Elastomeric Coating Market

Bharatbook.com announces a report on “Elastomeric Coating Market Technology, Application - Global Forecast to 2021”. The markets in other emerging economies such as Brazil, India, and Mexico are also expected to witness rapid growth. "https://www.bharatbook.com/materials-chemicals-market-research-reports-186710/elastomeric-coating-type-technology-application-global-forecast.html"

The global elastomeric coating market size is estimated to reach USD 13.58 billion by 2021, at a CAGR of 15.19% between 2016 and 2021. 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.

Wall coatings is the largest application of elastomeric coating

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.

Rising demand in Asia-Pacific is the major driver of elastomeric coating market

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.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary...