Asia-Pacific alkyd resin market is expected to reach USD 5,341.71 million by 2030 from USD 3,914.60 million in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Alkyd Resin Market, By Resin Type (Non-Drying Alkyd Resin, Drying Alkyd Resin, and Semi-Drying Alkyd Resin), By Process Type (Fatty Acid Process and Glyceride Process), Class (Long Alkyd Resin, Medium Alkyd Resin, and Short Alkyd Resin), Formulation Type (Modifying Alkyds, Waterborne Alkyds, Solvent Borne Coatings, High-Solids Alkyds, Powder Coatings, and Others), Application (Building & Construction, Automotive OEM Coatings, Electrical Equipment, Furniture & Dcor, Metal Coatings, Automotive Refinish Coatings, Coil Coatings, and Packaging), End Use Industry (Construction & Architecture Industry, Automotive Industry, Electronics Industry, Aerospace Industry, Marine Industry, and Others), Country (China, India, Japan, South Korea, Australia, Indonesia, Singapore, Malaysia, Philippines, New Zealand, Thailand, Hong Kong, Taiwan, and rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Alkyd Resin Market Dynamics:
Driver
Growing disposable income and lifestyle of consumers
Restrain
Availability of substitutes for alkyd resins
Opportunity
Growing demand for sustainable coating in the market
Market Players:
Some of the key players operating in the Asia-Pacific alkyd resin market are:
Covestro AG
Uniform Synthetics
Synthopol
Arkema
BASF SE
Allnex GMBH
D.S.V Chemcials Pvt Ltd
Ratnaka Resins Pvt. Ltd.
Hempel A/S
Neo-Pack Plast
POLYNT SPA
Krishna Resins & Pigments Pvt. Ltd.
Arakawa Chemical Industries, Ltd.
MACRO POLYMERS
Girdhari Chemicals & Resins Pvt.Ltd
Eternal Materials Co., Ltd.
TABLE OF CONTENTS
1 INTRODUCTION 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 OVERVIEW OF THE ASIA-PACIFIC ALKYD RESIN MARKET 39
1.4 CURRENCY AND PRICING 41
1.5 LIMITATIONS 41
1.6 MARKETS COVERED 41
2 MARKET SEGMENTATION 44
2.1 MARKETS COVERED 44
2.2 GEOGRAPHICAL SCOPE 45
2.3 YEARS CONSIDERED FOR THE STUDY 46
2.4 CURRENCY AND PRICING 46
2.5 DBMR TRIPOD DATA VALIDATION MODEL 47
2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 50
2.7 DBMR MARKET POSITION GRID 51
2.8 MULTIVARIATE MODELLING 52
2.9 CATEGORY LIFELINE CURVE 53
2.10 MARKET APPLICATION COVERAGE GRID 54
2.11 VENDOR SHARE ANALYSIS 55
2.12 SECONDARY SOURCES 56
2.13 ASSUMPTIONS 56
3 EXECUTIVE SUMMARY 57
4 PREMIUM INSIGHTS 60
4.1 PESTLE ANALYSIS 61
4.1.1 POLITICAL FACTORS 61
4.1.2 ECONOMIC FACTORS 62
4.1.3 SOCIAL FACTORS 62
4.1.4 TECHNOLOGICAL FACTORS 62
4.1.5 LEGAL FACTORS 62
4.1.6 ENVIRONMENTAL FACTORS 63
4.2 PORTERS FIVE FORCES: 64
4.2.1 THREAT OF NEW ENTRANTS 64
