Vinyl Surface Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4054
Vinyl Surface Coatings Market size is anticipated to witness substantial gains in the forecast timespan owing to its utilization in construction and manufacturing sectors. The product functions as a protective covering substance and helps to create barrier against surface deterioration. Rising manufacturing activities would foster industrial machines and tools utilization enhancing industry growth.
Vinyl surface coatings market from water-based is forecasted to grow at the end of 2025. The product owing to mechanical and thermal shock resistant properties is utilized to coat surfaces in manufacturing sector. Increasing consumer goods demand including electronics and textile will foster manufacturing activities globally which in turn would boost product demand.
Powder-based segment is anticipated to witness substantial gains at the end of 2025. Global automotive paints and coatings market is anticipated to grow over USD 27 billion by 2025. The product owing to flexible nature and chemical resistant characteristics is extensively utilized for coating automotive components. It can be mixed with additives to enhance product properties. Growing automotive sector due to rising consumer’s purchasing power will enhance industry growth.
Global vinyl surface coatings market size from food & beverage application is forecasted to witness substantial gains at the end of 2025. The product owing to acid & alkali resistant along with tasteless nature is used for coating cans in the food & beverage industry. Beverage can market is estimated to grow over 4.5% by 2024. Increasing carbonated drinks demand will have a positive impact on beverage can industry growth which in turn would enhance market size.
Vinyl surface coatings market from solvent-based is forecasted to grow at the end of 2025. Global screen-printing inks market is anticipated to grow over 4.5% by 2026. The product owing to good solubility and permanent flexibility is utilized as a binder for inkjet, screen printing, and gravure inks. Growing technological developments with rising R & D activities to manufacture environmentally friendly inks will positively impact product demand.
Global vinyl surface coatings market share from construction application is forecasted to witness substantial gains in the estimated time period. The product owing to good physical appearance and scratch resistant properties is widely used for manufacturing decorative coatings in construction sector. Increasing interior designing trends in construction sector will foster decorative coatings demand which will have a positive impact on vinyl surface coatings market growth.
North America led by Mexico, Canada and the U.S. vinyl surface coatings market size is projected to witness significant gains at the end of 2025 due to rising automotive industry in the region. The product owing to abrasion resistant and corrosion resistant properties is used for coating automotive parts and components. Increasing hybrid vehicles demand will boost automotive sector growth which in turn would drive product demand.
Presence of substitutes including acrylic and polyurethane coatings may hamper vinyl acrylic coatings demand. Also, Volatile Organic Compounds emissions may impact market profitability and industry price trends. However, increasing R & D activities to manufacture coatings with low VOC content may foster industry growth.
Europe driven by UK, Spain, Italy, France and Germany vinyl surface coatings market size is projected to amplify at the end of 2025. The product owing to good chemical stability and metal adhesion properties is utilized for coating metallic components in industrial sector to protect corrosion. Increasing technological advancements to streamline operations will foster industrial sector growth which will fuel product demand.
Vinyl surface coatings owing to low water absorption and chemical resistant properties are utilized for protecting metal surfaces from corrosion. Anti-corrosion paints market is anticipated to grow over 5% by 2025. Increasing demand of corrosion preventive paints and coatings for protecting metal structures will have a positive impact on market growth.
Asia Pacific market led by South Korea, Japan, India and China vinyl surface coatings market is projected to witness significant gains at the end of 2025 owing to rising construction sector in the region. The product owing to improved aesthetic properties is used for home decorating applications. Increasing residential and commercial construction activities in the region will fortify decorative paints and coatings demand which in turn would enhance market size.
Global vinyl surface coatings market share is moderately fragmented with major players includes Arkema, Gellner Industrial, PolyOne, Klumpp Coatings, Key Resins, APV Engineered Coatings and Caplugs. Companies are targeting on expansion by executing mergers & acquisitions, strategic alliance, and joint ventures owing to rising product applications in automotive, industrial, and construction sectors which may stimulate market growth.
Vinyl Surface Coatings Market, By Type, 2014-2025 (Kilo Tons) (USD Million)
- Solvent based
- Water based
- Powder based
Vinyl Surface Coatings Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Printing inks
- Food & Beverage
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- Gellner Industrial
- Klumpp Coatings
- Key Resins
- APV Engineered Coatings
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