Global Elastomeric Coating Market Size, Trends and Growth Opportunity, By Type (Acrylic Elastomeric Coating, Polyurethane Elastomeric Coating, Silicone Elastomeric Coating, Butyl Elastomeric Coating, Polysulfide, Vinyl Polymers, Epoxy, Polyurea, Others), By Technology (Water-Borne Elastomeric Coating, Solvent-Borne Elastomeric Coating), By Application (Building and Construction), By End-Use (Residential, Commercial, Industrial, Others), By Region and forecast till 2030.
Global Elastomeric Coating Market
Global Elastomeric Coating Market was valued at USD 7155.57 million in 2022 and is slated to reach USD 18,687.95 million by 2030 at a CAGR of 12.77% from 2023-2030.
Elastomeric coatings can be stretched almost two times their original length before shrinking back to their original dimensions. Even the smallest roof leaks can be effectively sealed by this kind of coating due to its extraordinary thickness and flexibility. Elastomeric coatings can be applied to any surface, including walls, roofs, etc., while still being liquid. After the application is complete, it totally dries down, staying rigid on the front of the structure and flexible beneath it while still moving with the system.
Market Drivers
The major end-user of elastomeric coating has been the building and construction industry, which is also the sector driving the industry's expansion. Surfaces made of concrete, metal, and plastic can now be shielded by elastomeric coatings. Elastomeric coatings repair fissures that form in stucco, concrete exterior walls, and roofs to stop water from penetrating the built-up walls. Some of these coatings include acrylic, silicone, and polyurethane polymers. Water drops cannot permeate the interior layers of concrete due to the high surface tension of these polymers, which causes them to bead instead. Elastomeric coatings are anticipated to have an increase in demand due to its unique utility, which will lead to a growth in the market. The target market is expected to develop as a result of a number of important factors, including the rising demand for elastomeric coating materials, which is predicted to increase their use in the automotive industry. These coatings can be applied to the plastic surfaces of vehicle body pieces and still preserve their aesthetic appeal because they are incredibly resilient. Elastomeric coatings commonly used include those made of acrylic, polyurethane, polysulfide, butyl, silicone, and vinyl polymers.
Market Restraints
The high cost of resignation and the instability of raw materials are barriers to the market for elastomeric coatings. Elastomeric coatings, on the other hand, are becoming more and more common in the construction industry due to their waterproofing and flexible protective layers, resistance to solvents and microbes, and high adhesive strength. Therefore, it is projected that the rapidly expanding construction industry would result in a large increase in demand for elastomeric coating.
Recent Development
When the ATLAS V 541 rocket sent NASA's Perseverance rover to Mars in July 2020, PPG reported in 2021 that it had provided United Launch Alliance (ULA) with aerospace sealants, coatings, and adhesives. After an almost seven-month space journey, the rover landed on the Red Planet in February 2021.
PPG announced that the acquisition of Versa Flex from DalFort Capital Partners was finished in 2021. Versa Flex specialises in coatings for industrial floors, transportation infrastructure, and water and wastewater infrastructure made of polyurethane, epoxy, and polyurea.
Versa Flex, a manufacturer of flooring, industrial, and infrastructure coatings made of polyurea, epoxy, and polyurethane, stated in 2021 that it had signed a legally binding agreement to be acquired by PPG. Versa Flex belongs to the portfolio of firms managed by DalFort Capital Partners. The deal should finalise in the first quarter of 2021 under typical closing circumstances. There was no release of financial information.
Market Segmentation
Global Elastomeric Coating Market is segmented into Type, Technology, Application and End-Use. By Type such as Acrylic Elastomeric Coating, Polyurethane Elastomeric Coating, Silicone Elastomeric Coating, Butyl Elastomeric Coating, Polysulfide, Vinyl Polymers, Epoxy, Polyurea, Others. By Technology such as Water-Borne Elastomeric Coating, Solvent-Borne Elastomeric Coating. By Application such as Building and construction, Wall Coating, Floor Coating/ Horizontal Surface Coatings, Roof Coating, Bridges Coating, Others, Build up roofing, Concrete Roofing, Metal Roofing, Modified Bitumen Roofing, Polyurethane foam roofing, Single ply roofing, Bridges. By End-Use such as Residential, Commercial, Automotive, Transportation, Marine, Aerospace, Industrial, Others.
