Elastomeric Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Elastomeric Coatings Market report segments the industry into Type (Butyl, Polyurethane, Silicone, Acrylic, Other Types (Polysulfide, Vinyl, etc.)), Technology (Water-borne, Solvent-borne), Application (Wall Coatings, Roof Coatings, Floor Coatings, Other Applications (Automotive Interior Coatings, etc.)) and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).

Elastomeric Coatings Market Size

Compare market size and growth of Elastomeric Coatings Market with other markets in Chemicals & Materials Industry

Elastomeric Coatings Market Analysis

The Elastomeric Coatings Market size is estimated at USD 13.47 billion in 2025, and is expected to reach USD 16.39 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).

The COVID-19 pandemic hampered the Elastomeric coatings market. Due to nationwide lockdowns in several countries, strict social distancing measures affected residential and infrastructural construction activities, further affecting the market for elastomeric coatings. However, the market recovered after the restrictions were lifted and residential and infrastructural activities across the globe normalized.

  • The increasing usage in the architectural and infrastructural industries and the rising demand for elastomeric coating products in the automotive industry are expected to drive the market for elastomeric coatings.
  • On the flip side, the higher costs compared to conventional coatings and the fluctuations in the prices of raw materials are expected to hinder the growth of the market.
  • The rapid industrialization and the increasing investments in the construction industry are expected to create opportunities for the market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period. It is due to the rising demand for elastomeric coatings in residential and infrastructural end-user industries.

Elastomeric Coatings Market - Industry Overview

The Elastomeric coatings market is fragmented. Some of the major players (not in any particular order) in the market include Axalta Coating Systems, LLC, BASF SE, Nippon Paint Holdings Co., Ltd, PPG Industries Inc., and The Sherwin-Williams Company, among others.

Elastomeric Coatings Market Leaders

  1. Axalta Coating Systems, LLC

  2. BASF SE

  3. PPG Industries Inc.

  4. The Sherwin-Williams Company

  5. Nippon Paint Holdings Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
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Elastomeric Coatings Market News

  • December 2023: WEG company created an innovative coating that will significantly benefit offshore industries. The company used WrapX technology, which functions through the use of high-performance elastomeric coatings. It effectively extends the durability of the coated surface.
  • April 2023: Gaco, one of the major roofing system manufacturers, introduced a new acrylic elastomeric roof coating, GacoFlex A48. The single-component, high-build acrylic roof coating can be applied up to 80 wet mils (5 gal/SQ) in a single pass application. The elastomeric coating offers long roof life, upgraded visual appeal, strong adhesion, high tensile strength, and excellent reflectivity.

Elastomeric Coatings Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing usage in the Architectural and Infrastructural Industries
    • 4.1.2 Rising Demand for Elastomeric Coating Products in the Automotive Industry
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Higher Costs Compared to Conventional Coatings
    • 4.2.2 Fluctuations in the Prices of Raw materials
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Butyl
    • 5.1.2 Polyurethane
    • 5.1.3 Silicone
    • 5.1.4 Acrylic
    • 5.1.5 Other Types (Polysulfide, Vinyl, etc.)
  • 5.2 Technology
    • 5.2.1 Water-borne
    • 5.2.2 Solvent-borne
  • 5.3 Application
    • 5.3.1 Wall Coatings
    • 5.3.2 Roof Coatings
    • 5.3.3 Floor Coatings
    • 5.3.4 Other Applications (Automotive Interior Coatings, etc.)
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Akzo Nobel N.V.
    • 6.4.2 Asian Paints
    • 6.4.3 Axalta Coating Systems, LLC
    • 6.4.4 BASF SE
    • 6.4.5 Dow
    • 6.4.6 Gaco
    • 6.4.7 Henry Company
    • 6.4.8 Jotun
    • 6.4.9 Kansai Nerolac Paints Limited
    • 6.4.10 Nippon Paint Holdings Co., Ltd.
    • 6.4.11 PPG Industries Inc.
    • 6.4.12 Progressive Painting, Inc.
    • 6.4.13 RODDA PAINT, CO
    • 6.4.14 Sika AG
    • 6.4.15 The Sherwin-Williams Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Rapid Industrialization and Increasing Investments in the Construction Industry
  • 7.2 Other Opportunities
**Subject to Availability
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Elastomeric Coatings Industry Segmentation

Elastomeric coatings are protective barriers applied on interior and exterior walls as wall paints. The elastomeric coatings can be water-based coatings or acrylic latex paints. They are applied as a thick coat on concrete structures.

The elastomeric coatings market is segmented into type, technology, application, and geography. Based on type, the market is segmented into butyl, polyurethane, silicone, acrylic, and other types (polysulfide, vinyl). Based on technology, the market is segmented into water-borne and solvent-borne. Based on application, the market is segmented into wall coatings, roof coatings, floor coatings, and other applications (automotive interior coatings, etc.). The report also covers the market size and forecasts for elastomeric coatings in 15 countries across major regions. Each segment's market sizing and forecasts are based on value (USD).

Type Butyl
Polyurethane
Silicone
Acrylic
Other Types (Polysulfide, Vinyl, etc.)
Technology Water-borne
Solvent-borne
Application Wall Coatings
Roof Coatings
Floor Coatings
Other Applications (Automotive Interior Coatings, etc.)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
Type
Butyl
Polyurethane
Silicone
Acrylic
Other Types (Polysulfide, Vinyl, etc.)
Technology
Water-borne
Solvent-borne
Application
Wall Coatings
Roof Coatings
Floor Coatings
Other Applications (Automotive Interior Coatings, etc.)
Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Elastomeric Coatings Market Research Faqs

How big is the Elastomeric Coatings Market?

The Elastomeric Coatings Market size is expected to reach USD 13.47 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 16.39 billion by 2030.

What is the current Elastomeric Coatings Market size?

In 2025, the Elastomeric Coatings Market size is expected to reach USD 13.47 billion.

Who are the key players in Elastomeric Coatings Market?

Axalta Coating Systems, LLC, BASF SE, PPG Industries Inc., The Sherwin-Williams Company and Nippon Paint Holdings Co., Ltd. are the major companies operating in the Elastomeric Coatings Market.

Which is the fastest growing region in Elastomeric Coatings Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Elastomeric Coatings Market?

In 2025, the Asia Pacific accounts for the largest market share in Elastomeric Coatings Market.

What years does this Elastomeric Coatings Market cover, and what was the market size in 2024?

In 2024, the Elastomeric Coatings Market size was estimated at USD 12.93 billion. The report covers the Elastomeric Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Elastomeric Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: September 4, 2024

Elastomeric Coatings Industry Report

Statistics for the 2025 Elastomeric Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Elastomeric Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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