Alkyd Coating Global Market Report 2026

Alkyd coating refers to a type of paint or protective layer created from alkyd resins mixed with solvents, pigments, and additives to achieve desired properties. It is valued primarily for its excellent adhesion and resistance to wear and weather, making it suitable for use on metal, wood, and masonry surfaces.

The main types of alkyd coatings include non-drying, drying, and semi-drying. Non-drying alkyd coatings are a specific variety that does not undergo a traditional drying or curing process. These coatings can be produced through various methods, such as the fatty acid process and the glyceride process, and they come in multiple formulations, including high-solids alkyds, waterborne alkyds, modifying alkyds, solvent-borne coatings, and powder coatings. Alkyd coatings are utilized across various industries, such as decorative coatings, industrial coatings, and automotive coatings, serving a diverse range of end users, including the automotive sector, architecture, marine industry, food and beverage sector, and appliance manufacturing.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have increased cost pressures in the alkyd coating market by raising prices of imported resins, solvents, and specialty additives used in coating formulations. These measures have disrupted global supply chains and impacted industrial and automotive coating manufacturers, particularly in regions reliant on cross border chemical trade such as Asia Pacific and Europe. At the same time, tariffs have encouraged localization of raw material sourcing and domestic production, supporting regional suppliers and driving innovation in alternative and cost optimized alkyd formulations.

The alkyd coating market research report is one of a series of new reports from The Business Research Company that provides alkyd coating market statistics, including alkyd coating industry global market size, regional shares, competitors with a alkyd coating market share, detailed alkyd coating market segments, market trends and opportunities, and any further data you may need to thrive in the alkyd coating industry. This alkyd coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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, Worlee 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.

Alkyd Coating Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses alkyd coating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for alkyd coating ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The alkyd coating market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Non Drying; Drying; Semi Drying
• 2) By Process Type: Fatty Acid Process; Glyceride Process
• 3) By Formulation Type: High Solids Alkyds; Waterborne Alkyds; Modifying Alkyds; Solvent Borne Coatings; Other Formulation Types
• 4) By Application: Decorative Coatings; Industrial Coatings; Automotive Coatings; Other Applications
• 5) By End Use Industry: Automotive Industry; Architecture Industry; Marine Industry; Appliances; Other End Use Industries
• Subsegments:
• 1) By Non Drying: Linseed Oil-Based Alkyds; Soybean Oil-Based Alkyds
• 2) By Drying: Short Oil Alkyds; Medium Oil Alkyds; Long Oil Alkyds
• 3) By Semi Drying: Semi-Drying Oil Alkyds; Modified Alkyds
• Companies Mentioned: 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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