Elastomeric Coating Market Analysis Of Key Players - Research Forecasts To 2028 | BASF SE, PPG Industries, The Dow Chemical Company, Progressive Painting Inc., The Sherwin-Williams Company

A recent report published by QMI on elastomeric coating market is a detailed assessment of the most important market dynamics. After carrying out thorough research of elastomeric coating market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for elastomeric coating during the forecast period. It can enable manufacturers of elastomeric coating to change their production and marketing strategies in order to envisage maximum growth.

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.

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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.

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. 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF SE
2. PPG Industries
3. The Dow Chemical Company
4. Progressive Painting Inc.
5. The Sherwin-Williams Company
6. Clariant
7. Jotun A/S
8. Nippon Paints
9. Rodda Paints
10. BEHR Process Corporation

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

Insights about regional distribution of market:

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.

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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.

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

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.