Alkyd resin market worth USD 3,257M by 2023.

Global alkyd resin market report: By Type, End-Use Industry and Region – Forecast Till 2023

The global alkyd resin market is estimated to value at USD 2,610 million in 2016 and is projected to reach USD 3,257.7 million by 2023. Growing demand for alkyd resins in architectural coating along with wood furnishing is expected to drive the market growth. Moreover, increasing demand for automotive refinishes are likely to augment the market growth owing to high insurance cost, replacement demand from household swapping their old vehicles, and rising expenditure in vehicle refinishing.

 

Alkyd Resin Market Research Report
Global Alkyd Resin Market Research Report, Forecast 2023

 

According to the analysis, the report offers segmentation analysis based on type such as oil-based, modified, water reducible, and others. Furthermore, the oil-based alkyd resin is sub-segmented into short oil, medium oil, and long oil. Among all the alkyd resins types, oil-based dominated the global market in 2016 with a significant market share of 41.8% at the highest CAGR of 3.07%. The long oil is leading the alkyd resin sub-segment owing to high durability, gloss retention, and flexibility. With superior performance of alkyd resins, they are used in numerous application such as building & construction, automotive, industrial, furniture, and others. Building & construction is the fastest growing segment and accounts for a market share of 36.0% by the end of 2016. Increasing expenditure on residential as well as non-residential activities across the globe is slated to drive the market growth. Nevertheless, shifting preference towards water-borne resin technology due to less VOC content are likely to provide a lucrative opportunity to market players.

Regional Analysis

  • Based on geography, the global alkyd resin market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
  • Asia Pacific is leading the global market by accounting for 36% market share and is projected to reach USD 1,213.5 million by 2023 owing to rapid urbanization and industrialization. Increasing sales of a passenger car in China, South Korea, Japan, and India are likely to propel the global alkyd resin market. Moreover, gaining importance of a digital color solution along with rehabilitation of old paint shops are expected to drive the product demand.
  • Europe is the second most promising region, which is accounted for the global market shares of 28% and is projected to grow at a CAGR of ~3.04% during the forecast period. Rising environment concern regarding VOC emission and high usage of cobalt-based driers has led to a shifting trend towards waterborne alkyd resins. Moreover, huge automotive production base along with growing purchasing power of the consumer is projected to drive the regional market.
  • The Middle East & Africa is the fastest growing region and it is estimated to grow at CAGR of ~3.44% during the assessment period, 2017-2023. Rising sales of luxurious cars in the Middle East & Africa are likely to boost the demand for automotive refinishes, which, in turn, drive the alkyd resin market.

Segmentation

  • The alkyd resin market is fragmented on the basis of type, end-use industry, and region. On the basis of the type, the market is segmented into oil-based, modified, water reducible, and others. Furthermore, types are sub-segmented into short oil, medium oil, and long oil.
  • According to the end-user industry, the market is segmented into building & construction, automotive, industrial, furniture, and others. The building & construction industry is leading the global market followed by the automotive industry.

Key Players

Some of the major players operating in the global alkyd resin market are Polynt SpA, Nord Composites, Mancuso Chemicals Limited, D.S.V Chemicals Pvt Ltd., Macro Polymers, BASF SE, Spolchemie, DowDuPont Inc., DSM, Arkema SA, and Cytech Solvay Group.

Geographic Analysis

The report covers a brief analysis of geographical region such as:

  • North America: U.S, Canada
  • Europe: Germany, U.K, Russia, France, Spain, Italy, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Latin America: Brazil, Mexico, Argentina, Rest of Latin America
  • Middle East & Africa: Turkey, Israel, G.C.C., North Africa, Rest of Middle East & Africa

Key Findings

  • Global alkyd resin market is projected to reach USD 3,257.7 million by 2023 at a CAGR of 3.32% .
  • Asia Pacific emerged as the global leader in this market accounting for 36% share of the global market and is estimated to reach USD 1,213.5 million by 2023.
  • In 2016, China as an individual country accounted for the largest revenue of USD 586.3 million and is projected to grow at a CAGR of 3.83% over the forecast period.
  • U.S., China, India, Germany, and Mexico are key countries to be observed in the global alkyd resin market. Rising investments in the architectural coating and furniture segment are expected to drive the product demand.
  • With the development of waterborne latex resins, alkyd resin producers have gained significant importance in numerous industries such as building & construction, automotive, and furniture

