Elastomeric Coating Market 2024 Highlights on Future Development, Top Trends and Leading Players Analysis to 2031 Dow Corning Corporation, Progressive Painting Inc.

Elastomeric coating, utilized primarily for above-grade exterior roofs or walls, boasts a thickness approximately ten times that of conventional paint. This dense coating forms a resilient, flexible barrier, enhancing the waterproofing capabilities of structures. Unlike traditional coatings or paints, elastomeric coating possesses the unique ability to bridge hairline cracks, effectively sealing surfaces with an airtight, waterproof seal.

Due to its versatile properties, elastomeric coating finds widespread application on surfaces such as stucco, masonry, concrete, and others. Additionally, this coating is resistant to chemicals and mildew, offering durability and longevity. It can also be tinted to various colors, maintaining its hue over the long term.

Elastomeric roof coatings come in several formulations, including acrylic, polyurethane, butyl, or silicone, with waterborne acrylic coatings being the most popular choice, especially for pitched metal roofs.

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Market Trends :

The burgeoning demand for sustainability and environmentally friendly practices is propelling the elastomeric coating market forward.

There is a growing imperative to reduce carbon footprints and embrace sustainable solutions, prompting regulatory measures by the Environment Protection Agency (EPA) to discourage the use of asbestos in roofing materials. According to the US Green Building Council, buildings contribute significantly to pollution, both directly and indirectly, accounting for 39% of carbon dioxide emissions.

Elastomeric coating emerges as a pivotal solution in this context. Its heat-resistant properties contribute to enhancing the energy efficiency of buildings, while its UV resistance provides continuous protection, akin to round-the-clock "sunblock" for structures. Additionally, elastomeric coating offers long-term durability, a critical factor for homeowners and business owners seeking sustainable building solutions.

Market Segmentation :

By Type : Acrylic, Polyurethane, Silicone, Butyl.

By Technology : Waterborne, Solvent borne.

By Application : Wall Coating, Floor/ Horizontal Surface Coating, Roof Coating.

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)

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Geographical Share :

The Asia-Pacific region holds a commanding position in both the building & construction adhesive market and the global floor adhesives market, driven by robust growth in construction and infrastructure sectors, particularly in countries like China and India.

In the building & construction adhesive market, Asia-Pacific's dominance is fueled by the rapid expansion of construction activities in countries such as China, India, and other ASEAN countries. For example, the Chinese government has ambitious construction plans, including relocating 250 million people to new megacities over the next decade. According to the National Bureau of Statistics (NBS), real estate investment in China increased by 7.0% in 2020 compared to the previous year, marking an acceleration from the 6.8% gain recorded in the first 11 months of the year.

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Competitive Landscape

Some of the key players which are contributing to the growth of the market include Sika AG, Henry, BASF SE, Dow Corning Corporation, Progressive Painting Inc., Sherwin Williams, PPG Industries, Nippon Paints, Mallard Creek Polymers, Rodda Paints, Inland Coatings among others.

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