The report “Elastomeric Coating Market By Type (Butyl, Acrylic, Polyurethane, Silicone and Others), By Technology (Waterborne, Solventborne), By Application (Wall Coatings, Floor/ Horizontal Surface Coatings, Roof Coatings, Others) - Global Forecast to 2019”, report analyzes the global Elastomeric Coating Market with respect to market drivers, restraints, and opportunities in different regions.
Browse 81 market data tables and 51 figures spread through 173 pages and in-depth TOC on “Elastomeric Coating Market”
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The global Elastomeric Coating Market is successfully penetrating the construction and architectural industries. The end products are tailor-made as per the requirements of the end-user industries. The North American region is the fastest-growing segment of the global Elastomeric Coating Market. This growth is mainly attributed by heavy investment across building & construction industries and the waterproofing benefits offered by elastomeric coating. The North America and Asia-Pacific markets are estimated to grow at a high CAGR in the next five years while the allied industries are projected to stabilize the overall business need in the respective regions.
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R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of Elastomeric Coating applications to replace other plastic emulsion paints and match the new demands coming from various types of applications.
North America is the largest market, both in terms of volume and value. The consumption of elastomeric coating is growing at a higher rate in Asia-Pacific region as compared to Europe, due to growth of building and construction sector in these regions. The key players in this market are BASF SE (Germany), Henry (California), Dow Corning (U.S.), Progressive Painting Inc. (U.S.), Sherwin Williams (U.S.), Clariant Chemicals(Switzerland), PPG Industries (U.S.), Nippon Paints (Japan), Jotun A/S (Norway) , Rodda Paints (U.S.).
Governmental regulations and proposals for improvement of infrastructure, in emerging economies will drive the market. The Elastomeric Coating demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, agreements & partnerships, new product launches and joint ventures of the leading global companies.
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The current market size of the elastomeric coating in terms of value was estimated to be more than $5.5 billion in 2013 and is projected to grow at a CAGR of 12-14% between 2014 and 2019. The high demand of elastomeric coatings in applications such as wall coating and roof coating across the industries, such as architectural and construction will increase the overall elastomeric coating consumption.
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