Elastomeric Coating Market is Forecasted to Reach US$ 15.9 Billion in 2030, Says Stratview Research

The global elastomeric coating market is projected to witness a growth rate 14.5% annually from 2024 to 2030 with an anticipated size of US$ 15.9 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global elastomeric coating market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 15.9 billion
Growth (CAGR): 14.5% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Elastomeric Coating Market:

The global elastomeric coating market is segmented based on type, technology type, application type, and region.

Based on type - The elastomeric coating market is segmented into acrylic, polyurethane, silicone, and butyl types. Acrylic is expected to continue as the leading, as well as anticipated to be the fastest-growing elastomeric coating type during the forecast period. Acrylic elastomeric coating is anticipated to be the dominant as well as the fastest-growing coating type owing to its excellent durability, flexibility, and weather resistance. In addition to this, they can also withstand extreme temperatures, UV radiation, and harsh weather conditions, making it an ideal elastomeric coating type.

Based on technology type - The market is segmented into Waterborne and Solvent-borne. Waterborne is expected to remain the dominant and fastest-growing technology type during the forecast period. There is a growing emphasis on reducing volatile organic compounds (VOCs) and other harmful emissions in the coatings industry. Waterborne coatings typically have lower VOC levels compared to solvent-borne coatings, making them an ideal choice in the coating industry. Waterborne coatings can be cleaned up with water, making the cleanup process easier and less costly compared to solvent-borne coatings, which often require the use of strong chemicals for cleanup

Based on application type - The market is segmented into wall coatings, floor/horizontal surface coatings, and roof coatings. Wall coatings are expected to remain dominant as well as be estimated to be the fastest-growing application during the forecast period. Wall coating provides excellent waterproofing, flexibility to bridge cracks, and enhanced durability, required for protecting exterior walls from harsh weather conditions and extending the lifespan of buildings.

To know the most attractive segments, click here:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for elastomeric coatings. This growth outlook is majorly attributed to the following-

• North America is the largest consumer of elastomeric coatings, with a high CAGR expected.
• The North American elastomeric coating market is likely to be led by nations such as the United States and Canada as they have a well-developed construction industry, strict environmental guidelines and regulations, high demand for energy-efficient buildings, and various ongoing construction projects.

Elastomeric Coating Market Drivers:

Some of the key drivers listed in the report are given below.

• The rise in the uptake of alternate energy sources such as coal-to-liquid and coal-to-chemicals plants, large-scale gasification plants, and oxygen-based gas-to-liquid acts as one of the major factors driving the growth of the elastomeric coating market.
• Elastomeric coatings primarily produce industrial gases such as oxygen, nitrogen, and argon, which have a wide range of applications in various industries.
• The presence of a significant demand for these gases, either locally or regionally, acts as a driver for the establishment and operation of elastomeric coatings.

Top Companies in the Elastomeric Coating Market:

Stratview Research has identified the following companies as the top market players.
• Henry (California)
• Dow Corning Corporation (U.S.)
• Progressive Painting Inc. (U.S.)
• Sherwin Williams (U.S.)
• Wall Coatings Industries (U.S.)
• Nippon Paints (U.S.)
• Rodda Paints (U.S.)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Elastomeric Coating Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Roof Coating Market: https://stratviewresearch.com/1234/roof-coating-market.html
• Industrial Coatings Market: https://stratviewresearch.com/3646/industrial-coatings-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.