Elastomeric Coating Market Study Reveals Growth Factors and Competitive Outlook for Future

Global Elastomeric Coating Market is valued approximately USD 8.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 15% over the forecast period 2019-2026. Elastomeric derives from the term an elastomer, that can be described as a polymer holding viscosity alongside elasticity and fragile inter-molecular forces. It is a rubber-like polymer that indicates its elasticity property, flexibility, durability at the time of loading. Elastomeric coatings are used to provide a tough exterior finish to cladding, flooring, wall, plastic substrates and metal. These coatings have higher film thickness as compared to conventional coatings and paints. Further, other operational advantages of elastomers are slip resistance, puncture resistance, waterproofing and microbial protection. Thus, it is used across medical & healthcare facilities, commercial retail store and other.  Superior performance and high demand of energy efficient roof systems are key driving forces of the market growth. Furthermore, rapid industrialization and investment in the construction industry is expected to drive the market growth over the forecast period. Apart from this, emerging economies such as India and China are expected to create significant growth opportunity in the market over the forecast period. However, fluctuation in raw material prices impedes the growth of the market over the forecast period of 2019-2026.

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The regional analysis of global Elastomeric Coating market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to rise in expenses on repair and renovation and roof proofing as a preventive measure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as robust growth in construction industry, rapid industrialization and urbanization, rapid automobile manufacturing goals would create lucrative growth prospects for the Elastomeric Coating market across Asia-Pacific region. 

 Market player included in this report are::
 
*BASF SE
*Henry
*PPG Industries Inc.
*The DOW Chemical Company
*Nippon Paints
*Progressive Painting Inc.
*The Sherwin-Williams Company
*Jotun A/S
*Clariant
*Rodda Paints

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
 Acrylic
Polyurethane
Silicone
Butyl
Others     

By Technology:
Water-Borne
Solvent-Borne

By Application:
 Wall coatings
Roof coatings
Floor/horizontal surface coatings
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Elastomeric Coating Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


ANSWERED TO THE FREQUENTLY ASKED QUESTIONS :

WHAT IS THE SCOPE OF THE REPORT?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHAT ARE THE KEY SEGMENTS IN THE MARKET?
• By product type
• By End User/Applications
• By Technology
• By Region

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

Key Topic Covered in this Report
• Market Growth Opportunities
• Leading Market Players
• Market Size and Growth Rate
• Market Growth Drivers
• Company Market Share
• Market Trends and Technological

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About Kenneth Research:
Kenneth Research is a reselling agency which focuses on multi-client market research database. The primary goal of the agency is to help industry professionals including various individuals and organizations gain an extra edge of competitiveness and help them identify the market trends and scope. The quality reports provided by the agency aims to make decision making easier for industry professionals and take firm decisions which helps them to form strategies after complete assessment of the market. Some of the industries under focus include healthcare & pharmaceuticals, ICT & Telecom, automotive and transportation, energy and power, chemicals, FMCG, food and beverages, aerospace and defense and others. Kenneth Research also focuses on strategic business consultancy services and offers a single platform for the best industry market research reports.

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