Global Alkyd Resin Market Size, Growth Analysis Report, Forecast to 2027


Posted September 18, 2021 by danishahmed

The global Alkyd Resin market is anticipated to showcase a considerable CAGR during the forecast period.

 
The global Alkyd Resin market is anticipated to showcase a considerable CAGR during the forecast period. The increasing use of Alkyd Resin coating in end-user industry owing to its inherent or modified chemical properties is making a significant contribution towards the growth of the Alkyd Resin market across the globe. Alkyd Resins are the poly compound that belongs to the family of thermosetting polyesters. The polymer structure of the Alkyd Resins makes them a preferred choice for the preparation of enamels and paints with different specific characteristics. These compounds are assumed to be highly flexible and adaptable to the final needs of the producer
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Alkyd Resin market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The rising demand for aesthetic appearance, high-quality performance, along with low-cost product for coating purpose is the major factor appealing the demand for acrylic resin, which in turn is driving the growth of the global Alkyd Resin market. Alkyd Resins belong to the family of thermosetting polyester and are formed by the condensation reaction of oil or fatty acid, acid and polyol. The advanced weathering capabilities of Alkyd Resin make them suitable to manufacture protective coating. In addition, the wide spectrum of acceptable properties in terms of surface coating usage and easy modification for specialist applications owing to their compatibility with most substances used in surface coating including polymeric materials make them an appropriate choice for painting and coating application. Polyamide alkyds, phenolic alkyds, silicone alkyds, urethane alkyds, and vinylated alkyds are the majorly available modification of the Alkyd Resin. The rising use of modified Alkyd Resin in different industrial applications is anticipated to drive the growth of the global Alkyd Resin market.

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Market Segmentation

Global Alkyd Resin Market by Class

 Long Alkyd Resin
 Medium Alkyd Resin
 Short Alkyd Resin

Global Alkyd Resin Market by End-User Industry

 Building & Construction
 Furniture
 Automotive
 Others

Company Profiles

 Macro Polymers Pvt. Ltd.
 Mancuso Chemicals Ltd.
 Nord Composites SA
 OPC Polymers
 Polynt SpA
 Solvay S.A.
 Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG
 The Dow Chemical Co.
 The Cary Company


Global Market– Segmentation by Region
North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America


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Issued By Danish Ahmed
Phone +917803040404
Country India
Categories Business
Tags global alkyd resin market
Last Updated September 18, 2021