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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.
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