NEW YORK, May 18, 2021 /PRNewswire/ —
The global alkyd resin market is expected to grow by 223.32 thousand MT, according to Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 3%.
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The alkyd resin market is driven by the superior properties of alkyd resins. In addition, the increasing demand for paints and coatings is anticipated to boost the growth of the alkyd resin market.
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Major Five Alkyd Resin Companies:
- Akzo Nobel NV
- Arakawa Chemical Industries Co. Ltd.
- Arkema SA
- BASF SE
- Eternal Materials Corp. Ltd.
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Alkyd Resin Market Application Outlook (Revenue, th MT, 2020-2025)
- Architectural – size and forecast 2020-2025
- Industrial – size and forecast 2020-2025
- Automotive – size and forecast 2020-2025
- Others – size and forecast 2020-2025
Alkyd Resin Market Geography Outlook (Revenue, th MT, 2020-2025)
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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