Alkyd Resin Market Report and Forecast 2025-2034
Market Report I 2025-06-30 I 154 Pages I EMR Inc.
The global alkyd resin market attained a value of USD 2.47 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4.10%, to reach USD 3.69 Billion by 2034.
Key Trends in the Market
Alkyd resins are specialised polyesters modified with fatty acids or plant-based oils. They possess remarkable attributes, including swift curing, robust chemical resistance, and exceptional weathering resilience, which are highly valued in the paint sector, distinguishing them from unadulterated oils. Alkyd resins find applications in essential products, ranging from household paints to industrial coatings.
- A major factor aiding the global alkyd resin market growth is the increasing demand for high-performance coatings in different sectors such as marine, aerospace, and industrial machinery. This is boosting the demand for alkyd-based paints and coatings due to their enhanced durability, corrosion resistance, and excellent adhesion properties.
- The increasing transition towards waterborne resins is expected to further propel the growth of the market. The use of water for waterborne resins as a solvent makes these resins eco-friendly with low flammability and toxicity.
- One of the major global alkyd resin market trends is the rising focus on the development of bio-based alkyd resins. Companies are increasingly involved in the development of bio-based products due to the rising concerns regarding rapid climate change. Bio-based resins can be used as high-performance alternatives over fossil fuel-based resins, providing lower volatile organic compounds (VOC) levels.
- The flourishing construction sector is a major factor propelling global alkyd resins market demand. Alkyd resins are used in architectural coatings for applications like walls, ceilings, and trim. Hence, growth in construction activities, particularly in emerging economies, has been a significant driver of the market.
Market Analysis
The EMR's report titled "Alkyd Resin Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Based on product type, the market can be segmented:
- Long
- Medium
- Short
- Others
Based on application, the market can be segmented:
- Building and Construction
- Furniture
- Automotive
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Share by Application
According to the global alkyd resin market analysis, the demand for alkyd resin in the automotive sector is likely to be high in the coming years. In the automotive sector, alkyd coatings play essential roles as primers, basecoats, and topcoats. The primer serves as a crucial bonding agent, ensuring that the paint adheres firmly to the car's body. Moreover, it offers an extra layer of protection, guarding against both corrosion and moisture-related damage to the vehicle.
Market Share by Region
The Asia Pacific is expected to be a major regional market for alkyd resins and contribute to a major portion of the global alkyd resin market share in the forecast period. Rapid industrialisation and urbanisation in countries like China and India have led to a substantial increase in construction activities. Alkyd resins find extensive use in architectural coatings for buildings, a demand that has surged alongside the construction boom.
Furthermore, the automotive sector, a major consumer of alkyd resins, has experienced exponential growth in the Asia Pacific, which is another factor propelling the market growth.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global alkyd resin market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Arkema SA
Arkema SA is a global speciality chemical manufacturing company, which was founded in the year 2004. Its product range includes various chemical compounds and materials, such as polymers, resins, adhesives, additives, and more. The company provides its services in a wide variety of sectors, including adhesives and sealants, packaging, automotive, and coatings and paints, among others.
BASF SE
BASF SE is a multinational chemical company based in Germany. The company was established in 1865 and has grown from a small dyestuffs factory into a global conglomerate with operations in numerous countries. The company is engaged in the manufacturing of a variety of chemicals and industrial products, including chemicals for industries like agriculture, automotive, construction, electronics, and more.
VIL Resins Limited
VIL Resins Limited is a chemical manufacturing company established in 1938 and headquartered in England. The company's core business focuses on the production and development of acrylics, alkyds, polyesters, isocyanate-modified resins and epoxy esters. In addition, the company also produces aqueous resin dispersions and distributes them internationally.
