PUBLISHER: Grand View Research | PRODUCT CODE: 1530073
PUBLISHER: Grand View Research | PRODUCT CODE: 1530073
The global alkyd resin market size is anticipated to reach USD 6.41 billion by 2030 and is anticipated to expand at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for consumer electronics owing to the advent in technologies such as internet of things (IoT), cloud computing, edge computing, and 5G is propelling the alkyd resin market.
In the electrical and electronics industry, alkyd resins are primarily used for their excellent insulating properties and protective capabilities. They are widely applied in the production of insulating varnishes and coatings that safeguard electronic components and circuit boards from moisture, dust, and electrical interference. These resins provide a durable and reliable barrier, enhancing the longevity and performance of electrical devices. In addition, alkyd resins are used in the encapsulation of transformers, motors, and other electrical equipment, ensuring protection against harsh environmental conditions and electrical stress. Their versatility and effectiveness make them a preferred choice in maintaining the integrity and efficiency of electrical and electronic products.
Alkyd resins are used in aerospace industry primarily for protective coatings on aircraft components. These resins offer excellent durability, weather resistance, and corrosion protection, making them ideal for coating the exterior surfaces of airplanes. Alkyd resin-based paints and coatings help protect aircraft from harsh environmental conditions, such as extreme temperatures and UV radiation, while also providing a smooth, glossy finish that enhances the aerodynamics and aesthetics of the aircraft. In addition, they are used in the maintenance and refurbishment of aerospace equipment, ensuring long-lasting protection and performance. Their effectiveness in providing both protection and aesthetic appeal makes alkyd resins a valuable material in the aerospace sector.