Regional Analysis
Global Elastomeric Coating Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. As the United States consumes a significant portion of the elastomeric coating market, North America dominates this sector. A recent government infrastructure programme worth USD 3.4 trillion has also increased demand for elastomeric coating as a less expensive and more long-lasting type of coating in the North American region. In the construction and automotive industries, the Asia-Pacific region is predicted to experience the fastest growth. The largest portion of the global market was in the Asia-Pacific region. Due to increased investments in residential and commercial building in countries like India, China, the Philippines, Vietnam, and Indonesia, it is projected that the market for elastomeric coatings would expand in the approaching years.
Key Players
This report includes a list of numerous Key Players, namely BASF SE (Germany), Dow (U.S.), CLARIANT (Switzerland), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Huntsman International LLC. (U.S.), MarvelVinyls (India), The VersaFlex Companies (U.S.), Axalta Coating Systems, LLC (U.S.).
Market Taxonomy
By Type
• Acrylic Elastomeric Coating
• Polyurethane Elastomeric Coating
• Silicone Elastomeric Coating
• Butyl Elastomeric Coating
• Polysulfide
• Vinyl Polymers
• Epoxy
• Polyurea
• Others
By Technology
• Water-Borne Elastomeric Coating
• Solvent-Borne Elastomeric Coating
By Application
• Building and construction
• Wall Coating
• Floor Coating/ Horizontal Surface Coatings
• Roof Coating
• Bridges Coating
• Others
• Build up roofing
• Concrete Roofing
• Metal Roofing
• Modified Bitumen Roofing
• Polyurethane foam roofing
• Single ply roofing
• Bridges
By End-Use
• Residential
• Commercial
• Automotive
• Transportation
• Marine
• Aerospace
• Industrial
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Elastomeric Coating Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Elastomeric Coating Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Elastomeric Coating Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Elastomeric Coating Market Share Analysis, By Type
5.3 Global Elastomeric Coating Market Size and Forecast, By Type
5.3.1 Acrylic Elastomeric Coating
5.3.2 Polyurethane Elastomeric Coating
5.3.3 Silicone Elastomeric Coating
5.3.4 Butyl Elastomeric Coating
5.3.5 Polysulfide
5.3.6 Vinyl Polymers
5.3.7 Epoxy
5.3.8 Polyurea
5.3.9 Others
6 Global Elastomeric Coating Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Elastomeric Coating Market Share Analysis, By Technology
6.3 Global Elastomeric Coating Market Size and Forecast, By Technology
6.3.1 Water-Borne Elastomeric Coating
6.3.2 Solvent-Borne Elastomeric Coating
7 Global Elastomeric Coating Market, By End-Use
7.1 Y-o-Y Growth Comparison, By End-Use
7.2 Global Elastomeric Coating Market Share Analysis, By End-Use
7.3 Global Elastomeric Coating Market Size and Forecast, By End-Use
7.3.1 Residential
7.3.2 Commercial
7.3.3 Automotive
7.3.4 Transportation
7.3.5 Marine
7.3.6 Aerospace
7.3.7 Industrial
7.3.8 Others
8 Global Elastomeric Coating Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Elastomeric Coating Market Share Analysis, By Application
8.3 Global Elastomeric Coating Market Size and Forecast, By Application
8.3.1 Building and construction
8.3.2 Wall Coating
8.3.3 Floor Coating/ Horizontal Surface Coatings
8.3.4 Roof Coating
8.3.5 Bridges Coating
8.3.6 Others
8.3.7 Buildup roofing
8.3.8 Concrete Roofing
8.3.9 Metal Roofing
8.3.10 Modified Bitumen Roofing
8.3.11 Polyurethane foam roofing
8.3.12 Single ply roofing
8.3.13 Bridges
9 Global Elastomeric Coating Market, By Region
9.1 Global Elastomeric Coating Market Share Analysis, By Region
9.2 Global Elastomeric Coating Market Share Analysis, By Region
9.3 Global Elastomeric Coating Market Size and Forecast, By Region
10 North America Elastomeric Coating Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Elastomeric Coating Market Share Analysis, By Type
10.3 North America Elastomeric Coating Market Share Analysis, By Technology
10.4 North America Elastomeric Coating Market Share Analysis, By End-Use
10.5 North America Elastomeric Coating Market Share Analysis, By Application
10.6 North America Elastomeric Coating Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Type
10.6.1.2 Market Size and Forecast, By Technology
