알키드 코팅 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

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 2025 to 2031. The major drivers for this market are the burgeoning adoption of alkyd coatings within the marine sector and the expanding utilization of alkyd coatings in the construction sector.

• Lucintel forecasts that, within the resin type category, 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 the end use category, the architecture industry is expected to witness the highest growth over the forecast period due to elevated demand for residential, commercial, and industrial facilities.
• In terms of regions, APAC will remain the largest region over the forecast period due to a rise in the usage of alkyd coatings in the region.

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Emerging Trends in the Alkyd Coatings Market

Emerging trends in the alkyd coatings market are shaping its future applications and market dynamics:

• Sustainability and environmental regulations: Strict environmental regulations are making the alkyd coatings industry more sustainable. There is increasing interest in low-VOC and waterborne systems, which reduce their footprint on the environment and improve indoor air quality. This trend reflects a broader industry move toward greener solutions without compromising performance and addresses the demand for eco-friendly products.
• Technological advancements: Technological advancements are driving the future development of alkyd coatings with a focus on improving drying time, durability, and chemical resistance, among others. Such improvements are particularly relevant to industrial applications where a need exists for high-performance coatings. Also, the incorporation of nanotechnology into alkyd formulas is becoming increasingly popular because it extends the life span of coated surfaces while adding superior protective qualities.
• Biobased raw materials: The alkyd coatings market has witnessed a significant trend toward biobased raw materials. These materials reduce dependency on petrochemicals by using renewable resources such as vegetable oils, which are also in line with global sustainability objectives. This explains why bio-based alkyd coatings have similar performance to conventional ones, further encouraging eco-conservationism for environmentalists and industries.
• Hybrid coatings: There is an increasing development of hybrid alkyd coatings, such as those combining acrylics with other resin technologies like alkyds. These hybrids offer improved performance characteristics, including better adhesion, gloss retention, and weather resistance. They satisfy the need for versatile coatings suitable for various applications, from automotive to architectural sectors, meeting different industry standards.
• Growth in emerging markets: The Asia-Pacific and Latin American regions, in particular, have high growth rates in the alkyd coatings sector. Demand is driven by economic growth, infrastructure projects, and automobile production. To exploit these opportunities, companies are expanding their presence and tailoring regional products based on local requirements, ensuring sustainable market expansion.

Leading concepts in the alkyd coatings market revolve around green formulations and advanced application techniques. These trends define what lies ahead for the industry, with a focus on sustainability combined with improved output levels.

Recent Developments in the Alkyd Coatings Market

Ongoing innovations and advancements in various sectors of the alkyd coatings market have been highlighted by recent developments:

• Low VOC & waterborne formulations: In recent years, considerably low-VOC and waterborne formulations have been developed for use as alkyd coatings. These are environmentally friendly alternatives compliant with strict environmental regulations without compromising on the quality or performance required by customers, clients, or stakeholders who want an eco-friendly option that will not hinder their competitiveness in highly regulated areas of the world. New methods and approaches used nowadays in making waterborne formulations aim to address both environmental issues while retaining the best features inherent in traditional paint formulas that no longer suit modern needs due to rigorous ecological control measures implemented in certain regions.
• Bio-based alkyd resins: Another significant breakthrough is the emergence of bio-based alkyd resins derived from renewable feedstock. These green resins offer alternatives to conventional petrochemical-based materials in line with global sustainability trends. Bio-based alkyd coatings offer equivalent performance and are, therefore, a viable option for environmentally conscious buyers who want a green product that will match the environmental aspects of their organizations.
• Technological integration: Integration of advanced technologies like nanotechnology into alkyd coatings has impacted innovations, such as protection enhancement by nanoparticles, which increase hardness, wearability, and UV stability. This technological integration enables the creation of high-performance coatings specifically for industrial applications, ensuring long-term functionality and protection while meeting projected needs.

Recent highlights in the alkyd coatings market show better physical properties and new ways of making them less environmentally burdensome. These novel ideas are establishing benchmarks for future development in coating technologies.

