Dynamics and Growth Prospects of Global Elastomeric Coatings Market Forecast 2018-2023

Elastomeric Coatings

The Onerous Demand Of Global Elastomeric Coatings Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Elastomeric Coatings industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Elastomeric Coatings market growth over the forecast period.

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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.

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Elastomeric Coatings Market Forecast 2018-2023

The Elastomeric Coatings industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Elastomeric Coatings production, supply, sales and market status.

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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

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