Vinyl Toluene Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1588
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.
Vinyl toluene is extensively consumed in resins modification and these modified resins are used in aerosols, enamels maintenance, paper coatings oils, ink varnishes, hardware enamels, brushing enamels, multi-color finishes, metal furniture, primers, pre-finishing of production line, and machinery enamels. The compound blending in paints offers high compatibility with aliphatic and aromatic solvents and enhances its flexibility. Vinyl toluene alkyds are used in some systems as blending resins to speed up drying time and develop early hardness. The multiple benefits and varied applications is anticipated to boost vinyl toluene market between 2017 and 2024.
Copolymerization of the compound with other monomers viz maleic anhydride, methacrylate, divinylbenzene, butadiene, acrylonitrile, and acrylate produces products having varied physical properties. Vinyl toluene monomer acts as a substitute of styrene monomer in compounds like unsaturated polyester resins, where less shrinkage combined with temperature cures are desirable. Polyester resins formulated by these monomers exhibit higher flash point and lower vapor pressure. Market size of unsaturated polyester resins in 2014 was USD 1.5 billion in construction application. Flourishing construction industry is projected to influence vinyl toluene market during the forecast period.
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.
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.
Asia Pacific had contributed substantially in global vinyl toluene market in past five years and is anticipated to depict similar scenario during the forecast period. Infrastructural development in India and China owing to boost in commercial and residential projects had increased consumption of paints & coatings in the region. Germany, France and Italy had seen tremendous growth in its industrial sector during past decade and still has potential for its growth. Fast drying alkyds are used in these industries at a significant pace that includes vinyl toluene blending. This in turn had made Europe a considerable contributor in vinyl toluene market.
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.
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