Elastomeric Coating Market is anticipated to grow at a CAGR of 15.17% from 2021 to 2027 globally – Axiom MRC

The factor increasing the adoption of the elastomeric coating owing to the benefits like resistance to solvents and micro-organisms, along with chalking, good resistance against cracking, peeling, flaking, blistering, string adhesion strength, superior performance and many others has been driving the growth of the elastomeric coating market during the forecast period. Similarly, the factors like increase in the demand for energy-efficient roof systems, along with the growing attractiveness of the tilt-up concrete in the construction and building, increasing demand for the waterproofing, rapidly growing construction industry across the globe, roof coating solutions and increasing renovation of the already existing homes and offices have also been expected to improve the growth of the elastomeric coating market.

New York, September 2021: Axiom Market Research & Consulting™ added a report on elastomeric coating market which includes the study on type, technology, application, and geography. The elastomeric coating market was projected to grow at a CAGR of 15.17% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Kilotons) generated by the elastomeric coating market.

The report analyses the elastomeric coating market based on type, technology, application, and geography. Based on the type, the elastomeric coating market is segmented into acrylic, butyl, polyurethane, silicone, and others. Based on the technology, the elastomeric coating market is segmented into water-borne elastomeric coating and solvent-borne elastomeric coating. By application, the elastomeric coating market is segmented into wall coating, floor coating, roof coating, built up roofing, and others. Based on the geography, the elastomeric coating market is studied in the regions like North America, Europe, Asia Pacific, and Rest of the World.

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The key players in the elastomeric coating market are Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, BASF SE, Dow, Henry Company (American Securities LLC), Jotun, Kansai Nerolac Paints Limited, Nippon Paints, PPG Industries Inc, Progressive Paintings LLC, Rodda Paint Co, Sika AG and The Sherwin Williams Company among others.

Regional Trends of Elastomeric Coating Market

Based on the geography, the elastomeric coating market is studied in the regions including North America, Europe, Asia Pacific, and Rest of the World. The region of North America held the largest market share of the elastomeric coating market, and it is also estimated to dominate the market during the forecast period. The economies like Canada and the United States have dominated the elastomeric coating market. The region of Asia Pacific has also been estimated to experience fast growth in the elastomeric coating market during the forecast period.

Elastomeric Coating Market Segmentation Highlights

• The acrylic segment type has dominated the elastomeric coating market and it is also expected to maintain dominance over the forecast period. The acrylic is a cost-effective, and water-based solution used for a variety of the walls and roofs
• The solvent-borne elastomeric coating technology segment is expected to dominate the elastomeric coating market during the forecast period. The solvent-borne elastomeric coatings provide higher elongation along with the tensile strength than the water-borne elastomeric coatings
• The wall coating application segment is estimated to witness rapid growth in the elastomeric coating market during the forecast period. Due to the increasing adoption of the elastomeric coating for the purpose of wall coating application owing to the superior water proofing and elongation properties is the factor driving the growth in the elastomeric coating market
• The North America region has been holding the highest market share of the global elastomeric coating market and it is also expected to maintain its dominance during the forecast period

Research Objectives of Elastomeric Coating Market Report:

• Analysing the outlook of the elastomeric coating market with the recent trends and Porter’s five forces analysis
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the elastomeric coating market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players

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