Alkyd Coatings Market : Industry to take massive lead by 2026
Alkyd Coatings Market Outlook 2019-2026:
Global Alkyd Coatings Market top key players are PPG Industries, 3M Co., AzkoNobel N.V., BASF SE, Hempel A/S, Kansai Paints Co., Ltd., Nippon Paints Co., Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Dow Chemical Company, Wacker Chemie AG.
Alkyd surface coatings are the most highly consumed types of coatings used worldwide, despite the increasing use of other film formers. These coatings can be tailored to meet a variety of end-use requirements through the choice and ratio of reactants and/or modifiers. Alkyd resins are polyester-based materials that are typically modified with oil or fatty acids. They are classified as drying, semi-drying, and non-drying according to their fatty acid type added to the backbone; and as short oil, medium oil, and long oil according to the content of fatty acid.
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Low cost of alkyd resins, formulation flexibility, and familiar utility to end users drive the alkyd coatings market. The development of better film-forming agents and environmental restraints on the use of solvent-borne coatings restrict the market growth. Rise in investments in the industrial sector and preference towards special-purpose coatings are the key opportunities in the industry.
The report segments the global alkyd coatings market based on resin type, end-use, formulation, and geography. Based on resin type, the market is classified into non-drying, drying, and semi-drying alkyd resins. The end use of these resins include architecture, consumer goods, transportation, industrial, special-purpose coatings, and others. On the basis of formulation, the market is categorized into high-solids alkyds, waterborne alkyds, modifying alkyds, solvent-borne coatings, powder coatings, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The significant players operating in the global alkyd coatings market strategically focus on product launch as their key strategy to gain significant market share.
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Key Benefits
- This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the alkyd coatings market.
- In-depth analysis of the market and estimations for key segments between 2017 and 2023 are provided.
- Global industry analysis for factors that drive and restrain the market growth is provided.
- Alkyd coatings market share for all segments with respect to geography is detailed in the report.
- Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.
Alkyd Coatings Market Key Segments:
By Resin Type
- Non-drying
- Drying
- Semi-drying
By End Use
- Architecture
- Consumer Goods
- Transportation
- Industrial
- Special-purpose Coatings
- Others
By Formulation
- High-Solids Alkyds
- Waterborne Alkyds
- Modifying Alkyds
- Solvent-borne Coatings
- Powder Coatings
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
*Other players in the value chain include:
- Axalta Coating System Ltd.
- Ashland Inc.
- Clariant International Ltd.
- Diamond Vogel Paints
- Jotun A/S
- RPM International, Inc.
- Royal DSM N.V.
- Solvay S.A.
- Sono-Tek Corporation