About Alkyd Resin-
Alkyd resins are vegetable oil or fatty acid-modified low molecular weight polyesters derived by the condensation reaction of polyhydric alcohols, monobasic and polybasic acids, vegetable oils, and fatty acids. Alkyd resins are organic polyesters. They are derived from a polybasic acid, and a polyhydric alcohol. They are widely used to make protective coatings due to their advanced weather resistance capabilities. Alkyd resin represent a preferred option for processing various materials for exterior and interior use which drives the market growth.
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Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arkema, BASF – United States, Solvay, Synthomer plc., Mitsui Chemicals America, Inc., Wanhua Chemical Group Co., Ltd, Spolchemie, Evonik Industries, SAE Manufacturing Specialties Corp, ASK Chemicals LP, US Polymers-Accurez, LLC, Chroma Color Corporation, Von Roll USA, Inc. and Macro Polymers NA, LLC are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Alkyd Resin- market by Type (Non-Drying Alkyd Resins, Drying Alkyd Resins and Semi-Drying Alkyd Resins), Application (Architectural, Industrial, Automotive, Marine and Others) and Region.
On the basis of geography, the market of Alkyd Resin- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Formulation Type, the sub-segment i.e. High-Solids Alkyds will boost the Alkyd Resin- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Fatty Acid Process will boost the Alkyd Resin- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Fluctuating Crude Oil Prices Fuel the Alkyd Resin Market
Market Growth Drivers:
Huge Demand for Automotive Refinish, Increasing Demand for Paints and printing ink and Growing Revenue in the Demand for High-Quality Paint and Varnishes
Growing Concerns over the Removal of Solid Content from Coating Products
Poor Chemical Resistance As Compared To Alkyd Resin and Environmental Limitations of Using Solvent Based Coating
Growing Investments in the Development of Combination Properties and Increased Infrastructure Development
Market Leaders and their expansionary development strategies
On June 2021, Chroma Color Corporation has acquired Color Resource LLC, a manufacturer of Color concentrates for the telecommunications, fiber, building, electronics, and specialty wire markets. Color Resource’s manufacturing plant is located in Leominster, Massachusetts. This acquisition significantly expands Chroma Color Corporation’s current product offerings in the wire and cable marketplace and other key market segments.
On January 2022, Evonik launches a new plasticizer for durable products, a cyclohexanone, which is characterized by a combination of many sought-after properties, such as excellent low-temperature flexibility, and high UV resistance; thus contributing significantly to the weather resistance and durability of the products made from it. ELATUR® DINCD is easy to process due to its low viscosity and is particularly suitable for demanding exterior and interior applications, such as textile fabrics, roofing membranes, floor coverings, adhesives, and sealants, as well as paints and coatings.
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.