Strategic Growth Opportunities for Alkyd Coatings Market

Some key strategic growth opportunities for this market include:

• Automotive industry: The automotive industry is one area where strategic opportunities arise from using alkyd coatings because they offer durability at a low cost. For instance, innovative high-performance alkyds have been developed to protect automobile components against corrosion or weathering. These can apply eco-friendly solutions through the use of low-VOC alkyd coatings in line with environmental standards without compromising performance. The architecture industry benefits from the versatility and attractiveness of alkyd coatings. The development of coatings for outdoor use with improved weather resistance and gloss retention has huge potential. Manufacturers can meet the increasing demand for green building materials by focusing on sustainable formulations such as waterborne alkyds, thus aligning themselves with global sustainability trends in construction.
• Marine industry: Opportunities exist for the application of alkyd coatings in marine environments, particularly for protection. Alkyd formulations designed specifically for marine environments provide excellent saltwater and harsh weather resistance. Specific needs must be addressed to make these coatings more durable and longer-lasting, thus meeting the demands of the maritime sector, where long-lasting protection is needed for both vessels and structures.
• Food and beverage industry: Alkyd coatings play an essential role in equipment and packaging applications within the food and beverage industry. Strategic opportunities lie in developing food-safe alkyd coatings that comply with regulatory standards for food contact materials. Innovations in this area can enhance the safety and performance of coatings used in food processing and packaging, addressing industry-specific requirements.
• Appliances: There is an opportunity for alkyd coatings to serve as a protective or aesthetic agent in domestic appliances. Formulating these coatings should focus on high gloss, durability, and resistance to household chemicals. This would enable manufacturers to concentrate on eco-friendly, low-VOC options to meet the needs of consumers who are looking for sustainable coating alternatives that are also high-performing, especially those targeting home appliances, thus enhancing their market competitiveness through improved product appeal.

Alkyd coatings' strategic opportunities are growing with focused applications across industries that boost performance and reduce environmental impacts. These opportunities are fundamental to the growth and innovation of the market.

Alkyd Coatings Market Drivers and Challenges

The market for alkyd coatings worldwide has grown tremendously due to their rise in demand within the construction, automotive, and industrial sectors. These are the best coating materials because of their exceptional durability, adhesiveness, and flexibility, making them usable in several application areas. Manufacturers have thus been changing technology to comply with environmental regulations, leading to the production of more environmentally friendly alkyd coatings through innovations. Still, there are challenges, such as volatility in raw material prices, stringent environmental norms, and competition from other substitutes. These drivers and challenges must be understood by stakeholders to respond effectively to this dynamic sector.

The factors responsible for driving the alkyd coatings market include:

• Environmental regulations: The adoption of low-VOC or environmentally friendly alkyd-based paints is driven by stringent environmental regulations. Such regulations promote formulation sustainability aspects that reduce environmental impact while simultaneously enhancing indoor air quality. Complying with these standards ensures market access and competitiveness in response to increased consumer and regulatory pressures for green products.
• Technological innovations: The performance of alkyd coatings in terms of durability, drying times, chemical resistance, etc., can be boosted by technological innovations. Among such developments is the integration of nanotechnology that makes coated surfaces last much longer, as they have better protective properties than before. These innovations are significant when it comes to meeting the changing needs of industries, meaning there will still be demand for high-performance coatings.
• Market expansion in emerging economies: Demand for alkyd coatings is driven by rapid industrialization and urbanization in emerging economies. There are various opportunities for growth, including expanding infrastructure projects and automotive production in regions such as Asia-Pacific or Latin America. Manufacturers should establish a presence and regionalize their offerings to capitalize on such trends, leading to market expansion.
• Cost-effectiveness: Alkyd-based paints offer a cheaper alternative to other high-performance types, such as epoxy or polyurethane coatings. They are affordable alternatives that offer a balance between cost and functionality, making them applicable across different sectors, from industrial to architectural ones. This means that the product's affordability appeals more to budget-sensitive sectors who continue purchasing it.

