Elastomeric Coating Market to Discern Steadfast Expansion During 2024 - 2031 | PPG Industries Inc., Industria Chimica Adriatica SpA

Market Overview:

Elastomeric coatings are liquid applied protective coatings that form an elastic membrane over roofing and wall surfaces. They protect structures from degradation caused by sun, rain, pollution and temperature variations.

Market Dynamics:

Rising construction activities especially in developing countries is expected to be a key driver for the market during the forecast period. According to the Global Construction 2030 report, the global construction output is projected to grow by 85% to US$ 15.5 trillion by 2030. Additionally, growing popularity of green buildings has increased the demand for elastomeric coatings which provides energy efficiency and reduced carbon footprint. They also enable weatherproofing and act as soundproofing materials. The growth of the residential and commercial construction sector will continue to drive market growth over the next few years.

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1 Leading Market Driver: Increasing Infrastructure Investments and Maintenance Activities

There has been considerable increase in infrastructure development activities across the globe especially in developing countries like India, China, Brazil etc. The public and private investments in areas such as construction of bridges, highways, railways, airports etc have significantly increased in last few years. These infrastructures require protective anti-corrosive coatings and elastomeric coatings are widely used for this purpose. The requirement of reapplying coatings after every few years for maintenance activities of existing infrastructure also drives the demand. The governments of various countries have also announced ambitious plans for infrastructure upgrade and development which will boost the use of elastomeric coatings in coming years.

2 Significant Market Driver: Growing Usage in Protective Coatings for Industrial Facilities and Equipment

Elastomeric coatings find extensive usage as protective and weatherproofing coatings for various industrial facilities and equipment. They are used for protecting metal surfaces, rooftops, walls, pipes etc from corrosion in harsh industrial environment. The manufacturing and processing industries such as oil & gas, mining, power generation, chemical and petrochemical among others rely heavily on anti-corrosive elastomeric coatings. With rapid industrialization and expansion of manufacturing capacity globally, the demand from industrial sector has been rising substantially. Strict regulations regarding asset protection and operational safety also necessitate periodic reapplication of protective coatings driving repeated sales.

3 Major Market Restrain: Volatility in Raw Material Prices

Fluctuating raw material prices pose a major challenge for elastomeric coating manufacturers. The key raw materials used in formulations include resins, pigments, solvents and additives which are petroleum based products. Being crude oil derivatives, the prices of these raw materials exhibit volatility tracking the dynamics of global oil prices. Frequent and abrupt fluctuations in crude oil rates correspondingly impacts the input costs. This makes maintain sustained profit margins difficult for manufacturers. The rising raw material costs are also passed on to customers to some extent through periodic price increase of products which can limit their adoption in price sensitive applications. Stable raw material supply and costs are crucial for sustained growth of the market.

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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 Inquiries Addressed in this Report include:

📈 What was the size of the Elastomeric Coating Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Elastomeric Coating Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Elastomeric Coating Market?

📈 How does the market share of Elastomeric Coating Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Elastomeric Coating Market?

📈 Which segment of the Elastomeric Coating Market is experiencing heightened demand?

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:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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