Market Overview:
The global alkyd coatings market is estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period. The growth of the market can be attributed to the increasing demand for alkyd coatings from various end-use industries such as architecture, transportation, industrial, and others. In addition, the growing awareness about the benefits of using alkyd coatings is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis on type: Non-Drying Alkyd Coatings accounted for majority share in 2017 and it will continue its dominance over next 10 years with highest CAGR due to its properties like corrosion resistance & chemical resistance which are highly demanded by end user industries specially transportation sector . Drying Alkyd Coatings will grow with moderate rate due high performance characteristics such as hardness , adhesion & abrasion resistance . Whereas Semi-Drying Alkyds are used where faster drying time is required or when thinner films are desired . On basis on application: Architecture segment dominated global alkyd coatings demand with highest share in 2017 followed by Consumer Goods Segment .
Product Definition:
An alkyd coating is a type of paint that is made from oil and resin. It is important because it can be used to protect metal and wood from corrosion and decay.
Non-drying:
Non-drying is a process in which the drying time of coating is reduced by preventing or decreasing evaporation of volatile components. This can be done by increasing the content of water-soluble polymers, reducing the molecular weight, using microcapsules with oil droplets or through other methods.
The major factor that propels growth for non-drying alkyd coatings market includes growing demand from end-use industries such as construction.
Drying:
Drying is the removal of water from a solution or mixture by evaporation at a temperature lower than the boiling point of water. In alkyd coating industry, drying is used to remove moisture in the air during storage and transportation. It helps in increasing coating durability and shelf life.
Application Insights:
The application segment includes architecture, consumer goods, transportation, industrial, special-purpose coatings and others. The architectural segment led the global market in 2017 and is projected to continue leading over the forecast period. Increasing construction activities in emerging economies such as China India and Brazil are expected to drive product demand for architectural applications globally.
The growth of the automotive industry especially in countries like India China South Korea Japan has increased significantly over the past few years which is expected to further increase product demand from this sector globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and GDP, which will result in high product penetration. Rapid industrialization coupled with increasing foreign investments in construction, automotive, marine and others industries are likely to drive the market growth over the next eight years.
Europe accounted for more than 25% of global volume share owing to growing demand from Germany, Italy, France and U.K., among other countries that are highly regulated when it comes to coatings usage because of environmental concerns or legal issues such as banned chromium-based paints or lead-based paint regulations that affect manufacturers' raw material costs significantly. These factors have led Europe's alkyd coatings industry being relatively less competitive on account of higher raw material costs compared to North America or Asia Pacific regions despite government support aimed at reducing dependence on Russia for natural gas imports (EUROFER 2014).
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of alkyd coatings in architectural applications
- Rising demand for low-VOC and waterborne coatings
- Technological advancements in alkyd coating formulations
- Growing awareness about the benefits of alkyd coatings among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Alkyd Coatings Market Research Report
By Type
Non-drying, Drying, Semi-drying
By Application
Architecture, Consumer Goods, Transportation, Industrial, Special-purpose Coatings, Others
By Companies
PPG, 3M, AzkoNobel, BASF, Hempel, Kansai Paint, Nippon Paint, Wacker, Sherwin-Williams, Dow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Alkyd Coatings Market Report Segments:
The global Alkyd Coatings market is segmented on the basis of:
Types
Non-drying, Drying, Semi-drying
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture, Consumer Goods, Transportation, Industrial, Special-purpose Coatings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG
- 3M
- AzkoNobel
- BASF
- Hempel
- Kansai Paint
- Nippon Paint
- Wacker
- Sherwin-Williams
- Dow
Highlights of The Alkyd Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-drying
- Drying
- Semi-drying
- By Application:
- Architecture
- Consumer Goods
- Transportation
- Industrial
- Special-purpose Coatings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alkyd Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alkyd coatings are a type of paint that use alkyds as the main pigment. Alkyds are a type of oil, and they contain molecules that include carbon and hydrogen. These molecules form long chains when they react with other substances, which is what gives alkyd coatings their characteristic viscosity.
