Alkyd Coating Market Report 2026

The alkyd coating market size has grown strongly in recent years. It will grow from $26.74 billion in 2025 to $28.75 billion in 2026 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to expansion of construction activities, widespread use of solvent borne coatings, growth in metal fabrication industries, demand for durable decorative paints, availability of petroleum based raw materials.

The alkyd coating market size is expected to see strong growth in the next few years. It will grow to $38.38 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to transition toward eco friendly coatings, growth in waterborne alkyd adoption, rising infrastructure maintenance spending, increasing automotive refinishing demand, advancements in alkyd resin modification. Major trends in the forecast period include low voc alkyd formulations, shift toward waterborne alkyd coatings, rising demand for corrosion resistant industrial coatings, increased use in infrastructure refurbishment, growing preference for cost effective long life coatings.

The growing automotive industry is expected to support the expansion of the alkyd coating market going forward. This industry involves the design, manufacture, and sale of motor vehicles, including cars, trucks, motorcycles, and their components. Its growth is driven by economic development, which increases vehicle affordability, and innovations such as electric and autonomous vehicles, which boost consumer interest. Alkyd coatings are widely used in automotive applications due to their durability, flexibility, and strong resistance to weathering and wear. For instance, in April 2024, according to the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international trade association, global motor vehicle production reached 93,546,599 units in 2023, up from 84,830,376 units in 2022, a roughly 10.1% increase year on year. Therefore, the growing automotive industry is driving the growth of the alkyd coating market.

Major companies operating in the alkyd coating market are focusing on developing innovative solutions, such as biobased waterborne alkyd coating, to enhance sustainability and reduce environmental impact. Biobased waterborne alkyd coatings are eco-friendly paints made from renewable natural resources mixed with water, reducing VOC emissions and promoting sustainability. For instance, in January 2024, Worlée Chemie GmbH, a Germany-based provider of chemical raw materials, collaborated with Baril Coatings, a US-based producer of high-performance industrial coatings, to demonstrate the first biobased industrial coating, a high-performance, waterborne alkyd coating that incorporates bioMPA (3-methyl phthalic anhydride) to replace the fossil-based ingredient phthalic anhydride. By replacing traditional coatings with biobased alternatives, the project aims to enhance environmental sustainability. The partners are committed to further developing this technology and exploring its potential applications across various industries, signaling a promising shift towards greener solutions in coating materials.

In July 2024, Sheboygan Paint Company, a US-based paint manufacturer, acquired Bradley Coatings Group for an undisclosed amount. Through this acquisition, Sheboygan Paint Company aims to enhance its product range across water, solvent, and radiation cure technologies by integrating Bradley Coatings' production, ensuring a seamless customer transition and reflecting its commitment to expanding offerings. Bradley Coatings Group is a US-based producer of specialty coatings and offers water-based alkyd coatings.

Major companies operating in the alkyd coating market are Sherwin‑Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paints Co Ltd, Axalta Coating Systems, Asian Paints, Jotun A/S, Hempel A/S, Benjamin Moore, Teknos Group, Chugoku Marine Paints Ltd., Specialized Coating Systems, Thomas Industrial Coatings, Angel Coating Pvt, G and C Coatings & Industrial Services, Goa Paints, Protek Paint Ltd, Dunn‑Edwards Corporation, Kelly‑Moore Paints, Diamond Vogel Paints, National Paints Factories Co., TOA Paint.

Asia-Pacific was the largest region in the alkyd coating market in 2025. The regions covered in the alkyd coating market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alkyd coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The alkyd coating market consists of sales of architectural coatings, furniture finishes, floor coatings, wood stains, and agricultural equipment coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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