According to a market report by Lucintel, the future of the global alkyd coatings market looks promising with opportunities in the automotive industry, architecture industry, marine industry, food and beverage industry, and appliances markets. The global alkyd coatings market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are the burgeoning adoption of alkyd coatings within the marine sector and expanding utilization of alkyd coatings in the construction sector.
A more than 150-page report to understand trends, opportunity and forecast in alkyd coatings market to 2030 by resin type (non-drying alkyd resins, drying alkyd resins, and semi-drying alkyd resins), process type (fatty acid process and glyceride process), application (automotive refinishing primers, coil coatings, drum and metal container coating, electrical insulating enamels, exterior trim paints, maintenance paint, packaging, and others), end use (automotive industry, architecture industry, marine industry, food and beverage industry, appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that non-drying alkyd resins will remain the largest segment over the forecast period due to the rising need for non-drying alkyd resins as supplementary components in coatings.
Within this market, architecture industry is expected to witness highest growth over the forecast period due to elevated demand for residential, commercial, and industrial facilities.
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APAC will remain the largest region over the forecast period due to rise in usage of alkyd coatings in the region.
3M, Akzonobel, BASF, Hempel, Kansai Paints, Nippon Paints, Ppg Industries, The Dow Chemical, The Sherwin-Williams, Wacker Chemie are the major suppliers in the alkyd coatings market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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