Elastomeric comes from the term an elastomer. Elastomer can
be defined as a polymer having viscosity along with elasticity and fragile
inter-molecular forces. It is a rubber-like polymer that shows its elasticity
property at the time of loading. It is also one of the coatings used in roof
coating. It is widely used for the purpose of repairing and to extend the life
of the roof or the surface on which it is applied. Heating and cooling of roof
surfaces cause cracks and weakening of the surface. Thus, elastomeric coating
expands and contracts, resulting in an extraordinary protection in any season
throughout the year.
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On the basis of end-user, the global elastomeric coatings
market is segmented as industrial, textile, marine, and others. Based on the
technology used, the global market is segmented as water-borne and
solvent-borne coatings. On the basis of composition, the global market is
segmented as acrylic, silicone, polyurethane, and butyl. Of which, acrylic,
silicone, and polyurethane segments are the most dominating segments in the
elastomeric coatings market in the building & construction industry. These
types of compositions vary irrespective to the technical specification. On the
basis of application, the global elastomeric coatings market is further
segmented as floor coating, roof coating, wall coating, and others.
Increasing building and constructional projects, high
elasticity, crack fixing ability, reliable waterproofing feature, and
extraordinary qualities of elastomeric coatings compared to conventional
coating methods are some of the factors driving the growth of the global
elastomeric coatings market. In addition, the increasing demand for energy-efficient
cool roof concept may boost the elastomeric coatings market in the near future.
Increasing population and advancements in new technologies related to the
coatings may impact the growth the elastomeric coatings market in a positive
way. Moreover, growing awareness of elastomeric coating process in the
construction sector, fairly priced, easy handling, and reliable performance are
the leading growth factors driving ht global elastomeric coatings market around
the world.
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North America is leading player in the global elastomeric
coatings market. High demand in Asia Pacific is anticipated to be the major
growth driver of elastomeric coatings market. In addition, increased industrial
production of elastomeric coatings of raw materials in China also boosts the
growth of the market in Asia Pacific. Furthermore, Europe is anticipated to
witness a steady growth owing to the stringent government regulations over VOC
emissions from coatings and saturated end-user markets. The Middle East and
Africa is expected to experience considerable growth in the elastomeric
coatings market in the near future.
Some of the major plays dominating the elastomeric coatings market are Henry Company, The Dow Chemical Company, Nippon Paints, The Sherwin-Williams Company, BASF SE, PPG Industries, Inc., The Valspar Corporation, Clariant AG, Jotun A/S, and Dulux Australia. Other key players influencing the global market are Rodda Paints, 3M, Univar Inc., BEHR Process Corporation, Progressive paints, and Axalta Coating Systems LLC.
Some of the major plays dominating the elastomeric coatings market are Henry Company, The Dow Chemical Company, Nippon Paints, The Sherwin-Williams Company, BASF SE, PPG Industries, Inc., The Valspar Corporation, Clariant AG, Jotun A/S, and Dulux Australia. Other key players influencing the global market are Rodda Paints, 3M, Univar Inc., BEHR Process Corporation, Progressive paints, and Axalta Coating Systems LLC.
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Elastomeric Coatings Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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