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AlkydResin Market report provides details of new recent developments, traderegulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localised market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographical expansions, technological innovations in the market. To gain moreinfo on alkyd resin market contact Data Bridge Market Research for an AnalystBrief, our team will help you take an informed market decision to achievemarket growth.
The alkyd resin market is expected to witness market growthat a rate of 2.5% in the forecast period of 2021 to 2028 and is expected toreach USD 3289.68 million by 2028. Data Bridge Market Research report on alkydresin market provides analysis and insights regarding the various factorsexpected to be prevalent throughout the forecast period while providing theirimpacts on the market’s growth. The rise in the construction sector is escalatingthe growth of alkyd resin market.
Alkyds are known to be formed by polycondensation of fattyacid and dibasic acid. They can be referred to as oil modified polyesterresins. Phthalic anhydride is the generally utilized as dibasic acid in alkydsynthesis. Alkyd resins are the group of synthetic resins. They are alsoutilized in a broad range of applications because of their versatility and lowcost.
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The major players covered in the alkyd resin marketreport are Polynt, Akzo Nobel N.V., Arakawa Chemical Industries, Ltd.,Arkema, BASF SE, Eternal Materials Co., Ltd., Evonik Industries AG, Solvay,Synthomer plc, Mitsui Chemicals, Inc., DSM, MACRO POLYMERS PVT.LTD, Dow,Covestro AG, Huntsman International LLC, The Sherwin-Williams Company, WanhuaChemical Group Co., Ltd., DIC CORPORATION, Wacker Chemie AG, and The NipponSynthetic Chem Industry Co., Ltd., among other domestic and global players.Market share data is available for global, North America, Europe, Asia-Pacific(APAC), Middle East and Africa (MEA) and South America separately. DBMRanalysts understand competitive strengths and provide competitive analysis foreach competitor separately.
Major factors that are expected to boost the growth of thealkyd resin market in the forecast period are the rise in the standard ofliving. Furthermore, the increase in the disposable income of consumers isfurther anticipated to propel the growth of the alkyd resin market. Also, thedevelopment in the urbanization is further estimated to cushion the growth ofthe alkyd resin market. On the other hand, the increase in the price of thecrude oil is further projected to impede the growth of the alkyd resin marketin the timeline period.
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Global Alkyd Resin Market Scope and Market Size
The alkyd resin market is segmented on the basis of resin type,process type, formulation type, application and end use industry. The growthamongst the different segments helps you in attaining the knowledge related tothe different growth factors expected to be prevalent throughout the market andformulate different strategies to help identify core application areas and thedifference in your target markets.
· On the basis of resin type, gloablalkyd resin market is segmented into non-drying alkyd resins, drying alkydresins and semi-drying alkyd resins.
· On the basis of process type, the alkyd resinmarket is segmented into fatty acid process and glyceride process.
· On the basis of formulation type, the alkydresin market is segmented into high-solids alkyds, waterborne alkyds, modifyingalkyds, solvent borne coatings, powder coatings, and others.
· On the basis of application, the alkyd resinmarket is segmented into automotive refinishing primers, coil coatings, drumand metal container coating, electrical insulating enamels, exterior trimpaints, maintenance paint, packaging, and others.
· On the basis of end Use Industry, the alkydresin market is segmented into automotive industry, architecture industry,marine industry, food and beverage industry, appliances and others.
The countries covered in the alkyd resin market report arethe U.S., Canada and Mexico in North America, Germany, France, U.K.,Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europein Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia,Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in theAsia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest ofMiddle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil,Argentina and Rest of South America as part of South America.
Global alkyd resin market competitive landscape providesdetails by competitor. Details included are company overview, companyfinancials, revenue generated, market potential, investment in research anddevelopment, new market initiatives, global presence, production sites andfacilities, production capacities, company strengths and weaknesses, productlaunch, product width and breadth, application dominance. The above data pointsprovided are only related to the companies’ focus related to alkyd resinmarket.
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