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New report: Elastomeric coating market forecast to 2021

Their ability of bridging the gaps between pores and cracks and their performance properties are fueling the overall demand of elastomeric coating in the next five years globally.

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The global elastomeric coating market size is estimated to reach USD 13.58 billion by 2021, at a CAGR of 15.19% between 2016 and 2021. 

Elastomeric coatings are used in the construction sector for wall coatings, roof coatings, and floor coatings applications. In 2015, the wall coating application accounted for the largest market share, in terms of value and volume.

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It is followed by the roof coating application. The elastomeric coating market in the wall coatings segment is projected to witness the highest CAGR between 2016 and 2021, in terms of volume.

The high demand in Asia-Pacific is expected to be the major driver of the global elastomeric coating market. China is expected to lead the Asia-Pacific market in terms of demand for elastomeric coating due to the increased industrial production of elastomeric coating raw materials such as acrylic, polyurethane, silicone, and butyl in the last 3–4 years.

It is also among the leading emerging markets of elastomeric coating, globally. The markets in other emerging economies such as Brazil, India, and Mexico are also expected to witness rapid growth.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

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The break-up of primary interviews is given below.

  • By Company Type - Tier 1 – 58%, Tier 2 – 33%, and Others – 9%
  • By Designation - C level – 50%, D level – 33%, and Others – 17%
  • By Region - North America – 33%, Europe – 30%, Asia-Pacific – 14%, South America – 14%, and the Middle East & Africa -9%

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Evolution of Elastomeric Coating: Timeline
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Application
5.3.3 By Technology
5.3.4 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Superior Performance
5.4.1.2 High Demand for Energy-Efficient Roof Systems
5.4.1.3 Popularity of Tilt-Up Concrete in Building & Construction
5.4.2 Restraints
5.4.2.1 Requires Higher Dry Film Thickness
5.4.2.2 More Expensive Than Other Conventional Paints
5.4.3 Opportunities
5.4.3.1 Booming Construction Industry
5.4.3.2 Growth Opportunity From Emerging Economies Such as China and India
5.4.4 Challenges
5.4.4.1 to Achieve the Same Benefits of Elastomeric Behavior of High Dry Film Thickness at Low Dry Film Thickness

13 Company Profiles

(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis)*

13.1 BASF SE
13.2 Henry
13.3 PPG Industries Inc.
13.4 The DOW Chemical Company
13.5 Nippon Paints
13.6 Progressive Painting Inc.
13.7 The Sherwin-Williams Company
13.8 Jotun A/S
13.9 Clariant
13.10 Rodda Paints
13.11 Other Major Palyer/Companies in Elastomeric Coating

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