Modified Alkyd Resin Market Trends

ID: MRFR/CnM/3013-HCR

137 Pages

Priya Nagrale

October 2025

Modified Alkyd Resin Market Research Report Information by Type (Acrylic, Silicone, Urethane, Vinyl, Phenolic, Polyamide, and Others), Application (Construction, Automotive & Transportation, Marine, Paints & Coatings, Industrial, Inks, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2035

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Market Trends

Key Emerging Trends in the Modified Alkyd Resin Market

Modified Alkyd Resin market trends reflect the changing coatings and paints industry. Modified Alkyd Resins, cost-efficient and effective, are employed as coating binders. Market demand for eco-friendly and sustainable solutions is rising. As environmental concerns grow, producers are producing Modified Alkyd Resins with lower VOCs and environmental impact. This change supports the industry's efforts to comply with strict rules and satisfy environmentally sensitive consumers.

Technological advances have also shaped market trends. High-performance Modified Alkyd Resins with higher durability, weather resistance, and adhesion have been developed through continuous research. These innovations meet end-user needs, especially in automotive, construction, and furniture, where exceptional coating solutions are essential.

Modified Alkyd Resins markets are also affected by global economic issues. Emerging markets' economic expansion, industrialization, and infrastructure development boost coating and paint demand, which affects Modified Alkyd Resin usage. Asia-Pacific is becoming a major role in manufacturing and consumption. The Modified Alkyd Resin market is driven by rapid industrialization, urbanization, and rising disposable income, which increases demand for high-quality coatings.

Market strategic collaborations and partnerships are also rising. Key players are creating alliances to utilize one other's technological, distribution, and regional strengths. These alliances boost these companies' market presence and encourage innovation and better Modified Alkyd Resin compositions.

Market trends are still shaped by cost. Manufacturers are under pressure to offer affordable, high-quality products. This has led to an emphasis on production process optimization, cost-effective raw materials, and operational efficiency. Thus, Modified Alkyd Resin market competition and cost leadership are rising.

Market Highlights

Author

Priya Nagrale

Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

What would be modified alkyd resin market valuation by 2025?

The modified alkyd resin market valuation would be USD 3557.16 million by 2035.

What would be the modified alkyd resin market CAGR during the forecast period of 2024-2035?

The modified alkyd resin market CAGR would be 3% during the forecast period (2025-2035).

What would be the biggest restraint for the modified alkyd resin market?

The modified alkyd resin market restraint could be shift towards water-borne coatings.

Which region would dominate the modified alkyd resin market?

The Asia Pacific region would enjoy the upper hand in the modified alkyd resin market.

What are type-based segments of the modified alkyd resin market report?

The modified alkyd resin market segments are acrylic, silicone, urethane, vinyl, phenolic, polyamide, and others.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the global Modified Alkyd Resin Market is projected to reach approximately USD 2032 at a CAGR of over 3%. The market is segmented by type into acrylic, silicone, urethane, vinyl, phenolic, polyamide, and others, and by application into construction, automotive & transportation, marine, paints & coatings, industrial, inks, and others. The increasing demand for paints & coatings across various end-use industries, driven by economic growth and rising automobile production, is a key market driver. Emerging economies like India and Brazil present significant growth potential, particularly in construction. However, the shift towards water-borne coatings due to lower VOC content poses a challenge to market growth.

Key Market Trends & Highlights

Key trends influencing the Modified Alkyd Resin Market include rising demand in construction and automotive sectors.

Global production of automobiles was valued at 95,634,593 units in 2018, driving demand for paints & coatings.
Asia-Pacific accounted for the largest market share in 2018, fueled by high demand in automotive and construction.
India's construction market is projected to exhibit a CAGR of 5.6% during the forecast period.
UAE allocated USD 7 billion for infrastructure development for World Expo 2020, boosting demand for modified alkyd resin.

Modified Alkyd Resin Market

CAGR

Over 3%

Market Size & Forecast

Market Size	USD 2032
CAGR	Over 3%
Largest Regional Market Share in 2018	Asia-Pacific
Key Growth Drivers	Demand in construction and automotive sectors.

Major Players

Key players include BASF SE (Germany), Dow (US), Polynt (Italy), Wacker Chemie AG (Germany), PPG Industries, Inc (US), Mitsui Chemicals, Inc. (Japan), MACRO POLYMERS (India), Arakawa Chemical Industries, Ltd. (Japan), Deltech Corporation (US), Synpol Products Private Limited (India), and Uniform Synthetics (India).

Market Trends

Modified Alkyd Resin Market Market Drivers

Expansion in Emerging Economies

Emerging economies are playing a pivotal role in the expansion of the Global Modified Alkyd Resin Market Industry. Countries such as India and Brazil are witnessing rapid industrialization and urbanization, leading to increased construction activities. This trend is expected to drive the demand for modified alkyd resins, particularly in architectural coatings. The market's growth potential in these regions is significant, as they are projected to contribute substantially to the overall market value, which is expected to reach 5120 USD Million by 2035. This expansion suggests a favorable environment for manufacturers and suppliers in the modified alkyd resin sector.

Growing Demand in Coatings and Paints

The Global Modified Alkyd Resin Market Industry is experiencing a surge in demand, particularly within the coatings and paints sector. This growth is attributed to the increasing preference for eco-friendly and durable coatings that modified alkyd resins provide. These resins offer excellent adhesion, flexibility, and weather resistance, making them suitable for various applications. As of 2024, the market is valued at approximately 3250 USD Million, reflecting a robust interest in sustainable materials. The anticipated growth in construction and automotive industries further fuels this demand, indicating a positive trajectory for the market.

