Modified Alkyd Resin Market 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications

September 26 12:00 2019
Modified Alkyd Resin Market 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications

“Modified Alkyd Resin Market Research Report- Forecast to 2023”
Modified Alkyd Resin Market is segmented into types, application, and regions. On the basis of type, the market is classified into acrylic, silicone, polyurethane, vinyl, and others. Silicone modified alkyd resin offer superior heat resistance and extreme weather durability, they are widely used as a binder for various kind of substrates such as metal and cement.

Improving Living Standards to Boost Modified Alkyd Resin Market

Modified Alkyd Resin Industry Overview

Modified Alkyd Resin Market size is projected to expand at a stellar CAGR from 2017 to 2023 (forecast period), according to a new report by Market Research Future (MRFR). Modified alkyd resins are a combination of polyhydric alcohols with polybasic acids and their anhydrides and are known for displaying exceptional high-performance characteristics. Among the major features, these are water resistant, heat resistant, stain resistant, and glossy and can withstand the extreme weather. These features make modified alkyd resins apt for a number of industries including architecture and automobile.   

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Drivers and Restraints

With rapid urbanization and improved living standards, real estate and automobile sectors have started experiencing an escalation like never before. Moreover, growing wood and packaging industries in developed and developing countries are looking for more durable materials and modified alkyd resins fit the bill perfectly.

Modified alkyd resins are also in demand as a significant component of paints. Rapid urbanization has led to the production of traffic paints, therefore modified alkyd resin is an essential component. It has proved its mettle as furniture coating material as well.

However, many governments are implementing stringent regulations regarding the use of solvents in paintings and this could defer the market growth within the forecasted period.

Industry News

Growth in wood industry, end-use industries, and real estate sector is driving the modified alkyd resins market at present and is expected to experience a robust pace during the forecast period. Manufacturers are investing heavily in research and development, as the industry is undergoing a shift. Greener modified alkyd resins are in, as growing eco-awareness is calling for reducing carbon footprint. Hence, the expenditure hike in research and development sector is predicted to bolster market growth in the coming years.  

Segmentation Analysis

The modified alkyd resin market is segmented by type, application, and region.

By type, the market is segmented into vinyl, polyurethane, silicone, acrylic, and others.  Silicone modified alkyd resin is used as a binder for various kind of metals and cement, as it offers excellent heat resistance and can withstand extreme weather. This is also a popular choice as a coating for chimneys and exterior masonry. The gradual growth in wood, automotive and transportation sectors are also developing as is the need for polyurethane modified alkyd resin in these sectors. 

Major applications include general industry, automotive & transportation, architectural, wood, and others. The structural application generates the maximum revenue due to increasing real estate developments across the globe and is closely followed by automotive & transportation. Rising middle-class population with disposable incomes is also a factor behind the burgeoning automotive & transportation sector. The sector is predicted to showcase highest CAGR during the forecasted period. Other industries, such as chemical, steel, and fertilizer are not lagging behind and are expected to raise the consumption of modified alkyd resins in upcoming years.

Regional Analysis

Geographically, the modified alkyd resin market covers five main regions, namely Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, North America, and Latin America (LATAM). The Asia-Pacific region generates the maximum market revenue owing to its growing economy. The region has factors working in its favor, such as growing purchasing power, moderate regulatory framework, and availability of low-cost raw material & labor. Countries, such as India, Malaysia, China, Vietnam, and, Japan are expected to boost the modified alkyd resin market.

North America closely follows Asia Pacific owing to its large consumer base for various industries and eagerness to revitalize construction & electronics industry over the forecast period, 2017 to 2023. Mexico is expected to register the fastest CAGR during the same period. Latin American countries such as Brazil, Argentina, Venezuela, Guatemala, and Colombia may record an average growth due to implementation of new business model prototypes. Significant investment in real estate in Israel, Qatar, Turkey, the United Arab Emirates (UAE), and Saudi Arabia predicts steady growth in the Middle East and Africa. 

Competition Outlook

Prominent players, affecting the modified alkyd resin market globally, 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.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Modified Alkyd Resin Market

5 Industry Overview Of Global Modified Alkyd Resin Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

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LIST OF TABLES:

Table 1 World Population By Major Regions (2016 To 2023)

Table 2 Global Modified Alkyd Resin Market: By Region, 2016-2023

Table 3 North America Modified Alkyd Resin Market: By Country, 2016-2023

Table 4 Europe Modified Alkyd Resin Market: By Country, 2016-2023

Table 5 Asia-Pacific Modified Alkyd Resin Market: By Country, 2016-2023

Table 7 Middle East & Africa Modified Alkyd Resin Market: By Country, 2016-2023

Table 6 Latin America Modified Alkyd Resin Market: By Country, 2016-2023

Table 8 Global Modified Alkyd Resin By Type Market: By Regions, 2016-2023

Table 9 North America Modified Alkyd Resin By Type Market: By Country, 2016-2023

Table 10 Europe Modified Alkyd Resin By Types Market: By Country, 2016-2023

Table11 Asia-Pacific Modified Alkyd Resin By Type Market: By Country, 2016-2023

Table13 Middle East & Africa Modified Alkyd Resin By Type Market: By Country, 2016-2023

Table12 Latin America Modified Alkyd Resin By Type Market: By Country, 2016-2023

LIST OF FIGURES:

FIGURE 1 Global Modified Alkyd Resin Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Modified Alkyd Resin Market

FIGURE 4 Value Chain Of Global Modified Alkyd Resin Market

FIGURE 5 Share Of Global Modified Alkyd Resin Market In 2016, By Country (In %)

FIGURE 6 Global Modified Alkyd Resin Market, 2016-2023,

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

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