Elastomeric Coating Market 2022 Size, Global Sales Analysis, Future Expansion, Business Opportunities, Demands and Forecast to 2029

Elastomeric Coating Market Overview:

Elastomeric coatings are a high-quality material that is ten times thicker than regular paint and can be stretched to nearly twice its original size before returning to its original dimensions after removal. Because it is exceptionally thick and flexible, this type of coating is extremely effective in covering hair-line cracks to prevent water leaks on the roof. Elastomeric coatings can be applied to any surface, including roofs and walls. It is in liquid form prior to application, and after application, it completely dries out and remains both hardened on the face of the structure and flexible beneath the structure, moving with the structure.

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Elastomeric Coating Market size was valued at USD 11.79 Billion in 2020 and is projected to reach USD 44.83 Billion by 2029, growing at a CAGR of 16.20% from 2022 to 2029.

Elastomeric Coating Market Segmentation:

Elastomeric Coating Market by Type, 2020-2029, (USD Millions)

Acrylic
Polyurethane
Silicone
Butyl

Elastomeric Coating Market by Technology, 2020-2029, (USD Millions)

Waterborne
Solvent Borne

Elastomeric Coating Market by Application, 2020-2029, (USD Millions)

Wall Coatings
Floor/ Horizontal Surface Coatings
Roof Coatings

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Elastomeric Coating Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Henry (California), Dow Corning Corporation (U.S.), Progressive Painting Inc. (U.S.), Sherwin Williams (U.S.), PPG Industries (U.S.), Nippon Paints (U.S.), and Rodda Paints (U.S.) and Others

Recent Developments

In May, 2017, PPG Industries unveiled three product enhancements with improved formulations that included PPG Paints PERMA-CRETE® PITT-FLEX® elastomeric coating as one of the three products.
In January, 2019, the coatings division of BASF announced its agreement to acquire the automotive paint detackification business of Polymer Ventures, Inc., including all the shares of Galaxy Chemical Corporation. This acquisition was expected to help BASF streamline its supply chain and expand its coatings product portfolio.

Growth Factors:

Increasing demand from the Elastomeric Coating industries
The growing use of Elastomeric Coating in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Elastomeric Coating Market

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Elastomeric Coating Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Elastomeric Coating Market Trends

- The report identifies, determines, and forecasts the Global Elastomeric Coating Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Elastomeric Coating Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Elastomeric Coating Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Elastomeric Coating Market.

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