Alkyd resins in primary forms market in Germany

Earlier Report Observations

From 2018 to 2021, the German alkyd resins market showed volatile movements. The initial market size of 213.9 million U.S. dollars in 2018 was supported by growing consumption in the paint and coatings industry, although fluctuating raw material prices increased production costs. Development of modified alkyd resins using bio-based resources gained attention in 2019, enhancing coating durability for exterior and industrial use. A focus on sustainable product development in 2020 helped maintain market activity, and in 2021, strong demand from the construction and automotive sectors, alongside the introduction of environmentally friendly coatings, drove a sharp increase to 215.4 million U.S. dollars.

Market growth continued into 2022, reaching 220.5 million U.S. dollars, fueled by rising use in industrial applications and protective coatings, as well as the development of low-VOC resins to meet stricter environmental regulations. By 2024, the market contracted to 147.8 million U.S. dollars. This decline was influenced by volatile raw material prices and global supply chain disruptions that raised production costs. Legislative changes, such as the expansion of the Supply Chain Due Diligence Act to larger companies, also affected market participants. Technological advances persisted, with BASF launching a new line of environmentally friendly alkyd resins, and demand from construction and automotive industries remained, but overall market volume fell.

Production alkyd resins in primary forms in Germany

In value, 2017-2020, M $ US

In Germany, the output of alkyd resins in primary forms was valued at 224.4 million US dollars in 2020, marking a modest increase of 4.9% compared to the previous year. Production reached its lowest point in 2019 at 213.9 million US dollars, while the peak was recorded in 2018 at 271.4 million US dollars. The largest decline occurred in 2019, with a drop of 21.2%. Over the period from 2017 to 2020, overall production decreased by 15.4%, which translates to an annualized rate of 5.4%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports alkyd resins in primary forms from Germany

Exports in kind, t

After two years of decline, exports of alkyd resins in primary forms from Germany saw a slight increase in 2020, with a volume of 48,221 tonnes, up 1.0% from the previous year. The lowest export volume was recorded in 2019 at 47,764 tonnes, which also saw the largest decline of 7.7%. From 2017 to 2020, exports decreased by 8.7%, with a compound annual growth rate of 3.0%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

Between 2017 and 2020, the Netherlands, France, and the United Kingdom were notable buyers of alkyd resins in primary forms from Germany, accounting for 18.6%, 16.8%, and 11.6% of exports in kind, respectively. However, their combined share of 46.9% did not dominate the export market.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of alkyd resins in primary forms declined for the second consecutive year, with a value of 112.0 million US dollars in 2020, remaining broadly stable year-over-year. The highest export value was recorded in 2018 at 128.1 million US dollars, which also saw the largest increase of 5.6%. The largest decline occurred in 2019, with a drop of 12.4%. Over the period from 2017 to 2020, exports decreased by 7.6%, with a compound annual growth rate of 2.6%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, Germany traded alkyd resins in primary forms with numerous countries. Even the top destinations—the Netherlands, France, and the United Kingdom—collectively represented only 41.7% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports alkyd resins in primary forms to Germany

Imports in kind, t

Imports of alkyd resins in primary forms into Germany declined for the third consecutive year, with a volume of 26,968 tonnes in 2020, reflecting a contraction of 2.5% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 21.1%, with a compound annual growth rate of 7.6%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

Throughout 2017 to 2020, Belgium, Italy, and Austria formed the key group of partners for imports in kind of alkyd resins in primary forms to Germany, accounting for 30.8%, 20.9%, and 14.7% of imports, respectively. Together, they represented 66.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's imports of alkyd resins in primary forms declined for the third consecutive year, with a value of approximately 53.0 million US dollars in 2020, marking a gradual decline of 6.2% from 2019. Over the period from 2017 to 2020, imports decreased by 28.1%, with a compound annual growth rate of 10.4%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Between 2017 and 2020, Austria, Belgium, and Italy continued to be the main suppliers of alkyd resins in primary forms to Germany, accounting for 24.0%, 23.5%, and 16.9% of imports in value terms, respectively. Collectively, they formed 64.3% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020