Allied Market Research

Global Alkyd Coatings Market - Opportunity Analysis and Industry Forecast, 2017-2023

This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the alkyd coatings market.

 

Pune, Maharashtra -- (SBWIRE) -- 08/24/2017 -- 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.

Alkyd Coatings Market Key Segments:

By Resin Type

- Non-drying
- Drying
- Semi-drying

By End Use

- Architecture
- Consumer Goods
- Transportation
- Industrial
- Special-purpose Coatings

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By Formulation

- High-Solids Alkyds
- Waterborne Alkyds
- Modifying Alkyds
- Solvent-borne Coatings
- Powder Coatings

key players in this market:

- PPG Industries
- 3M Co.
- AzkoNobel N.V.
- BASF SE
- Hempel A/S
- Kansai Paints Co., Ltd.
- Nippon Paints Co., Ltd.
- PPG Industries, Inc.