The global alkyd resin market is anticipated to showcase a considerable CAGR during the forecast period. The increasing use of alkyd resin coating in end-user industry owing to its inherent or modified chemical properties is making a significant contribution towards the growth of the alkyd resin market across the globe. Alkyd resins are the poly compound that belongs to the family of thermosetting polyesters. The polymer structure of the alkyd resins makes them a preferred choice for the preparation of enamels and paints with different specific characteristics. These compounds are assumed to be highly flexible and adaptable to the final needs of the producer.
Browse the full report description Global Alkyd Resin Market Size, Share & Trends Analysis Report by Class (Long Alkyd Resin, Medium Alkyd Resin, and Short Alkyd Resin) by End-User Industry (Building & Construction, Furniture, Automotive, Others) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/alkyd-resin-market
The ability of alkyd resins to get quickly modified by reaction with species containing isocyanates group improves their film hardness and durability making them suitable for better wood finish and quick-drying paints for high-performance applications. Therefore, the growing furniture industry due to rising income level, inclination towards a sedentary lifestyle, and rising construction activities are anticipated to drive the demand of alkyd resins in the construction industry. In the modification of alkyd resin with the nitrocellulose, alkyd resin acts as a resinous plasticizer that imparts flexibility, adhesion, and gloss to the nitrocellulose.
The modified alkyd resin is suitable for use in the coating of automotive lacquers, and traffic paints. The growing automotive industry across the globe is making a huge contribution to the growth of the global alkyd resin market. When modified with chlorinated rubber, the product exhibit improved adhesion, toughness, drying rate, durability, and excellent resistance to the acid, alkali, and water. Therefore, the chlorinated rubber modified alkyd resins are used in road marking paints, concrete floor paints, and swimming pool paints.
In addition, the alkyd resins can be modified by the use of silicon resin. The low molecular weight of siloxane offer alkyd resin with highly improved durability increased heat resistance, and high gloss retention. The modified product exhibit suitable characteristics for use in the exterior paints in buildings. Phenolic resin-modified alkyd resin offers excellent gloss retention, durability, and better resistance to the water, acid, and alkali. These properties of the final product make it acceptable in undercoat application and primers. Therefore, the easy modification of the alkyd resin with different chemical compounds to enhance its chemical properties is anticipated to promote the growth of the alkyd resin market during the forecast period.
Global Alkyd Resin Market Segmentation
By Class
By End-User Industry
Global Alkyd Resin Market Segmentation- by region
North America
Europe
Asia-Pacific
Rest of the World
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