Other global alkyd resin market players include National Industrial Resin Company Limited (NIRO), Polynt SpA, Arakawa Chemical Industries,Ltd., and DIC Corporation, among others.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Alkyd Resin Market Overview
5.1 Key Industry Highlights
5.2 Global Alkyd Resin Market (2018-2024)
5.3 Global Alkyd Resin Market Forecast (2025-2034)
5.4 Global Alkyd Resin Market by Product Type
5.4.1 Long
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Medium
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Short
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Others
5.5 Global Alkyd Resin Market by Application
5.5.1 Building and Construction
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Furniture
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Automotive
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Others
5.6 Global Alkyd Resin Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Asia Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
6 North America Alkyd Resin Market Analysis
6.1 Market by Product Type
6.2 Market by Application
6.3 Market by Country
6.3.1 United States of America
6.3.1.1 Historical Trend (2018-2024)
6.3.1.2 Forecast Trend (2025-2034)
6.3.2 Canada
6.3.2.1 Historical Trend (2018-2024)
6.3.2.2 Forecast Trend (2025-2034)
7 Europe Alkyd Resin Market Analysis
7.1 Market by Product Type
7.2 Market by Application
7.3 Market by Country
7.3.1 United Kingdom
7.3.1.1 Historical Trend (2018-2024)
7.3.1.2 Forecast Trend (2025-2034)
7.3.2 Germany
7.3.2.1 Historical Trend (2018-2024)
7.3.2.2 Forecast Trend (2025-2034)
7.3.3 France
7.3.3.1 Historical Trend (2018-2024)
7.3.3.2 Forecast Trend (2025-2034)
7.3.4 Italy
7.3.4.1 Historical Trend (2018-2024)
7.3.4.2 Forecast Trend (2025-2034)
7.3.5 Others
8 Asia Pacific Alkyd Resin Market Analysis
8.1 Market by Product Type
8.2 Market by Application
8.3 Market by Country
8.3.1 China
8.3.1.1 Historical Trend (2018-2024)
8.3.1.2 Forecast Trend (2025-2034)
8.3.2 Japan
8.3.2.1 Historical Trend (2018-2024)
8.3.2.2 Forecast Trend (2025-2034)
8.3.3 India
8.3.3.1 Historical Trend (2018-2024)
8.3.3.2 Forecast Trend (2025-2034)
8.3.4 ASEAN
8.3.4.1 Historical Trend (2018-2024)
8.3.4.2 Forecast Trend (2025-2034)
8.3.5 Australia
8.3.5.1 Historical Trend (2018-2024)
8.3.5.2 Forecast Trend (2025-2034)
8.3.6 Others
9 Latin America Alkyd Resin Market Analysis
9.1 Market by Product Type
9.2 Market by Application
9.3 Market by Country
9.3.1 Brazil
9.3.1.1 Historical Trend (2018-2024)
9.3.1.2 Forecast Trend (2025-2034)
9.3.2 Argentina
9.3.2.1 Historical Trend (2018-2024)
9.3.2.2 Forecast Trend (2025-2034)
9.3.3 Mexico
9.3.3.1 Historical Trend (2018-2024)
9.3.3.2 Forecast Trend (2025-2034)
9.3.4 Others
10 Middle East and Africa Alkyd Resin Market Analysis
10.1 Market by Product Type
10.2 Market by Application
10.3 Market by Country
10.3.1 Saudi Arabia
10.3.1.1 Historical Trend (2018-2024)
10.3.1.2 Forecast Trend (2025-2034)
10.3.2 United Arab Emirates
10.3.2.1 Historical Trend (2018-2024)
10.3.2.2 Forecast Trend (2025-2034)
10.3.3 Nigeria
10.3.3.1 Historical Trend (2018-2024)
10.3.3.2 Forecast Trend (2025-2034)
10.3.4 South Africa
10.3.4.1 Historical Trend (2018-2024)
10.3.4.2 Forecast Trend (2025-2034)
10.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Procurement Insights
13.1 Contract Terms
13.2 Cost Structure
13.2.1 Raw Material
13.2.2 Utility
13.2.3 Labour Cost
13.2.4 Fixed Cost
13.3 Pricing Model
13.4 Vendor Selection Criteria
13.5 Supplier and Buyer Power at Regional Level
13.5.1 Demand
13.5.2 Supply
13.5.3 Raw Material/Feedstock Availability
13.5.4 Supplier Power
13.5.5 Buyer Power
13.6 Procurement Strategy: Best Practices
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Arkema SA
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 BASF SE
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 National Industrial Resin Company Limited (NIRO)
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Polynt SpA
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Arakawa Chemical Industries,Ltd.
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 DIC Corporation
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 VIL Resins Limited
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Others
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