Challenges in the alkyd coatings market include:

• Environmental impact: Despite advances in low-VOC formulations, traditional solvent-borne alkyd-based paints still present environmental challenges. Regulatory pressure is further driving efforts toward greener developments through VOC reduction measures, particularly for eco-friendly formulations. Addressing these environmental concerns is essential to winning customer acceptance while complying with evolving regulatory standards.
• Competition from alternative coatings: Epoxy, polyurethane, and acrylics are some of the alternative types of finishes against which alkyds compete, as their application might make sense for certain places because they provide better performance characteristics than most others. It is a challenge for alkyd coatings to be on par with or outperform these alternatives regarding their performance characteristics. Thus, to remain competitive and satisfy various industry needs, continuous innovation is required.
• Price instability of inputs: Basic elements such as oils and polyols, used in alkyd coatings, have fluctuating prices. Variations in input prices affect the overall price levels of alkyd coatings, impacting profit margins and industry competitiveness. Manufacturers continue to face significant challenges in managing such cost fluctuations while ensuring that products remain affordable.
• Adaptation to technology: Alkyd coating formulations require adaptation to fast-changing technologies and incorporation of new entities. Continuous research and development are essential to keep ahead of technology trends, which require significant investments. Therefore, balancing innovation with costs is crucial for maintaining market relevance and competitiveness.

Technological advances and growing needs across various industries will continue to drive growth in the global market for alkyd coatings. Although opportunities abound in this market, regulatory pressure and competition from alternative coatings persist. These issues must be met strategically for stakeholders wishing to exploit the potential within this niche area. Enterprises operating within the ever-changing landscape of the dynamic alkyd coatings industry must anticipate shifts through innovative approaches that ensure sustainable business performance at each growth stage, providing them with key competitive advantages.

List of Alkyd Coatings Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, alkyd coatings companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the alkyd coatings companies profiled in this report include-

• 3M
• AkzoNobel
• BASF
• Hempel
• Kansai Paints
• Nippon Paints
• PPG Industries
• The Dow Chemical
• The Sherwin-Williams
• Wacker Chemie

Alkyd Coatings by Segment

The study includes a forecast for the global alkyd coatings market by resin type, process type, application, end use, and region.

Alkyd Coatings Market by Resin Type [Analysis by Value from 2019 to 2031]:

• Non-Drying Alkyd Resins
• Drying Alkyd Resins
• Semi-Drying Alkyd Resins

Alkyd Coatings Market by Process Type [Analysis by Value from 2019 to 2031]:

• Fatty Acid Process
• Glyceride Process

Alkyd Coatings Market by Application [Analysis by Value from 2019 to 2031]:

• Automotive Refinishing Primers
• Coil Coatings
• Drum And Metal Container Coating
• Electrical Insulating Enamels
• Exterior Trim Paints
• Maintenance Paint
• Packaging
• Others

Alkyd Coatings Market by End Use [Analysis by Value from 2019 to 2031]:

• Automotive Industry
• Architecture Industry
• Marine Industry
• Food And Beverage Industry
• Appliances
• Others

Alkyd Coatings Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Alkyd Coatings Market

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. The image below highlights recent developments by major carbon fiber producers in key regions: the USA, China, Germany, Brazil, and India.

• United States: The alkyd coatings market has witnessed growth in the United States due to increased infrastructure spending, and environmental concerns have encouraged sustainable coating methods. Notably, low VOC technology has been adopted in alkyd formulations to meet stringent environmental safety regulations. Furthermore, companies have invested in research and development to improve the industrial use of alkyds, making them more weather-resistant and resistant to chemicals.
• China: Rapid industrialization and urbanization have boosted the Chinese alkyd coatings industry. To mitigate environmental impact and adhere to regulatory standards, waterborne alkyd coatings have been recently introduced. Partnerships with global players are increasing local manufacturers' production capacities, improving their technological capabilities, and expanding their market coverage to meet rising demand in the building and automotive industries.
• Germany: Germany is seeking innovative ways to make alkyds more sustainable. Some research initiatives have led to bio-based alkyd resins derived from renewable resources, thereby reducing dependency on fossil fuels. The German automobile industry is one of the largest consumers of alkyd coatings, driving the development of durable, high-performance paints that meet stringent requirements set by automakers.
• Brazil: Growth in Brazil's construction sector is driving the expansion of its alkyd-based paints market. New developments focus on advanced formulations with reduced drying time and enhanced weather resistance. Additionally, the Brazilian market is seeing increased use of alkyd coatings for marine protection due to its extensive coastline and maritime activities.
• India: The booming automotive and construction industries in India are driving growth in the alkyd coatings market. Recent trends have focused on adopting high solid content alkyd coatings to increase efficiency and promote environmental stewardship. Manufacturers in India are also exploring hybrid alkyd coatings, which offer improved durability and gloss retention for architectural applications by combining the properties of alkyds and acrylics.

