On Thursday, a new coatings company, Architectural Sputter Coatings, announced that it has secured $200 million in financing.
Architectural Sputtering’s founder and CEO, Scott B. Roper, told Fortune the company has been “very busy” this year.
“We are building out the technology that makes the coating technology,” he said.
The company will also be developing coatings that are specifically designed for buildings and homes.
The coating industry is growing at a rapid pace.
The average coatings manufacturing company in the U.S. today produces around 1.5 million coats annually, according to a report from the Institute of Engineering and Technology in Singapore.
The market for coatings is expected to reach $20 billion in 2020, according the report.
Archives and archives have become the new hot topics in the field of archival materials, with many companies attempting to find a market in the industry.
In January, archival manufacturer, Archival Coating, was acquired by Archival Group, a subsidiary of the conglomerate, and the company will no longer be in operation.
Archival Coatings’ coatings, while still relatively new, are a bit of a hot commodity.
They are also much more expensive to manufacture.
“Archival coating is a lot of trouble to manufacture,” Roper said.
“So the price is right, but there is a bit to be said about that.”
The new coatons will be used in homes, churches, and archives to protect documents and artifacts, according Roper.
The coats are also being designed to prevent spatter from leaking into the environment.
Archive coatings have been used for more than 150 years to protect architectural designs, he said, but the new coatations will be much more durable than other coatings.
“It’s a matter of design,” Rimmer said.
He said that coatings will not only be able to protect against spatter but also will last much longer.
Archiving coatings cost around $50,000 per coat and can cost as much as $100,000 to manufacture, he added.
Archivist and preservationist John E. Miller, who has spent decades studying archival preservation in the United States, believes that the new technology will help preserve our documents.
“I think that it is a wonderful innovation,” Miller said.
Archivists are particularly concerned about the durability of coatings as they look to use them to protect objects that may not have been touched in decades.
“For a lot people, they think that archival is just going to be a piece of paper and that it will be wiped out by the next flood,” Miller told Business Insider.
“That is not true.
The coatings in the future will be designed to be able [to] withstand years of hard use and be able withstand years, even decades of abuse.”
The use of coatations in buildings is not new, but it is becoming more common in the wake of the global economic downturn.
The economic downturn hit many industries hard, particularly in the financial industry, and many corporations were forced to slash costs or lay off staff.
ArchivableArchives, a nonprofit that works with museums, institutions, and other institutions to preserve historical documents, said that in 2016, more than 200 institutions, museums, and historical societies reported layoffs.
Many institutions reported an increased demand for preservationists.
“This is a big one,” ArchivableArchive’s CEO, Michael Kowalski, told Business Insights.
“If there’s a lot more people working in the preservation industry, it means that we’re going to have to spend a lot less money on research, and more time in research.
We’re going a lot further down the line with preservation and research.”