Intended Audience

• Alkyd resin manufacturers
• Traders and distributors of Alkyd resin manufacturers
• Production process industries
• Potential investors
• Raw material suppliers

DC –Description

• Alkyd paint
• Plastic resin
• Long oil alkyd resin
• Alkyd Resin properties
• Alkyd oil
• Alkyd medium for oil painting
• Medium oil alkyd
• Paint resin manufacturers

Category: Chemical Market Reports

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Environment friendly biodegradable plastics

Global Biodegradable Plastics Market
Global Biodegradable Plastics Market

The biodegradable plastics are the plastics that are decomposed naturally in the environment. Biodegradable plastics are manufactured from natural plant material including orange peel, starch, corn oil, and plants. These biodegradable plastics don’t pose any threat to the environment.

Research Methodology
The biodegradable plastics market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped us in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Key Market Insights
Biodegradable plastics are widely utilized in various applications like packaging, agriculture, consumer goods, and others. The manufacturers are focusing on innovation to capture more of the market share. The demand for biodegradable plastics is increasing owing to the increased awareness about the environment and reducing plastic waste.

Europe dominates the market currently and is also expected to grow during the forecast period due to intense demand. The Asia Pacific is expected to accelerate in the market during the forecast period. Some of the prominent key players in the biodegradable plastics market are Arkema, BASF, Corbion, DowDuPont, and Cargill.

Types:
o Starch-based
o PLA
o PBS
o PBAT
o PHA
o Others

End Users: 
o Packaging
o Agriculture
o Consumer Goods
o Others

Geography:
o Asia Pacific
o North America
o Europe
o Rest of the World

Category: Chemicals Market research reports

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Thermochromic paints & coatings, indicating a thermal history.

Thermochromic Paints and Coatings Market
Thermochromic Paints and Coatings Market

Thermochromic paints & coatings are designed in such a way that they change the color at a specific temperature, providing a visual indication of a temperature change. A special type of pigments, known as thermochromic pigments, are available in the market to manufacture thermochromic paints & coatings. In recent years, thermochromic paints & coatings have grown extraordinarily with the global thermochromic market attracting a significant share.

Key Market Insights

Thermochromic paints & coatings have created a niche market in various applications. Thermochromic paints & coatings can be used for many different reasons, including safety indicators on thermally sensitive systems or indication of the thermal history. The demand for thermochromic paints & coatings is surging in the food industry. Two main types of thermochromic paints & coatings are available in the market, i.e., reversible-based and irreversible-based.

The extensive use of these products in decorative and food sectors has given a massive boost to the thermochromic paints & coatings market in recent years. The rapid growth in economies across the globe and the increasing per capita income among consumers in developing countries are increasing the demand for decorations. This, in turn, is increasing the demand for thermochromic paints & coatings in infrastructure. The infrastructure sector is presently leading the market and is expected to remain the same during the forecast period. Emerging economies such as China, India, and Brazil are looking forward to take advantage of the benefits of thermochromic paints & coatings. Further, the industrial and FMCG packaging market growth is expected to foster the thermochromic paints & coatings market.

North America is the largest thermochromic paints & coatings market globally due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in food manufacturing and building construction is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the thermochromic paints & coatings market. North America is likely to remain as the key region with a significant contribution coming from the US. Few of the prominent companies operating in the thermochromic paints & coatings market are Sherwin Williams, AkzoNobel N.V., RPM International, Axalta Coating Systems Ltd., and Arkema.

Types:
o Reversible
o Irreversible

End-users:

o Decorative
o Food
o Industrial
o Others

Geography:
o Asia Pacific
o North America
o Europe
o Rest of the World

Category: Chemicals Market Reports

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Crop protection chemicals gearing into advancements.

