Vinyl Toluene Market to Rear Excessive Growth During 2024
Vinyl
toluene is a colorless liquid having an aromatic odor. It is usually
sold as a functional monomer or as a mixture of isomers. Vinyl
toluene is been used to modify alkyd resins since many years. The
addition of vinyl toluene compound provides higher compatibility with
both aromatic and aliphatic solvents which enhances the flexibility
in formulating paints. Vinyl toluene is extensively used in the
paints and coatings applications across various end-user industries.
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Vinyl
toluene is frequently used to dissolve varnishes and paints.
Formulation of fast dry paints helps in producing paints and coatings
for industrial indoor and other such applications. Fast drying of
paints proves to be a vital factor in the application of these paints
for these specific applications. Paints and coatings formulated by
vinyl toluene can be applied using various means such as spray,
brush, dip, etc. This makes recoating the paint easy and also makes
it useful particularly in refinishing and maintenance.
Improved
solubility of vinyl toluene based alkyd resins can offer the paints
formulators with several key advantages. Some of the key advantages
include, formulation of fast dry paints with aliphatic solvents,
formulation of fast dry paints which can be sprayed, rolled, brushed
or dip applied, formulation of low odor and low cost fast dry paints
and the formulation of coatings possessing excellent moisture
resistance, hardness and gloss. Some of the major applications for
vinyl toluene modified resins include machinery enamels, production
line pre-finishing, primers, toy and hobby finishes, metal furniture,
multi color finishes, industrial brushing enamels, hardware enamels,
ink varnishes, oils for paper coatings, general purpose fast drying
maintenance enamels and aerosols amongst others. Alkyds containing
vinyl toluene can also be used as blending resins in some other
systems in order to develop early hardness and speed up drying times.
The
major end-user industry of vinyl toluene is the paints and coatings
industry and the demand for vinyl toluene is anticipated to grow
parallel to the growth in the paints and coatings industry. Growing
population is Asia Pacific has led to an increase in demand for
construction activities across this region. Further increasing
urbanization particularly in countries such as China and India is
anticipated to increase the demand for more residential and
commercial construction. This increase in construction activities is
further expected to augment the demand for vinyl toluene in the near
future.
The
key market segments for vinyl toluene include North America, Europe,
Asia Pacific and Rest of the World. The demand for vinyl toluene was
the highest in Asia Pacific, followed by North America and Europe.
The markets such as North America are mature and are not expected to
grow by a huge margin over the next few years. Recovering
construction sector in these regions is anticipated to drive the
demand for vinyl toluene in the next few years. Due to the recent
increase in construction activities in emerging economies like India
and China the demand for vinyl toluene is expected to grow at a very
fast pace in this region in the near future. In the coming years,
China is expected to be one of the biggest manufacturers of vinyl
toluene used in paints and coatings. Vinyl toluene is also
extensively used in industrial coating applications. Hence the demand
for vinyl toluene is also anticipated to increase across the globe in
the next few years.
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The
key companies profiled for this market include Ashland Inc., and
Deltech Corporation among others.
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