"In-Depth Study on Executive Summary Europe Alkyd Resin Market Size and Share
Data Bridge Market Research analyses that the Europe alkyd resin market is expected to reach the value of USD 1,856.81 million by 2030, at a CAGR of 4.0% during the forecast period.
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Europe Alkyd Resin Market Landscape
The Europe Alkyd Resin Market is segmented based on type, application, and end-use industry. In terms of type, the market is categorized into Short-Oil Alkyd Resin, Medium-Oil Alkyd Resin, and Long-Oil Alkyd Resin. Short-Oil Alkyd Resin is expected to witness significant growth due to its versatility and usage in various applications. When it comes to applications, the market is segmented into Paints & Coatings, Plastics, Additives, and Others. The Paints & Coatings segment dominates the market as alkyd resins are widely used in the formulation of paints due to their excellent adhesion properties. Considering the end-use industry, the market caters to Building & Construction, Automotive, Furniture, Packaging, and others, with the Building & Construction sector holding a major share owing to the increasing demand for eco-friendly coatings.