Alkyd Resins Market - Strategic Insights and Forecasts (2026-2031)

The Alkyd Resins market is forecast to grow at a CAGR of 4.1%, reaching USD 3,011.0 million in 2031 from USD 2,464.7 million in 2026.

Increasing demand from the paints and coatings industry for its application in the automobile and construction industries is anticipated to drive the market. Further, electric car sales witnessed a 35% year-on-year increase. Electric cars accounted for around 18% of all cars sold in 2023, according to the International Energy Agency (IEA). In the automotive sector, resins are used due to their durability, excellent gloss retention, and strong adhesion properties. This increasing adoption of automotive coatings is anticipated to contribute significantly to market growth.

Alkyd Resins Market Growth Drivers:

• The growing automotive industry

According to OICA^[1] (International Organization of Motor Vehicle Manufacturers), the production of automotive vehicles has increased 17% in the United Kingdom, 9% in France, and 18% in Germany in 2023 from the previous year. This substantial increase is due to the demand for electric vehicles in the market.

The sales of EVs in Europe have been increasing from 2.7 million in 2022 to 3.2 million in 2023 and are expected to reach 3.4 million in 2024, according to IEA. The automobiles are generally painted with resins that further protect the metal from corrosion and rusting. The production of these vehicles is projected to increase in the future, leading to the alkyd resins market’s growth.

• Rising demand for paints and coatings in the construction industry

The construction and building industry worldwide is showing significant growth. One of the major reasons for this industry's expansion is the growing global urbanization. Urbanization causes the rapid industrialization of the country and region. Following this, in June 2023, Arkema introduced SYNAQUA4856, which is a waterborne alkyd resin made from 97% bio-based raw materials. It is APEO, ammonia, solvent, and plasticizer-free. Another offering is COAPURTM 3020 BB & COAPURTM 817 BB, polyurethane thickeners made from 93% bio-based raw materials. These product offerings ensure circular sourcing and a lower carbon footprint. These are used in paints for interior walls.

Alkyd Resins Market Geographical Outlook:

• The alkyd resins market is segmented into five regions worldwide:

By geography, the alkyd resins market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see notable growth in the alkyd resins market due to increasing consumer electronics, automotive, and construction applications. The Indian electronics industry is one of the most rapidly growing industries. In the past few years, India has captured a sizeable market share in electronics manufacturing. For the country to be a global electronics producer, it is aiming to be a US$1 trillion digital economy, and the electronics market would stand at around US$180 billion by 2025-26.

North America is expected to have a significant market share for phenoxy resins due to their major utilization in the construction and paint industry. The construction industry has been a major part of the country's economy.  According to the U.S. Census Bureau, the new residential construction of housing units started at 1419.9 (in thousands) in 2023.

Alkyd Resins Market Challenges:

• A key challenge when developing alkyd resins is to meet regulatory demands. This creates a price dilemma for manufacturing. Reducing the carbon footprint of alkyds requires high technology, expertise, and hands-on support.

Alkyd Resins Market Product Offerings:

• CHS-ALKYD F 261 X 60 and CHS-ALKYD AKS 261 X 60 – CHS-ALKYD F 261 X 60 and CHS-ALKYD AKS 261 X 60 are offered by Spolchemie. CHS-ALKYD F 261 X 60 is a fast-drying short-oil alkyd resin with anti-corrosion resistance and UV stability. This is designed for protective coating, mechanical properties, hardness, and low yellowing for anti-corrosion coatings. CHS-ALKYD AKS 261 X 60 can be used at low temperatures from 5°C. This alkyd resin is designed for super-fast drying industrial topcoats and anti-corrosion primers.

• Alkyd Resins by Polynt S.p.a-  Polynt S.p.a Offers Alkyd Resins in four major categories based on the percentage of oil content. Short oil resins, with 30-40% oil, are widely used as plasticizers or paints for metal surfaces and mechanical as stove enameling coating for cars. Medium oil resins contain between 45 and 55% oil and are used for the production of quick-drying enamels that are applicable to a brush. The long oil resins, containing 55-70% oil, are mainly used in marine paints or for producing architectural enamels. The very long oil paints, containing more than 70% oil, are used in the construction sector and for printing inks.

Alkyd Resins Market Key Developments:

The major alkyd resins market leaders are DIC Corporation, Umicore, Arkema SA, Spolchemie, D.S.V Chemicals Pvt Ltd., Polynt SpA, and Dow, among others. These players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• January 2026: Arkema announced ISCC PLUS certification at over 70 % of its coating facilities worldwide, enabling expanded sustainable, bio-attributed alkyd and advanced resin offerings with reduced carbon footprints.

• November 2025: Covestro and XRG received final regulatory approval for their strategic partnership, positioning Covestro to scale circular and sustainable resin innovations that can include waterborne and alkyd-related coating technologies.

• July 2025: Arkema achieved ISCC PLUS certification at its Coating Resins facility in Navi Mumbai, India, covering specialty alkyd resins to support bio-attributed, lower-carbon footprint resin solutions for coatings markets in the Asia-Middle East regions.

Alkyd Resins Market Scope: 

Alkyd Resins Market Segmentation:

• By Type

  • Non-drying Alkyd Resins

  • Drying Alkyd Resins

  • Semi-drying Alkyd Resins

  • Others

• By End-use Industry

  • Automotive

  • Construction

  • Electrical & Electronics

  • Aerospace

  • Others

• By Geography

  • North America

    • USA

    • Canada

    • Mexico

  • South America

    • Brazil

    • Argentina

    • Rest of South America

  • Europe

    • United Kingdom

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • Rest of the Middle East and Africa

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Taiwan

    • Thailand

    • Indonesia

    • Rest of Asia-Pacific