Elastomeric
wall coating is a coating which is provided to commercial and industrial
buildings with different benefits. With the help of elastomeric wall coating,
the hairline cracks on the surface is secured. Hence, it provides the
protection to the applied surface from external damage. In addition,
elastomeric wall coatings are also used to coat the surface of plastic parts
used in the automotive industry. Elastomeric wall coatings are used extensively
on the extinct surface which covers the cracks due to temperature change.
However, it is a significant component of various industries majorly due to its
wide range of application such as it can be applied on the walls, roofs, and
others. Elastomeric wall coatings have a greater thickness in comparison with regular
paints & coatings. With the enhancement in living standard, the growth is
expected to grow in the upcoming years. Not only has this, elastomeric wall
coating is classified in three segment of the market such as Solvent Type
Elastomeric Wall Coating, Emulsion Type Elastic Coating and Inorganic Polymer
Elastic Coating.
Currently,
demand for elastomeric wall coating is very much significant by growing usage
in the construction building and industry. Construction building, industry and
textile are the major end-users in the past but in the present scenario the
usage of elastomeric wall coating is increased such as it provide resistance
from dirt, dew formation, and are stable under varying climatic conditions such
as acid rain. However, due to significant growth in this market, many players
have also entered into this market. Whereas, proper and effective use of
elastomeric wall coating is related to the product of elastomeric wall coating.
According to report, ‘Asia
Elastomeric Wall Coatings Industry Situation and Prospects Research Report’
suggests that some of the major key players which are currently working in this
market includes such as Sika Corporation, AkzoNobel, AcryLabs, National
Coatings, Dunn-Edwards Paints, Nippon, Sherwin-Williams, ASTEC Paints, Dow
Construction Chemicals, Euclid Chemical. This report also aims to estimate the
market size and future growth capacity of the elastomeric wall coating market
across different sector such as technology, region, application, classification
and others. It has been identified that the roof coating is the second-largest
application of elastomeric coating due to extensive use in construction sector.
The
gross output from construction industry in the Asia has been increasing at a
significant rate. Geographically, India, China, Japan, Korea, Saudi Arabia and
other region are the major players in the Asia-Pacific region. This has led to
boost the demand for elastomeric wall coatings in Asia-Pacific region in the
present scenario. Therefore, industry in Asia- Pacific region is expanding at a
significant growth rate from major economies, such as China, India and others
which constitute the largest share of the global elastomeric wall coasting
market. The study infers that Asia-Pacific region is anticipated to witness
firm growth in the Elastomeric wall coating market, due to rise in the demand
by the end-users of the elastomeric wall coating. However, due to rising demand
market is highly competitive in nature. The investors are still optimistic
about the market majorly.
In
future, it is expected that the market of elastomeric wall coating is going to
be bright in the forecast period as new investments and opportunities are
expected in this field due to significant rise in the real estate sector and
the industrial sector in the major countries such as India, China, Japan and
others.
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Research
Ankur
Gupta, Head Marketing & Communications
0124-4230204
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