Modified Alkyd Resin Market: Global Industry Analysis and Opportunity Assessment

Posted by Priya on July 20th, 2018

Modified Alkyd Resin Market Overview to 2023

Modified Alkyd Resin belongs to special class of Alkyd Resin with enhanced properties. Alkyd Resins are thermoplastic polyester resins which are manufactured by combination of polyhydric alcohols with polybasic acids and their anhydrides. Modified Alkyd Resin provide excellent properties such as superior outdoor durability, excellent adhesion, high gloss, fast drying, and excellent temperature withstand. They are widely utilized in numerous application such as wood, architectural, automotive & transportation, general industry, and others.

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Global Key Players:

Some of the prominent players operating in the Global Modified Alkyd Resin Market are BASF SE (Germany), The Dow Chemical Company (U.S.), Polynt (Italy), Wacker Chemie AG (Germany), PPG INDUSTRIES, INC (U.S.), Mitsui Chemicals Inc. (Japan), Royal Tencate N.V. (the Netherlands), Solvay S.A. (Belgium), Deltech Corporation (U.S.), Synpol Products Private Ltd. (India), Arakawa Chemical Industries,Ltd (India), Henkel AG & Co., KGaA (Germany), Eternal Materials Co.,Ltd. (China), and others.

Regional Analysis:

Asia Pacific emerged as the largest market for the Modified Alkyd Resin followed by North America and Europe in 2016. European countries such as France, Russia, U.K, Spain, Italy, and Germany are predicted to be the prominent consumer markets on account of the developed end use industries and continuously increasing expenditure on innovation and research. Germany is expected to witness the fastest growing market due to rising demand for personal and commercial vehicles such as luxury Cars, buses, and trucks. North America is predicted to witness a significant growth in Modified Alkyd resin Market due to the strong consumer base for numerous industries along with the rising investment to revitalize construction & electronics industry over the forecast period, 2017 to 2023. U.S, Canada, and Mexico are among the prominent contributors in the Modified Alkyd Resin growth of the market and are estimated to register a significant demand for the market over the forecast period.

Intended Audience:
  • Modified Alkyd Resin Manufacturers
  • Traders and Distributors of Modified Alkyd Resin
  • Production Process Industries
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

Segment Analysis:

As per our analysis, some of the important market factors and trends identified in the Global Modified Alkyd Resin are rising construction activities, increasing automobile production and sales, and improved living standards. Moreover, expansion of wood industry in developed and developing countries is predicted to fuel the growth of the market over the forecast period, 2017 to 2023.

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Some other factors attributed to the growth of the market are increasing demand for architectural coatings, continuous growth of end use industries, and favorable governmental regulations. Moreover, heavy investment in construction of residential, commercial, and institutional is expected to fuel the growth of the market over the assessment period, 2017 to 2023. However, stringent regulation implemented on solvent based paints which possess high VOC content is estimated to hamper the growth of the market during the review period.

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Priya

About the Author

Priya
Joined: February 7th, 2018
Articles Posted: 528

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