Alkyd Resin Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41319
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The alkyd resin market has the potential to grow by 223.32 th MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.03%.

This alkyd resin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (architectural, industrial, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). The alkyd resin market report also offers information on several market vendors, including Akzo Nobel NV, Arakawa Chemical Industries Co. Ltd., Arkema SA, BASF SE, Eternal Materials Corp. Ltd., Evonik Industries AG, Mitsui Chemicals Inc., Polynt Spa, Solvay SA, and Synthomer Plc among others.

What will the Alkyd Resin Market Size be in 2021?

Alkyd-Resin-Market-Market-Size-2020-2025

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Alkyd Resin Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The superior properties of alkyd resins is notably driving the alkyd resin market growth, although factors such as fluctuating crude oil prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the alkyd resin industry get your FREE report sample now.

  • Alkyd resin is used in manufacturing protective coatings, owing to its excellent weathering properties, versatility, and low cost.
  • Alkyd resin is compatible with many other coating polymers and is increasingly used by major paint and coatings manufacturers as a raw material in paint and coatings applications.
  • The superior properties of alkyd resin will lead to an increase in its demand, in turn, fueling the market growth.
  • The growth of the automotive industry will also have a significant influence on the alkyd resin market growth.
  • Factors such as increasing population and rising disposable income are driving sales of automobiles.
  • The growing automotive industry increases the demand for alkyd resin, as it is used in automotive paints and coatings, owing to its superior properties, such as good initial gloss, strength, and excellent gloss retention even in harsh climatic conditions.

This alkyd resin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Alkyd Resin Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Akzo Nobel NV
  • Arakawa Chemical Industries Co. Ltd.
  • Arkema SA
  • BASF SE
  • Eternal Materials Corp. Ltd.
  • Evonik Industries AG
  • Mitsui Chemicals Inc.
  • Polynt Spa
  • Solvay SA
  • Synthomer Plc

 

The alkyd resin market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the alkyd resin market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Alkyd Resin Market?

Alkyd-Resin-Market-Market-Share-by-Region-2020-2025

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65% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the alkyd resin market in APAC. Market growth in this region will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Alkyd Resin Market?

Alkyd-Resin-Market-Market-Share-by-Application-2020-2025

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For architectural applications, alkyd resins are used in architectural coatings that are used in commercial and residential buildings. They protect buildings from elements such as moisture, UV radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the major types of architectural coating products that are formulated using alkyd resins. The low VOC content in these coatings has led to their high adoption in developed regions such as the US, the UK, and Germany, where stringent regulations encourage low emission levels. Moreover, an increasing number of consumers in these regions are focusing on remodeling their houses in a sustainable way, thereby contributing to higher demand for eco-friendly alkyd resins.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the alkyd resin market size.

 

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What are the Key Factors Covered in this Alkyd Resin Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive alkyd resin market growth during the next five years
  • Precise estimation of the alkyd resin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alkyd resin industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of alkyd resin market vendors

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Alkyd Resin Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

223.32 th MT

Market structure

Fragmented

YoY growth (%)

1.81

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 65%

Key consumer countries

China, US, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Akzo Nobel NV, Arakawa Chemical Industries Co. Ltd., Arkema SA, BASF SE, Eternal Materials Corp. Ltd., Evonik Industries AG, Mitsui Chemicals Inc., Polynt Spa, Solvay SA, and Synthomer Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Architectural - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Akzo Nobel NV
      • Arakawa Chemical Industries Co. Ltd.
      • Arkema SA
      • BASF SE
      • Eternal Materials Corp. Ltd.
      • Evonik Industries AG
      • Mitsui Chemicals Inc.
      • Polynt Spa
      • Solvay SA
      • Synthomer Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The alkyd resin market growth will increase by $280.16 thousand MT during 2019-2024.
      The alkyd resin market is expected to grow at a CAGR of 3.57% during 2019-2024.
      Technavio has segmented the alkyd resin market by application (Architectural, Industrial, Automotive, Others, Residential, Corporate office, Car, and Others) and geographic (APAC, North America, Europe, and South America).
      Akzo Nobel NV, Arakawa Chemical Industries Ltd., Arkema Group, BASF SE, Eternal Materials Co. Ltd. , Evonik Industries AG, Mitsui Chemicals Inc., Polynt Spa, Solvay SA, Synthomer Plc are a few of the key vendors in the alkyd resin market.
      APAC will register the highest growth rate of 66.53% among the other regions. Therefore, the alkyd resin market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • Germany
      • India
      The key factors driving the alkyd resin market growth are:
      • Superior properties of alkyd resins
      • Inorganic growth strategies
      The alkyd resin market vendors should focus on grabbing business opportunities from the architectural segment as it accounted for the largest market share in the base year.
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