Market Overview:
The global elastomeric paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elastomeric paints from various end-use industries, such as hotel, office building, residential, and hospital. In addition, the growing demand for energy-efficient and environment-friendly coatings is also propelling the growth of this market. Based on type, solvent type elastomeric paint held a major share of the global elastomeric paint market in 2017.
Product Definition:
Elastomeric paint is a type of coating that is applied to surfaces in order to protect them from the elements and to extend their life. Elastomeric paint is typically used on roofs, walls, and other exterior surfaces. It can be applied in a variety of colors and finishes, and it forms a protective barrier that resists water, moisture, dirt, and other contaminants. Elastomeric paint also helps to insulate surfaces against the cold or heat extremes of the weather.
Solvent Type Elastomeric Paint:
Solvent type elastomeric paint is a two-component system, comprising of an organic solvent and a latex. The organic solvent allows the easy blending with the latex while drying. It also helps in thinning down the mixture to achieve an even coating on the substrate.
The demand for this product is increasing owing to its properties such as excellent adhesion, abrasion & weathering resistance along with high flexibility and low VOC emissions during application & drying process.
Emulsion Type Elastomeric Paint:
Emulsion type elastomeric paint is a two component water based emulsion polymerization coating system that contains an oil-based carrier or binder. The product is manufactured using high molecular weight polyurethane, which has excellent elasticity and resilience. It also has good abrasion resistance, flexing properties, and solvent resistance making it suitable for various applications in the automotive industry including body side cladding of vehicles.
Application Insights:
The global demand has witnessed a paradigm shift due to rising awareness among consumers regarding the use of sustainable construction materials. Elastomeric paints are witnessing growing adoption in residential as well as commercial applications owing to their low VOC content and high durability. Increasing focus on green building construction is expected to drive product demand in various end-use industries over the forecast period.
Hotel application was the largest segment with a revenue share of more than 35% in 2017 and is expected to witness significant growth over the forecast period, attributed to increasing hotel construction across all major economies globally. In addition, these paints offer superior resistance against water & moisture which further propels its demand for hotel application globally.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to growing demand from the residential, commercial and industrial sectors. The region is expected to maintain its dominance throughout the forecast period on account of increasing construction activities coupled with rising consumer spending on household renovations in Mexico and Canada.
The market in Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid expansion of manufacturing facilities by multinational companies such as PPG Industries, Inc.; Sherwin-Williams; BASF SE; AkzoNobel Group N.V.; Valspar Corporation; and Dicofix Sdn Bhd., among others due to availability of low-cost labor & raw materials coupled with increase government support for foreign direct investments (FDI). In addition, rising number of construction projects across emerging economies including China & India are expected drive product demand further.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the construction industry for elastomeric paint as a waterproofing and weatherproofing agent is expected to be a key growth driver for the elastomeric paint market over the forecast period.
- Rising demand from end-use industries such as automotive, marine, and aerospace is also anticipated to fuel growth of the elastomeric paint market in the near future.
- Growing awareness about benefits of using elastomeric paints, such as durability, resistance to fading and cracking, and low maintenance costs is projected to boost adoption of these paints across various applications segments in the coming years.
- Technological advancements in formulation of elastomeric paints are likely to open new avenues for growth of this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastomeric Paint Market Research Report
By Type
Solvent Type Elastomeric Paint, Emulsion Type Elastomeric Paint
By Application
Hotel, Office Building, Residential, Hospital, Others
By Companies
Pacific Paint (Boysen) Philippines, Inc, Colorificio San Marco SpA, Rodda Paint, Asia Cuanon, Davies Paints, Armstrong Clark, Sherwin Williams, Diamond Vogel Paint Company, Cloverdale Paint Inc, Super Globe, Inc., Pacific Paint (Boysen) Philippines, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Elastomeric Paint Market Report Segments:
The global Elastomeric Paint market is segmented on the basis of:
Types
Solvent Type Elastomeric Paint, Emulsion Type Elastomeric Paint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotel, Office Building, Residential, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pacific Paint (Boysen) Philippines, Inc
- Colorificio San Marco SpA
- Rodda Paint
- Asia Cuanon
- Davies Paints
- Armstrong Clark
- Sherwin Williams
- Diamond Vogel Paint Company
- Cloverdale Paint Inc
- Super Globe, Inc.
