Vinyl Surface Coatings Market Overview
Vinyl surface coatings are based primarily on vinyl acetate–based latexes that are used in architectural coatings, and solvent-based copolymers of vinyl acetate and vinyl chloride. The latexes are used mainly to make architectural (decorative) coatings. Vinyl surface coating is a thin layer of protective covering substance, deposited or applied on the surface of an object, mainly to improve its properties and create a protective barrier against surface deterioration due to the object’s reaction with its environment. Consumption of vinyl surface coatings grows in line with construction activity.
The global demand for vinyl surface coatings is envisioned to grow strong driven by consumption in major emerging markets. The global vinyl surface coatings market is expected to expand as a mid-single digit CAGR during the forecast period, owing to the increasing constructional activity & rising demand for cost-effective interior & exterior architectural coating, which is fueling the demand for vinyl surface coatings globally.
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Vinyl Surface Coatings Market Dynamics
Construction industry has been showing positive outlook since the last few years after a long period of decline. Increasing construction activity across the globe creates a huge space for vinyl surface coatings, especially for interior drywall and masonry sectors. And, due to low cost & high performance properties of vinyl surface coatings, global market for vinyl surface is likely to boost during the forecast period.
Professional contractors demand for versatile surface coatings, which fulfills all the needs of their customers such as abrasion and scratch resistance, fire and heat resistance, insulation against the flow of an electric charge, sealing ability and wettability, improved physical appearance and aesthetics and corrosion resistance, which is easily fulfilled by vinyl surface coatings. Because of all such properties of vinyl surface coating, the market is likely to gain momentum during the forecast period.
Increasing stringent environmental regulations to produce coating with little or no VOC has grown strongly, which leads the demand for vinyl surface coatings. Moreover, vinyl surface coating performance & cost effectiveness remains a workhorse of the coatings market, which are especially valued by the professional contractors.
Rapid growth in urbanization and changing people’s lifestyles are expected to drive the global construction industry in the upcoming years. Growing population and improving per capita spending on construction & infrastructure across the globe is expected to create a huge space for vinyl surface coatings in the global paint & coatings market.
Increasing demand for flexible exterior & interior coating for various applications including automotive, construction and industrial application, among others is likely to accelerate the demand for vinyl surface coatings.
However, stringent environmental regulations & volatile raw material prices are the some factors that hinder the growth of vinyl surface coatings during the forecast period.
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Vinyl Surface Coatings Market Segmentation
For a better understanding of the global vinyl surface coatings market, the global market is studied under product type, application and regions. By product type, global vinyl surface coatings market is segmented as a solvent-based vinyl surface coatings, waterborne (latex) vinyl surface coatings and powder vinyl surface coating. On the basis of application, global vinyl surface coatings market is segmented as automotive coatings, industrial coatings, construction sector (interior & exterior coatings), printing ink & others.
Vinyl Surface Coatings Market Regional Overview
The global market for vinyl surface coatings is analyzed under major regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The Asia Pacific region (including East Asia, South Asia & Oceania) is estimated to be dominating & fastest growing vinyl surface coatings market. The high growth in Asia Pacific is attributed increasing demand for environment-friendly coatings for growing construction activity. Europe is likely to be another prominent region holding a significant share followed by North America. Both the regions are growing with a moderate CAGR during the forecast period, as the consumption of vinyl resins is lower because of the competition from acrylic resins, especially in the do-it-yourself market.
Vinyl Surface Coatings Market Competition Landscape
The global market for vinyl surface coatings is dominated by major players and to enable in-depth assessment of the competition landscape, the report includes the analysis of major players. Some of the prominent players in the market are Arkema S.A., Hexion Inc, Gellner Industrial LLC, APV Engineered Coatings, Key Resins Co., PolyOne Corporation, Friedrich Klumpp GmbH, Plasti Dip International (Performix), Capron Manufacturing Company, Wacker Chemie AG, Protective Industrial Polymers and Celanese Corporation, among others.
The research report presents a comprehensive assessment of the Vinyl Surface Coatings market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Vinyl Surface Coatings market segments such as product type, application & region.
The Vinyl Surface Coatings Market report covers exhaustive analysis on:
- Vinyl Surface Coatings Market Segments
- Vinyl Surface Coatings Market Dynamics
- Vinyl Surface Coatings Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Vinyl Surface Coatings Market includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of Latin America)
- Europe (EU-4, BENELUX, Nordic, U.K., Eastern Europe, Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia (India, Malaysia, Thailand, Indonesia & rest of South Asia)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Vinyl Surface Coatings market segments and geographies.
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