PUNE, India, August 16, 2016 /PRNewswire/ --
The report "Elastomeric Coating Market by Type (Acrylic, Polyurethane, Silicone, and Butyl), Technology (Waterborne and Solvent borne), Application (Wall Coatings, Floor/ Horizontal Surface Coatings, and Roof Coatings) - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 6.70 Billion in 2016 to USD 13.58 Billion by 2021, registering a CAGR of 15.19% between 2016 and 2021.
Browse 129 market data Tables and 51 Figures spread through 156 Pages and in-depth TOC on "Elastomeric Coating Market"
Early buyers will receive 10% customization on this report.
The market is driven by the rising demand for elastomeric coating in the construction industry. The growing demand from wall coatings, roof coatings, floor/horizontal coatings, and other applications is driving the global elastomeric coating market. Rising awareness of high-quality acrylic-based products and the demand from Asia-Pacific, which is experiencing substantial growth, fueled by their increasing population also drive the market.
Wall coatings is the largest application for elastomeric coating
Elastomeric coatings are used in various applications such wall coatings, roof coatings, floor/horizontal surface coatings, and others. In 2015, the wall coatings application accounted for the largest market share, in terms of value. The demand of wall coatings is driven by its waterproofing and elongation properties. The demand is mainly driven by growing population, especially from China, the U.S., and India. Roof coating is the second-largest application of elastomeric coating due to growing awareness about its uses in the construction sector.
Acrylic is the fastest-growing type of elastomeric coating
Acrylic is the fastest-growing type of Elastomeric Coating Market, globally. This is because it is easy to handle, moderately priced, and exhibit good performance in a wide variety of applications such as roof coating, wall coating, and others. The key driver for the growth is its increasing use in wall and roof coatings and growing manufacturing & construction sector in the Asia-Pacific region.
Rising demand in Asia-Pacific is the major driver of the elastomeric coating market
In 2015, North America accounted for the largest market share, in terms of volume and value. The high demand in Asia-Pacific is expected to be the major driver of the global elastomeric coating market. This is due to the increasing demand for quality coating products, raising population in the region, and growing innovation & developments in end-use industries, making it a strong industry hub.
The players profiled in the elastomeric coating market report are BASF SE (Germany), Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Dow Chemical Company (U.S.), Jotun A/S (Norway), Progressive Painting Inc. (U.S.), Nippon Paints (Japan), Rodda Paints (U.S.), and other regional players.
Browse Related Reports:
Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil), by Region - Global Forecast to 2020
Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) - Global Trends & Forecast to 2018/
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets