Harrisburg, NC -- (SBWIRE) -- 01/25/2019 -- The Global Vinyl Surface Coatings Market Study, 2019 – 2025: Vinyl Surface Coatings is a semi-crystalline polymer which is commonly called as Nylon 6. This strategy report describes the global Polyamide market, with focus on major countries and their subsequent demand for different applications.
Vinyl Surface Coatings Market Application At Regional And Country Level Will Be Provided:
Vinyl Surface Coatings Market analysis for demand at regional and country level
Business opportunity assessment
Macro-economic factors like GDP, population and world economic integration
Strategic issues and recommendations
The Global Vinyl Surface Coatings Market was valued at $1,587 million in 2016 and is expected to garner $2,433 million by 2023, registering a CAGR of 6.3% during the forecast period 2019 - 2025.
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The Major Players In The Vinyl Surface Coatings Market Are:
Arkema Inc., Hexion Inc., Gellner Industries LLC, Caplugs, APV Engineered Coatings, Key Resins Co.
Vinyl Surface Coatings Market By Application:
Industrial, construction, printing inks, automotive, and others.
The Study Covers Demand Analysis For Regions Like: U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Turkey, China, Japan, India and South Korea.
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Executive Summary:
Paints & Coatings market is estimated over 47 million tons in 2017 with Asia-Pacific leading the global demand with 48% consumption. China alone accounts for one-third of the global paints & coatings demand. Other important regions include North America and Western Europe accounting for 33% of the global demand. Asia pacific will remain the leading consumer of paints & coatings during forecast period and will further increase its global dominance. Decorative coatings account for a major share with 45% global consumption followed by industrial & protective coating. In terms of base material used, water based coatings dominate the paints & coatings market with 51% global consumption. Solvent based coatings are also major part of paints & coatings industry accounting for around 45% of the global paints & coatings market. Powder based and other types constitute 4% of the global market. In forecast period, the solvent based coatings are expected to grow at a slower rate on account of strict environmental regulations regarding emission of volatile organic compounds (VOCs) in developed as well as developing countries. On the other hand water and powder based paints & coatings are expected to grow at a CAGR of 4-5% during the forecast period globally.
Paints and Coatings are manufactured using raw materials such as polymer resins, pigments & fillers, additives and solvents. In terms of raw material type required, resins account for around 45% followed by pigments and fillers with 30% of the global paints and coatings demand. Resins used for production of paints and coatings are acrylic, urethane, alkyd and epoxy which acts as a binder in paints industry. Solvent comprises around 20% and constitutes alcohols, esters, ketones, glycols and glycol ethers. Oxygenated solvents have higher demand in paints and coatings formulations with more than 50% demand in paints and coatings products. Sub segments of additives used in paints & coatings include rheology modifiers, surfactants, biocides, foam control and others.
Major types of paints and coatings included the Prismane Consulting's Global Paints & Coatings 2019 World Analysis are decorative coatings, industrial coatings, marine coatings, polyurethane coatings, powder coatings, wood coating, optical coating and textile coatings. Protective coatings are used in diverse industrial markets to protect metal, concrete structures, surfaces from tough environmental conditions and exposure to other chemicals including acids, alkalis, and solvents. Primary function of these coatings is to protect the substrate against corrosion and erosion. Besides this, some of the coatings also offer excellent aesthetic appearance to the substrates. Thermal insulation coatings have been growing at a faster pace and are applied to different surfaces to form a protective finishing and provide resistance to heat. It has low conductivity towards heat which reduces heat loss in various equipments, thus improving their performance. Developments in manufacturing, automobile, industrial sectors and nanotechnology are expected to influence the market positively. Moreover, increase in demand from aerospace, defence, marine and transportation sector will also support the growth of paints & coatings. Increasing production of automobiles in Asia-Pacific region has driven the overall paints and coating market in the region.
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The Report Provides Answers To The Following Key Questions:
How big is the Vinyl Surface Coatings market?
How is the Vinyl Surface Coatings market evolving by demand, segment and region?
What will the Vinyl Surface Coatings market size be in 2025 and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Historical and future price trends for Vinyl Surface Coatings.
The Report Covers The Following Topics:
– Vinyl Surface Coatings Market data in term of volume and value for each end-use at regional and country level
– Vinyl Surface Coatings Market analysis for production capacity, demand, at regional and country level
– Supplier profiles
– Market analysis and forecasts from 2005 till 2025
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