Elastomeric Coatings Market Size Worth US$ 56.6 Billion By 2032

The Elastomeric Coatings revenues were estimated at US$ 10.7 Bn in 2021 and is anticipated to grow at a CAGR of 13.2% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 56.6 Bn.

The acrylic elastomeric coatings are applied to plastic automotive parts for coating purposes. Excellent thermal resistance, uniform surface distribution, and improved finishing are some of these coatings' key characteristics, and as a result, the automotive industry is forecast to employ them even more over the course of the projected period. Acrylic elastomeric coatings are extensively used in the architecture and construction sector due to their inertness and excellent color retention when exposed to outdoor settings.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 -
https://www.factmr.com/connectus/sample?flag=S&rep_id=8064?PS

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

• Elastomeric Coatings Market was valued at US$ 10.7 Bn in 2021. According to Fact.MR, Elastomeric Coatings Market revenue would increase 4.7X between 2022 and 2032, reaching roughly US$ 56.6 Bn in 2032.

• In terms of Product Type, Acrylic elastomeric coatings is projected to account for the highest projected CAGR of over 19.8%.

• In terms of application, Wall Coatings account for the highest CAGR of 15.2% during 2017-21.

• US is the dominant country in the Elastomeric Coatings Market with an absolute dollar growth opportunity of over US$ 16.9 Bn.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Some of the recent developments of key Elastomeric Coating providers are as follows:

In February 2021, PPG acquired Versa Flex from DalFort Capital Partners. For industrial flooring, transportation infrastructure, and water and wastewater infrastructure, Versa Flex specializes in polyurethane, epoxy, and polyurethane coatings.

In May 2021, PPG announced that it has completed the acquisition of Worwag, a significant manufacturer of coatings used in both industrial and automotive applications. The company specializes in producing powder, liquid, and film coatings that are environmentally friendly.

In January 2019, the coatings division of BASF will purchase the vehicle paint detackification business of Polymer Ventures, Inc. as well as all of the stock of Galaxy Chemical Corporation.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

• BASF SE
• Sherwin Williams Company
• PPG Industries
• Teknos Group
• Huntsman Corporation
• The DOW Chemical Company
• Axalta Coating Systems LLC
• The Valspar Corporation
• Kansai Nerolac Paints Limited
• Progressive Paintings LLC
• Nippon Paints
• Rodda Paints

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 -
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8064?PS

𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐢𝐜 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By Product Type :

Acrylic
Polyurethane
Silicon
Butyl
Other Types

By Application :

Wall Coatings
Floor/Horizontal Surface Coating
Roof Coating
Other Applications

By Region :

North America
Latin America
Europe
APAC
MEA

The key revenue drivers of the Elastomeric Coatings Market are an increase in the manufacture and sales of car parts with elastomeric coatings to stop corrosion in the automotive industry, and the quest for odorless coatings that use safe chemicals. Besides, environmental regulations governing VOC emissions and dangerous air pollutants have also raised the demand for sophisticated coatings, such as elastomeric coatings.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐢𝐜 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• What is the projected value of the Elastomeric Coatings Market in 2023?
• At what rate will the global Elastomeric Coatings Market grow until 2033?
• Which are the factors hampering the growth in the Elastomeric Coatings Market?
• Which region is expected to lead in the global Elastomeric Coatings Market during 2023 to 2033?
• Which are the factors driving the Elastomeric Coatings Market during the forecast period?
• What is the expected market value of the Elastomeric Coatings Market during the forecast period?

𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞

Fact.MR, in its new offering, presents an unbiased analysis of the Elastomeric Coatings Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Elastomeric Coatings in terms of Product Type (Acrylic, Polyurethane, Silicon, Butyl, Other Types), Application (Wall Coatings, Floor/Horizontal Surface Coating, Roof Coating, Other Applications) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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This release was published on openPR.