Rubber Coating Market The Revenue is Expected to ascend Further to $8.87 billion
The global rubber coating market is expected to grow at a CAGR of 6.4% during the forecast period 2017–2023 owing to high demand growth from emerging economies. The market has been analyzed based on material types – silicone rubber, EPDM, butyl rubber, and others. The study has also been classified based on application methods – spray coating, brushing, and dipping.
Asia Pacific is the emerging region and also has a significant share in the global rubber coating market. Other than Asia Pacific, South America, Middle East, and developing countries of Europe have been witnessing a substantial growth in the rubber coating market. China and India are driving the demand for rubber coating in the Asia Pacific region due to regional growth along with huge base of industrial product manufacturers, increasing demand for automotive from consumers, and the existence of OEMs. In developing regions, growing purchase power is leading the economic growth.
Rubber is one of the most common material used in various industries. Rubber coating is one of the most extensively used methods of coatings, which are applied in various applications. Rubber coating is applied to seal tools, flooring, and various other surfaces. It has several distinct features that make it very purposive and such protective coating is applied or infused into a substrate for protective, decorative or functional purposes. These are used in various application methods such as industrial, roof, wall, & floor coating, textile, among many others. Rubber coatings are present in different medium such liquid, spray, and others, and the selection of medium is very important which is according to substrate type. The rubber coating is used on many elastomeric components like seals, gaskets, O-rings, stoppers, and plungers, which are used in a variety of industrial applications like electronics, medical, automotive, military industries etc.
The study conducted by Infoholic Research provides drivers, restraints, and opportunities with current and emerging market trends. Further, it covers an in-depth analysis of each product and application along with forecasting and trends analysis in the global rubber coating market. Major companies covered in the study include big multinational players such as BASF SE, SABIC, DowDuPont, Shin-Etsu Chemical Corp., and LANXESS, which are offering different rubber coating products.