Authored By: Sarah
11 Jul 2024

 Elastomeric Coatings Market Size to grow by USD 564.8 million between 2024-2028

According to a research report “ Elastomeric Coatings Market” by Type (Silicone, Acrylic, Urethane) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 564.8 million, at a CAGR of  3.27% during the forecast period. In the realm of industrial coatings, elastomeric coatings derived from thermoplastic elastomers, including acrylic, ethylene-propylene rubber, and polyurethane, have gained significant traction in the automotive sector. The burgeoning automotive industry, fueled by global expansion and increasing sales, is expected to drive demand for these coatings. For instance, the Chinese government aims to boost automobile sales to 35 million units by 2025 (International Trade Administration), while the Indian automotive sector anticipates attracting USD8-USD10 billion in investments by 2023 (India Brand Equity Foundation). These factors underscore the potential growth in the automotive industry, which is poised to accelerate the demand for elastomeric coatings during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Elastomeric Coatings Market” by Type (Silicone, Acrylic, Urethane) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Silicone segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The elastomeric coatings market represents a significant business opportunity due to the growing demand for flexible and durable protective coatings. These coatings offer superior elasticity and resistance to weathering, making them an ideal choice for various industries, particularly infrastructure, construction, and transportation. Market growth is driven by increasing infrastructure spending, stringent regulations, and the need for sustainable and cost-effective solutions. Key players in this market include PPG Industries, Sherwin-Williams, and Axalta Coating Systems.

APAC is forecasted to hold the largest market size by region in 2024

The elastomeric coatings market is experiencing significant growth due to the increasing demand for flexible and durable protective coatings in various industries. These coatings offer superior elasticity and resistance to weathering, making them an ideal choice for infrastructure, construction, and transportation sectors. Key market drivers include rising infrastructure spending, increasing focus on energy efficiency, and stringent regulatory norms. Companies are investing in research and development to introduce innovative products and expand their market share.

The Elastomeric Coatings Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3M Co.
  • Acry tech Coatings Inc.
  • Asian Paints Ltd.
  • BASF SE
  • Choksey Chemicals Pvt. Ltd.
  • Cloverdale Paint Inc.
  • Dow Inc.
  • DuluxGroup Ltd.
  • DURABUILD
  • Henry Co.
  • Jotun AS
  • Kamsons Chemicals Pvt. Ltd.
  • LATICRETE International Inc.
  • Masco Corp.
  • Master Builders Solutions Deutschland GmbH
  • Nippon Paint India Pvt. Ltd.
  • PDI Roof Coatings
  • PPG Industries Inc.
  • Progressive Painting Inc.
  • Sika AG
  • The Sherwin Williams Co.
  • Univar Solutions Inc.
.

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Research Analysis Overview

The Elastomeric Coatings market is witnessing significant growth due to the increasing demand for protective barriers in various industries. These coatings offer excellent resistance to weathering, UV radiation, and heat absorption, making them ideal for automotive interior coatings and sustainable building methods. Elastomeric coatings are produced using hazardous chemicals, but the shift towards waterborne production methods and eco-friendly alternatives, such as bios-based elastomers, is reducing the environmental impact. Two popular types of elastomeric coatings are roof coatings and wall coatings. Roof coatings, which can reflect light and reduce energy consumption, are particularly important in the building and construction sector as they contribute to energy efficiency. Wall coatings offer similar benefits, and their resistance to weathering and UV radiation makes them a durable and sustainable option. Several types of elastomeric coatings are available, including solvent-borne and water-borne options. Common elastomeric coatings include vinyl, polysulfide, acrylic, silicone, and polyurethane. Butyl is another popular elastomeric coating known for its excellent resistance to weathering and UV radiation. Despite their benefits, elastomeric coatings can contain volatile organic compounds (VOCs), which can negatively impact the environment. Therefore, it is essential to consider eco-friendly alternatives and proper disposal methods to minimize their impact on the environment.

Market Research Overview

The Elastomeric Coatings Market encompasses a wide range of coatings that offer flexibility, durability, and resistance to hazardous chemicals, making them ideal for various applications in the construction sector. These coatings, which include silicone formulations, are known for their reflective properties, contributing to indoor air quality and energy efficiency. Elastomeric coatings are suitable for roofing materials like metal and concrete, with substrate requirements that ensure proper adhesion and weather resistance. Construction practices continue to evolve, with a focus on reducing VOC content and adopting sustainable building methods. Elastomers are used in gaskets, seals, and other applications, as well as in roofing, wall coating, and automotive components. The use of elastomeric coatings extends to furniture, plastic wood, and wood composites, doors, and small furniture, as well as interior wood and wood coatings. Two component systems, high solids coatings, and powder coatings are popular elastomeric coating options. Climate change and extreme temperatures necessitate weather resistance and reflecting qualities, leading to the growth of cool roof coatings produced using waterborne production methods and bios-based elastomers. Certifications and energy efficiency standards are driving the demand for eco-friendly, light reflection, and heat absorption solutions. Elastomeric coatings provide protective barriers for concrete structures and various building and construction applications, including exterior and interior walls, automotive interior coatings, floor coatings, and roof coatings. Materials like acrylic latex paints, water-based coatings, vinyl, polysulfide, acrylic, silicone, polyurethane, butyl, and others are used in elastomeric coatings. UV radiation, heat absorption, and weathering resistance are critical factors in the selection of elastomeric coatings. The market continues to evolve, with a focus on providing energy-efficient options for various industries and applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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