Global Elastomeric Coating Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Elastomeric Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global elastomeric coating market report has been segmented on the basis of type, technology, application, and region.
Elastomeric Coating Market: Introduction
Elastomeric coating covering is applied onto substrate to serve functional, decorative, or protectoral purposes. Most common substrate type on which Elastomeric coatings are applied are metal, concrete, and plastic. Elastomeric coatings offer numerous physical properties such as enhanced finish, clarity, and gloss, superior hardness, and greater weather ability. These type of coatings holds greater film thickness than traditional paints and coatings. These coatings are primarily used as double coats to stop cracking of both film and surface. The key benefit of the elastomeric coating is increased durability and lifespan of material or object along with unaltered aesthetics of substrate. Major end-use industries using elastomeric coatings are transportation, buildings & construction, and marine, among others.
Elastomeric coatings have higher volume solid as compared to other conventional paints. Elastomeric coatings are utilized extensively on mineral surfaces that develop cracks because of temperature variation. Elastomeric coatings provide various advantages including high solid residue compared to paints, exceptional transparency, exceptional chemical and physical resistance, and glossy finish used with metals.
Elastomeric coatings are used to coat surface of plastic parts utilized in the automotive industry. These coatings can also be used on metals such as steel, that has a hydrophilic nature. Elastomeric coatings are applied on roofs to offer cooling effect and to protect concrete roofs.
Elastomeric Coating Market: Dynamics
Rising demand for elastomeric coating products across applications such as wall coating and roof coating in commercial and residential sectors is a major factor expected to drive the target market growth. In addition, growing adoption of elastomeric coating products in automotive sector is factor estimated to support revenue growth of the target market.
In addition, increasing demand for elastomeric coatings from commercial and residential sectors, coupled with huge demand for the energy-efficient roof systems are other factors projected to drive the target market growth.
However, high initial cost is a major factor expected to restraint growth of the global market to certain extent.
Elastomeric Coating Market: Segmental Analysis
On the basis of type, acrylic coating segment is estimated to register major revenue share in the global elastomeric coating market, owing to its unique properties such as waterproofing and protective coatings. The acrylic coating segment revenue is projected to register highest CAGR in the next few years.
On the basis of technology, water-borne coating segment is estimated to register major share in terms of revenue in the global elastomeric coating market. The water-borne coating segment revenue is projected to register highest CAGR.
On the basis of application, wall coatings segment is expected to register major revenue share in the global elastomeric coating market. The wall coatings segment revenue is projected to register largest CAGR.
Elastomeric Coating Market: Regional Analysis
North America elastomeric coating market is estimated to account for major revenue share in the global market. The Asia Pacific market is anticipated to register highest growth in terms of revenue over the next 10 years, owing to increasing acceptance of elastomeric coatings products in various residential and commercial applications.
Global elastomeric coating market segmentation:
Segmentation by type:
- Acrylic Coating
- Polyurethane Coating
- Silicone Coating
- Butyl Coating
Segmentation by technology:
- Water-Borne Coating
- Solvent-Borne Coating
Segmentation by application:
- Wall coatings
- Roof coatings
- Floor/horizontal surface coatings
- Others (Built Up Roofing, Concrete Roofing, Metal Roofing, Modified Bitumen Roofing, Polyurethane Foam Roofing, and Single Ply Roofing)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Henry Company LLC
- PPG Industries Inc.
- The DOW Chemical Company
- Nippon Paint Holdings Co., Ltd.
- Progressive Foundry, Inc.
- The Sherwin-Williams Company
- Jotun A/S
- Clariant AG
- Rodda Paint Co.
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