Global Elastomeric Coatings Market - Segmented by Type, by Application, by Technology and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4515699
  • Report
  • Region: Global
  • 134 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Asian Paints Limited
  • BASF SE
  • Clariant Chemicals
  • Dow Corning
  • Henry Company
  • Jotun A/S
  • MORE
Asia-Pacific is expected to remain the fastest growing market in the coming years, owing to increasing demand from key countries, such as China and India through the forecast period. China is the major consumer of elastomeric coatings owing to the increasing construction sector.

Growing Infrastructure and Architectural Applications in the Asia-Pacific

The construction industry in Asia-Pacific is expanding at a very rapid rate primarily from major economies, such as China, India, and ASEAN countries. With the consistent economic growth in the Asia-Pacific countries, the demand for infrastructure is growing at a significant rate. The infrastructure sector includes, both, commercial and residential, which in turn, is increasing the demand for paints and coatings in the region. The entry of major construction players from the European Union provides lucrative market in countries, such as China and India, in the recent years, has fueled the market growth. The gross output from construction industry in the China has been increasing at a significant rate, since past few years. This, in turn, is boosting the demand for elastomeric coatings market.

Acrylic Type is the Fastest Growing

Acrylic resins are thermoplastic resins produced by the polymerization of meth acrylic acid esters (methacrylate) or acrylic acid esters (acrylates). Acrylic resins develop properties, such as transparency, high color ability, and UV resistance in coating solutions. They are used in water borne systems very often, which results in low VOC emission. The application of acrylic coatings leads to high surface hardness. In certain applications, such as walls, decks, and roofing, acrylic coatings provide elastomeric finishes to improve the UV resistance of the surface, if employed with some fluids. Application of acrylic coatings is primarily found in the construction industry, for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand, owing to environmental concerns like the negative impact of VOCs affecting the air quality in the environment. Owing to these benefits there has been significant growth of elastomeric coatings market during the forecast period.

The United States Dominates the Global Market

The United States accounted for the largest market share of elastomeric coatings in the world, followed by China. Growing infrastructure in the United States, which is one of the major consumer of elastomeric coatings.

Additionally, the elastomeric wall coatings are known for their superior water proofing and elongation properties, which makes them ideal to use as wall and roof coatings in the construction sector. The office space market in the country is estimated to grow by almost 10% in the coming years. The gradual growth of the commercial sector primarily office space construction is likely to have a positive impact on the elastomeric coatings market.

Major Players: Sherwin Williams, Axalta Coatings System, PPG Industries, Asian Paints Limited amongst others.

Notable Developments in the Market

June 2017: Sherwin-Williams Company completed the acquisition of The Valspar Corporation with an offer of USD 11.3 billion.

Reasons to Purchase this Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

The application that is expected to dominate the market

The region that is expected to witness fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet In excel

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Asian Paints Limited
  • BASF SE
  • Clariant Chemicals
  • Dow Corning
  • Henry Company
  • Jotun A/S
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Infrastructure And Architectural Applications In The Asia-Pacific
4.1.2 Increasing FDIs and Infrastructure Renovation in Emerging Economies
4.2 Constraints
4.2.1 Higher Costs in Comparison to Conventional Coatings
4.2.2 Vulnerable to Global Petrochemicals Price Fluctuations
4.3 Opportunities
4.3.1 Reduced Maintenance Costs Have Increased its Popularity
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Type
5.1.1 Butyl
5.1.2 Polyurethane
5.1.3 Silicone
5.1.4 Acrylic
5.1.5 Butyl Rubber
5.1.6 Others
5.2 By Technology
5.2.1 Water-borne
5.2.2 Solventborne
5.3 By Application
5.3.1 Wall Coatings
5.3.2 Roof Coatings
5.3.3 Floor Coatings
5.3.4 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 ASEAN Countries
6.1.7 Rest of APAC
6.2 Europe
6.2.1 Germany
6.2.2 UK
6.2.3 France
6.2.4 Italy
6.2.5 Russia
6.2.6 Rest of Europe
6.3 North America
6.3.1 US
6.3.2 Canada
6.3.3 Mexico
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 United Arab Emirates
6.5.4 Rest of MEA

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 Asian Paints Limited
8.2 Axalta Coating Systems LLC
8.3 BASF SE
8.4 Clariant Chemicals
8.5 Dow Corning
8.6 Henry Company
8.7 Jotun A/S
8.8 Nippon Paints
8.9 PPG Industries
8.10 Progressive Painting Inc.
8.11 Rodda Paints
8.12 Sherwin Williams
8.13 Valspar Corporation(Sherwin Williams)
*List Not Exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Asian Paints Limited
  • Axalta Coating Systems LLC
  • BASF SE
  • Clariant Chemicals
  • Dow Corning
  • Henry Company
  • Jotun A/S
  • Nippon Paints
  • PPG Industries
  • Progressive Painting Inc.
  • Rodda Paints
  • Sherwin Williams
  • Valspar Corporation(Sherwin Williams)
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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