[PDF] Which Industry Verticals Are Adopting Elastomeric Coating?

The latest updated report by Coherent Market Insights on Global Elastomeric Coating Market 2021 Growth Analysis by Key Segments and Forecast to 2027 offers users excellent business intelligence for the organization of different sizes. The purpose of this report is to study the global Elastomeric Coating market at a macro-level and the scope of the industry in the future.

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An elastomeric coating is an elastic coating, which is capable of being stretched at least two times its original length and then returning to its original size. Elastomeric coatings are commonly used in industrial roofing applications as a protective liquid, which gets applied over an existing roof to form a protective membrane. One of the major applications of elastomeric coating is in energy-efficient roof systems. An elastomeric roof coating is an electric coating applied to a different type of roof, in order to protect and seal underlying roofing material. This type of coating help to stop and prevent future weathering. Thus, these factors can bolster growth of the elastomeric coating market in the near future. Recently, in May 2020, Nouryon launched a new elastomeric cool roof coatings solution for the building and construction industry.

One of the main reasons that an elastomeric roof coating is used on a roof is due to the fact that it offers a fire retardant barrier which can reduce the chances of burning being spread in a fire. This Investment in the construction industry has surged significantly over the years. This is typically due to growing industrialization as well as urbanization. As per the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. This, in turn, has increased the demand for elastomeric coating materials. Hence, such factors can boost growth of the elastomeric coating market.

Another main reason for applying an elastomeric coating to a roof is as it can increase the structural integrity of the building and make repairs more difficult. By making roofs stronger the structure of the building will also be protected against natural disasters such as tornadoes, hurricanes, and flooding. That being said, there are certain issues regarding this type of coating that could limit the market growth. For instance, the elastomeric coating requires higher dry film thickness so as to function appropriately. Besides, these coatings are more expensive than conventional paints, which can impede growth of the elastomeric coating market in the near future.

Another benefit of using an elastomeric coating such as fire-retardant paint is that the paint acts like thermosetting paint. When this type of paint is applied, it will form very small bubbles that will harden as they are sprayed on. When it comes to geographical influence, Asia Pacific seems to be exhibiting lucrative traction in the elastomeric coating market. This could be due to the robust growth of the automotive and construction industries in India and China. Furthermore, North America is registering promising signs, which could be attributed to rising trend of repair and renovation activities in commercial, residential, and industrial settings.

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Table of Contents

Research Objectives and Assumptions
Market Purview
Market Dynamics, Regulations, and Trends Analysis
Global Elastomeric Coating Market – Impact of Coronavirus (Covid-19) Pandemic
Global Elastomeric Coating Market, By Price Range, 2017 - 2027 (US$ Million)
Global Elastomeric Coating Market, By Operating System, 2017 - 2027 (US$ Million)
Global Elastomeric Coating Market, By Region, 2017- 2027 (US$ Million)
Section
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2027) of the following regions are covered:

North America (Canada, Mexico)
Europe (UK, France, Italy)
Asia-Pacific (China, Japan)
South America (Brazil, Argentina)
Middle East and Africa

Key questions answered in this report:

Which players hold the significant Elastomeric Coating market share and why?
What strategies are the Elastomeric Coating market players forming to gain a competitive edge?
Why region is expected to lead the global Elastomeric Coating market?
What factors are negatively affecting the Elastomeric Coating market growth?
What will be the value of the global Elastomeric Coating market by the end of 2027?

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)
Desk Research
Proprietor Data Analytics Model

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