Alkyd Resin Market to Reach USD 6.03 Billion by 2032 as Sustainable Coatings and Hybrid Resins Gain Traction | S&S Insider
Global Demand Driven by Construction, Packaging, and Specialty Industries; Asia-Pacific Leads with 38.29% Market Share, North America Set for Rapid Growth
Austin, Sept. 17, 2025 (GLOBE NEWSWIRE) — Alkyd Resin Market Size & Growth Analysis:
According to S&S Insider, the global Alkyd Resin Market size was valued at USD 4.09 billion in 2024 and is expected to reach USD 6.03 billion by 2032, at a steady CAGR of 4.97% over the forecast period 2025-2032. The U.S. market alone was worth USD 701 million in 2024 and is expected to reach USD 1.03 billion by 2032 growing at a CAGR of 4.7% driven by rising demand for long-lasting emission-compliant coatings in construction and industrial applications.
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Alkyd resins are the backbone of the world coating industry due to their good adhesion, gloss and very competitive in terms of price while retaining all the above-mentioned performance benefits. Increasing construction and infrastructure activities also have fuelled a strong demand for durable decorative coatings especially in residential, institutional and industrial buildings.
The steady demand growth from niche segments like marine, aerospace, and pipelines, which needs the coatings to endure extreme environment, corrosion, and weathering is again driving the market growth. Simultaneously, continued development in hybrid and modified alkyd resins enable manufacturers to provide products possessing more rapid dry and chemical resistance without the performance penalty endured with some lower VOC-compliant materials.
Major Companies in the Alkyd Resin Market Include:
- BASF
- AkzoNobel
- Allnex
- PPG Industries
- Hexion Inc.
- Dow Inc.
- Eastman Chemical Company
- Lubrizol Corporation
- Resinadco
- Shandong Taihe Resin Co. Ltd.
- Hempel
- Lanxess
- Nuplex Industries
- Arkema
- Cray Valley
- Evonik Industries
- Jayant Resin
- Kaneka Corporation
- Synthomer
- Sayerlack
Alkyd Resin Market Report Scope
| Report Attributes | Details |
| Market Size in 2024 | USD 4.09 Billion |
| Market Size by 2032 | USD 6.03 Billion |
| CAGR | CAGR of4.97% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Regional Analysis | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Segmentation Dynamics
By Product Type, Short Oil Alkyds Market Dominated the Market with 48% Share
The market is dominated by short oil alkyds of approximately 48% as they are inexpensive and fast drying and can be used in decorative and industrial coatings. Modified Alkyds s the fastest growing sub-segment owing to the rising need of high-performance coatings in automotive, marine and other specialty applications.
By Process Type, Fatty Acid Process Led the Market with 60% Share
The Fatty Acid Process is the dominant method, accounting for about 60% of production and is the oldest and the less expensive way to obtain resins of consistent quality. Glyceride Process is the largest sub-segment and is the fastest-growing sub-segment due to the production of superior performance alkyd resins for specialty and industrial coatings.
By Formulation Type, High Solids Alkyds Segment Dominated the Market in 2024
High Solids Alkyds continue to dominate at approximately 50% market share due to their low-VOC capabilities and compliance with environmental requirements. The Waterborne Alkyds segment is registering its fastest growth as a result of more stringent environmental regulations and growing use of environment-friendly coatings.
By Application, Paints & Coatings Segment Lead the Market
Paints & Coatings dominate the range accounting for nearly 55% share due to round household name in residential, commercial, and industrial infrastructure. Fastest growth is expected for Adhesives & Sealants, spurred by demand for robust adherence and durability in industrial and packaging applications.
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Key Segments
By Type
- Short Oil Alkyds
- Medium Oil Alkyds
- Long Oil Alkyds
- Modified Alkyds (Urethane-modified, Acrylic-modified, Silicone-modified)
By Process Type
- Fatty Acid Process
- Glyceride Process
By Formulation Type
- High-Solids Alkyds
- Waterborne Alkyds
- Others (Solvent-borne Alkyds, UV-cured Alkyds, Hybrid Alkyds)
By Application
- Paints & Coatings
- Industrial Coatings
- Automotive Coatings
- Decorative Coatings
- Adhesives & Sealants
- Printing Inks
- Varnishes & Enamels
- Others (Marine, Aerospace, Packaging, Pipeline Coatings, Specialty Industrial Coatings)
By Region, Asia Pacific Led the Market with Around 38.29% Share in 2024; North America is the Fastest Growing Region in the Market
Asia Pacific held the largest Alkyd Resin Market Share in 2024, around 38.29% 2024. It is due to rapid urbanization, rising disposable incomes, and expanding residential and commercial construction projects. Consumers in countries like China, India, and Southeast Asian nations are increasingly seeking premium, durable, and aesthetically appealing kitchen and bathroom fixtures.
The North America region is the fastest-growing market. It is owing to rising demand for durable, low-maintenance and great-looking kitchen and bathroom fixtures. Increasing home improvements, the growth of commercial infrastructure projects and a robust hospitality industry are fueling demand for high-end finishes.
Exclusive Sections of the Alkyd Resin Market Report (The USPs)
- SUSTAINABILITY & REGULATORY IMPACT ANALYSIS – Helps you understand the evolving environmental regulations and sustainability mandates affecting alkyd resin production, including VOC limits and green chemistry initiatives, across key global markets.
- INNOVATION & R&D PIPELINE ANALYSIS – Helps you identify emerging alkyd resin formulations and technological breakthroughs driven by key players, highlighting areas of innovation such as bio-based resins and enhanced durability coatings.
- END-USE APPLICATION PROFITABILITY MAPPING – Helps you pinpoint the most lucrative application segments (automotive, industrial coatings, construction) by analyzing profitability trends, demand growth, and margin dynamics.
- SUPPLY CHAIN RESILIENCE & RAW MATERIAL RISK ASSESSMENT – Helps you evaluate the stability and risks associated with critical raw materials like phthalic anhydride and fatty acids, including the impact of geopolitical tensions and trade disruptions on supply continuity.
- DIGITAL & SMART COATINGS ADOPTION INSIGHTS – Helps you uncover the extent of digital technologies and smart coatings integration within alkyd resin applications, highlighting opportunities for innovation and value addition.
- STRATEGIC EXPANSION & PARTNERSHIP TRACKER – Helps you track recent mergers, acquisitions, and partnerships, offering insights into competitive positioning and growth strategies of key market players.
Recent Developments:
- In 2023, Moen launched Lumicoat finishes in polished nickel, champagne bronze, and matte black with Diamond Seal valve technology, enhancing durability and resistance to water spots and stains. This innovation targets consumer demand for low-maintenance, long-lasting faucet finishes.
- In 2022, Delta expanded its Lumicoat finishes to include additional styles and configurations designed to resist mineral buildup and hard water stains, providing consumers with more durable and easy-to-maintain faucet options.
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