The global Elastomeric Coating Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Elastomeric Coating market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the elastomeric coating market, valued at USD 7,154.55 million in 2022, will reach USD 18,685.93 million by 2030, growing at a CAGR of 12.75% during the forecast period of 2023 to 2030.
Top Companies in the Global Elastomeric Coating Market:
BASF SE (Germany), Dow (U.S.), CLARIANT (Switzerland), Nippon Paint Holdings Co., Ltd.(Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Huntsman International LLC. (U.S.), MarvelVinyls (India), The VersaFlex Companies (U.S.), Axalta Coating Systems, LLC (U.S.), Pidilite Industries Ltd. (India), Valspar (U.S.), Rhino Linings Corporation. (U.S.), Nukote Coating Systems, Intl. (U.S.), Jotun (Norway), RODDA PAINT, CO. (U.S.), Constro Chem India Pvt. Ltd. (India), ELMET (U.S.), Aalberts Surface Technologies GmbH.(Netherlands), among others.
Market Segmentation:
Type
• Acrylic Elastomeric Coating
• Polyurethane Elastomeric Coating
• Silicone Elastomeric Coating
• Butyl Elastomeric Coating
• Polysulfide
• Vinyl Polymers
• Epoxy
• Polyurea
• Others
Technology
• Water-Borne Elastomeric Coating
• Solvent-Borne Elastomeric Coating
Application
• Building and construction
• Wall Coating
• Floor Coating/ Horizontal Surface Coatings
• Roof Coating
• Bridges Coating
• Others
• Build up roofing
• Concrete Roofing
• Metal Roofing
• Modified Bitumen Roofing
• Polyurethane foam roofing
• Single ply roofing
• Bridges
End-Use
• Residential
• Commercial
• Automotive
• Transportation
• Marine
• Aerospace
• Industrial
• Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Market Dynamics:
Drivers
• High usage in the infrastructure and construction industry drives the market.
The building and construction industry has been the largest end-user of elastomeric coating, and this sector is driving the growth of elastomeric coating. Elastomeric coatings can now protect concrete, metal, and plastic surfaces. To prevent water from penetrating the built-up walls, elastomeric coatings fill in the cracks that develop on stucco, concrete exterior walls, and roofs. Acrylic, silicone, and polyurethane polymers are some of these coatings. Through the high surface tension of these polymers, water droplets bead and cannot penetrate the inner layers of concrete. Through their particular utility, elastomeric coatings are expected to increase demand from the building and construction sector, and thus market sees an expansion.
• Rising demand for elastomeric coating products in the automotive industry
The increasing demand for elastomeric coating products, which is anticipated to increase elastomeric coating product adoption in the automotive industry, is a significant factor expected to fuel the target market's growth. These coatings are suitable for use on the plastic surfaces of automotive body parts because they are highly durable and maintain the aesthetic. Key elastomeric coatings include acrylic, polyurethane, polysulfide, butyl, silicone, and vinyl polymers.
Opportunities
• Expanding global trade and business creates an opportunity to grow.
The long-term outlook for the global elastomeric coating industry is anticipated to be favorable through socioeconomic factors such as rising disposable income, accelerated urbanization and industrialization, and economic growth. Elastomeric coatings are used on ships and marine vessels as anti-fouling agents. It extends the longevity and durability of offshore structures and marine vessels. Shipbuilding is expected to be driven by expanding global trade and business. As a result, the global market for elastomeric coatings is anticipated to increase during the forecast period.
• Rapid technological advancement creates a surge in market growth.
Through technological advancements, homeowners are no longer limited to hiring only professionals to apply an elastomeric coating. Modern coating technologies make water-borne, powder, and other coating types possible. These technologies have attracted much interest for waterproofing applications in various industries, including oil and gas, automotive and transportation, chemical and energy, build and construction, and automotive.
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Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Elastomeric Coating Market Size by Type and Application
– Regional Market Status and Outlook
– Elastomeric Coating Market Analysis and Outlook
– Elastomeric Coating Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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