Global Alkyd Coatings Market to Reach $54.9 Billion by 2030
The global market for Alkyd Coatings estimated at US$30.3 Billion in the year 2022, is projected to reach a revised size of US$54.9 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030. Non-Drying Alkyd Resins, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$24.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Drying Alkyd Resins segment is readjusted to a revised 6.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 12.4% CAGR
The Alkyd Coatings market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.Select Competitors (Total 22 Featured) -
- 3M Co
- Akzonobel N.V
- Basfe Se
- Hempel A/S
- Kansai Paints Co., Ltd
- Nippon Paints Co., Ltd
- PPG Industries, Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
- Wacker Chemie AG;
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Co
- Akzonobel N.V
- Basfe Se
- Hempel A/S
- Kansai Paints Co., Ltd
- Nippon Paints Co., Ltd
- PPG Industries, Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
- Wacker Chemie AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 83 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 30.3 Billion |
Forecasted Market Value ( USD | $ 54.9 Billion |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |