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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
  • 2024-09-27
  • NO OF PAGES
  • 234
  • CATEGORY
  • Chemicals & Materials
Eco-Friendly Alkyd Resin- Description
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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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