Crop Protection Market 2023
Crop Protection Market 2023

In the chemical domain, several types of research are aiming to protect agricultural crops. This is an important activity ongoing in the chemical business. Compounds, serve as a base for major crops in the agricultural field. Without the advent of drugs, crops tend to suffer a decrease in major dramatic falls. Consequently, the insecticides are important in combating human and animal diseases. Global Crop Protection Market projects the market to increase in a long and continuous trend.

The environmental and toxicological properties of the chemical pesticides are growing vastly within the current decade. Furthermore, many researchers are aiming to produce certain chemicals which are potent in giving the crops a definitive purpose and become environment-friendly on the forefront. In the data put forward by Global Crop Protection Chemicals Market, there are certain pests which are on the verge of developing some resistance to chemicals. These pests further need some new and advanced pesticides to get a continual push of termination.

In the recent scenario, the major effect of a pesticide is because of the result of a 3D assembling on specific groups in chemical structure. This puts a focus on the main aspect of active ingredients involved. Consequently, if at all several compounds of a given chemical class have relating efficiency, they all get into a set of groups which is set as a minimum basic feature responsible for a set of specific molecules in the biochemical process of the pest. This process has a name as toxophore. Toxophores is further getting their units in terms of the shading process.

Market Research reports estimates the cost of producing new pesticides to be around 150-200 Million in the next few years. The tests are in continual action for concerns relating to the safety of the environment while not compromising on the effects. On an average it takes around a decade to produce pesticides which have potential effects on the pests and be environment-friendly, Every year, 12 -18 chemicals are into the process, and few within these are put forward to the market.

At times these processes even term as a way of mimicking nature’s rule of protecting plants naturally. Although cost-effective and environment-friendly pesticides are less, pyrethroids are examples of insecticides of the same genre. With another class of fungicides called strobilurins being put into the market which mimics natural fungicide called the strobilurin.

Category:  Chemicals Market Research

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Fragrance oil dominating market!

Global Fragrance Oil Market 2023
Global Fragrance Oil Market 2023

The fragrance oil is a synthetically lab made aroma that is used as a major additive in products like perfumes, soaps, shower gel, laundry detergent, and others to provide fragrance to the products. Fragrance oil is classified mainly in these categories i.e., Natural and Synthetic. It provides an aroma longevity of the products.

Research Methodology
The fragrance oil market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped us in compiling relevant aspects with realistic parametric estimations for a comprehensive study.

The participation share of different categories of primary participants is given below:
Key Market Insights
Fragrance oil is widely utilized in fine fragrances, personal care products, household products, and others to impart aroma to the products. The fragrance oil can be natural or synthetic. The demand for fragrance oil is increasing owing to an increased demand of aromachology or utilization of fragrances for reduction of stress and change in moods. 
North America dominates the market currently and is also expected to grow during the forecast period due to intense demand from various applications segment. Asia Pacific is expected to accelerate the market during the forecast period. Some of the prominent key players in the fragrance oil market are Takasago Symrise, Givaudan, International flavors & fragrances, and Firmenich group.

Types:
o Natural
o Synthetic
Applications:
o Fine Fragrances
o Personal Care
o Household Products
o Others
Geography:
o Asia Pacific
o North America
o Europe
o Rest of the World

Category: Chemicals Market Reports

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Global Waterproofing Chemicals Market worth $32,915 Million by 2023!


Waterproofing chemicals
are referred to as a group of specific synthetic or natural chemical products. Their primary use is to protect the structure from the damage caused by moisture or water. The penetration or percolation of water or moisture can cause severe physical damage to the structure. It can also shorten the life and reduce the durability of the building, which is most likely to cause accidental damage to the edifice. Waterproofing chemicals prevent damage to the electrical, metal, and other integral parts of the building. These chemicals help the structure to retain its integrity and longevity. The product confers numerous beneficial properties, for instance, increasing the life of concrete, wood and decorative paint and coatings. Economically the waterproofing chemicals help to reduce the maintenance cost of the building and offer more efficient and sustainable solution to the problem of leakage.

Waterproofing Chemicals Market
Waterproofing Chemicals Market Research

 

The global waterproofing chemicals market is projected to expand at a robust CAGR of 9.86% and is estimated to reach USD 32,915.00 million by the end of 2023.

The major factors responsible for healthy growth trajectory of the market are, rapidly increasing demand for the waterproofing chemicals from steadily growing construction activities (especially in developing countries), growing demand from roofing and walls application, the cost-efficiency of the product in longer run and expanding scope of applications in the emerging applications such as landfill and water resource management. However, the sole factor likely to hamper the growth of the market during the forecast period is a cost sensitive nature of the market, mainly due to the volatility in the prices of crude oil and price-conscious consumers, especially in emerging economies. Nevertheless, there is a great opportunity for emerging applications such as the landfill and water management sectors. This is anticipated to further boost the growth of the global waterproofing chemicals in the near future.

Regional Analysis

  • Based on the geo-economic scenario, the global waterproofing chemicals market is spanned across the five major regions, namely Asia Pacific, North America, Europe, the Middle East & Africa and Latin America.
  • Among these regions, Asia Pacific accounted for the major share of the market, as of 2016. This region is growing at the highest CAGR of 10.88%, among other regions, during the period under consideration. The primary factor favoring the dominance of Asia Pacific is the rapid urbanization and industrialization occurring in the emerging economies in this region such as India, China, South Korea, and Malaysia.
  • Following the Asia Pacific, North America held the second largest share of the market, in 2016. This region is projected to be pegged at USD 7,201.60 million by the end of 2023. In this region, the U.S held the largest share of the market in North America and expected to remain dominant throughout the forecast period owing to greater penetration of end-use industries in the country.
  • Europe is another significant region in the global waterproofing chemicals market. This region registered to account for a sizeable 17% share of the market, in 2016. In Europe, Germany is the largest contributor to the regional market owing to the increasing demand from the roofing and basement applications. The Latin America and the Middle East & Africa is estimated to grow at a healthy rate during the review period.

Segmentation

  • The global waterproofing chemicals market is segregated on the basis of type, application, and region. On the basis of type, the market is categorized into bitumen, PVC, TPO, EPDM, and others.
  • By application, the market is divided into roofing, walls, flooring, basement, tunneling, and others.
  • Geographically, the global waterproofing chemicals market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

Key Findings

  • The global waterproofing chemicals market is projected to reach USD 32,915.00 million by 2023 at a CAGR of 9.86%.
  • The Asia Pacific is accounted for the largest share due to the high penetration of major end-use industries in the region.
  • China is the largest market not only in the Asia Pacific but also in the global market.
  • Bitumen held over 52% of the market in 2016 owing to its easy availability and relatively low price.
  • Roofing and walls together hold more over 50% share of the market and are expected to be the dominant end-user for waterproofing chemicals market across all regional segments during the forecast period.

Geographic Analysis

The global waterproofing chemicals market has been estimating to grow at a CAGR of 9.86% during the forecast period 2017-2023.

Geographically, Asia Pacific is dominating the market due to the growth of major end use industries such as building & construction, in the region. Among application segments, roofing is dominant in the global waterproofing chemicals market, during the forecast period.

The report covers brief analysis of geographical region includes China, India, Japan, Germany, France, UK, Russia, Italy, France, US, Canada, U.A.E., Saudi Arabia, Brazil, Argentina, Mexico

Category: Chemical Market Research Reports

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Paint and Color stand weak!

The Indian paint and varnish market is expected to reach significant height is recent domain. The per capita paint consumption in India is very weak as compared to the advanced western nations.

The report Paint and Varnish Market in India to 2022 offers the most up-to-date industry data on the actual market situation, and future outlook for paints and varnishes in India. The research includes historical data from 2011 to 2017 and forecasts until 2022 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in a readily accessible document with clearly presented tables and graphs.

Paint and Varnish Indian Market
India Paint and Varnish Market | Forecast 2022 by Aarkstore

The report helps answer the following questions:

  • What is the size of the paint and varnish market in India?
  • How is the market split into different types of paints and varnishes?
  • How are the overall market and different product types growing?
  • How is the market predicted to develop in the future?

