Eco-Friendly Alkyd Resin Market Size - By form (sheets and films, rods and tubes, fibres, tapes), By end-user industry (automotive, aerospace and defence, medical, chemical, electronics) & Region – Forecasts By 2022-2030
- PUBLISHED ON
- 1970-01-01
- NO OF PAGES
- 234
- CATEGORY
- Chemicals & Materials
Fatty acid and dibasic acid are known to polycondensate to create alkyds. They are also known as polyester resins treated with oil. In order to create alkyds, phthalic anhydride is typically used as a dibasic acid. The class of synthetic resins includes alkyd resins. They are also used in a wide variety of applications due to their adaptability and affordability. The class of synthetic resins includes alkyd resins. They are utilised in a variety of applications because of their affordability and adaptability.
Most of the resins used in the paint industry, including rosin, epoxy, phenolic resin, amino resin, and polyurethanes, are compatible with alkyds. Consequently, they are easily modifiable to attain particular features.
Alkyd resin-based paints were among the first to be utilised in the sector of construction. They currently stand out as the treatment of choice for a variety of materials used for both interior and external uses.
Global Eco-Friendly Alkyd Resin Market- Overview
The Global Eco-Friendly Alkyd Resin Market is expected to grow at a considerable rate in 2030, with a growing CAGR of 3% over 2022-2030.
The rise in the level of living is one of the main factors anticipated to propel the growth of the alkyd resin market during the forecast period. Additionally, it is projected that rising consumer disposable income would further fuel the market for alkyd resin.
Additionally, it is predicted that urbanisation will slow the market's expansion for alkyd resin. On the other hand, the timeline period's expected growth of the alkyd resin market is further predicted to be hampered by the rise in crude oil prices.
The rising need for automobile repaints will also likely present prospects for the alkyd resin market to expand over the next few years. However, in the near future, the market expansion for alkyd resin may be further hampered by the user-friendly coating material and the rigorous restrictions.
Eco-Friendly Alkyd Resin Market- Key trends
Building and construction activity growth will propel the market for alkyd resins
One of the industries in Asia Pacific that is increasing quickly is building and construction. The region's construction industry is primarily driven by an improvement in living standards, an increase in consumer disposable income, and an expansion in urbanisation. To satisfy the quality criteria of the building and construction industry, speciality resins must be used in adhesives, sealants, and coatings (architectural, ornamental, and protective).
Rising consumer preference for environment-friendly coating material along with stringent government regulations will drive the market growth
Global demand for alkyd resin is growing significantly due to rising consumer preference for environmentally friendly coating materials and strict regulatory regulations regarding the usage of inorganic chemical compounds. Manufacturers are increasing the solid content in the coating material to prevent solvent vapour emission as environmental protection is becoming a more important concern. Alkyd resin market growth may be constrained by the increasing substitution of solvent-based acrylic resin with another aqueous resin in order to reduce solvent vapour emission for safety against fire dangers.
Eco-Friendly Alkyd Resin Market- Segmental assessment
By Form
• Sheets and films
• Rods and tubes
• Fibres
• Tapes
• Others
By End-Use Industry
• Automotive
• Aerospace and defence
• Medical
• Chemical
• Electronics
• Others
Eco-Friendly Alkyd Resin Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2022-2030. The expansion of urbanisation and the rise in population will also contribute to the region's alkyd resin market's expansion over the course of the forecast year.
Eco-Friendly Alkyd Resin Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Polynt, Akzo Nobel NV, Arakawa Chemical Industries Ltd., Arkema Group, BASF SE, Eternal Materials Co. Ltd., and Evonik Industries AG.
Report scope
Global Eco-Friendly Alkyd Resin Market: Historical Years- 2018-2021
Global Eco-Friendly Alkyd Resin Market: Forecast Years- 2022-2030
Global Eco-Friendly Alkyd Resin Market CAGR- 3%
Key segments covered-
1) By form (Long Oil Alkyd (LOA) Containing 56% Fatty Acids, Medium Oil Alkyd (MOA) Containing 46-55% Fatty Acids, Short Oil Alkyd (SOA) Containing Less Than 35-45% Fatty Acids, and others).
2) By end-user industry (online sales, offline sales, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Polynt, Akzo Nobel NV, Arakawa Chemical Industries Ltd., Arkema Group, BASF SE, Eternal Materials Co. Ltd., and Evonik Industries AG.
1.
Global
Eco-Friendly Alkyd Resin Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Eco-Friendly Alkyd Resin Market
Definition & Description
1.3. Global
Eco-Friendly Alkyd Resin Market Scope and Market Estimation
1.3.1. Global
Eco-Friendly Alkyd Resin Overall Market Size, Revenue (US$ Mn), Market CAGR
(%), Market forecast (2023-2033)
1.3.2. Global
Eco-Friendly Alkyd Resin Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Form
of Global Eco-Friendly Alkyd Resin Market
1.4.2. End-Use
Industry of Global Eco-Friendly Alkyd Resin Market
1.4.3. Region
of Global Eco-Friendly Alkyd Resin Market
2.
Executive
Summary
2.1. Global
Eco-Friendly Alkyd Resin Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Eco-Friendly
Alkyd Resin Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market
Investment Opportunity Analysis (Top Investment Pockets), By Segments & By
Region
3.
Global
Eco-Friendly Alkyd Resin Market Estimates & Historical Trend Analysis (2020 -
2022)
4.
Global
Eco-Friendly Alkyd Resin Market Estimates & Forecast Trend Analysis, by Form
4.1. Global
Eco-Friendly Alkyd Resin Market Revenue (US$ Mn) Estimates and Forecasts, by Installation,
2023 to 2033
4.1.1. Heets
and films
4.1.2. Rods
and tubes
4.1.3. Fibres
4.1.4. Tapes
5.
Global
Eco-Friendly Alkyd Resin Market Estimates & Forecast Trend Analysis, by End-Use Industry
5.1. Global
Eco-Friendly Alkyd Resin Market Revenue (US$ Mn) Estimates and Forecasts, by
Installation, 2023 to 2033
5.1.1. Automotive
5.1.2. Aerospace
and defence
5.1.3. Medical
5.1.4. Chemical
5.1.5. Electronics
6.
Global
Eco-Friendly Alkyd Resin Market Estimates & Forecast Trend Analysis, by Region
6.1. Global
Eco-Friendly Alkyd Resin Market Revenue (US$ Mn) Estimates and Forecasts, by Region,
2023 to 2033
6.1.1. North
America
6.1.2. Europe
6.1.3. Asia
Pacific
6.1.4. Middle
East & Africa
6.1.5. South
America
7.
North America Eco-Friendly Alkyd Resin
Market: Estimates & Forecast Trend
Analysis
7.1. North
America Eco-Friendly Alkyd Resin Market Assessments & Key Findings
7.1.1. North
America Eco-Friendly Alkyd Resin Market Introduction
7.1.2. North
America Eco-Friendly Alkyd Resin Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
7.1.2.1. By Form
7.1.2.2. By End-Use Industry
7.1.2.3. By
Country
7.1.2.3.1. The
U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe Eco-Friendly Alkyd Resin
Market: Estimates & Forecast Trend
Analysis
8.1. Europe
Eco-Friendly Alkyd Resin Market Assessments & Key Findings
8.1.1. Europe
Eco-Friendly Alkyd Resin Market Introduction
8.1.2. Europe
Eco-Friendly Alkyd Resin Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
8.1.2.1. By Form
8.1.2.2. By End-Use Industry
8.1.2.3. By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest
of Europe
9.
Asia Pacific Eco-Friendly Alkyd Resin
Market: Estimates & Forecast Trend
Analysis
9.1. Asia
Pacific Market Assessments & Key Findings
9.1.1. Asia
Pacific Eco-Friendly Alkyd Resin Market Introduction
9.1.2. Asia
Pacific Eco-Friendly Alkyd Resin Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
9.1.2.1. By
Form
9.1.2.2. By
End-Use Industry
9.1.2.3. By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South
Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest
of Asia Pacific
10. Middle
East & Africa Eco-Friendly
Alkyd Resin Market: Estimates &
Forecast Trend Analysis
10.1. Middle
East & Africa Market Assessments & Key Findings
10.1.1. Middle East & Africa Eco-Friendly
Alkyd Resin Market Introduction
10.1.2. Middle East & Africa Eco-Friendly
Alkyd Resin Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
10.1.2.1. By Form
10.1.2.2. By End-Use Industry
10.1.2.3. By
Country
10.1.2.3.1.
U.A.E.
10.1.2.3.2.
Saudi Arabia
10.1.2.3.3.
Egypt
10.1.2.3.4.
South Africa
10.1.2.3.5.
Rest of Middle East &
Africa
11. South
America Eco-Friendly
Alkyd Resin Market: Estimates &
Forecast Trend Analysis
11.1. South
America Market Assessments & Key Findings
11.1.1. South
America Eco-Friendly Alkyd Resin Market Introduction
11.1.2. South
America Eco-Friendly Alkyd Resin Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
11.1.2.1. By Form
11.1.2.2. By End-Use Industry
11.1.2.3. By
Country
11.1.2.3.1.
Brazil
11.1.2.3.2.
Argentina
11.1.2.3.3.
Colombia
11.1.2.3.4.
Rest of South America
12. Competition
Landscape
12.1. Global
Eco-Friendly Alkyd Resin Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
12.2. Global
Eco-Friendly Alkyd Resin Market Concentration & Company Market Shares (%)
Analysis, 2022
13. Company
Profiles
13.1. Polynt
13.1.1. Company
Overview & Key Stats
13.1.2. Financial
Performance & KPIs
13.1.3. Product
Portfolio
13.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
13.2. Akzo Nobel NV
13.3. Arakawa Chemical Industries Ltd.
13.4. Arkema Group
13.5. BASF SE
13.6. Eternal Materials Co. Ltd.
13.7. Evonik Industries AG
13.8. Others**
14. Research Methodology
14.1. External
Transportations / Databases
14.2. Internal
Proprietary Database
14.3. Primary
Research
14.4. Secondary
Research
14.5. Assumptions
14.6. Limitations
14.7. Report
FAQs
15. Research Findings &
Conclusion
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