Global Market Size of Elastomeric Coating was Estimated to be More than $5.5 Billion in 2013

Date: 2015-08-30

“The report covers the global elastomeric coating market and also divides it on the basis of type, applications, and region. The market data for these elastomeric coating types are given with respect to volume (kilo tons) and value ($million). The global market size by value of elastomeric coating was estimated to be more than $5.5 billion in 2013 and is projected to grow at a CAGR of about 12% – 14%% between 2014 and 2019. The data mentioned in the report are based on the global demand for elastomeric coating.

The impact of different market factors, such as drivers, restraints, opportunities, and challenges are also illustrated in the report. This gives an idea about the key drivers, such as superior performance compared to other coatings; growth of Tilt-up Concrete in Building Construction market, and others. The economic slowdown in Western Europe and the U.S. also affected the economy of other developed countries and the price volatility in the past.

The key companies in this market are BASF SE (Germany), Henry (California), Dow Corning (U.S.), Progressive Painting Inc. (U.S.), Sherwin Williams (U.S.), Clariant Chemicals (Switzerland), PPG Industries (U.S.), Nippon Paints (Japan), Jotun A/S (Norway), Rodda Paints (U.S.). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments and expansions and new product launches were the most preferred strategies of the top players from 2011-2015 that were driving the demand of elastomeric coating. 

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