Diverse Applications Across Industries

The versatility of modified alkyd resins is a key driver for the Global Modified Alkyd Resin Market Industry. These resins find applications across a multitude of sectors, including automotive, marine, and industrial coatings. Their ability to provide excellent adhesion, gloss retention, and resistance to chemicals makes them suitable for various end-use applications. As industries continue to seek high-performance materials, the demand for modified alkyd resins is expected to grow. This diverse applicability not only enhances market resilience but also opens new avenues for growth in different industrial segments.

Regulatory Support for Sustainable Materials

Regulatory frameworks promoting the use of sustainable materials are significantly influencing the Global Modified Alkyd Resin Market Industry. Governments worldwide are implementing stringent regulations aimed at reducing volatile organic compounds (VOCs) in coatings and paints. Modified alkyd resins, known for their lower VOC emissions compared to traditional resins, are becoming increasingly favored. This regulatory support not only encourages manufacturers to innovate but also aligns with global sustainability goals. As a result, the market is likely to witness a steady increase in demand, further solidifying its position in the coatings industry.

Technological Advancements in Resin Production

Technological advancements in the production of modified alkyd resins are enhancing their performance characteristics and expanding their applications. Innovations in formulation and manufacturing processes are leading to resins with improved drying times, durability, and resistance to environmental factors. These advancements are crucial for the Global Modified Alkyd Resin Market Industry, as they enable manufacturers to meet the evolving demands of various sectors, including automotive, marine, and industrial coatings. The continuous improvement in resin technology is likely to sustain market growth, contributing to a compound annual growth rate of 4.22% from 2025 to 2035.

Market Segment Insights

Regional Insights

Key Companies in the Modified Alkyd Resin Market market include

Industry Developments

Q2 2024: BASF expands alkyd resin production capacity at Ludwigshafen site BASF announced the expansion of its alkyd resin production facility in Ludwigshafen, Germany, to meet growing demand from the coatings and paints industry. The new capacity is expected to come online in late 2024.
Q1 2024: PPG launches new low-VOC modified alkyd resin for industrial coatings PPG Industries introduced a new line of low-VOC modified alkyd resins designed for industrial coatings, targeting stricter environmental regulations and improved performance for customers in Europe and North America.
Q3 2024: AkzoNobel partners with Covestro to develop bio-based modified alkyd resins AkzoNobel announced a strategic partnership with Covestro to co-develop bio-based modified alkyd resins for sustainable paint and coating applications, aiming to reduce carbon footprint and enhance product sustainability.
Q2 2025: Sherwin-Williams opens new R&D center focused on alkyd resin innovation Sherwin-Williams inaugurated a new research and development center in Cleveland, Ohio, dedicated to advancing alkyd resin technologies, with a focus on modified resins for high-performance coatings.
Q1 2025: Arkema acquires specialty alkyd resin producer Polynt’s coatings division Arkema completed the acquisition of Polynt’s coatings division, strengthening its portfolio in modified alkyd resins and expanding its presence in the European coatings market.
Q4 2024: Dow introduces waterborne modified alkyd resin for architectural paints Dow launched a new waterborne modified alkyd resin aimed at the architectural paints segment, offering improved drying times and reduced environmental impact.
Q2 2024: Hexion invests in new alkyd resin manufacturing line in China Hexion announced an investment in a new manufacturing line for alkyd resins at its Nanjing, China facility, targeting increased demand in the Asia-Pacific region.
Q3 2025: Evonik unveils next-generation modified alkyd resin for marine coatings Evonik launched a next-generation modified alkyd resin specifically formulated for marine coatings, providing enhanced corrosion resistance and durability.
Q1 2024: Allnex announces partnership with Nippon Paint for alkyd resin supply Allnex entered into a supply partnership with Nippon Paint to provide modified alkyd resins for use in decorative and industrial coatings across Asia.
Q2 2025: Axalta launches eco-friendly modified alkyd resin for automotive refinishing Axalta introduced a new eco-friendly modified alkyd resin designed for automotive refinishing applications, emphasizing reduced VOC emissions and improved application properties.
Q4 2024: Kansai Paint opens new alkyd resin plant in India Kansai Paint inaugurated a new alkyd resin manufacturing plant in Gujarat, India, to support growing demand in the South Asian coatings market.
Q3 2024: Valspar debuts high-solids modified alkyd resin for industrial wood coatings Valspar launched a high-solids modified alkyd resin tailored for industrial wood coatings, offering improved coverage and reduced solvent emissions.

Future Outlook

Modified Alkyd Resin Market Future Outlook

The Global Modified Alkyd Resin Market is projected to grow at a 4.22% CAGR from 2024 to 2035, driven by increasing demand in coatings and adhesives sectors.

New opportunities lie in:

Invest in bio-based alkyd resins to meet sustainability demands.
Develop high-performance coatings for automotive applications.
Expand distribution networks in emerging markets to capture new customers.

By 2035, the market is expected to demonstrate robust growth and innovation, solidifying its competitive landscape.

Market Segmentation

Report Scope

Attribute/Metric	Details
Market Size	2032: Significant value
CAGR	3%
Base Year	2023
Forecast Period	2024-2032
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, Application and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	BASF SE (Germany), Dow (US), Polynt (Italy), Wacker Chemie AG (Germany), PPG Industries, Inc (US), Mitsui Chemicals, Inc. (Japan), MACRO POLYMERS (India), Arakawa Chemical Industries, Ltd. (Japan), Deltech Corporation (US), Synpol Products Private Limited (India), and Uniform Synthetics (India).
Key Market Opportunities	The increasing demand for paints & coatings across the various end-use industries
Key Market Drivers	The increasing demand for paints & coatings across the various end-use industries