Alkyd surface coatings are the most highly consumed types of coatings used worldwide, despite the increasing use of other film formers. These coatings can be tailored to meet a variety of end-use requirements through the choice and ratio of reactants and/or modifiers. Alkyd resins are polyester-based materials that are typically modified with oil or fatty acids.
Increasing demand for paints & coatings, printing inks and cosmetics products should boost industrial solvents market size. They have increased usage in pharmaceutical sector as these products are formulated to attain specific properties of getting dissolved in various medicinal drugs, thereby stimulating product demand.
The global nitrocellulose market size was estimated at USD 649.1 million in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. The upsurge in consumption of nitrocellulose-based inks in coatings & paints industry across emerging economies, such as India, China, Vietnam, and Colombia has a positive influence on the market growth.