ELASTOMERIC COATING MARKET ANALYSIS

Market Challenges And Opportunities

Restaints

Fluctuating prices of raw materials is expected to be one of the restraining factors for the growth of elastomeric coating market over the forecast period. Coating resin used for manufacturing elastomeric coating is derived from petroleum products, something that is subject to high price volatility. Volatile Organic Compounds (VOC) regulations govern the elastomeric coatings market. The National Volatile Organic Compounds Emissions standards enforced by the According to U.S. Environmental Protection Agency aims to reduce VOC emissions by 90,000 tons per year in order to reduce environmental impact. To reduce VOC content in Hong Kong, the government has passed many regulations to prohibit import and manufacture of products which exceed the VOC content limit. Continuous research and development to find alternatives to raw materials such as use of vegetables oils and production methods to reduce VOC emissions is one of the key strategies adopted by the top players in elastomeric coating industry.