Global Vinyl Surface Coatings Market Growth Scope Assessment Till 2026: Arkema, Gellner Industrial, PolyOne, Klumpp Coatings, Key Resins, APV Engineered Coatings, Caplugs
When talking about its types, solution vinyl surface coatings have been in use since mid-1930’s and are expected to provide a 30-50 year service life, as is evident by more than over 60 years of field performance data. In the early days, the product found its use across the marine and maintenance industries for application on gates and equipment where a traditionally old spray gun was required to apply the coating. However, this method saw a drastic change in 1970s where an airless spray equipment gained popularity. The coating of vinyl provided excellent impact, UV, and corrosion resistance for fluctuating atmospheric and immersion service conditions.
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Vinyl surface coatings market | Vinyl coating adoption across the United States
Considering the estimates rolled out by the Census Bureau in March this year, it has been observed that the overall construction spending in the US reached to a peak valuation of USD 1369 billion during January 2020, eventually providing a push to the adoption of vinyl resins for constructional and architectural businesses. Moreover, this increased spending on construction triggered the architectural coatings to foster at a rate of 3 per cent and more.
However, as the market statistic suggests, the consumption of vinyl resins across the region, during 2010-17 gradually decreased owing to the fierce competition from acrylic resins, primarily in the vinyl surface coatings market. This eventually prompted the coatings manufacturers to make a deal for selling architectural coatings with extremely low levels of volatile organic compounds. As a result, consumption of VAE emulsions, which could be formulated to produce coatings with almost little or no VOC found massive momentum globally, driving the sales of vinyl coating resins.
Vinyl methyl oxazolidinone (VMOX), is highly suitable as a reactive diluent in ultraviolet curing inks and coatings that can be used for digital UV printing, which is one of the applications of vinyl surface coatings market. Vinyl monomer has several technical benefits when compared to the conventional reactive diluents while also enabling innovative coatings formulations.
All in all, endorsing a decent application spectrum, worldwide popularity and a robust presence of industry mammoths, the global vinyl surface coatings market is expected to mark its name in the trillion dollar business over the upcoming years.
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