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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. Sample figures with some insights are shown below.
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?
For any questions related to Alkyd Coatings Market, Alkyd Coatings Market Size, Alkyd Coatings Market Growth, Alkyd Coatings Market Analysis, Alkyd Coatings Market Report, Alkyd Coatings Market Share, Alkyd Coatings Market Trends, Alkyd Coatings Market Forecast, Alkyd Coatings Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Alkyd Coatings Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Alkyd Coatings Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Alkyd Coatings Market by Resin Type
3.3.1: Non-Drying Alkyd Resins
3.3.2: Drying Alkyd Resins
3.3.3: Semi-Drying Alkyd Resins
3.4: Global Alkyd Coatings Market by Process Type
3.4.1: Fatty Acid Process
3.4.2: Glyceride Process
3.5: Global Alkyd Coatings Market by Application
3.5.1: Automotive Refinishing Primers
3.5.2: Coil Coatings
3.5.3: Drum and Metal Container Coating
3.5.4: Electrical Insulating Enamels
3.5.5: Exterior Trim Paints
3.5.6: Maintenance Paint
3.5.7: Packaging
3.5.8: Others
3.6: Global Alkyd Coatings Market by End Use
3.6.1: Automotive Industry
3.6.2: Architecture Industry
3.6.3: Marine Industry
3.6.4: Food and Beverage Industry
3.6.5: Appliances
3.6.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Alkyd Coatings Market by Region
4.2: North American Alkyd Coatings Market
4.2.2: North American Alkyd Coatings Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
4.3: European Alkyd Coatings Market
4.3.1: European Alkyd Coatings Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
4.3.2: European Alkyd Coatings Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
4.4: APAC Alkyd Coatings Market
4.4.1: APAC Alkyd Coatings Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
4.4.2: APAC Alkyd Coatings Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
4.5: ROW Alkyd Coatings Market
4.5.1: ROW Alkyd Coatings Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
4.5.2: ROW Alkyd Coatings Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Alkyd Coatings Market by Resin Type
6.1.2: Growth Opportunities for the Global Alkyd Coatings Market by Process Type
6.1.3: Growth Opportunities for the Global Alkyd Coatings Market by Application
6.1.4: Growth Opportunities for the Global Alkyd Coatings Market by End Use
6.1.5: Growth Opportunities for the Global Alkyd Coatings Market by Region
6.2: Emerging Trends in the Global Alkyd Coatings Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Alkyd Coatings Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Alkyd Coatings Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 3M
7.2: Akzonobel
7.3: Basfe
7.4: Hempel
7.5: Kansai Paints
7.6: Nippon Paints
7.7: PPG Industries
7.8: The Dow Chemical
7.9: The Sherwin-Williams
7.10: Wacker Chemie
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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