Burgeoning Construction Activities Drive Elastomeric Coatings Market on a Remunerative Growth Trajectory: Future Market Insights

Burgeoning Construction Activities Drive Elastomeric Coatings Market on a Remunerative Growth Trajectory: Future Market Insights

PR Newswire

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.

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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

Type

Application

Building & Construction

Industrial
Automotive & Transportation
Others

Region

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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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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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