Some of the key players operating in the alkyd coatings market are PPG, 3M, AzkoNobel, BASF, Hempel, Kansai Paint, Nippon Paint, Wacker, Sherwin-Williams, Dow.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alkyd Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Alkyd Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Alkyd Coatings Market - Supply Chain
4.5. Global Alkyd Coatings Market Forecast
4.5.1. Alkyd Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Alkyd Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Alkyd Coatings Market Absolute $ Opportunity
5. Global Alkyd Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Alkyd Coatings Market Size and Volume Forecast by Type
5.3.1. Non-drying
5.3.2. Drying
5.3.3. Semi-drying
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Alkyd Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Alkyd Coatings Market Size and Volume Forecast by Application
6.3.1. Architecture
6.3.2. Consumer Goods
6.3.3. Transportation
6.3.4. Industrial
6.3.5. Special-purpose Coatings
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Alkyd Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Alkyd Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Alkyd Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Alkyd Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Alkyd Coatings Demand Share Forecast, 2019-2029
9. North America Alkyd Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Alkyd Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Alkyd Coatings Market Size and Volume Forecast by Application
9.4.1. Architecture
9.4.2. Consumer Goods
9.4.3. Transportation
9.4.4. Industrial
9.4.5. Special-purpose Coatings
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Alkyd Coatings Market Size and Volume Forecast by Type
9.7.1. Non-drying
9.7.2. Drying
9.7.3. Semi-drying
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Alkyd Coatings Demand Share Forecast, 2019-2029
10. Latin America Alkyd Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Alkyd Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Alkyd Coatings Market Size and Volume Forecast by Application
10.4.1. Architecture
10.4.2. Consumer Goods
10.4.3. Transportation
10.4.4. Industrial
10.4.5. Special-purpose Coatings
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Alkyd Coatings Market Size and Volume Forecast by Type
10.7.1. Non-drying
10.7.2. Drying
10.7.3. Semi-drying
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Alkyd Coatings Demand Share Forecast, 2019-2029
11. Europe Alkyd Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Alkyd Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Alkyd Coatings Market Size and Volume Forecast by Application
11.4.1. Architecture
11.4.2. Consumer Goods
11.4.3. Transportation
11.4.4. Industrial
11.4.5. Special-purpose Coatings
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Alkyd Coatings Market Size and Volume Forecast by Type
11.7.1. Non-drying
11.7.2. Drying
11.7.3. Semi-drying
11.8. Basis Point Share BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Alkyd Coatings Demand Share, 2019-2029
12. Asia Pacific Alkyd Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Alkyd Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Alkyd Coatings Market Size and Volume Forecast by Application
12.4.1. Architecture
12.4.2. Consumer Goods
12.4.3. Transportation
12.4.4. Industrial
12.4.5. Special-purpose Coatings
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Alkyd Coatings Market Size and Volume Forecast by Type
12.7.1. Non-drying
12.7.2. Drying
12.7.3. Semi-drying
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Alkyd Coatings Demand Share, 2019-2029
13. Middle East & Africa Alkyd Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Alkyd Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Alkyd Coatings Market Size and Volume Forecast by Application
13.4.1. Architecture
13.4.2. Consumer Goods
13.4.3. Transportation
13.4.4. Industrial
13.4.5. Special-purpose Coatings
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Alkyd Coatings Market Size and Volume Forecast by Type
13.7.1. Non-drying
13.7.2. Drying
13.7.3. Semi-drying
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Alkyd Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Alkyd Coatings Market: Market Share Analysis
14.2. Alkyd Coatings Distributors and Customers
14.3. Alkyd Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PPG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AzkoNobel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hempel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kansai Paint
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Paint
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wacker
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sherwin-Williams
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dow
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
