Global Elastomeric Coatings Market, By Type (Acrylic, Silicone, Butyl, Polysulfide, Polyurethane, Vi

Published Date: | Report Code : CH1934713

The Elastomeric Coatings Market is expected to promise high growth owing to the increasing demand growth of the global construction industry in recent years. Increasing demand from End-Use Industries end User residential, commercial, and industrial is expected to drive the growth of the market.

An elastomer is a polymer, which has high viscosity and elasticity. When added to other materials such as acrylic and polysulfide, which are generally used in coatings, it makes the coating more flexible, durable, resistant to cracking, chalking, blistering, flaking, and peeling. Moreover, it gives the coating a smooth and aesthetic finish. Elastomeric coatings are approximately 10 times thicker than paint and are used to provide tougher exterior to concrete, metal, and plastic substrates. It helps prevent damage such as thermal shocks, corrosion, chemical attack, abrasion, etc.

Segment Insights

Based on type, the elastomeric coatings market has been segmented into acrylic, silicone, butyl, polysulfide, polyurethane, vinyl polymers, and others. The acrylic coatings segment is expected to account for the highest market share, owing to its use in the construction of buildings due to its transparency, high color retaining ability, and UV resistance.

The wall coatings are known for superior waterproofing and elongation properties, which are very useful in construction activities. With infrastructure development throughout the world, the demand for elastomeric wall coatings is expected to grow.

The Asia Pacific is expected to be the largest market for elastomeric coatings. This is mainly due to rapid industrialization and urbanization in this region. According to the Asian Development Bank, Asia is expected to invest USD 8.9 trillion in its infrastructural activities to maintain its economy. Approximately USD 900 billion are spent every year on infrastructure in the Asia Pacific, which the ADB estimates are substantially less than the USD 1.7 trillion that the region needs. There are expected to be more investments in infrastructure in the region, which will create a huge demand for elastomeric coatings.

Key Factors Impacting Market Growth:

  • Adoption by several coatings manufacturers due to its beneficial properties
  • Growth of the global construction industry
  • Huge investments being made in Asian Pacific infrastructure 

Regional Analysis

On the basis of the region, the elastomeric coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the elastomeric coatings market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as residential, commercial, and industrial. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the elastomeric coatings market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the elastomeric coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: BASF SE, PPG Industries, The Dow Chemical Company, Progressive Painting Inc., The Sherwin-Williams Company, Clariant, Jotun A/S,  Nippon Paints, Rodda Paints, and BEHR Process Corporation… 

Market Segmentation:

By Type:

  • Acrylic
  • Silicone
  • Butyl
  • Polysulfide
  • Polyurethane
  • Vinyl Polymers
  • Others

By Technology:

  • Solvent-Borne
  • Water-Borne

By Application:

  • Wall Coatings
  • Floor Coatings
  • Roof Coatings
  • Others

By End User:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Technology
    • By Application
    • By End User
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Technology
    • By Application
    • By End User
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Technology
    • By Application
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Technology
    • By Application
    • By End User
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Technology
    • By Application
    • By End User
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Type
    • By Technology
    • By Application
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global elastomeric coatings market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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