Features of the Global Alkyd Coatings Market

Market Size Estimates: Alkyd coatings market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Alkyd coatings market size by various segments, such as by resin type, process type, application, end use, and region in terms of value ($B).

Regional Analysis: Alkyd coatings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different resin types, process types, applications, end uses, and regions for the alkyd coatings market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the alkyd coatings market.

Analysis of the competitive intensity of the industry based on Porter's Five Forces model.

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This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the alkyd coatings market 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)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market, and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years, and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Alkyd Coatings Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Alkyd Coatings Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Alkyd Coatings Market by Resin Type
  • 3.3.1: Non-Drying Alkyd Resins
  • 3.3.2: Drying Alkyd Resins
  • 3.3.3: Semi-Drying Alkyd Resins
• 3.4: Global Alkyd Coatings Market by Process Type
  • 3.4.1: Fatty Acid Process
  • 3.4.2: Glyceride Process
• 3.5: Global Alkyd Coatings Market by Application
  • 3.5.1: Automotive Refinishing Primers
  • 3.5.2: Coil Coatings
  • 3.5.3: Drum and Metal Container Coating
  • 3.5.4: Electrical Insulating Enamels
  • 3.5.5: Exterior Trim Paints
  • 3.5.6: Maintenance Paint
  • 3.5.7: Packaging
  • 3.5.8: Others
• 3.6: Global Alkyd Coatings Market by End Use
  • 3.6.1: Automotive Industry
  • 3.6.2: Architecture Industry
  • 3.6.3: Marine Industry
  • 3.6.4: Food and Beverage Industry
  • 3.6.5: Appliances
  • 3.6.6: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Alkyd Coatings Market by Region
• 4.2: North American Alkyd Coatings Market
  • 4.2.1: North American Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
  • 4.2.2: North American Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
• 4.3: European Alkyd Coatings Market
  • 4.3.1: European Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
  • 4.3.2: European Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
• 4.4: APAC Alkyd Coatings Market
  • 4.4.1: APAC Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
  • 4.4.2: APAC Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others
• 4.5: ROW Alkyd Coatings Market
  • 4.5.1: ROW Market by Resin Type: Non-Drying Alkyd Resins, Drying Alkyd Resins, and Semi-Drying Alkyd Resins
  • 4.5.2: ROW Market by End Use: Automotive Industry, Architecture Industry, Marine Industry, Food and Beverage Industry, Appliances, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Alkyd Coatings Market by Resin Type
  • 6.1.2: Growth Opportunities for the Global Alkyd Coatings Market by Process Type
  • 6.1.3: Growth Opportunities for the Global Alkyd Coatings Market by Application
  • 6.1.4: Growth Opportunities for the Global Alkyd Coatings Market by End Use
  • 6.1.5: Growth Opportunities for the Global Alkyd Coatings Market by Region
• 6.2: Emerging Trends in the Global Alkyd Coatings Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Alkyd Coatings Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Alkyd Coatings Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: 3M
• 7.2: AkzoNobel
• 7.3: Basf
• 7.4: Hempel
• 7.5: Kansai Paints
• 7.6: Nippon Paints
• 7.7: PPG Industries
• 7.8: The Dow Chemical
• 7.9: The Sherwin-Williams
• 7.10: Wacker Chemie