Alkyd Coatings Market Report: Trends, Forecast and Competitive Analysis to 2030

Alkyd Coatings Trends and Forecast

The future of the global alkyd coatings market looks promising with opportunities in the automotive industry, architecture industry, marine industry, food and beverage industry, and appliances markets. The global alkyd coatings market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are the burgeoning adoption of alkyd coatings within the marine sector and expanding utilization of alkyd coatings in the construction sector.

A more than 150-page report is developed to help in your business decisions.

Alkyd Coatings by Segment

The study includes a forecast for the global alkyd coatings by resin type, process type, application, end use, and region.

Alkyd Coatings Market by Resin Type [Shipment Analysis by Value from 2018 to 2030]:

• Non-Drying Alkyd Resins
• Drying Alkyd Resins
• Semi-Drying Alkyd Resins

Alkyd Coatings Market by Process Type [Shipment Analysis by Value from 2018 to 2030]:

• Fatty Acid Process
• Glyceride Process

Alkyd Coatings Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive Refinishing Primers
• Coil Coatings
• Drum And Metal Container Coating
• Electrical Insulating Enamels
• Exterior Trim Paints
• Maintenance Paint
• Packaging
• Others

Alkyd Coatings Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive Industry
• Architecture Industry
• Marine Industry
• Food And Beverage Industry
• Appliances
• Others

Alkyd Coatings Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Alkyd Coatings Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies alkyd coatings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the alkyd coatings companies profiled in this report include-

• 3M
• Akzonobel
• Basfe
• Hempel
• Kansai Paints
• Nippon Paints
• Ppg Industries
• The Dow Chemical
• The Sherwin-Williams
• Wacker Chemie

Alkyd Coatings Market Insights

Lucintel forecasts that non-drying alkyd resins will remain the largest segment over the forecast period due to the rising need for non-drying alkyd resins as supplementary components in coatings.

Within this market, architecture industry is expected to witness highest growth over the forecast period due to elevated demand for residential, commercial, and industrial facilities.

APAC will remain the largest region over the forecast period due to rise in usage of alkyd coatings in the region.

Features of the Global Alkyd Coatings Market

Market Size Estimates: Alkyd coatings market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Alkyd coatings market size by various segments, such as by resin type, process type, application, end use, and region in terms of value ($B).

Regional Analysis: Alkyd coatings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different resin type, process type, application, end use, and regions for the alkyd coatings market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the alkyd coatings market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for alkyd coatings market?

Answer: The global alkyd coatings market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the alkyd coatings market?

Answer: The major drivers for this market are the burgeoning adoption of alkyd coatings within the marine sector and expanding utilization of alkyd coatings in the construction sector.

Q3. What are the major segments for alkyd coatings market?

Answer: The future of the alkyd coatings market looks promising with opportunities in the automotive industry, architecture industry, marine industry, food and beverage industry, and appliances markets.

Q4. Who are the key alkyd coatings market companies?

Answer: Some of the key alkyd coatings companies are as follows.

• 3M
• Akzonobel
• Basfe
• Hempel
• Kansai Paints
• Nippon Paints
• Ppg Industries
• The Dow Chemical
• The Sherwin-Williams
• Wacker Chemie

Q5. Which alkyd coatings market segment will be the largest in future?

Answer: Lucintel forecasts that non-drying alkyd resins will remain the largest segment over the forecast period due to the rising need for non-drying alkyd resins as supplementary components in coatings.

Q6. In alkyd coatings market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rise in usage of alkyd coatings in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the alkyd coatings market by resin type (non-drying alkyd resins, drying alkyd resins, and semi-drying alkyd resins), process type (fatty acid process and glyceride process), application (automotive refinishing primers, coil coatings, drum and metal container coating, electrical insulating enamels, exterior trim paints, maintenance paint, packaging, and others), end use (automotive industry, architecture industry, marine industry, food and beverage industry, appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?