Recently, due to the depletion of natural resources and raising environmental and economic concerns regarding petroleum derivatives, the creation of novel ecologically friendly and sustainable materials made from bio-based and renewable resources is gaining popularity. Alkyd resins are synthetic resins in which both renewable (fatty acids, glycerol, oil, etc.) and nonrenewable (maleic anhydride, pentaerythritol, phthalic anhydride, etc.) raw materials are used in their production. Due to their superior performance (good aging, greater weather resistance and high heat resistance, outstanding gloss, etc.) over other resins, easy application, low cost, and varied use, in the coating and paint industries, they are commonly used. This review covers the studies on bio-based monomers used instead of nonrenewable ones in the production of alkyds. The effects of substituted bio-based monomers on the final properties (adhesiveness, drying times, hardness, tackiness, etc.) of produced alkyds and coatings are also discussed in detail.