Alkyd Resin Market Report 2026

Alkyd Resin Market Overview

• Alkyd Resin market size has reached to $26.41 billion in 2025 • Expected to grow to $37.46 billion in 2030 at a compound annual growth rate (CAGR) of 7.2% • Growth Driver: Automotive Industry Growth Fuels Demand For Durable Coating Solutions • Market Trend: Sustainable Coating Solutions Embrace Bio Based Innovations For A Greener Future • Asia-Pacific was the largest region in 2025 and Latin America is the fastest growing region.

What Is Covered Under Alkyd Resin Market?

Alkyd resin is a synthetic polyester resin derived from polyols (glycerol), dibasic acids (such as phthalic anhydride), and fatty acids (often from natural oils). It is commonly used in paints, coatings, and varnishes due to its excellent durability, adhesion, and gloss retention. Alkyd resins can be modified to vary their properties, such as drying time or hardness, and are typically oil-based, meaning they cure by reacting with oxygen in the air. The main types of alkyd resins are oil-based, modified, water-reducible, and others. Oil-based alkyd resins are synthetic resins made from oil, alcohol, and acid, used in paints and coatings for their durability and flexibility. It includes various resin types such as non-drying alkyd resins, drying alkyd resins, and semi-drying alkyd resins, which are made up of various formulations including high-solids alkyds, waterborne alkyds, modifying alkyds, solvent-borne coatings, powder coatings, and others. These resins find applications in coil coatings, electrical insulating enamels, maintenance paint, automotive refinishing primers, exterior trim paints, packaging, drum and metal container coating, and others, and cater to various end users, including the automotive industry, architecture industry, marine industry, food and beverage industry, appliances, and others.

What Is The Alkyd Resin Market Growth Forecast?

The alkyd resin market size is expected to see strong growth in the next few years. It will grow to $37.46 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to transition toward eco friendly coatings, increasing adoption of water reducible alkyds, rising infrastructure development activities, growth in automotive refinishing applications, advancements in alkyd resin modification technologies. Major trends in the forecast period include low voc alkyd formulations, shift toward waterborne alkyd resins, rising demand for high durability industrial coatings, increased use in maintenance and protective paints, growing adoption of modified alkyd resins.

Global Alkyd Resin Market Segmentation

1) By Type: Oil Based, Modified, Water Reducible, Other Types 2) By Resin Type: Non Drying Alkyd Resins, Drying Alkyd Resins, Semi Drying Alkyd Resins 3) By Formulation Type: High Solids Alkyds, Waterborne Alkyds, Modifying Alkyds, Solvent Borne Coatings, Other Formulation Types 4) By Application: Coil Coatings, Electrical Insulating Enamels, Maintenance Paint, Automotive Refinishing Primers, Exterior Trim Paints, Packaging, Drum And Metal Container Coating, Other Applications 5) By End Use: Automotive Industry, Architecture Industry, Marine Industry, Appliances, Other End Users Subsegments: 1) By Oil Based: Short Oil Alkyds, Medium Oil Alkyds, Long Oil Alkyds 2) By Modified: Soybean Oil Modified Alkyds, Linseed Oil Modified Alkyds, Unsaturated Polyester Modified Alkyds 3) By Water Reducible: Waterborne Alkyd Resins, Water-Dispersible Alkyds 4) By Other Types: High Solids Alkyds, Reactive Alkyds

What Is The Driver Of The Alkyd Resin Market?

The growing automotive industry is expected to propel the growth of the alkyd resin market going forward. The automotive industry refers to the sector involved in designing, producing, and selling motor vehicles, including cars, trucks, and motorcycles. The automotive industry is expanding due to the rising demand for electric vehicles (EVs) as consumers shift towards eco-friendly transportation solutions supported by government incentives. Alkyd resins are essential in the automotive industry due to their excellent durability and high-gloss finish, providing vehicles with long-lasting protection and a visually appealing surface. For instance, in July 2023, according to the Society of Motor Manufacturers and Traders, a UK-based trade association, British car production surged by 11.7% in the first half of 2023, reaching 450,168 units, with plug-in hybrid (PHEV) and battery electric vehicles (BEVs) increasing by 71.6% to a record 170,231 units as of June, marking the fifth consecutive month of growth. Therefore, the growing automotive industry is driving the growth of the alkyd resin industry.

What Is The Driver Of The Alkyd Resin Market?

The growing automotive industry is expected to propel the growth of the alkyd resin market going forward. The automotive industry refers to the sector involved in designing, producing, and selling motor vehicles, including cars, trucks, and motorcycles. The automotive industry is expanding due to the rising demand for electric vehicles (EVs) as consumers shift towards eco-friendly transportation solutions supported by government incentives. Alkyd resins are essential in the automotive industry due to their excellent durability and high-gloss finish, providing vehicles with long-lasting protection and a visually appealing surface. For instance, in July 2023, according to the Society of Motor Manufacturers and Traders, a UK-based trade association, British car production surged by 11.7% in the first half of 2023, reaching 450,168 units, with plug-in hybrid (PHEV) and battery electric vehicles (BEVs) increasing by 71.6% to a record 170,231 units as of June, marking the fifth consecutive month of growth. Therefore, the growing automotive industry is driving the growth of the alkyd resin industry.

Global Alkyd Resin Market Trends and Insights

Major companies operating in the alkyd resin market are focusing on developing innovative solutions, such as bio-based alkyd resins, to enhance product performance and lower environmental impact. Bio-based alkyd resins are alkyds made from renewable plant-based resources, providing a sustainable alternative to traditional petroleum-based resins while maintaining similar performance characteristics. For instance, in March 2023, Groupe Berkem, a France-based chemical manufacturing company, launched a new range of 100% bio-based alkyd resins aimed at the construction paints market, produced by its subsidiary Lixol. These innovative resins are formulated entirely from renewable materials, including vegetable oils and bio-based solvents, eliminating petroleum-derived components. This formulation aims to eliminate petroleum-derived materials, addressing environmental concerns associated with traditional chemical products. The new resins are designed to offer performance characteristics comparable to conventional alkyds, including durability, good drying performance, hardness over time, and resistance to aging.

What Are Latest Mergers And Acquisitions In The Alkyd Resin Market?

In June 2023, Groupe Berkem, a France based provider of bio based chemicals and resin technologies, entered into a joint venture agreement with Groupe Dolidol for an undisclosed amount. With this joint venture, they aim to expand alkyd resin supply capacity into French speaking West Africa and neighboring markets, diversifying regional sourcing and strengthening supply chain resilience for coatings manufacturers. Groupe Dolidol is an Africa-based company specializing in polyurethane foam, bedding, and industrial joinery materials, providing local industrial and distribution capabilities to support the new alkyd resin facility.

Regional Insights

Asia-Pacific was the largest region in the alkyd resin market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Alkyd Resin Market?

The alkyd resin market consists of sales of high solids alkyd resin, styrenated alkyd resin, amino alkyd resin, short oil alkyd resin, and long oil alkyd resin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Alkyd Resin Market Report 2026?

The alkyd resin market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the alkyd resin industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.