Such factors, as revealed by the latest MRFR report, include rising demand from residential and commercial sectors, surging demand for energy-efficient roof systems, increasing use in the automotive sector, and growing demand for such products in various applications such as roof coating and wall coating in residential and commercial sectors.
Additional factors adding to the Elastomeric Coating Market Growth include increasing investment in the construction sector, rapid industrialization, increasing automotive production, economic growth worldwide, and rising per capita disposable income.The Elastomeric Coating Market is likely to touch USD 14.6 billion at a 7.8% CAGR between 2017-2025, reveals the new Market Research Future (MRFR) report.
Surface adhesion, flexibility, toughness, and elasticity are the alluring features of Elastomeric Coatings owing to which it has wide applications such as floor, roof, and wall, among others.On the contrary, high initial cost and volatile raw material cost are factors that may limit the Elastomeric Coating Market Growth over the forecast period.Key Players:Notable Players Profiled in the Elastomeric Coating Market Report include Rodda Paint Co. (U.S.), Clariant (Switzerland.
), The Dow Chemical Company (U.S.), PPG Industries, Inc. (U.S.), Henry Company (U.S.), and BASF SE (Germany).
Industry players have incorporated several strategies such as mergers and acquisitions, strategic alliances, extensive research and development, product development, and collaborations to create a niche in the market.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1699Market Segmentation:The Market Research Future Report provides an inclusive Segmental Analysis of the Elastomeric Coating Market based on End Use Industry, Application, Source, and Type.By Type, the Elastomeric Coating Market is segmented into silicone, polyurethane, acrylic, and others.
Of these, wall coatings will have a major share in the market over the forecast period.By End Use Industry, the Elastomeric Coating Market is segmented into aerospace, marine, construction, automotive, and others.Regional Analysis:By Region, Global Elastomeric Coating Market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).