Oil based paints and their composition

Oil Based plants

Oil-based paints typically dry slower because they contain particles of pigment suspended in the drying oil. Substances such as turpentine and white spirit are used as solvents to optimize viscosity for this product. Consumers also use varnish to increase the shine of the dried paint film. The thickness of the paint layer determines the drying time associated with this product.

Oil-based paints essentially use natural (linseed) or synthetic (alkyd) oil as a base. The low price and high durability associated with alkyd support the entry of this raw material into the market. Oil based paints are commonly used in applications including indoor and outdoor house painting as well as renovations.

In addition, the properties of this product allow efficient coverage in terms of painting metal surfaces. These paints adhere to the metal surface. Oil based paints have hard wear properties that make this application perfect. Additionally, the product is obtained in a dazzling range of colors which makes it suitable for interior and exterior use on materials such as wood as well as metals.

This in turn protects metallic materials like fences from rusting. From a consumer point of view, paint offers a higher ROI in terms of metal painting applications. This is mainly due to the reduction in maintenance costs. The product prevents the metal surface from oxidizing.

market Outlook:

The use of this product was first recorded within Asia in the 7th century AD. Some remnants of its use are recorded in Buddhist paintings throughout Afghanistan. In the 12th century, oil-based paints were used within Europe for decorative purposes. The product was adopted as an artistic medium in the early 15th century. To date, oil-based paints are commonly used in finishing and protecting exposed metal structures and buildings. Verticals such as shipbuilding account for a major segment of the value chain for this market. The low drying properties of oil based paints complement its application in areas such as paint-on glass animation.

Substitute products such as water based and latex paints also account for major segments of the paint industry. Latex paints are a popular choice for consumer applications such as painting walls and ceilings. This is mainly due to the short drying time associated with the product. However, latex paints have less durability than oil based paints under low temperature conditions. Additionally, vibrant colors for oil based paints act as a driver for this market. Water based paints have a smaller range of colors which limits the applications of the product.

One of the major market limitations of this product is the presence of high levels of VOCs (Volatile Organic Compounds). VOCs have a high degree of vaporization under normal room temperature conditions. This in turn causes air quality problems in the surrounding area. Therefore, applying these paints in a closed environment gives off an unpleasant odor. Hence proper ventilation is required while using these paints. Additionally, in terms of masonry use- oil based paint cannot be used directly on the surface of drywall. An adequate primer is one of the major requirements of this product.

Oil based paint market stability

Due to the high content of VOCs, oil-based paints need to be disposed of with caution. Therefore, they are considered as hazardous waste materials. Therefore factors such as the growth of sustainable practices among chemical industries act as a hindrance to this product. Product options such as low-VOC or no-VOC interior paints and other safer alternatives are being designed for industrial and home applications.

According to the US EPA (Environmental Protection Agency), poor indoor air quality represents one of the top 5 health threats facing the population. Paints, varnishes and solvents are considered to be one of the major contaminants in indoor closed environments. The VOC content is higher as compared to water based paints as well as latex paints. Studies say that constant exposure to VOCs can lead to nausea, respiratory problems as well as an asthma attack. Long-term exposure is also associated with the onset of liver and kidney diseases. Considering the health concerns, governments are trying to create a green alternative for this product.

Ceramic paints are considered to be one of the major competitors in this market. This is a standard interior wall paint that uses ceramic beads as the main ingredient. The base material adds to the paint’s washability as well as durability. Ceramic paints are highly stain-resistant and last longer than traditional paints.

The use of ceramic beads as an alternative to organic solvents reduces the VOC content associated with this product. Therefore, the potential market penetration for this market is expected to increase rapidly. This is mainly due to the increasing awareness of consumers about sustainable solutions. In addition, industries are focusing on adopting green technologies which thereby support the inclusion of a circular economy.

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