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The elastomeric coatings market covers the following areas: Scope
Elastomeric Coatings Market - Drivers & Challenges
The increasing consumption of thermoplastic elastomer coatings in the automotive industry is one of the key drivers supporting the elastomeric coatings market growth. Thermoplastic elastomers, such as acrylic, ethylene-propylene rubber, polyurethane, and other polymers, are preferred for coating applications in automotive plastic components. For instance, according to the International Trade Administration (ITA), the Chinese government is expected to increase the sales of automobiles in the country to 35 million units by 2025.
However, volatility in the prices of raw materials is one of the factors hindering the elastomeric coatings market growth. Global crude oil demand declined by 2.5 million barrels per day (mb/d) in Q2 2020 due to the nationwide lockdowns implemented across countries globally following the outbreak of COVID-19. In the second quarter, i.e., Q2 2020, global oil declined by around 90,000 barrels a day compared with the corresponding period in 2019. In addition, according to BP's statistics, oil prices declined to $64.21/bbl in 2019, while they were $71.31/bbl in 2018.
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Elastomeric Coatings Market - Segmentation Analysis
Technavio analyzes the elastomeric coatings market by Type (Silicone, Acrylic, and Urethane) and Geography (APAC, Europe, North America, South America, Middle East, and Africa, China, US, Japan, Germany, and India).
- The elastomeric coatings market share growth by the silicone segment will be significant for revenue generation. The effectiveness of silicon-based technologies in coatings has widened their scope, from high-performance applications to their broad usage across the coatings industry. Furthermore, owing to their high thermal stability and weathering resistance, silicone coatings are widely used in the electronics industry. In addition, silicone coatings also find applications in several end-user industries, such as construction, healthcare, automotive, and transportation, on account of their reliability and high performance, which is expected to bolster the demand for silicone-based elastomeric coatings during the forecast period.
- 54% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the elastomeric coatings market in APAC. Market growth in this region will be faster/slower than the growth of the market in regions. The rapid consumption of polyether block amide thermoplastic elastomers in waterproof roof coatings and floor coatings will facilitate the elastomeric coatings market growth in APAC over the forecast period.
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Elastomeric Coatings Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.48% |
Market growth 2022-2026 |
USD 790.3 million |
Market structure |
Fragmented |
YoY growth (%) |
3.49 |
Performing market contribution |
APAC at 54% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Acry tech Coatings Inc., Asian Paints Ltd., BASF SE, Choksey Chemicals Pvt. Ltd., Cloverdale Paint Inc., Dow Inc., DuluxGroup Ltd., DURABUILD, Henry Co., Jotun AS, Kamsons, LATICRETE International Inc., Masco Corp., Master Builders Solutions Deutschland GmbH, Nippon Paint India Pvt. Ltd., PDI Roof Coatings, PPG Industries Inc., Progressive Painting Inc., Sika AG, The Sherwin-Williams Co., and Univar Solutions Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Silicone - Market size and forecast 2021-2026
- Exhibit 28: Chart on Silicone - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Silicone - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Silicone - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Silicone - Year-over-year growth 2021-2026 (%)
- 5.4 Acrylic - Market size and forecast 2021-2026
- Exhibit 32: Chart on Acrylic - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Acrylic - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Acrylic - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Acrylic - Year-over-year growth 2021-2026 (%)
- 5.5 Urethane - Market size and forecast 2021-2026
- Exhibit 36: Chart on Urethane - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Urethane - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Urethane - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Urethane - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 BASF SE
- Exhibit 93: BASF SE - Overview
- Exhibit 94: BASF SE - Business segments
- Exhibit 95: BASF SE - Key news
- Exhibit 96: BASF SE - Key offerings
- Exhibit 97: BASF SE - Segment focus
- 10.4 Dow Inc.
- Exhibit 98: Dow Inc. - Overview
- Exhibit 99: Dow Inc. - Business segments
- Exhibit 100: Dow Inc. - Key offerings
- Exhibit 101: Dow Inc. - Segment focus
- 10.5 DuluxGroup Ltd.
- Exhibit 102: DuluxGroup Ltd. - Overview
- Exhibit 103: DuluxGroup Ltd. - Product / Service
- Exhibit 104: DuluxGroup Ltd. - Key offerings
- 10.6 Henry Co.
- Exhibit 105: Henry Co. - Overview
- Exhibit 106: Henry Co. - Product / Service
- Exhibit 107: Henry Co. - Key offerings
- 10.7 Jotun AS
- Exhibit 108: Jotun AS - Overview
- Exhibit 109: Jotun AS - Business segments
- Exhibit 110: Jotun AS - Key offerings
- Exhibit 111: Jotun AS - Segment focus
- 10.8 Masco Corp.
- Exhibit 112: Masco Corp. - Overview
- Exhibit 113: Masco Corp. - Business segments
- Exhibit 114: Masco Corp. - Key offerings
- Exhibit 115: Masco Corp. - Segment focus
- 10.9 Nippon Paint India Pvt. Ltd.
- Exhibit 116: Nippon Paint India Pvt. Ltd. - Overview
- Exhibit 117: Nippon Paint India Pvt. Ltd. - Product / Service
- Exhibit 118: Nippon Paint India Pvt. Ltd. - Key offerings
- 10.10 PPG Industries Inc.
- Exhibit 119: PPG Industries Inc. - Overview
- Exhibit 120: PPG Industries Inc. - Business segments
- Exhibit 121: PPG Industries Inc. - Key news
- Exhibit 122: PPG Industries Inc. - Key offerings
- Exhibit 123: PPG Industries Inc. - Segment focus
- 10.11 Progressive Painting Inc.
- Exhibit 124: Progressive Painting Inc. - Overview
- Exhibit 125: Progressive Painting Inc. - Product / Service
- Exhibit 126: Progressive Painting Inc. - Key offerings
- 10.12 The Sherwin-Williams Co.
- Exhibit 127: The Sherwin-Williams Co. - Overview
- Exhibit 128: The Sherwin-Williams Co. - Business segments
- Exhibit 129: The Sherwin-Williams Co. - Key news
- Exhibit 130: The Sherwin-Williams Co. - Key offerings
- Exhibit 131: The Sherwin-Williams Co. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 132: Inclusions checklist
- Exhibit 133: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 134: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation techniques employed for market sizing
- Exhibit 137: Information sources
- 11.5 List of abbreviations
- Exhibit 138: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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