Over the years efforts have been made to design eco-friendly specialty chemicals from natural renewable resources. Among different renewable resources vegetable oils obtained from various seeds spotted largely due to their unique properties, functionalities and worldwide abundant availability. In the present review article efforts have been made to highlight the inside of the alkyd resins; oldest polymeric resin derived from vegetable oils, with respect to time to time technological modifications to improve the practical utilities. In view to reduce the use of organic solvents, synthesis and application of different types of water-born alkyds were enlightened in detailed. Furthermore, utilization of nontraditional and nonconventional seed oils in the development of versatile resin also accounted which ultimately provides profitable utilization to them as well as reduces the cost of final products.