Title: Elastomeric Coatings Market - Forecast(2021 - 2026)
1Elastomeric Coatings MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Elastomeric Coatings Market size is forecast to
reach 13.2 billion by 2026, after growing at a
CAGR of 8.7 during 2021-2026. Elastomeric
coatings provide moisture and thermal protection,
corrosion control, and general protection to the
building environment. - Thus, increasing the demand for thermoplastic
elastomers such as acrylic coatings for metal
roofs, asphalt roofs, masonry walls, and
polyether block amides and is expected to drive
the demand for elastomeric coatings in the
building construction sector. According to the
India Brand Equity Foundation (IBEF), Under
Pradhan Mantri Awas Yojana (Urban), in India 1.12
crore houses have been sanctioned in urban areas
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- Key Takeaways
- The Asia Pacific dominates the market of
elastomeric coatings market due to increasing
commercial and residential activities in emerging
and developing countries such as India, China,
Japan, Indonesia, South Korea, and Others. - According to Central Sanctioning and Monitoring
Committee (CSMC), 1,68,606 new homes were
approved to construct in urban areas under
Pradhan Mantri Awas Yojana in 2021. - Increasing consumption of thermoplastic
elastomers such as polyether block amide types
for wall coatings, roof coatings, and floor
coatings due to excellent waterproofing and
elongation properties is driving market growth.
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By Distribution Channel- Segment Analysis The
thermoplastic elastomer type segment held the
largest share in the global demand for
elastomeric coatings market in 2020 and is
expected to continue its dominance for the period
2021-2026, owing to its properties such as high
transparency, excellent colorability, and provide
UV resistance coatings solution. The
acrylic coating is used for exterior or
interior use of buildings. It is applied as a
curable liquid, as a barrier against atmospheric
gases, and waterproof membrane coatings type.
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- Elastomeric Coatings Market Industry Outlook
- BASF SE
- The Dow Chemical Company
- The Sherwin-Williams Company
- PPG Industries, Inc.
- The Valspar Corporation
- Clariant AG
- BEHR Process Corporation
- Jotun A/S
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Elastomeric Coatings Market - Forecast(2021 -
2026) Learn More About the Report _at_
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ric-coatings-market.html
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