Market Research Future - Premium Research Reports Global Elastomeric Coating Market Outlook-2022
Global Elastomeric Coating Market Will
Cross USD 14 Billion Mark by 2022
Market Research Future published a raw research report on Global Elastomeric Coating Market
that contains the information from 2014 to 2022. Global Elastomeric Coating Market is
expected to grow with the CAGR of approximately 15% from 2016 to 2022, and with this it is
predictable to cross USD 14 Billion by 2022.
Elastomeric coatings are used to provide tough exterior finish to concrete, metal, and other
layers. These coatings are widely applied on wall surfaces and roof tops and other exterior
insulation areas in construction. This makes the growth of building and construction as the key
driver for this type of coating. The application across the sector has widened for elastomeric
coating. These types of coating materials are preferred over the traditional coating methods
due to the flexibility, rigidity and thickness. Acrylic is the largest market by type and is expected
to attain a similar share in global Elastomeric Coating market by 2022. Furthermore the growth
in automotive sector on a global level has fueled the demand from such coating material which
is used extensively in automotive sector.
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The Global Elastomeric Coating Market is expected to cross USD 14 Billion at the end of the
forecasted period and is expected to grow at CAGR of approximately 15% from 2016 to 2022.
APAC will be the Fastest Growing Market
APAC is expected to dominate the market for global Elastomeric Coating. With the
industrialization and increasing population in the region, the demand for high quality coating
material for their upcoming construction projects have gone up. The demand is expected to
grow in coming years resulting in an expanding share of APAC in global Elastomeric Coating
market by 2022. Furthermore the increased foreign investment in the region with fast
economic growth will lead to a fast growing market for elastomeric coating.
North America and Europe are the well-established markets for such polymers and the regions
are expected to show steady growth in global Elastomeric Coating market by 2022.
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