DUBAI, U.A.E., Sept. 8, 2020
DUBAI, U.A.E., Sept. 8, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the global elastomeric coatings market is forecasted to behold substantial growth in terms of value between 2019 and 2029.
In the recent past, the demand for environment-friendly and advanced coatings has increased remarkably in construction activities. This is expected to remain the key growth attribute to elastomeric coatings, which majorly find applications in the construction sector. As the construction industry continues to flourish annually, the demand for elastomeric coatings is poised to increase in direct proportion.
Furthermore, advancements in coating technologies are ensuring healthy adoption in waterproofing applications across several industries including building & construction, automotive, chemical, oil & gas, energy & power, etc. Likewise, the superior water-resistant properties of elastomeric coatings are equally important to the growth of the market by fuelling the sales.
"Manufacturers are focusing on research & development activities to enhance the physical properties of the coatings, such as waterproofing, to widen the scope of applications," remarks FMI analyst.
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Elastomeric Coatings Market - Key Takeaways
Elastomeric Coatings Market - Key Trends
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Elastomeric Coatings Market - Regional Analysis
Elastomeric Coatings Market - Competitive Landscape
Major players profiled in the report include BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc., among others. On the product development front, players are focusing on manufacturing sustainable variants to cater to wider applications. On the strategic front, they are resorting to distribution partnerships and geographical expansion.
Elastomeric Coatings Market - Taxonomy
Building & Construction
Automotive & Transportation
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Get Valuable Insights into the Elastomeric Coatings Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global elastomeric coatings market, presenting historical demand data and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the elastomeric coatings market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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