Elastomeric Coatings Market Size, Share, Trends, Growth 2032

Elastomeric Coatings Market Insights

According to Zion Market Research, the global Elastomeric Coatings Market was worth USD 11.70 Billion in 2023. The market is forecast to reach USD 16.79 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Elastomeric Coatings industry over the next decade.

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Global Elastomeric Coatings Market: Overview

Elastomeric coatings are an excellent durable liquid that is used to patch leaks and provides protection on the surface. It is widely used for the purpose such as repairing leaks, crack bridging, waterproofing & weather proofing and resistance to dirt. It is one of the coatings used in roof coating and extends the life of the roof. The climatic variation can cause cracks on the roof surfaces and weakens the surface by contraction and expansion. Owing to its excellent performance in comparison to other coatings is triggering the growth of the market.

Global Elastomeric Coatings Market: Growth Factors

Rising construction and infrastructural activities is significantly influencing the demand for elastomeric coatings. Moreover, its superior waterproofing and elongation properties make them ideal for roof and wall coatings. The reliable waterproofing feature, and crack fixing ability of elastomeric coatings compared to conventional coating methods are some of the factors driving the growth of the global elastomeric coatings market over the past few years.  

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In addition, the increasing demand for energy-efficient cool roof concept may boost the elastomeric coatings market in the upcoming years. Increasing population along with the advancements in new technologies related to the coatings may impact the growth the elastomeric coatings market globally in a positive way.

Global Elastomeric Coatings Market: Segmentation

On the basis of technology type, the global elastomeric coatings market is segmented into water-borne and solvent-borne coatings.

Based on the composition, the global market is categorized into acrylic, polyurethane, silicone, and butyl, among others.

The acrylic segment dominated the market in 2019. It is due to its superior properties, including transparency, and UV resistance in coating solutions.

Elastomeric coatings are used in several applications including floor/horizontal Surface coating, wall coating, roof coating, and others. The wall coating application is expected to dominate the elastomeric coatings market over the forecast timeframe owing to its superior elastic and waterproofing properties. Moreover, rapid commercial and residential activities have boosted the demand for elastomeric coatings market.

The end-users of the market are industrial, textile, marine, among others.

Elastomeric Coatings Market: Report Scope

Global Elastomeric Coatings Market: Regional Analysis

North America has accounted the highest market share in the global elastomeric coatings market. High demand in Asia Pacific is anticipated to register the highest CAGR over the forecast period. In addition, increased industrial production of elastomeric coatings of raw materials in China also boosts the growth of the market in Asia Pacific. Furthermore, Europe is anticipated to witness a steady growth owing to the stringent government regulations over VOC emissions from coatings and saturated end-user markets. The Middle East and Africa is expected to experience considerable growth in the elastomeric coatings market in the near future.

Global Elastomeric Coatings Market: Competitive Players

Some main participants of the global elastomeric coatings market are

• Henry Company
• The Dow Chemical Company
• Nippon Paints
• The Sherwin-Williams Company
• BASF SE
• PPG Industries, Inc
• The Valspar Corporation
• Clariant AG
• Jotun A/S
• Dulux Australia
• Rodda Paints
• 3M
• Univar Inc
• BEHR Process Corporation
• Progressive paints
• Axalta Coating Systems LLC

The global elastomeric coatings market is segmented as follows:

By Technology

• Water-Borne
• Solvent-Borne Coatings

By Composition

• Acrylic
• Polyurethane
• Silicone
• Butyl
• Others

By Application

• Wall coatings
• Roof coatings
• Floor/horizontal Surface Coatings
• Others

By End-User

• Industrial
• Textile
• Marine
• Others

Elastomeric Coatings Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa