About Elastomeric Coating
Elastomeric coating are an elastic substance which is the thick liquid coating that can be applied to roofs or walls as a flexible and durable sealant. It forms an incredibly thick yet flexible coating that helps to waterproof the exterior of the structure or building. The material can be acrylic, urethane, silicone, or any other, they provide a flexible coating with a single component emulsion containing inert pigment and with easily applied consistency.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The elastomeric coating market is fragmented with many players prevailing in the market and competition between them is high. The major elastomeric coating companies are focusing on expanding their product portfolio by launching new products. They are also planning to geographically expand their business keeping in mind the economic slowdown by following strategic activities such as a merger, acquisition, and agreement to maintain their competitive advantages to sustain in the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Elastomeric Coating market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Henry Company LLC (United States), PPG Industries, Inc., (United States), The DOW Chemical Company (United States), Akzo Nobel N.V. (Netherlands), Progressive Painting, Inc. (United States), The Sherwin-Williams Compan (United States), Clariant AG (Switzerland), Mitsui Chemicals, Inc. (Japan) and Carpoly Chemical Group (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are The Rodda Paint Company (United States), Teknos Group (Finland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Elastomeric Coating market by Type (Solvent Elastic Coatings, Emulsion Elastic Coatings and Inorganic Polymer Elastic Coatings), Application (Wall Coatings, Roof Coatings, Floor/horizontal Surface Coatings and Others) and Region.
On the basis of geography, the market of Elastomeric Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Acrylic will boost the Elastomeric Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hotel will boost the Elastomeric Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Elastomeric Coating from Asia-Pacific
Market Growth Drivers:
Demand for Flexible Coating from Automotive Market and Construction Industry and Need for the Coating Material Which can provide Waterproofing and Protection Layer to the Roof
Challenges:
Adherence to Regulatory Guidelines
Restraints:
Major Hindrances Due to the Economic Slowdown to Elastomeric Coating Market and Environmental Impact of Elastomeric Coating
Opportunities:
Increasing Spendings on Infrastructure will Boost the Elastomeric Coating Market and Technological Advancement in the Elastomeric Coating Application
Market Leaders and their expansionary development strategies
In April 2023, Everest Systems LLC launched a new, high-performance and field-applied topcoat under the Fluorostar brand name for restoring and protecting multiple types of roofing surfaces with long-lasting color.
In March 2023, Gaco Launches GacoFlex A48 Acrylic Elastomeric Roof Coating. GacoFlex A48 can be applied as a roof maintenance coating over many existing roof substrates, including single-ply, metal, sprayed-in-place polyurethane foam, and asphalt membranes.
Key Target Audience
Elastomeric Coating Manufacturers, Elastomeric Coating International Traders, Elastomeric Coating Distributors and Suppliers, Potential Investors, Regulatory Bodies, Industry Associations, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.