The Global Alkyd Resins Market was valued at USD 24.48 Billion in 2023 and is projected to reach USD 46.42 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. This robust growth is fueled by rising demand from the construction and automotive industries, increasing infrastructure development in emerging economies, and a significant shift toward high-solid and water-borne alkyd resins to meet stringent environmental regulations.

As the coatings industry pivots towards sustainability without compromising on performance, the focus intensifies on the key chemical manufacturers driving innovation in resin technology. In this blog, we profile the Top 10 Companies in the Alkyd Resins Industry—a mix of global chemical giants, specialty chemical producers, and regional leaders shaping the protective and decorative coatings landscape.

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🔟 1. AKZO Nobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Decorative Paints, Performance Coatings, Specialty Alkyd Resins

AKZO Nobel is a global leader in paints and coatings, with a vast portfolio that includes advanced alkyd resin technologies. The company supplies resins for a wide range of applications, from durable industrial coatings to high-quality decorative paints, leveraging its strong R&D capabilities.

Innovation Initiatives:

• Development of eco-friendly, low-VOC alkyd formulations

• Investment in bio-based raw materials for sustainable resin production

• Commitment to “People. Planet. Paint.” sustainability agenda

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Styrene-Acrylics, Alkyd Emulsions, High-Solid Alkyds

BASF’s coating division is a major supplier of binders and resins, including a comprehensive range of alkyd products. The company focuses on creating innovative solutions that enhance durability and environmental compatibility for various end-use sectors.

Innovation Initiatives:

• Pioneering water-borne alkyd technologies

• Expanding production capacity for bio-circular feedstock-based resins

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8️⃣ 3. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Synthetic Resins, Printing Inks, Alkyd Resins for Industrial Coatings

DIC Corporation is a leading global chemical company with a strong presence in the resins market. Its alkyd resins are critical components in high-performance coatings for automotive, appliance, and construction applications.

Innovation Initiatives:

• Focus on developing resins with improved weathering resistance

• Strategic partnerships to enhance Asian market penetration

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7️⃣ 4. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Coating Resins, Photocure Resins, Specialty Alkyds

Arkema offers a diverse range of coating resins through its flagship brands like Sartomer and Encor. The company’s alkyd resins are known for their excellent gloss retention and flexibility, serving demanding industrial and marine coatings markets.

Innovation Initiatives:

• Advancements in renewable resource-based resin chemistries

• Integration of acrylic modifications for enhanced alkyd performance

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6️⃣ 5. Allnex GmbH

Headquarters: Frankfurt, Germany
Key Offering: Liquid Resins & Additives, Radiation Curing Resins, Alkyd Resins

As a leading global producer of coating resins, Allnex provides a wide array of alkyd resins tailored for architectural, industrial wood, and general industrial coatings. The company is recognized for its technical expertise and customer-focused solutions.

Innovation Initiatives:

• Development of fast-drying and high-solids alkyd systems

• Global manufacturing footprint ensuring supply chain reliability

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5️⃣ 6. DSM (now part of Covestro)

Headquarters: Heerlen, Netherlands (formerly)
Key Offering: Sustainable Resins, Coating Solutions, Uralac® Alkyds

DSM’s coating resins business, now integrated into Covestro, was renowned for its Uralac® brand of alkyd resins. These products are widely used in coatings for furniture, fixtures, and consumer goods, emphasizing sustainability and performance.

Innovation Initiatives:

• Strong focus on powder coating alkyds and hybrid systems

• Leadership in resin technologies supporting circular economy principles

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4️⃣ 7. Synthopol Chemie GmbH

Headquarters: Buxtehude, Germany
Key Offering: Specialty Alkyd Resins, Polyesters, Additives for Coatings

Synthopol is a specialized manufacturer of binders for the coatings and printing inks industries. The company produces a range of alkyd resins known for their quality and consistency, catering primarily to the European market.

Innovation Initiatives:

• Customized resin development for specific customer applications

• Investment in sustainable production processes

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3️⃣ 8. Polynt S.p.A.

Headquarters: Scanzorosciate, Italy
Key Offering: Unsaturated Polyesters, Alkyd Resins, Specialty Chemicals

Polynt is a major player in the European composite and coating resins market. Its alkyd resins are used in high-performance applications, including corrosion protection coatings and industrial enamels.

Innovation Initiatives:

• Expansion of product portfolio through strategic acquisitions

• Focus on resins for the wind energy and transportation sectors

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2️⃣ 9. Nuplex Industries (part of Allnex)

Headquarters: Auckland, New Zealand (historically)
Key Offering: Coating Resins, Alkyds, Acrylics

Before its acquisition by Allnex, Nuplex was a significant global resin manufacturer with a strong focus on alkyd technology. Its legacy continues through innovative resin solutions for diverse coating applications across multiple continents.

Innovation Initiatives:

• Development of resins for extreme environmental conditions

• Strong R&D pipeline for next-generation coating technologies

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1️⃣ 10. Lawter (A Harima Chemicals Group Company)

Headquarters: Chicago, Illinois, USA
Key Offering: Hydrocarbon Resins, Tall Oil Rosin, Alkyd Resin Modifiers

Lawter, a Harima company, specializes in hydrocarbon resins and rosin esters that are critical components in modifying alkyd resins. Its products enhance the performance characteristics of alkyd-based coatings, inks, and adhesives.

Innovation Initiatives:

• Expertise in natural product chemistry for resin modification

• Strategic focus on bio-based and sustainable raw materials

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🌍 Outlook: The Future of Alkyd Resins Is Sustainable and High-Performance

The alkyd resins market is undergoing a significant transformation. While traditional solvent-borne alkyds still hold substantial market share, the industry is rapidly innovating with eco-friendly formulations, bio-based raw materials, and advanced resin technologies to meet evolving regulatory and performance demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of water-borne and high-solid alkyd systems to reduce VOC emissions

• Growing utilization of renewable resources like soybean, sunflower, and tung oils in resin production

• Increasing demand for durable coatings in infrastructure and automotive refinish applications

• Technological advancements leading to faster drying times and improved corrosion resistance

Get Full Report Here: Alkyd Resins Market – View in Detailed Research Report

The companies listed above are not only supplying essential raw materials—they’re driving the sustainable evolution of the global coatings industry.