Alkyd Coatings Market to step up to make biggest opportunity
Alkyd Coatings Market Outlook 2019-2026:
Global Alkyd
Coatings Market top key players are PPG Industries, 3M Co., AzkoNobel
N.V., BASF SE, Hempel A/S, Kansai Paints Co., Ltd., Nippon Paints Co., Ltd., PPG
Industries, Inc., The Sherwin-Williams Company, The Dow Chemical Company, Wacker
Chemie AG.
Alkyd surface coatings are the most highly
consumed types of coatings used worldwide, despite the increasing use of other
film formers. These coatings can be tailored to meet a variety of end-use
requirements through the choice and ratio of reactants and/or modifiers. Alkyd
resins are polyester-based materials that are typically modified with oil or
fatty acids. They are classified as drying, semi-drying, and non-drying
according to their fatty acid type added to the backbone; and as short oil,
medium oil, and long oil according to the content of fatty acid.
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Low cost of alkyd resins, formulation flexibility, and familiar
utility to end users drive the alkyd coatings market. The development of better
film-forming agents and environmental restraints on the use of solvent-borne
coatings restrict the market growth. Rise in investments in the industrial
sector and preference towards special-purpose coatings are the key
opportunities in the industry.
The report segments the global alkyd coatings market based on
resin type, end-use, formulation, and geography. Based on resin type, the
market is classified into non-drying, drying, and semi-drying alkyd resins. The
end use of these resins include architecture, consumer goods, transportation,
industrial, special-purpose coatings, and others. On the basis of formulation,
the market is categorized into high-solids alkyds, waterborne alkyds, modifying
alkyds, solvent-borne coatings, powder coatings, and others. Geographically, it
is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The significant players operating in the global alkyd coatings
market strategically focus on product launch as their key strategy to gain
significant market share.
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Key Benefits
- This report provides an extensive analysis
of the current trends, emerging estimations, and dynamics in the alkyd
coatings market.
- In-depth analysis of the market and
estimations for key segments between 2017 and 2023 are provided.
- Global industry analysis for factors that
drive and restrain the market growth is provided.
- Alkyd coatings market share for all
segments with respect to geography is detailed in the report.
- Key market players are profiled and their
strategies are analyzed thoroughly to provide a competitive outlook of the
industry trends.
Alkyd Coatings
Market Key Segments:
By Resin Type
- Non-drying
- Drying
- Semi-drying
By End Use
- Architecture
- Consumer Goods
- Transportation
- Industrial
- Special-purpose Coatings
- Others
By Formulation
- High-Solids Alkyds
- Waterborne Alkyds
- Modifying Alkyds
- Solvent-borne Coatings
- Powder Coatings
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
*Other players
in the value chain include:
- Axalta Coating System Ltd.
- Ashland Inc.
- Clariant International Ltd.
- Diamond Vogel Paints
- Jotun A/S
- RPM International, Inc.
- Royal DSM N.V.
- Solvay S.A.
- Sono-Tek Corporation
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