AMA recognizes the following companies as the key players who are driving Alkyd Resin- market, some of them are Arkema, BASF – United States, Solvay, Synthomer plc., Mitsui Chemicals America, Inc., Wanhua Chemical Group Co., Ltd, Spolchemie, Evonik Industries, SAE Manufacturing Specialties Corp, ASK Chemicals LP, US Polymers-Accurez, LLC, Chroma Color Corporation, Von Roll USA, Inc. and Macro Polymers NA, LLC.

An analyst from AdvanceMarketAnalytics team said: “One of the key factors which is trending the market is “Fluctuating Crude Oil Prices Fuel the Alkyd Resin Market”. Considering the revolutionary changes occurring in this market, there is a growing demand from the use of Alkyd Resin- such as Non-Drying Alkyd Resins, Drying Alkyd Resins and Semi-Drying Alkyd Resins.

According to the report, some of the important driving forces behind the market growth are “Huge Demand for Automotive Refinish ”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Vendors, additional restraints impacting market are “Poor Chemical Resistance As Compared To Alkyd Resin ” which is continuously seeking attention of Industry Experts and Decision makers.

The study was conducted using primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market study and vendor landscape in addition to a SWOT analysis of the key Vendors.