The latest industry data included in this report:

  • Demand for paints and varnishes, 2011-2022
  • Paint and varnish market size by product type, 2011-2022
  • Growth rates of the overall market and different product segments, 2011-2022
  • Shares of different product segments of the overall market, 2011, 2017, and 2022

The market data is given for the following product segments:

  • Paints and varnishes (non-aqueous, polyester based)
  • Paints and varnishes (non-aqueous, acrylic/vinyl polymer based)
  • Paints and varnishes (non-aqueous, other polymer based)
  • Paints and varnishes (aqueous, acrylic/vinyl polymer based)
  • Paints and varnishes (aqueous, other polymer based)
  • Other paints and varnishes

Among the key reasons to purchase include the following:

  • Gain an outlook of the historical development, current market situation, and future outlook of the paint and varnish market in India to 2022
  • Track industry developments and identify market opportunities
  • Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
  • Save time and money with the readily accessible key market data included in this PDF format industry report. The data is clearly presented and can be easily incorporated into presentations and internal reports.

CategoryChemical

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Furfural Market Global Industry Insights

Furfural MarketThe market for Furfural has been covered under the scope of this report. Furfural is produced from agricultural waste and it is a colorless oily liquid with a benzaldehyde-like odor. Its chemical name is 2-Furaldehyde with molecular formula C5H4O2. The global furfural market has been segmented on the basis of raw material, application, and region. It also provides a cross sectional study of the global furfural market across broad regional segments such as North America, Europe, Asia-Pacific (APAC), Middle-East & Africa (MEA) and Latin America under its scope. The market is primarily being driv

en by the rising demand of furfural for production of furfuryl alcohol, growing penetration of solvent application of furfural and expansion of production capacity by producers among others.

 Primary Interviews Breakdown By Designation

 A complete analysis of market dynamics, which include the market drivers, restraints, and opportunities, is included under the scope of the furfural market report. Market dynamics are the distinctive factors that influence the growth of any specific market and hence are invaluable in studying the current trends in the global market. Market dynamics for the different segments, namely technology, type, and application, have been covered separately, under the purview of the report. Additionally, the pricing dynamics for each region has also been covered under the scope of the report. The pricing dynamics focuses on the price range of furfural, in each region, and details the reasons for rising or fall in prices of furfural. Thus, this report provides an exhaustive study of the global furfural market and also provides the forecast of the furfural market for the period from 2017 – 2025.

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 Primary Interviews Breakdown By Geography

 Under the scope of the report on global furfural market, several high-level analyses have been covered. This includes the product-market trend analysis, product lifecycle analysis, Porter’s five forces analysis and market attractiveness analysis. Market evolution analysis discusses regarding the product evolution and current market scenario. Key trends analysis discusses the current and upcoming trends of the furfural market. Product lifecycle analysis analyzes the current life cycle stage of the product in the five wide geographic regions, such as whether the product is approaching maturity in a region or whether it is a new entrant etc. Porter’s five forces analysis provides insights on the competitive scenario, with regards to new entrants, substitutes, buyers, and suppliers. The patent analysis discusses on the various patents being filed and granted, across the different patent offices. For providing a detailed insight into the global furfural market, the market attractive analysis has been provided in the report. Market attractiveness analysis details the investment attractiveness, by each technology, type, application, and geography.

  Global Revenue Forecast By Raw Materials (2016 Vs 2025)

 The competitive profiling of the key players in the global furfural market and their capabilities, as well as major customers, has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report.

Some major players in the market are: Hongye Holding Group Corp., Ltd. (China), Central Romana Corporation (Dominican Republic), Tieling North Furfural (Group) Co. Ltd. (China), Illovo Sugar Ltd. (South Africa), Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China), Arcoy Biorefinery Pvt. Ltd. (India), Silvateam S.P.A. (Italy), Lenzing AG (Austria), Penn A Kem LLC (The U.S.) and Tanin Sevnica D.D among others.

The market has been segmented as follows:

Furfural Market, by Raw Material

  • Corn Cobs

  • Rice Husk

  • Bagasse

  • Others

Furfural Market, by Application

  • Furfuryl Alcohol

  • Solvents

  • Pharmaceutical Agents

  • Others

Furfural Market, by Region: