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US Alkyd Resin Market

ID: MRFR/CnM/18869-HCR
100 Pages
Garvit Vyas
October 2025

US Alkyd Resin Market

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US Alkyd Resin Market Infographic
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US Alkyd Resin Market Summary

As per analysis, the US alkyd resin market is projected to grow from USD 448.5 Million in 2024 to USD 461.56 Million in 2025, ultimately reaching USD 615.02 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 2.9%1% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US alkyd resin market is experiencing a dynamic shift driven by sustainability and technological advancements.

  • The coatings segment remains the largest contributor to the US alkyd resin market, reflecting a robust demand for protective and decorative finishes.
  • The inks segment is currently the fastest-growing area, propelled by innovations in printing technologies and eco-friendly formulations.
  • The construction sector continues to drive the market, supported by increasing infrastructure projects and regulatory backing for development.
  • Key market drivers include the growing demand in the construction sector and a shift towards eco-friendly products, which are shaping industry dynamics.

Market Size & Forecast

2024 Market Size 448.5 (USD Million)
2035 Market Size 615.02 (USD Million)
CAGR (2025 - 2035) 2.91%

Major Players

BASF (US), AkzoNobel (US), Sherwin-Williams (US), PPG Industries (US), Eastman Chemical (US), Hexion (US), RPM International (US), Kraton Corporation (US)

US Alkyd Resin Market Trends

The US alkyd resin market is currently experiencing a dynamic phase characterized by evolving consumer preferences and regulatory influences. Alkyd resins, known for their versatility and durability, are increasingly favored in various applications, including coatings, adhesives, and inks. The market appears to be driven by a growing demand for eco-friendly products, as manufacturers seek to align with sustainability initiatives. This shift is likely to influence the formulation of alkyd resins, leading to innovations that incorporate renewable resources and lower volatile organic compounds. Furthermore, the ongoing advancements in technology may enhance the performance characteristics of these resins, making them more appealing to end-users. In addition to environmental considerations, the US alkyd resin market is also shaped by economic factors and industry trends. The construction and automotive sectors, which are significant consumers of alkyd-based products, are showing signs of recovery and growth. This resurgence could potentially lead to increased consumption of alkyd resins in protective and decorative coatings. Moreover, the regulatory landscape surrounding chemical manufacturing is evolving, which may impose new standards that affect production processes. As such, stakeholders in the US alkyd resin market must remain vigilant and adaptable to these changes to maintain competitiveness and meet consumer expectations.

Sustainability Initiatives

The US alkyd resin market is increasingly influenced by sustainability initiatives. Manufacturers are focusing on developing eco-friendly formulations that utilize renewable resources and reduce harmful emissions. This trend reflects a broader societal shift towards environmentally responsible products, prompting companies to innovate in their resin formulations.

Technological Advancements

Technological advancements are playing a crucial role in the US alkyd resin market. Innovations in production processes and material science are enhancing the performance characteristics of alkyd resins. These improvements may lead to better adhesion, durability, and resistance to environmental factors, making them more attractive for various applications.

Regulatory Changes

Regulatory changes are impacting the US alkyd resin market significantly. New standards aimed at reducing volatile organic compounds and improving safety in chemical manufacturing are emerging. These regulations may compel manufacturers to adapt their processes and formulations, potentially leading to a shift in market dynamics.

Market Segment Insights

By Application: Coatings (Largest) vs. Inks (Fastest-Growing)

In the US alkyd resin market, the application segments are primarily divided into coatings, inks, adhesives, and composites, with coatings holding the largest market share. Coatings are widely utilized in various industries, particularly in architectural, automotive, and industrial applications, making them a dominant force. In the contrast, inks represent the fastest-growing segment due to the increasing demand for high-quality printing in packaging and publication, spurred by advancements in printing technology and the rise of e-commerce. The growth of the coatings segment is driven by the increasing need for protective finishes and decorative applications, supported by stringent regulations on VOC emissions that encourage the use of alkyd-based solutions. Conversely, the inks segment benefits from trends such as digital printing and sustainable packaging solutions, leading to innovations in ink formulations. These trends underscore the dynamic nature of the alkyd resin market and the varying growth trajectories within the application segments.

Coatings (Dominant) vs. Adhesives (Emerging)

Coatings are established as the dominant application in the US alkyd resin market due to their extensive use in protective and decorative finishes across multiple sectors, including automotive and construction. The demand for high-performance coatings has amplified their market position as they offer enhanced durability, flexibility, and aesthetic appeal. In contrast, adhesives are emerging as a significant segment driven by innovations in industrial bonding solutions and growing requirements in the construction and automotive sectors. The transition towards eco-friendly adhesives has propelled the development of new alkyd resin formulations that meet sustainability standards. This shift is indicative of a broader industry trend where functionality and environmental responsibility converge, positioning adhesives favorably in the competitive landscape.

By End Use: Construction (Largest) vs. Automotive (Fastest-Growing)

In the US alkyd resin market, the end-use segment is primarily dominated by the construction industry, which holds the largest market share. This dominance is driven by the extensive use of alkyd resins in architectural coatings, including paints and varnishes that provide durability and aesthetic appeal. The automotive sector also plays a significant role, leveraging alkyd resins for their properties of adhesion, gloss, and resistance, albeit with a comparatively smaller share than construction.

Construction (Dominant) vs. Automotive (Emerging)

The construction segment remains the dominant end-use market for alkyd resins, primarily due to the growing demand in residential and commercial construction projects. Alkyd resins are favored for their excellent surface finish, weather resistance, and long-lasting performance in coatings. On the other hand, the automotive industry is an emerging end-use segment, witnessing rapid adoption of alkyd resins in both interior and exterior applications. Factors such as rising automotive production and the need for environmentally friendly coatings are driving this growth. Although traditionally focused on industrial applications, automotive refinishing and OEM markets are increasingly turning to alkyd resins to meet sustainability targets.

By Technology: Solvent Based (Largest) vs. Water Based (Fastest-Growing)

The US alkyd resin market showcases a diverse range of technology segments, with solvent-based alkyd resins holding the largest market share. Their traditional use in industrial applications and high-performance coatings contributes significantly to their prevalence. Meanwhile, water-based alkyd resins are quickly gaining traction due to increasing regulatory policies favoring lower VOC emissions and environmentally friendly solutions, marking them as a vital segment in this market. Growth trends point towards a significant shift away from solvent-based technologies toward water-based solutions. This change is primarily driven by consumer preferences for sustainable products and stringent environmental regulations. The rising demand for eco-friendly coatings is prompting manufacturers to innovate and develop effective formulations, thereby positioning the water-based technology as the fastest-growing segment in the US alkyd resin market.

Technology: Solvent Based (Dominant) vs. Water Based (Emerging)

Solvent-based alkyd resins serve as the dominant technology in the US alkyd resin market, widely recognized for their excellent performance characteristics, including durability and finish quality. They are extensively employed in various applications, from automotive coatings to industrial finishes, due to their ease of use and strong adhesion properties. However, there is a noticeable shift towards water-based alkyd resins, which are emerging as a compelling alternative. Water-based technologies offer lower VOC content, making them more compliant with environmental standards and aligning with consumer demands for sustainable products. This transition highlights the balance between legacy performance and a proactive approach to environmental responsibility, indicating a dynamic evolution within the segment.

By Formulation Type: Alkyd Urethane (Largest) vs. Alkyd Modified (Fastest-Growing)

In the U.S. alkyd resin market, ‘Alkyd Urethane’ has established itself as the largest segment, commanding a significant portion of the market share thanks to its versatile applications and robust performance characteristics. This formulation is extensively utilized in the production of high-performance coatings and paints, which enhances its appeal among manufacturers. On the other hand, ‘Alkyd Modified’ is rapidly gaining momentum as one of the fastest-growing segments, driven by increasing demand for eco-friendly formulations and enhanced product properties that appeal to modern consumers.

Alkyd Urethane (Dominant) vs. Alkyd Modified (Emerging)

Alkyd Urethane represents a dominant segment in the alkyd resin market due to its superior durability and chemical resistance, making it suitable for a wide array of industrial and commercial applications. Its formulation combines traditional alkyds with urethane functionality, resulting in products that provide excellent adhesion and finish quality. Conversely, Alkyd Modified resins are emerging as a preferred choice among manufacturers seeking sustainability, as they often incorporate renewable resources and solve challenges related to VOC emissions. The growth of this segment is bolstered by shifting consumer preferences towards environmentally friendly products and the increasing requirement for high-quality end-user applications, positioning it well for future expansion.

By Curing Mechanism: Air Drying (Largest) vs. Heat Curing (Fastest-Growing)

In the US alkyd resin market, the curing mechanism segment showcases distinct distribution patterns among its three main categories: Air Drying, Heat Curing, and Chemical Curing. Air Drying accounts for the largest share, primarily due to its widespread application across various industries and the preference for low-cost production methods. Heat Curing, on the other hand, is gaining momentum and becoming increasingly popular because of its efficiency and superior finish qualities. Chemical Curing, while still a relevant segment, remains overshadowed by the former two.

Curing Mechanism: Air Drying (Dominant) vs. Heat Curing (Emerging)

Air Drying is recognized as the dominant player in the US alkyd resin market due to its cost-effectiveness and suitability for a broad range of applications, especially in decorative and industrial coatings. Its easy application process and environmental considerations bolster its appeal. Conversely, Heat Curing represents an emerging segment, driven by advancements in technology and product performance. This method is especially favored in applications requiring enhanced durability and speedy processes, making it attractive to manufacturers focused on innovation and efficiency.

Get more detailed insights about US Alkyd Resin Market

Key Players and Competitive Insights

The alkyd resin market exhibits a dynamic competitive landscape characterized by innovation and strategic positioning among key players. Major companies such as BASF (Germany), AkzoNobel (Netherlands), and Sherwin-Williams (US) are actively shaping the market through various strategies. BASF (Germany) focuses on sustainability and product innovation, aiming to enhance the performance of its alkyd resins while reducing environmental impact. AkzoNobel (Netherlands) emphasizes digital transformation and customer-centric solutions, leveraging technology to improve product offerings and operational efficiency. Sherwin-Williams (US) is pursuing aggressive regional expansion and strategic acquisitions to bolster its market presence, thereby intensifying competition within the sector.

The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The market structure appears moderately fragmented, with several players vying for market share. However, the collective influence of these key players suggests a trend towards consolidation, as companies seek to leverage synergies and enhance their competitive edge.

In November 2025, PPG Industries (US) announced a strategic partnership with a leading technology firm to develop advanced alkyd resin formulations that incorporate AI-driven analytics for improved performance. This move is likely to position PPG Industries (US) at the forefront of innovation, enabling the company to offer tailored solutions that meet evolving customer needs. The integration of AI into product development could significantly enhance efficiency and reduce time-to-market for new formulations.

In October 2025, Eastman Chemical (US) unveiled a new line of bio-based alkyd resins aimed at reducing reliance on fossil fuels. This initiative aligns with the growing demand for sustainable products and reflects Eastman Chemical's (US) commitment to environmental stewardship. By diversifying its product portfolio with eco-friendly options, the company may attract a broader customer base and strengthen its market position.

In September 2025, Hexion (US) completed the acquisition of a regional competitor, enhancing its production capabilities and expanding its market reach. This acquisition is indicative of a broader trend towards consolidation within the alkyd resin market, as companies seek to enhance operational efficiencies and leverage economies of scale. Hexion's (US) strategic move may enable it to offer a more comprehensive range of products and services, thereby increasing its competitiveness.

As of December 2025, current trends in the alkyd resin market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing market responsiveness. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology integration, and supply chain reliability. This shift underscores the importance of adaptability and forward-thinking strategies in navigating the complexities of the market.

Key Companies in the US Alkyd Resin Market market include

Future Outlook

US Alkyd Resin Market Future Outlook

The US alkyd resin market is projected to grow at a 2.91% CAGR from 2024 to 2035, driven by increasing demand in coatings and sustainable product innovations.

New opportunities lie in:

  • Development of bio-based alkyd resins for eco-friendly applications.
  • Expansion into emerging markets with tailored product offerings.
  • Investment in advanced manufacturing technologies to enhance production efficiency.

By 2035, the US alkyd resin market is expected to achieve robust growth, driven by innovation and strategic market positioning.

Market Segmentation

US Alkyd Resin Market End Use Outlook

  • Construction
  • Automotive
  • Marine
  • Furniture

US Alkyd Resin Market Technology Outlook

  • Solvent Based
  • Water Based
  • High Solids
  • Radiation Cured

US Alkyd Resin Market Application Outlook

  • Coatings
  • Inks
  • Adhesives
  • Composites

US Alkyd Resin Market Curing Mechanism Outlook

  • Air Drying
  • Heat Curing
  • Chemical Curing

US Alkyd Resin Market Formulation Type Outlook

  • Alkyd Urethane
  • Alkyd Oil
  • Alkyd Modified

Report Scope

MARKET SIZE 2024448.5(USD Million)
MARKET SIZE 2025461.56(USD Million)
MARKET SIZE 2035615.02(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.91% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledBASF (US), AkzoNobel (US), Sherwin-Williams (US), PPG Industries (US), Eastman Chemical (US), Hexion (US), RPM International (US), Kraton Corporation (US)
Segments CoveredApplication, End Use, Technology, Formulation Type, Curing Mechanism
Key Market OpportunitiesGrowing demand for eco-friendly coatings drives innovation in the US alkyd resin market.
Key Market DynamicsShifts towards sustainable formulations drive innovation and competition in the US alkyd resin market.
Countries CoveredUS

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FAQs

What is the projected market size of the US Alkyd Resin Market for 2024?

The US Alkyd Resin Market is expected to be valued at approximately 448.5 million USD in 2024.

What will be the market size of the US Alkyd Resin Market by 2035?

By 2035, the market size is projected to reach around 614.03 million USD.

What is the expected CAGR for the US Alkyd Resin Market from 2025 to 2035?

The market is expected to grow at a CAGR of 2.897% during the forecast period of 2025 to 2035.

Which segment will dominate the market share in the US Alkyd Resin Market by 2035?

The Oil Based segment is projected to dominate, with a market size of 245.0 million USD by 2035.

What is the market valuation for the Modified Alkyd Resin segment in 2024?

The Modified Alkyd Resin segment is expected to be valued at 120.0 million USD in 2024.

Who are the key players in the US Alkyd Resin Market?

Key players in the market include BASF, AkzoNobel, Hempel, and PPG Industries, among others.

How much is the Water Reducible segment valued at in 2024?

The Water Reducible segment is valued at approximately 90.0 million USD in 2024.

What is the projected value of the 'Others' segment in the US Alkyd Resin Market by 2035?

The 'Others' segment is expected to be valued at around 84.03 million USD by 2035.

What are the main applications driving the growth of the US Alkyd Resin Market?

The main applications include coatings for various surfaces, including industrial and architectural uses.

How will global economic conditions impact the US Alkyd Resin Market from 2025 to 2035?

The market may face challenges due to fluctuations in raw material costs and geopolitical dynamics affecting supply chains.

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