Saturday , July 31 2021

Alkyd Resin Bazaar, Type – 2023



MarketResearchNest.com N addingGlobal Alkid Resin Market Research Report – Estimating Up to 2023Taban A new report to the research database. The report has spread over more than 138 pages.

Global Alkid Resin Market is estimated to be US $ 2.610 million in 2016 and is expected to reach US $ 3,257.7 million by 2023. The demand for alkyd resins along with the wood veneer is expected to support the growth in the market. Moreover, the increasing demand for automotive refineries can increase market growth due to high insurance costs, the demand for renovation of old vehicles from home exchanges and the increased costs of vehicles.

According to MRFR analysis, the report provides segmentation analysis according to types such as oil-based, modified, water-degradable and others. In addition, the oil-based alkyd resin is subdivided into short oil, medium oil and long oil. Among all types of alkyd resins, oil-based 2016 had significant market shares in the global market with the highest CAGR of 41.8%.%. Long oil directs the alkyd resin sub-segment due to its high strength, gloss retention and flexibility. With superior performance of alkyd resins, they are used in a variety of applications such as building and construction, automotive, industrial, furniture and others. Construction and construction is the fastest growing segment and has a 36.0% market share at the end of 2016. Increased spending on housing and non-residential activities around the world is planned to support growth in the market. However, the preference of referring to water-based resin technology based on less VOC content is likely to offer a lucrative opportunity for market players.

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Regional Analysis

Based on geography, the global alkyd resin market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

Asia Pacific is the leader in the global market with a 36% market share and is expected to reach US $ 1,213.5 million in 2023 due to rapid urbanization and industrialization. An increase in sales of passenger cars in China, South Korea, Japan and India will drive the global alkyd resin market. In addition to the rehabilitation of old paint shops, digital color solution is expected to gain importance and increase the demand for products.

Europe is the second most promising region that is responsible for global market shares of 28% and is expected to grow in a CAGR of 3.04% in the forecast period. Increased environmental concern about VOC emission and high use of cobalt based driers has led to a tendency to shift towards water-based alkyd resins. Moreover, with the large automotive production base, the growing purchasing power of the consumer is expected to mobilize the regional market.

The Middle East and Africa are the fastest growing regions and it is estimated that they will grow at the CAGR level with 3.44% during the evaluation period of 2017-2023. The rising sales of luxury cars in the Middle East and Africa are expected to increase demand for the automotive supply industry. This leads the alkyd resin market.

segmentation

The alkyd resin market is divided by type, end use industry and region. According to the type, the market is based on oil, modified, water-degradable and separated as others. In addition, species are subdivided into short fat, medium fat and long fat.

According to the end-use industry, the market is divided into building and construction, automotive, industry, furniture and others. The building and construction sector is the leader of the global market followed by the automotive industry.

Key players

Some of the major players in the global alkyd resin market Polynt SpA, Nord Composites, Mancuso Chemicals Limited, D.S.V Chemicals Pvt Ltd., Macro Polymers, BASF SE, Spolchemie, DowDuPont Inc., DSM, Arkema SA and Cytech Solvay Group

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Important findings

  • 3.327.7 million US dollars in global alkyd resin market in 2023, 3.32% with CAGR
  • In this market, Asia Pacific emerged as the global market leader of 36% of the global market and is expected to reach US $ 1,213.5 million in 2023.
  • In 2016, China announced the largest revenue of US $ 586.3 million as a single country and is expected to grow with a CAGR of 3.83% over the forecast period.
  • S., China, India, Germany and Mexico are the main countries to be observed in the global alkyd resin market. Rising investments in the architectural coating and furniture segment are expected to increase product demand
  • With the development of water-based latex resins, alkyd resin manufacturers have gained great importance in many industries, such as building and construction, automotive and furniture.

Target audience

  • Alkyd resin manufacturers
  • Traders and distributors of alkyd resin manufacturers
  • Manufacturing process industries
  • Potential investors
  • Raw material suppliers

DC-Description

  • Alkyd paint
  • Plastic resin
  • Long oil alkyd resin
  • Alkyd Resin Properties
  • Alkyd oil
  • Alkyd medium for oil painting
  • Medium oil alkyd
  • Paint resin manufacturers

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