Skip to main content

Readymade paint used with commercial purposes: foremost factors driving demand in Global Industry by 2020

Bituminous paints are paints containing high quantity of bitumen, a highly viscous, sticky and black colored liquid compound. Bitumen contains high quantity of hydrocarbons and is a petroleum product with tar like appearance. Bitumen is produced by fractional distillation of crude oil or crude oil based products. Crude oil is processed at a temperature generally between 300 to degree Celsius to 350 degree Celsius. Heated crude oil is then processed in a distillation column to separate light fractions of the oil by vaporization. 
The fractions with higher boiling point remaining in the distillation column are then processed in a vacuum distillation column. Vacuum distillation process leads to production of short residue which is then used to manufacture various grades of bituminous paints as per the end use. 

Application of bituminous paints include anti corrosive, protective coating, steel, wood, concrete, water proofing and timber among several others. Setting time for bituminous paints is dependent on the grade of the paint and generally varies from 6 hours to 24 hours. Bituminous paints were mainly used as waterproofing material for boats, with increasing research and development in the market the application of the paints have increased. Major end user industries for bituminous paints include construction, aviation, marine and furniture among others. 

Get the PDF Brochure for more Professional and Technical industry insights:  http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2714

Bituminous paints are supplied as ready to use and generally do not require any thinner or external agents to be added to the paints before use. Application of bituminous paints on the desired surface is commonly done using simple paint brushes, spraying and other such easy traditional painting techniques. Therefore, bituminous paints are easy to use, which has been among foremost factors driving demand for bituminous paints. Bituminous paints are mainly used for commercial purposes such as machinery, water tanks, pipes, etc. Owing to which, demand for bituminous paints is profoundly dependent on the industrial investments in any region. Macroeconomic factors such as GDP growth is also among major growth drivers for bituminous paints market.

Major feedstock required for the production of bituminous paints includes crude oil and its derivatives. Volatile pricing of crude oil has led to obscure profitability forecast in the bituminous paints market which is a major factor restraining market growth for bituminous paints.  Bituminous paints are hazardous to the environment and when released in water, pose severe threat to aquatic life. Furthermore, bituminous paints also cause several health hazards in humans including skin cracking, dizziness, etc. The health and environmental hazards associated with bituminous paints has led to surge in number of regulations to control the use of these paints which has been a major restraint for market growth. Increasing research and development activities to produce bituminous paints from bio based and renewable sources is anticipated to offer huge growth opportunity in the market.


Among all the regions North America dominates the global bituminous paints market followed by Asia Pacific. APAC is the second largest market for bituminous paints owing to the factors such as increasing industrial investment in the emerging economies of India and China. Demand for bituminous paint in Europe is anticipated to grow at a sluggish rate owing to increasing number of environmental regulations in the region. 
Some of the major players in the bituminous paints market include Juno Bitumix Pvt Ltd., Tianjin Haiyunda Metal Material Co., Ltd. and Hebei Tuohua Metal Products Co., Ltd. among others.

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...