Elastomeric Coatings Market - Forecast(2021 - 2026)
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, which is creating demand for elastomeric coatings. Additionally, according to “IBEF”, the market of Indian green buildings is estimated to reach around 10 billion sq ft by 2022 worth US$35 billion to US$ 50 billion. Thus, increasing consumption of elastomeric coatings from the end-use industry is expected to influe...