Elastomeric Coatings Market 2016 Share, Trend and Forecast Elastomeric Coatings Market - Global Industry Anal

Elastomeric Coatings Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Elastomeric coatings are generally used to provide tough exterior finish to concrete,
metal, and plastic substrates. These coatings are widely applied on masonry wall
surfaces and roof tops such as concrete tiles, blocks, stucco, and other exterior
insulation finishes. Elastomeric coatings have a greater film thickness in comparison
with conventional paints & coatings. Significant elasticity, toughness, flexibility, and
surface adhesion are some of the key attributes of elastomeric coatings. These
coatings are usually applied as double coats so as to prevent cracking of coating
film as well as the substrate underneath. Moreover, elastomeric coatings can be
suitably applied on plastic surfaces of automotive body components, as they are
highly durable and keep the aesthetics unaltered. Acrylic, polyurethane, polysulfide,
butyl, silicone, and vinyl polymers are the key elastomeric coatings available in the
global market. Additionally, waterborne, solvent-borne, and high solids/radiation
cured systems are the key technology segments of the global market. Building &
construction, automotive, and textile were the major end-users of the global
elastomeric coatings market in 2015.
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Global demand for elastomeric coatings is currently driven by its growing usage in
the building & construction industry. Building & construction has been the largest
end-user of elastomeric coatings since the past few years. Elastomeric coatings are
employed for bridging the cracks formed on exterior concrete walls, roof tops, and
stucco, thus preventing water from penetrating into the interior constructed walls.
Furthermore, these coatings provide resistance from settling of dirt, dew formation,
and are stable under varying climatic conditions such as acid rain. Acrylic, silicone,
and polyurethane polymers are the frequently used elastomeric coatings in the
building & construction industry. These polymers have high surface tension that
cause beading of water droplets and stop them from entering the interior concrete
layers. Apart from concrete substrates, elastomeric coatings are suitably applied on
infrastructure steel rebar. Steel is highly hydrophilic, which increases the chances of
corrosion and carbonation when in contact with moisture and heat. Due to the
hydrophilic nature of steel, elastomeric coatings are preferred due to outstanding
durability and excellent metal adhesion. Owing to the exclusive utility of elastomeric
coatings, the building & construction industry is estimated to boost the demand for
elastomeric coatings by the end of 2024. Recent expansion of the automotive