4.2.2 THREAT OF SUBSTITUTES 65
4.2.3 CUSTOMER BARGAINING POWER 66
4.2.4 SUPPLIER BARGAINING POWER 66
4.2.5 INTERNAL COMPETITION (RIVALRY) 67
4.3 CLIMATE CHANGE SCENARIO 68
4.3.1 ENVIRONMENTAL CONCERNS 68
4.3.2 INDUSTRY RESPONSE 68
4.3.3 GOVERNMENTS ROLE 68
4.3.4 ANALYST RECOMMENDATION 68
4.4 IMPORT-EXPORT ANALYSIS 69
4.5 SUPPLY CHAIN ANALYSIS 71
4.5.1 OVERVIEW 71
4.5.2 LOGISTIC COST SCENARIO 71
4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 72
4.6 TECHNOLOGICAL INNOVATION 73
4.7 VENDOR SELECTION CRITERIA 74
4.8 PRICE ANALYSIS 76
4.9 PRODUCTION CAPACITY OUTLOOK 77
4.10 PRODUCTION CONSUMPTION ANALYSIS 78
4.11 RAW MATERIAL COVERAGE 79
5 REGULATION COVERAGE 80
6 MARKET OVERVIEW 82
6.1 DRIVERS 84
6.1.1 RISING DEMAND IN THE PAINT AND COATING INDUSTRY 84
6.1.2 GROWING DISPOSABLE INCOME AND LIFESTYLE OF CONSUMERS 84
6.1.3 HIGH-QUALITY PROPERTIES AND COMPATIBILITY OF THE ALKYD RESIN WITH A WIDE RANGE OF POLYMERS 85
6.1.4 GROWING URBANIZATION IN THE DEVELOPING COUNTRIES 86
6.2 RESTRAINTS 86
6.2.1 GROWING AWARENESS OF THE HARMFUL IMPACT OF ALKYD RESINS 86
6.2.2 AVAILABILITY OF SUBSTITUTES 87
6.3 OPPORTUNITIES 88
6.3.1 GROWING DEMAND FOR SUSTAINABLE COATING IN THE MARKET 88
6.3.2 THE CONTINUOUS PRODUCT LAUNCHES BY COMPANIES BOOST THE MARKET GROWTH 88
6.4 CHALLENGE 89
6.4.1 THE FLUCTUATING PRICE OF RAW MATERIALS LEADS TO CHANGES IN THE MANUFACTURING COST OF ALKYD RESINS 89
7 ASIA-PACIFIC ALKYD RESIN MARKET, BY REGION 90
7.1 ASIA-PACIFIC 91
7.1.1 CHINA 100
7.1.2 INDIA 104
7.1.3 JAPAN 108
7.1.4 SOUTH KOREA 112
7.1.5 AUSTRALIA 116
7.1.6 INDONESIA 120
7.1.7 SINGAPORE 124
7.1.8 MALAYSIA 128
7.1.9 PHILIPPINES 132
7.1.10 NEW ZEALAND 136
7.1.11 THAILAND 140
7.1.12 HONG KONG 144
7.1.13 TAIWAN 148
7.1.14 REST OF ASIA-PACIFIC 152
8 ASIA-PACIFIC ALKYD RESIN MARKET, COMPANY LANDSCAPE 153
8.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 153
8.2 ACQUISITION 154
8.3 NEW LAUNCHES 154
8.4 RECOGNITION 154
8.5 NEW PLANT 155
9 COMPANY PROFILES 156
9.1 ARKEMA 156
9.1.1 COMPANY SNAPSHOT 156
9.1.2 REVENUE ANALYSIS 156
9.1.3 COMPANY SHARE ANALYSIS 157
9.1.4 PRODUCT PORTFOLIO 157
9.1.5 SWOT 158
9.1.6 RECENT DEVELOPMENTS 159
9.2 BASF SE (2022) 160
9.2.1 COMPANY SNAPSHOT 160
9.2.2 REVENUE ANALYSIS 160
9.2.3 COMPANY SHARE ANALYSIS 161
9.2.4 PRODUCT PORTFOLIO 161
9.2.5 SWOT 162
9.2.6 RECENT DEVELOPMENTS 162
9.3 ALLNEX GMBH 163
9.3.1 COMPANY SNAPSHOT 163
9.3.2 COMPANY SHARE ANALYSIS 163
9.3.3 PRODUCT PORTFOLIO 164
9.3.4 SWOT 164
9.3.5 RECENT DEVELOPMENTS 164
9.4 ETERNAL MATERIALS CO.,LTD. (2022) 165
9.4.1 COMPANY SNAPSHOT 165
9.4.2 REVENUE ANALYSIS 165
9.4.3 COMPANY SHARE ANALYSIS 166
9.4.4 PRODUCT PORTFOLIO 166
9.4.5 SWOT 167
9.4.6 RECENT DEVELOPMENT 167
9.5 OPC POLYMERS 168
9.5.1 COMPANY SNAPSHOT 168
9.5.2 COMPANY SHARE ANALYSIS 168
9.5.3 PRODUCT PORTFOLIO 169
9.5.4 SWOT ANALYSIS 170
9.5.5 RECENT DEVELOPMENTS 170
9.6 ARAKAWA CHEMICAL INDUSTRIES,LTD. (2022) 171
9.6.1 COMPANY SNAPSHOT 171
9.6.2 REVENUE ANALYSIS 171
9.6.3 PRODUCT PORTFOLIO 172
9.6.4 SWOT 173
9.6.5 RECENT DEVELOPMENTS 173
9.7 COVESTRO AG 174
9.7.1 COMPANY SNAPSHOT 174
9.7.2 REVENUE ANALYSIS 174
9.7.3 COMPANY SHARE ANALYSIS 175
9.7.4 PRODUCT PORTFOLIO 175
9.7.5 SWOT ANALYSIS 176
9.7.6 RECENT DEVELOPMENT 176
9.8 D.S.V CHEMCIALS PVT LTD 177
9.8.1 COMPANY SNAPSHOT 177
9.8.2 PRODUCT PORTFOLIO 177
9.8.3 SWOT 178
9.8.4 RECENT DEVELOPMENTS 178
9.9 GIRDHARI CHEMICALS & RESINS PVT.LTD. 179
9.9.1 COMPANY SNAPSHOT 179
9.9.2 PRODUCT PORTFOLIO 179
9.9.3 SWOT 180
9.9.4 RECENT DEVELOPMENTS 180
9.10 HEMPEL A/S 181
9.10.1 COMPANY SNAPSHOT 181
9.10.2 PRODUCT PORTFOLIO 181
9.10.3 SWOT ANALYSIS 182
9.10.4 RECENT DEVELOPMENT 182
9.11 KRISHNA RESINS & PIGMENTS PVT. LTD. 183
9.11.1 COMPANY SNAPSHOT 183
9.11.2 PRODUCT PORTFOLIO 183
9.11.3 SWOT 184
9.11.4 RECENT DEVELOPMENTS 184
9.12 MACRO POLYMERS 185
9.12.1 COMPANY SNAPSHOT 185
9.12.2 PRODUCT PORTFOLIO 185
9.12.3 SWOT 186
9.12.4 RECENT DEVELOPMENTS 186
9.13 MANCUSO CHEMICALS LIMITED 187
9.13.1 COMPANY SNAPSHOT 187
9.13.2 PRODUCT PORTFOLIO 187
9.13.3 SWOT 188
9.13.4 RECENT DEVELOPMENT 188
9.14 NEO-PACK PLAST 189
9.14.1 COMPANY SNAPSHOT 189
9.14.2 PRODUCT PORTFOLIO 189
9.14.3 SWOT ANALYSIS 190
9.14.4 RECENT DEVELOPMENTS 190
9.15 NORD COMPOSITES ITALIA SRL 191
9.15.1 COMPANY SNAPSHOT 191
9.15.2 PRODUCT PORTFOLIO 191
9.15.3 SWOT 192
9.15.4 RECENT DEVELOPMENTS 192
9.16 POLYNT SPA 193
9.16.1 COMPANY SNAPSHOT 193
9.16.2 PRODUCT PORTFOLIO 193
9.16.3 SWOT ANALYSIS 195
9.16.4 RECENT DEVELOPMENT 195
9.17 RATNAKA RESINS PVT.LTD. 196
9.17.1 COMPANY SNAPSHOT 196
9.17.2 PRODUCT PORTFOLIO 196
9.17.3 SWOT ANALYSIS 197
9.17.4 RECENT DEVELOPMENTS 197
9.18 SPOLEK PRO CHEMICKOU A HUTN VROBU, AKCIOV SPOLENOST 198
9.18.1 COMPANY SNAPSHOT 198
9.18.2 PRODUCT PORTFOLIO 198
9.18.3 SWOT 199
9.18.4 RECENT DEVELOPMENTT 199
9.19 SYNTHOPOL 200
9.19.1 COMPANY SNAPSHOT 200
9.19.2 PRODUCT PORTFOLIO 200
9.19.3 SWOT ANALYSIS 201
9.19.4 RECENT DEVELOPMENT 201
9.20 UNIFORM SYNTHETICS 202
9.20.1 COMPANY SNAPSHOT 202
9.20.2 PRODUCT PORTFOLIO 202
9.20.3 SWOT ANALYSIS 203
9.20.4 RECENT DEVELOPMENTS 203
9.21 US POLYMERS-ACCUREZ, LLC 204
9.21.1 COMPANY SNAPSHOT 204
9.21.2 PRODUCT PORTFOLIO 204
9.21.3 SWOT 205
9.21.4 RECENT DEVELOPMENT 205
10 QUESTIONNAIRE 206
11 RELATED REPORTS 209