Allied Market Research

2024

Elastomeric Coatings Market

Elastomeric Coatings Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by APPLICATION, by END-USE INDUSTRY and by TECHNOLOGY : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Paints, Coatings and Additives

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Author's: | Eswara Prasad
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Elastomeric coatings are resinous solutions used to increase the durability of concrete, metal, and plastic substrates. Wall, floor, and roof are often subjected to greater amount of wear & tear, thus requiring protection and careful consideration during new construction and refurbishment projects. They prevent damages, such as thermal shocks, abrasions, corrosions, and chemical attacks, of these structures.

The elastomeric coatings are made of acrylic, polyurethane, silicone, butyl, polysulfide, vinyl polymers, and others. Other operational advantages of elastomeric coatings are waterproofing, puncture resistance, slip resistance, and microbial protection. They are used across commercial retail stores, medical & healthcare facilities, aviation & transportation industry, correctional facilities, factories, educational institutes, restaurants, and others.

Floors, walls, and roofs are porous and tend to create laitance from wear & tear. Such surface porosity causes various chemicals, organics, and oils to seep in, leading to formation of unappealing patches and microbial growth; this has led to wider acceptance of elastomeric coatings for protecting the concrete, metal, and plastic surfaces. With many countries in Asia-Pacific still being largely rural, the economic growth is set to foster the ongoing urbanization.

According to the Asian Development Bank, Asia is estimated to invest $8$9 trillion in infrastructure development  to maintain its economy. Rise in population in India and China is expected to boost the demand for housing and commercial infrastructure, which in turn is projected to drive the elastomeric coatings market. Stringent government regulation on volatile organic compounds (VOC) present in elastomeric coatings may hamper the market growth. Increase in demand for energy-efficient roof systems is expected to present new opportunities for the market players.

The global elastomeric coatings market is segmented based on type, application, end-use industry, technology, and geography. Based on type, it is divided into acrylic, polyurethane, silicone, butyl, polysulfide, vinyl polymers, and others. On the basis of application, it is classified into wall, floor, roof, and other coatings. The end-use industry segment includes residential, commercial, and industrial sectors. Solvent-borne and waterborne technologies are studied in this report. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global elastomeric coatings market to elucidate the potential investment pockets.
  • It offers qualitative trends and quantitative analysis to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the type of elastomeric coatings used and its application.
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies and prevailing market opportunities.
  • Key players are profiled and their strategies and developments are analyzed to understand the competitive outlook of the industry.

Elastomeric Coatings Market Report Highlights

Aspects Details
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By Type
  • ACRYLIC
  • POLYURETHANE
  • SILICONE
  • BUTYL
  • POLYSULFIDE
  • VINYL POLYMERS
  • OTHERS
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By APPLICATION
  • WALL COATINGS
  • FLOOR COATINGS
  • ROOF COATINGS
  • OTHERS
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By TECHNOLOGY
  • SOLVENT-BORNE
  • WATER-BORNE
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By END-USE INDUSTRY
  • RESIDENTIAL
  • COMMERCIAL
  • INDUSTRIAL
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By Geography
  • NORTH AMERICA
    • U.S
    • CANADA
    • MEXICO
  • EUROPE
    • GERMANY
    • FRANCE
    • UK
    • ITALY
    • REST OF EUROPE
  • ASIA-PACIFIC
    • CHINA
    • JAPAN
    • INDIA
    • AUSTRALIA
    • KOREA
    • REST OF ASIA-PACIFIC
  • LAMEA
    • BRAZIL
    • SAUDI ARABIA
    • SAUDI ARABIA
    • REST OF LAMEA
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Key Market Players

Nippon Paints, Henry, Clariant, The DOW Chemical Company, Jotun A/S, The Sherwin-Williams Company, Progressive Painting Inc., BASF SE, PPG Industries Inc., Rodda Paints

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Elastomeric Coatings Market

Global Opportunity Analysis and Industry Forecast, 2023-2032