Global Elastomeric Coating Market Growing 15% CAGR to 2021
PUNE, India, August 22, 2016 /PRNewswire/ --
Led by wall coatings, worldwide elastomeric coating market size is estimated to reach $ 13.58 billion by 2021, at a CAGR of 15.19%, fueled by their ability of bridging the gaps between pores and cracks and their performance properties while wall coatings is the largest application of elastomeric coating market.
Complete report on global elastomeric coating market spread across 156 pages, profiling 10 companies and supported with 129 tables and 51 figures is now available at http://www.reportsnreports.com/reports/403607-elastomeric-coating-market-by-type-butyl-acrylic-polyurethane-silicone-others-by-technology-waterborne-solvent-borne-by-application-wall-coatings-floor-horizontal-surface-coatings-roof-coatings-others-global-forecasts-to-2019.html .
Their ability of bridging the gaps between pores and cracks and their performance properties are fueling the overall demand of elastomeric coating in the next five years globally. Elastomeric coatings are used in the construction sector for wall coatings, roof coatings, and floor coatings applications. In 2015, the wall coating application accounted for the largest market share, in terms of value and volume. It is followed by the roof coating application. The elastomeric coating market in the wall coatings segment is projected to witness the highest CAGR between 2016 and 2021, in terms of volume.
The high demand in Asia-Pacific is expected to be the major driver of the global elastomeric coating market. China is expected to lead the Asia-Pacific market in terms of demand for elastomeric coating due to the increased industrial production of elastomeric coating raw materials such as acrylic, polyurethane, silicone, and butyl in the last 3-4 years. It is also among the leading emerging markets of elastomeric coating, globally. The markets in other emerging economies such as Brazil, India, and Mexico are also expected to witness rapid growth.
The key companies profiled in this market research report are BASF SE (Germany), Henry Company (U.S.), PPG Industries Inc. (U.S.), Dow Corning (U.S.), Nippon Paints. (Japan), Sherwin-Williams Company (U.S.), Rodda Paints (U.S.) and others. Order a copy of Elastomeric Coating Market by Type (Acrylic, Polyurethane, Silicone, and Butyl), Technology (Waterborne and Solventborne), Application (Wall Coatings, Floor/ Horizontal Surface Coatings, and Roof Coatings) - Global Forecast to 2021 research report available at http://www.reportsnreports.com/purchase.aspx?name=403607 .
In the process of determining and verifying, the global elastomeric coating market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (58%), Tier 2 (33%) and Tier 3 (9%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (50%), Director Level (33%), and others (17%) from various key organizations operating in the global elastomeric coating market. The primary interviews were conducted worldwide covering regions such as North America (33%), Europe (30%), Asia-Pacific (14%), South America (14%) and the Middle East & Africa (9%).
On a related note, another research on Insulation Coating Market Global Trends & Forecasts to 2021 says, Polyurethane is the fastest-growing type of insulation coatings driven by rising demand for insulation coatings with superior energy efficiency and operability at wide range of temperatures. Rising demand in Asia-Pacific is the major driver for the insulation coatings market. The market size is estimated to reach USD 8.29 billion by 2021 at a CAGR of 7.9% between 2016 and 2021. Companies like The Dow Chemical Company (U.S.), Akzo Nobel NV (Netherlands), PPG Industries(U.S.), The Sherwin-Williams Company (U.S.), Kansai Paint (Japan), Jotun Group(Norway), Mascoat (U.S.), Carboline (U.S.), Nippon Paint (Japan), Sharpshell Industrial Solution have been profiled in this 197 pages research report available at http://www.reportsnreports.com/reports/603170-insulation-coating-market-by-type-acrylics-epoxy-polyurethane-ysz-mullite-and-others-by-end-use-industry-aerospace-automotive-transportation-industrial-marine-buildings-construction-and-others-by-region-north-america-europe-asia-pacific-middle-east-africa-and-south-america-global-trends-forecasts-to-2021.html .
Explore more reports on Chemicals market at http://www.reportsnreports.com/market-research/chemicals/ .
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