- Pacific Paint (Boysen) Philippines, Inc
Highlights of The Elastomeric Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Type Elastomeric Paint
- Emulsion Type Elastomeric Paint
- By Application:
- Hotel
- Office Building
- Residential
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastomeric Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elastomeric paint is a type of paint that is made from elastomers, which are materials that can be stretched and molded. This makes the paint very flexible and able to conform to various surfaces.
Some of the major companies in the elastomeric paint market are Pacific Paint (Boysen) Philippines, Inc, Colorificio San Marco SpA, Rodda Paint, Asia Cuanon, Davies Paints, Armstrong Clark, Sherwin Williams, Diamond Vogel Paint Company, Cloverdale Paint Inc, Super Globe, Inc., Pacific Paint (Boysen) Philippines, Inc.
The elastomeric paint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastomeric Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elastomeric Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elastomeric Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elastomeric Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elastomeric Paint Market Size & Forecast, 2018-2028
4.5.1 Elastomeric Paint Market Size and Y-o-Y Growth
4.5.2 Elastomeric Paint Market Absolute $ Opportunity
Chapter 5 Global Elastomeric Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elastomeric Paint Market Size Forecast by Type
5.2.1 Solvent Type Elastomeric Paint
5.2.2 Emulsion Type Elastomeric Paint
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elastomeric Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elastomeric Paint Market Size Forecast by Applications
6.2.1 Hotel
6.2.2 Office Building
6.2.3 Residential
6.2.4 Hospital
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastomeric Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elastomeric Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elastomeric Paint Analysis and Forecast
9.1 Introduction
9.2 North America Elastomeric Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elastomeric Paint Market Size Forecast by Type
9.6.1 Solvent Type Elastomeric Paint
9.6.2 Emulsion Type Elastomeric Paint
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elastomeric Paint Market Size Forecast by Applications
9.10.1 Hotel
9.10.2 Office Building
9.10.3 Residential
9.10.4 Hospital
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elastomeric Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Elastomeric Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elastomeric Paint Market Size Forecast by Type
10.6.1 Solvent Type Elastomeric Paint
10.6.2 Emulsion Type Elastomeric Paint
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elastomeric Paint Market Size Forecast by Applications
10.10.1 Hotel
10.10.2 Office Building
10.10.3 Residential
10.10.4 Hospital
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elastomeric Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elastomeric Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elastomeric Paint Market Size Forecast by Type
11.6.1 Solvent Type Elastomeric Paint
11.6.2 Emulsion Type Elastomeric Paint
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elastomeric Paint Market Size Forecast by Applications
11.10.1 Hotel
11.10.2 Office Building
11.10.3 Residential
11.10.4 Hospital
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elastomeric Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Elastomeric Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elastomeric Paint Market Size Forecast by Type
12.6.1 Solvent Type Elastomeric Paint
12.6.2 Emulsion Type Elastomeric Paint
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elastomeric Paint Market Size Forecast by Applications
12.10.1 Hotel
12.10.2 Office Building
12.10.3 Residential
12.10.4 Hospital
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elastomeric Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elastomeric Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elastomeric Paint Market Size Forecast by Type
13.6.1 Solvent Type Elastomeric Paint
13.6.2 Emulsion Type Elastomeric Paint
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elastomeric Paint Market Size Forecast by Applications
13.10.1 Hotel
13.10.2 Office Building
13.10.3 Residential
13.10.4 Hospital
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elastomeric Paint Market: Competitive Dashboard
14.2 Global Elastomeric Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pacific Paint (Boysen) Philippines, Inc
14.3.2 Colorificio San Marco SpA
14.3.3 Rodda Paint
14.3.4 Asia Cuanon
14.3.5 Davies Paints
14.3.6 Armstrong Clark
14.3.7 Sherwin Williams
14.3.8 Diamond Vogel Paint Company
14.3.9 Cloverdale Paint Inc
14.3.10 Super Globe, Inc.
14.3.11 Pacific Paint (Boysen) Philippines, Inc
