The
global vinyl toluene marketwas valued US$ X.35 Bn in 2019 and is expected to reach XX.12 Bn by 2027, at a CAGR of X.8% during a forecast period.
Global Vinyl Toluene Market
Market Definition:
Vinyl toluene is a colorless liquid with a sturdy, unpleasant odor. Mainly used as a monomer in the manufacture of plastics and have wide applications in paints and surface coatings industries. Further, it acts as an intermediate in the synthesis of certain pesticides.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
The major application of vinyl toluene is linked with the coating sector and as significant growth in the construction industry is recorded in the base year which is expected to create numerous opportunities for market growth. Vinyl toluene monomers are extensively popular as a modifier in coating industries named as modified alkyds and drying oil modifier. Properties of the abovementioned modifiers have some advantages after application, for instance, rapid drying, durability, excellent chemical resistance, good solution color, and color maintenance property of the product are fulfilling the consumer's demand and hence market is observing unstoppable growth from the base year.
On the other hand, targeted product to gain popularity in the resins modification application from numerous sectors like paper coating oil ink, hardware coating, aerosols, metal furniture, pre-finishing, primers, industrial machinery enamel, and others are attracting the consumers and investor to invest in the market will simultaneously help the market to grow. A significant growth in the end-use industry such as automotive, marine, electronics in developing and developed economies is likely to boost the market demand in the coming years as well.
Moreover, product handling and complications during application at the workplace are expected to hamper the market growth during the forecast period. The harmful effect after application is considered as market restraint.
Vinyl Toluene Market Segment analysis:
By the application segment, the resin coatings sector is expected to dominate the vinyl toluene market currently and in the future. Resin coating segments have registered the largest market share in the year 2019. Approximately 40.32% of the total market share is documented by resin coating. The high demand of material because of noticeable properties like dimensional stability, chemical resistance, toughness, stiffness, thermal resistance, flexibility, at high temperatures of the material are expected to boost the market demand.
Vinyl Toluene Market Regional Analysis:
Regionally, APAC is expected to dominate the Vinyl Toluene market and is expected to grow at a CAGR of XX % during the forecast period. Developing regions like India and China are considered as the major contributors to the Vinyl Toluene market growth in the Asia Pacific region. Regulatory directives and support from the government are expected to drive demand over the forecast period. The development in technology and upsurge in funds in R&D with government support will be the key reason for the growth of nano paints & coatings, with collective usage in several applications.
The objective of the report is to present a comprehensive analysis of the Global Vinyl Toluene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Vinyl Toluene Market dynamics, structure by analysing the market segments and project the Global Vinyl Toluene Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Vinyl Toluene Market make the report investor’s guide.
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Global Vinyl Toluene market, By Type
• 2-Vinyltoluene
• 3-Vinyltoluene
• Others
Global Vinyl Toluene market, By Application
• Resin Coatings
• Composites
• Vinyl Resin
• Others
Global Vinyl Toluene Market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Vinyl Toluene Market,
• Jiangsu Zhengdan Chemical Industry Co., Ltd
• Jinan Haohua Industry Co., Ltd
• Deltech Corporation
• The Dow Chemical Company
• RX MARINE INTERNATIONAL
• Nanjing E-Strong Technical Co.Ltd
• Nanjing SF Chemical Equipment Co., Ltd
• GFS Chemicals, Inc
• Aldon Corporation
• Hudson Chemicals
• Ashland Inc
• Wacker
• BASF
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