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Elastomeric Coating Market Share

Report ID: GMI8636
Published Date: Mar 2024
Report Format: PDF

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Elastomeric Coating Market Share

Elastomeric Coating Market Company Share, (2023)

The competitive landscape of the elastomeric coating industry, featuring major players such as PPG Industries, Inc., The Sherwin-Williams Company, BASF SE, Dow Chemical Company, and Sika AG, reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their Elastomeric Coating products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like PPG Industries, Inc., The Sherwin-Williams Company, and BASF SE leveraging extensive networks to ensure widespread availability of their products.

Major companies have undertaken key initiatives to stay competitive. For instance, In May 2020, Nouryon introduced a new solution for the building and construction markets that improves the capacity of energy-saving "cool roof" coatings to reflect light and enhance their self-cleaning qualities.

Elastomeric Coating Market Companies

Major players operating in the market include:

3M Company
Arkema Group
BASF SE
Benjamin Moore & Co.
Dulux Group Limited
Gaco
Hempel A/S
Jotun Group
Nippon Paint Holdings Co., Ltd.
Nouryon
PPG Industries, Inc.
Sika AG
The Dow Chemical Company
The Sherwin-Williams Company

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for elastomeric coating was USD 8.7 billion in 2023 and is expected to register over 12.3% CAGR from 2024-2032 owing to the construction industry's growing desire for environmentally friendly and energy efficient building solutions worldwide.

Elastomeric coating industry from the acrylic segment recorded USD 3.3 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their abilities such as, excellent flexibility, adhesion, and UV resistance, making them suitable for shielding outdoor surfaces.

Asia Pacific industry reached USD 2.9 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid urbanization and infrastructure growth in countries like as China, India, and Southeast Asia.

Benjamin Moore & Co., Dulux Group Limited, Gaco, Hempel A/S, Jotun Group, Nippon Paint Holdings Co., Ltd., Nouryon, PPG Industries, Inc., Sika AG, The Dow Chemical Company, and The Sherwin-Williams Company, are some of the major elastomeric coating companies worldwide.