10.6.1.3 Market Size and Forecast, By End-Use
10.6.1.4 Market Size and Forecast, By Application
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Technology
10.6.2.3 Market Size and Forecast, By End-Use
10.6.2.4 Market Size and Forecast, By Application
10.6.3 Mexico
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Technology
10.6.2.3 Market Size and Forecast, By End-Use
10.6.2.4 Market Size and Forecast, By Application
11 Europe Elastomeric Coating Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Elastomeric Coating Market Share Analysis, By Type
11.3 Europe Elastomeric Coating Market Share Analysis, By Technology
11.4 Europe Elastomeric Coating Market Share Analysis, By End-Use
11.5 Europe Elastomeric Coating Market Share Analysis, By Application
11.6 Europe Elastomeric Coating Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Technology
11.6.1.3 Market Size and Forecast, By End-Use
11.6.1.4 Market Size and Forecast, By Application
11.6.2 France
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Technology
11.6.1.3 Market Size and Forecast, By End-Use
11.6.1.4 Market Size and Forecast, By Application
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Type
11.6.3.2 Market Size and Forecast, By Technology
11.6.3.3 Market Size and Forecast, By End-Use
11.6.3.4 Market Size and Forecast, By Application
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Type
11.6.4.2 Market Size and Forecast, By Technology
11.6.4.3 Market Size and Forecast, By End-Use
11.6.4.4 Market Size and Forecast, By Application
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Type
11.6.5.2 Market Size and Forecast, By Technology
11.6.5.3 Market Size and Forecast, By End-Use
11.6.5.4 Market Size and Forecast, By Application
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Type
11.6.6.2 Market Size and Forecast, By Technology
11.6.6.3 Market Size and Forecast, By End-Use
11.6.6.4 Market Size and Forecast, By Application
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Type
11.6.7.2 Market Size and Forecast, By Technology
11.6.7.3 Market Size and Forecast, By End-Use
11.6.7.4 Market Size and Forecast, By Application
12 Asia Pacific Elastomeric Coating Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Elastomeric Coating Market Share Analysis, By Type
12.3 Asia Pacific Elastomeric Coating Market Share Analysis, By Technology
12.4 Asia Pacific Elastomeric Coating Market Share Analysis, By End-Use
12.5 Asia Pacific Elastomeric Coating Market Share Analysis, By Application
12.6 Asia Pacific Elastomeric Coating Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Type
12.6.1.2 Market Size and Forecast, By Technology
12.6.1.3 Market Size and Forecast, By End-Use
12.6.1.4 Market Size and Forecast, By Application
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Type
12.6.2.2 Market Size and Forecast, By Technology
12.6.2.3 Market Size and Forecast, By End-Use
12.6.2.4 Market Size and Forecast, By Application
12.6.3 India
12.6.3.1 Market Size and Forecast, By Type
12.6.3.2 Market Size and Forecast, By Technology
12.6.3.3 Market Size and Forecast, By End-Use
12.6.3.4 Market Size and Forecast, By Application
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Technology
12.6.4.3 Market Size and Forecast, By End-Use
12.6.4.4 Market Size and Forecast, By Application
12.6.5 Australia
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Technology
12.6.4.3 Market Size and Forecast, By End-Use
12.6.4.4 Market Size and Forecast, By Application
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Type
12.6.6.2 Market Size and Forecast, By Technology
12.6.6.3 Market Size and Forecast, By End-Use
12.6.6.4 Market Size and Forecast, By Application
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Type
12.6.7.2 Market Size and Forecast, By Technology
12.6.7.3 Market Size and Forecast, By End-Use
12.6.7.4 Market Size and Forecast, By Application
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Type
12.6.8.2 Market Size and Forecast, By Technology
12.6.8.3 Market Size and Forecast, By End-Use
12.6.8.4 Market Size and Forecast, By Application
12.6.9. Rest of Asia
12.6.9.1 Market Size and Forecast, By Type
12.6.9.2 Market Size and Forecast, By Technology
12.6.9.3 Market Size and Forecast, By End-Use
12.6.9.4 Market Size and Forecast, By Application
