Press release
Vinyl Toluene Market Growth by Key Players: Deltech Corporation, Ashland Inc, The Dow Chemical Company, Wacker, BASF, Jiangsu Zhengdan Chemical, Jiangsu Danhua Group, RX MARINE INTERNATIONAL, Nanjing E-Strong Technical Co., Ltd.
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Global Vinyl Toluene Market size will have an exponential growth in coming years owing to its wide application in paints & coatings industry. It is a colorless liquid with aromatic odor and is sold as a mixture of isomers or functional monomer.
Prominent application of vinyl toluene monomer is in coating industry as oil modified alkyds and drying oil modifier. These modified alkyds have benefits of fast drying, color retention property, excellent solution color, durability, and good chemical resistance. Fast drying alkyds produces paints & coatings for indoor industrial applications and other purposes were instant drying of paint is a vital factor to consider. These paints and coatings manufactured by vinyl toluene are applied with the help of various methods that includes dip, brush and spray. This in turn would provide ease in recoating of paint and is useful in maintenance and refinishing. Paints and coatings industry had crossed USD 200 billion worldwide in 2015 and is projected to surpass USD 350 billion till 2024. Positive outlook of this industry is likely to drive vinyl toluene market in seven years.
However, there are certain challenges in handling vinyl toluene monomer such as the person needs to wear protective clothing, impermeable gloves are required and it must be used in sufficiently ventilated area. It needs to be protected from direct sunlight, storage temperature must be below 75 degrees Fahrenheit. It has to be blended with tertiary butylcatechol to avoid polymer formation. These factors might hinder growth of vinyl toluene market in coming years.
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Based on form, the market is segmented as vinyl toluene monomer and vinyl toluene isomer. Various application of the product includes unsaturated polyester resins, resins modifier, oil modified alkyds, and modifier of drying oil. End-user industries dealing these applications are paints and coatings and resins.
Key manufacturers in global vinyl toluene market include Deltech Corporation, Ashland Inc, The Dow Chemical Company, Wacker, BASF, Jiangsu Zhengdan Chemical, Jiangsu Danhua Group, RX MARINE INTERNATIONAL, Nanjing E-Strong Technical Co., Ltd. and Nanjing SF Chemical Equipment Co., Ltd.
Market share calculation in this report is not done based on companies covered in it. The calculation of vinyl toluene market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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