2.1 Threat Of New Entrants 33
5.2.2 The Intensity Of Competitive Rivalry 33
5.2.3 Bargaining Power Of Supplier 33
5.2.4 Bargaining Power Of Buyer 33
5.2.5 Threat Of Substitute 34
6 Global Alkyd Resin Market, By Type
6.1 Introduction 36
6.2 Oil Based Alkyd Resins 38
6.3 Modified Alkyd Resin 40
6.4 Water Reducible Alkyd Resin 42
6.5 Others 43
7 Global Alkyd Resin Market, By End User Industry
7.1 Introduction 45
7.2 Building Construction 47
7.3 Automotive 48
7.4 Industrial 49
7.5 Furniture 50
7.6 Others 51
8 Global Alkyd Resin Market, By Region
8.1 Introduction 53
8.2 North America 57
8.2.1 U.S. 61
8.2.2 Canada 63
8.3 Europe 65
8.4 Germany 69
8.4.1 UK 71
8.4.2 France 73
8.4.3 Spain 75
8.4.4 Italy 77
8.4.5 Russia 79
8.4.6 Rest Of Europe 81
8.5 Asia Pacific 83
8.5.1 China 87
8.5.2 Japan 89
8.5.3 India 91
8.5.4 Australia 93
8.5.5 Rest Of Asia Pacific 95
8.6 Latin America 97
8.6.1 Brazil 101
8.6.2 Mexico 103
8.6.3 Argentina 105
8.6.4 Rest Of Latin America 107
8.7 Middle East Africa 109
8.7.1 Turkey 113
8.7.2 Israel 115
8.7.3 GCC 117
8.7.4 North Africa 119
8.7.5 Rest Of Middle East Africa 121
9 Competitive Landscape
9.1 Expansion 124
9.2 Acquisition 125
9.3 Agreement, Partnership And Joint Venture 125
10 Company Profiles
10.1 Polynt SpA 127
10.1.1 Company Overview 127
10.1.2 Financials 127
10.1.3 Products 127
10.1.4 Strategy 127
10.1.5 Key Developments 127
10.2 Nord Composites 128
10.2.1 Company Overview 128
10.2.2 Financials 128
10.2.3 Products 128
10.2.4 Strategy 128
10.2.5 Key Developments 128
10.3 Mancuso Chemicals Limited 129
10.3.1 Company Overview 129
10.3.2 Financials 129
10.3.3 Products 129
10.3.4 Strategy 129
10.3.5 Key Developments 129
10.4 D.S.V Chemicals Pvt Ltd 130
10.4.1 Company Overview 130
10.4.2 Financials 130
10.4.3 Products 130
10.4.4 Strategy 130
10.4.5 Key Developments 130
10.5 Macro Polymers 131
10.5.1 Company Overview 131
10.5.2 Financials 131
10.5.3 Products 131
10.5.4 Strategy 131
10.5.5 Key Developments 131
10.6 BASF SE 132
10.6.1 Company Overview 132
10.6.2 Financials 132
10.6.3 Products 132
10.6.4 Strategy 132
10.6.5 Key Developments 132
10.7 Spolchemie 133
10.7.1 Company Overview 133
10.7.2 Financials 133
10.7.3 Products 133
10.7.4 Strategy 133
10.7.5 Key Developments 133
10.8 DowDuPont Inc. 134
10.8.1 Company Overview 134
10.8.2 Financials 134
10.8.3 Products 134
10.8.4 Strategy 134
10.8.5 Key Developments 134
10.9 DSM 135
10.9.1 Company Overview 135
10.9.2 Financials 135
10.9.3 Products 135
10.9.4 Strategy 135
10.9.5 Key Developments 135
10.10 Arkema SA 136
10.10.1 Company Overview 136
10.10.2 Financials 136
10.10.3 Products 136
10.10.4 Strategy 136
10.10.5 Key Developments 136
10.11 Cytech Solvay Group 137
10.11.1 Company Overview 137
10.11.2 Financials 137
10.11.3 Products 137
10.11.4 Strategy 137
10.11.5 Key Developments 137
11 Conclusion
Related Reports:
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