13 Latin America Elastomeric Coating Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Elastomeric Coating Market Share Analysis, By Type
13.3 Latin America Elastomeric Coating Market Share Analysis, By Technology
13.4 Latin America Elastomeric Coating Market Share Analysis, By End-Use
13.5 Latin America Elastomeric Coating Market Share Analysis, By Application
13.6 Latin America Elastomeric Coating Market Size and Forecast, Country
13.6.1. Brazil
13.6.1.1 Market Size and Forecast, By Type
13.6.1.2 Market Size and Forecast, By Technology
13.6.1.3 Market Size and Forecast, By End-Use
13.6.1.4 Market Size and Forecast, By Application
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Type
13.6.2.2 Market Size and Forecast, By Technology
13.6.2.3 Market Size and Forecast, By End-Use
13.6.2.4 Market Size and Forecast, By Application
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Type
13.6.3.2 Market Size and Forecast, By Technology
13.6.3.3 Market Size and Forecast, By End-Use
13.6.3.4 Market Size and Forecast, By Application
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Type
13.6.4.2 Market Size and Forecast, By Technology
13.6.4.3 Market Size and Forecast, By End-Use
13.6.4.4 Market Size and Forecast, By Application
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Type
13.6.5.2 Market Size and Forecast, By Technology
13.6.5.3 Market Size and Forecast, By End-Use
13.6.5.4 Market Size and Forecast, By Application
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Type
13.6.6.2 Market Size and Forecast, By Technology
13.6.6.3 Market Size and Forecast, By End-Use
13.6.6.4 Market Size and Forecast, By Application
13.6.7. Rest of Latin America
13.6.7.1 Market Size and Forecast, By Type
13.6.7.2 Market Size and Forecast, By Technology
13.6.7.3 Market Size and Forecast, By End-Use
13.6.7.4 Market Size and Forecast, By Application
14 Middle East Elastomeric Coating Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Elastomeric Coating Market Share Analysis, By Type
14.3 Middle East Elastomeric Coating Market Size and Forecast, By Technology
14.4 Middle East Elastomeric Coating Market Size and Forecast, By End-Use
14.5 Middle East Elastomeric Coating Market Size and Forecast, By Application
14.6 Middle East Elastomeric Coating Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.1.1 Market Size and Forecast, By Type
14.6.1.2 Market Size and Forecast, By Technology
14.6.1.3 Market Size and Forecast, By End-Use
14.6.1.4 Market Size and Forecast, By Application
14.6.2. UAE
14.6.2.1 Market Size and Forecast, By Type
14.6.2.2 Market Size and Forecast, By Technology
14.6.2.3 Market Size and Forecast, By End-Use
14.6.2.4 Market Size and Forecast, By Application
14.6.3. Egypt
14.6.3.1 Market Size and Forecast, By Type
14.6.3.2 Market Size and Forecast, By Technology
14.6.3.3 Market Size and Forecast, By End-Use
14.6.3.4 Market Size and Forecast, By Application
14.6.4. Kuwait
14.6.4.1 Market Size and Forecast, By Type
14.6.4.2 Market Size and Forecast, By Technology
14.6.4.3 Market Size and Forecast, By End-Use
14.6.4.4 Market Size and Forecast, By Application
14.6.5. South Africa
14.6.5.1 Market Size and Forecast, By Type
14.6.5.2 Market Size and Forecast, By Technology
14.6.5.3 Market Size and Forecast, By End-Use
14.6.5.4 Market Size and Forecast, By Application
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Type
14.6.6.2 Market Size and Forecast, By Technology
14.6.6.3 Market Size and Forecast, By End-Use
14.6.6.4 Market Size and Forecast, By Application
15 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
16 Company Profiles
16.1 BASF SE (Germany)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Dow (U.S.)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 CLARIANT (Switzerland)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Nippon Paint Holdings Co., Ltd. (Japan)
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 PPG Industries, Inc. (U.S.)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 The Sherwin-Williams Company (U.S.)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Huntsman International LLC. (U.S.)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 MarvelVinyls (India)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 The VersaFlex Companies (U.S.)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Axalta Coating Systems, LLC (U.S.)
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
