Elastomeric Coating Market to Develop New Growth Story 2024 - 2031 | PPG Industries Inc., Industria Chimica Adriatica SpA

Market Overview:

The Elastomeric Coatings Market size is estimated at USD 12.95 billion in 2024 and is projected to reach USD 21.05 billion by 2031

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Market Dynamics:

The expansion of the global construction industry is expected to drive the growth of the elastomeric coating market during the forecast period. According to the Global Construction 2030 report, the volume of construction output is projected to grow by 85% to $15.5 trillion worldwide by 2030, driven by megaprojects in China, India, and Indonesia. Furthermore, elastomeric coatings offer advantages over conventional coatings like flexible membranes and waterproofing solutions protecting buildings from weathering, resulting in lower maintenance costs. They also have low VOC emissions and are environment-friendly. These benefits are estimated to increase the adoption of elastomeric coatings globally.

Elastomeric Coating Market Drivers:

Low VOC (Volatile Organic Compounds) Content Elastomeric Coatings is Driving Demand

Low or zero VOC elastomeric coatings have become increasingly popular due to stringent government regulations imposing restrictions on VOC content in paints and coatings. Major cities and countries across the world have formulated rules and regulations limiting VOC emissions from architectural coatings. For instance, South Coast Air Quality Management District (AQMD) in Southern California stipulates that elastomeric coatings must have less than 50g/L of VOC content. Elastomeric coatings complying with such low VOC standards are gaining more acceptance as they help end users and manufacturers avoid hefty penalties or fines. Besides regulatory compliance, low VOC elastomeric coatings also provide certain health benefits over solvent-borne coatings as they emit minimal toxic fumes.

Elastomeric Coating Market Opportunity:

Rising Infrastructure Investments in Developing Regions Create Huge Market Potential

Developing economies across Asia Pacific, Latin America, Africa and the Middle East are making colossal investments in public infrastructure modernization and construction of new projects. Mega developmental activities centered around transportation, energy & power, telecom, commercial construction and municipal projects generate extensive opportunities for protective industrial coatings. Elastomeric coatings, in particular, are widely used in infrastructure applications due to their good abrasion resistance, weatherability and flexibility properties needed to counter extreme weather changes, soil settlement issues, thermal expansion/contraction, etc. Countries like India, Indonesia, Vietnam, Philippines, Mexico, Egypt, Saudi Arabia, etc. offer lucrative prospects for elastomeric coating producers targeting the robust infrastructure industry. Continued public and private spending in developing region infrastructure will majorly augment the demand for critical protective solutions like elastomeric coatings in the upcoming decade.

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Top Companies Featured in This Report:

★ PPG Industries Inc.
★ Industria Chimica Adriatica SpA
★ Nippon Paints
★ Clariant
★ The Valspar Corporation
★ Rodda Paints
★ among others.

Market Segmentation:

By Product Type:
★ Silicone
★ Butyl
★ Polyurethane
★ Acrylic

By Applications:
★ Wall coatings
★ Horizontal surface coatings
★ Roof coatings

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Elastomeric Coating Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Elastomeric Coating market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Elastomeric Coating market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Elastomeric Coating market.
Segment Analysis: Examining the market value and sales volume of Elastomeric Coating by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Elastomeric Coating market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Elastomeric Coating sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: linkedin.com/in/alice-mutum-3b247b137 )

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