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Elastomeric Coatings - Global Strategic Business Report

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    Report

  • 189 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140848
The global market for Elastomeric Coatings was estimated at US$21.2 Billion in 2023 and is projected to reach US$49.6 Billion by 2030, growing at a CAGR of 12.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Elastomeric Coatings Market - Key Trends and Drivers Summarized

What Are Elastomeric Coatings?

Elastomeric coatings are highly durable, stretchable paints applied on surfaces to protect them from weather damage, UV rays, and chemical exposure. These coatings are predominantly used on roofs, exterior walls, and other structures where a waterproof and protective layer is essential. They are known for their ability to stretch and return to their original shape without damage, making them ideal for surfaces that expand and contract due to temperature changes. The coatings are typically made from polymeric materials like acrylics, silicone, or polyurethane, which contribute to their flexible, durable, and weather-resistant properties. This versatility makes elastomeric coatings suitable for a variety of substrates, including concrete, metal, and wood, providing an effective barrier against moisture ingress and environmental degradation.

How Do Elastomeric Coatings Enhance Building Longevity?

The primary benefit of elastomeric coatings is their exceptional durability and protective qualities, which significantly enhance the longevity of building structures. These coatings form a seamless, rubber-like membrane over surfaces that repels water, resists cracking, and withstands harsh environmental conditions. By preventing water penetration and damage from UV rays, elastomeric coatings help maintain structural integrity and reduce maintenance costs over time. Additionally, their reflective properties can decrease indoor temperature, leading to energy savings in air-conditioned buildings. This not only extends the life of the structure but also contributes to greater energy efficiency and lower utility bills.

What Trends Are Influencing the Elastomeric Coatings Market?

Several trends are shaping the elastomeric coatings market. There is an increasing shift towards eco-friendly and sustainable building materials, prompting manufacturers to develop elastomeric coatings with lower volatile organic compounds (VOCs) and higher energy efficiency ratings. Advances in nanotechnology and materials science are also influencing the development of next-generation elastomeric coatings that offer improved durability, better weather resistance, and enhanced thermal properties. The growing popularity of green building certifications like LEED is further driving the adoption of these advanced materials in new construction and renovation projects. Additionally, as urbanization increases, the need for effective building protection solutions in densely populated areas is pushing the demand for high-quality elastomeric coatings.

What Drives the Demand for Elastomeric Coatings?

The growth in the elastomeric coatings market is driven by several factors. The increasing need for more durable and maintenance-free building exteriors is a significant driver, as elastomeric coatings offer superior protection against various forms of environmental stress, thereby reducing repair and refurbishment costs. Technological innovations have enhanced the quality and functionality of these coatings, making them more appealing to architects and builders looking for long-term protection solutions. The rise in construction activities, both residential and commercial, particularly in emerging economies, is a critical market booster. Moreover, heightened awareness regarding the benefits of thermal management through reflective coatings has spurred the adoption of white or light-colored elastomeric coatings, contributing to the overall growth of the sector. These factors combined ensure the continuous integration of elastomeric coatings into modern architectural designs, aiming at sustainability and durability in construction.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Wall Coatings Application segment, which is expected to reach US$24.5 Billion by 2030 with a CAGR of a 14.2%. The Roof Coatings Application segment is also set to grow at 12.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $5.5 Billion in 2023, and China, forecasted to grow at an impressive 16.9% CAGR to reach $12.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Elastomeric Coatings Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Elastomeric Coatings Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Elastomeric Coatings Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as BASF SE, Clariant AG, Dow, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 32 Featured):

  • BASF SE
  • Clariant AG
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • Jotun A/S
  • Nippon Paint Holdings Co., Ltd.
  • PPG Industries, Inc.
  • Progressive Painting Inc.
  • Rodda Paint Company
  • The Sherwin-Williams Company

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Elastomeric Coatings - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Focus on Weatherproofing and Waterproofing Strengthens Business Case for Elastomeric Coatings
  • Expansion of Construction and Infrastructure Projects Spurs Demand for Elastomeric Roof Coatings
  • Technological Innovations in UV and Heat Resistance Set the Stage for Market Growth in Elastomeric Coatings
  • Rising Adoption of Elastomeric Coatings in Industrial Applications Expands Market Opportunities
  • Focus on Enhancing Crack Bridging and Flexibility Bodes Well for Elastomeric Coatings Market Growth
  • Technological Innovations in Low-VOC and Eco-Friendly Coatings Propel Adoption in Green Building Projects
  • Growing Applications of Elastomeric Coatings in Automotive and Transportation Drive Market Expansion
  • Expansion of Elastomeric Coatings in Marine and Offshore Applications Spurs Demand for Corrosion Resistance
  • Technological Innovations in Nano-Enhanced Elastomeric Coatings Propel Growth in High-Performance Applications
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Acrylic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Acrylic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Acrylic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 6: World 16-Year Perspective for Polyurethane by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 9: World 16-Year Perspective for Silicone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Butyl by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Butyl by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 12: World 16-Year Perspective for Butyl by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 15: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Wall Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Wall Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 18: World 16-Year Perspective for Wall Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Roof Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Roof Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 21: World 16-Year Perspective for Roof Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Floor / Horizontal Surface Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Floor / Horizontal Surface Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 27: World 16-Year Perspective for Floor / Horizontal Surface Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 28: World Elastomeric Coatings Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Elastomeric Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Elastomeric Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Elastomeric Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Elastomeric Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • BASF SE
  • Clariant AG
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • Jotun A/S
  • Nippon Paint Holdings Co., Ltd.
  • PPG Industries, Inc.
  • Progressive Painting Inc.
  • Rodda Paint Company
  • The Sherwin-Williams Company

Table Information