Product Code: ETC096163 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India alkyd resins marketis estimated to grow at a CAGR of 5.6% during the forecast period. The growing demand for paints & coating products, especially in automotive and construction industry along with increasing use of alkyd resins as binders in waterborne coatings are driving the growth of the India Alkyd Resins Market. Moreover, economic development and rising disposable income has increased spending on consumer goods which further fuels up the demand for alkyd resins. However high cost of raw materials used for production coupled with environmental impact due to usage will be some of the major challenges faced by this market during its forecast period.
Increasing Demand For Paints & Coatings - Growing industrialization across various sectors such as automotive, construction etc., along with surging investments in infrastructural activities have boosted up the demand for paints & coatings thereby driving up the demand for alkyds resins as they are widely used as binder component in these formulations. Increasing consumer preferences towards eco-friendly coatings has also led to adoption rate of water based paints & coatings that use alkyds resin as a binding agent which boosts up their consumption manifold times over traditional solvent based solutions thus giving an impetus to this market???s growth prospects ahead.
High Cost Of Raw Materials - Production costs involved while manufacturing these polymers are very high due mainly because of expensive raw materials such as phthalic anhydride, glycerol, linseed oil and maleic anhydride among others that form principal components used while preparing them leading to their heightened prices making it difficult sometimes even unviable option when compared against other substitutes available like acrylics or epoxies thus posing a challenge before this markets players who try hard not just maintaining but expanding their customer base despite higher price tags attached with them hindering its potential reach amongst end user customers like Automotive or Construction industries where budgets are quite tight and margins low henceforth limiting its overall potential opportunities worldwide including India too whenever budget constraints come into play
The major players in the India Alkyd Resins Market are PPG Industries, Kansai Paint, Allnex, Nuplex Industries Limited, CNPC-Huajin Chemical Co. Ltd., DIC Corporation, DSM Technical Resins BV (DSM), Royal Dutch Shell plc., BASF SE and Arkema Group.These companies have adopted various strategies such as product launches & developments, mergers & acquisitions and partnerships to strengthen their position in the global alkyd resins market. For instance, in January 2025, Allnex Belgium SA/NV launched a new waterborne polyester alkyd resin technology for interior wood coatings applications which offers excellent gloss stability with a high level of scratch resistance.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Alkyd resins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Alkyd resins Market Revenues & Volume, 2021 & 2031F |
3.3 India Alkyd resins Market - Industry Life Cycle |
3.4 India Alkyd resins Market - Porter's Five Forces |
3.5 India Alkyd resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Alkyd resins Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Alkyd resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Alkyd resins Market Trends |
6 India Alkyd resins Market, By Types |
6.1 India Alkyd resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Alkyd resins Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 India Alkyd resins Market Revenues & Volume, By Oil Based, 2018 - 2031F |
6.1.4 India Alkyd resins Market Revenues & Volume, By Modified, 2018 - 2031F |
6.1.5 India Alkyd resins Market Revenues & Volume, By Water Reducible, 2018 - 2031F |
6.1.6 India Alkyd resins Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 India Alkyd resins Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Alkyd resins Market Revenues & Volume, By Building & Construction, 2018 - 2031F |
6.2.3 India Alkyd resins Market Revenues & Volume, By Automotive, 2018 - 2031F |
6.2.4 India Alkyd resins Market Revenues & Volume, By Industrial, 2018 - 2031F |
6.2.5 India Alkyd resins Market Revenues & Volume, By Furniture, 2018 - 2031F |
6.2.6 India Alkyd resins Market Revenues & Volume, By Others, 2018 - 2031F |
7 India Alkyd resins Market Import-Export Trade Statistics |
7.1 India Alkyd resins Market Export to Major Countries |
7.2 India Alkyd resins Market Imports from Major Countries |
8 India Alkyd resins Market Key Performance Indicators |
9 India Alkyd resins Market - Opportunity Assessment |
9.1 India Alkyd resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Alkyd resins Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Alkyd resins Market - Competitive Landscape |
10.1 India Alkyd resins Market Revenue Share, By Companies, 2024 |
10.2 India Alkyd resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |