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Roof Coating Market Size & Analysis – Forecasts To 2025

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Title: Roof Coating Market Size & Analysis – Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Roof Coating
Market. Roof Coating Market Insights The global
roof coating market is expected to grow at a
significant CAGR over the forecast period. This
growth is mainly attributed to rising awareness
towards environment friendly roof materials.
Government measures such as adoption of green
building codes to reduce carbon emissions is also
likely to stimulate demand for roof
coating. Increasing adoption of measures to
reduce energy consumption in buildings such as
cool coating is expected to augment market
growth over the coming years.Benefits associated
with roof coatings such as the ability to solve
roof leaks, seamless nature, increased service
life and reduced amount of discarded roofing
materialsare anticipated to foster market
growth.However, high cost associated with
production of roof coating coupled with lack of
consumer awareness regarding green buildingsis
projected to affect the profitability of market.
Roof Coating Market Type Insights On the basis
of type, the industry is segmented into
bituminous, elastomeric, acrylic, epoxy, and
silicone among others. The market for elastomeric
coatings is expected to occupy the highest share
owing to factors such as high compatibility with
all roof structures, resistance to mildew
fungi, superior elastic properties and hard
wearing among others. The market for acrylic
coating is projected to grow at a healthy CAGR
owing to factors such as improved durability,
low cost and availability in a number of colors.
The silicone based roof coating segment is
anticipated to grow significantly as it resists
ponding water for extended periods of time,
adheres to most substrates, and is biodegradable.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Roof Coating Market Substrate
Insights On the basis of substrate, the market
is segmented into metal, asphalt, membrane,
concrete and plasticamong others. Out of these,
metal is anticipated to record the highest growth
over the forecast period owing to rising
application of elastomeric coating on these
substrates to prevent leakage and limit the
effects of weathering. The concrete segment is
also likely to grow at a healthy CAGR owing to
rising application of epoxy coatingson parking
decks to withstand pedestrian, vehicular
traffic, and road salt. Roof Coating Market
Roof Type Insights On the basis of roof type, the
industry is segmented into flat, low-sloped, and
steep-sloped among others. The step sloped
segment is projected to grow significantly in the
coming years owing to rising application of roof
coating by consumers living in high rainfall and
snowfall regions. The flat roof segment is also
likely to record the highest growth on account of
rising application of silicone based roof
coating on flat roof to provide leak-free
protection, improved aesthetic appeal and
toimprove sustainability. Roof Coating Market
Technology Insights By technology, the industry
is segmented intowater based and solvent based
coatings. The water basedcoating such as acrylic
is anticipated to register a significant growth
rate over the forecast period owing to factors
such as low cost and less odor. The solvent
based segment is projected to grow at a healthy
CAGR due to its durability. Solvent based
coatings such as urethane are likely to last
longer than water based coatings. However,
factors such as high price and flammable nature
of these coatings are likely to restraint market
growth. Roof Coating Market Vertical
Insights On the basis of vertical, the market is
segmented into residential and non-residential
sectors. The non-residential segment is further
segregated into commercial, hospitality and
healthcare among others. Out of these,
residential segment is anticipated to dominate
the market over the forecast period due to
availability of colored coatings, suitability to
different weather conditions and superior
durability of the coatings. The non-residential
segment is projected to grow significantly over
the years on account of rising safety concerns
coupled with adoption of green building codes
globally.
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Roof Coating Market Regional
Insights Asia Pacific occupied the largest share
of this market since the past few years. This can
be attributed togrowing residential and
non-residential sectors such as hospitals and
commercial buildings. Moreover, the rising
adoption of green building codes in countries
such as India, Japan, and China is also likely
to boost market growth.
Roof Coating Market Vendor Landscape The report
contains a chapter dedicated to vendors operating
in the market, covering raw material
manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies. Roof
Coating MarketEnd-Use Landscape The end-use
landscape entails a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase botanical extracts over the coming
years. Some leading consumers of this market are
Hochtief, Vinci, Balfour Beatty, Royal Bam Group
and Laing Orourke.
4
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • Roof Coating Market Market Share Competitor
    Analysis
  • The global market for this product is expected to
    be significantly large due to the presence of
    numerous manufacturers. The key players include
    BASF SE, The Dow Chemical Company, Akzo Nobel
    N.V., RPM International Inc., Nippon Paint
    Holdings Co., Ltd, PPG Industries, Inc., Hempel
    A/S, Wacker Chemie AG, Sika AG, and The
    Sherwin-Williams Company.
  • In January 2018, Icynene U.S. Holding Corp. and
    Lapolla Industries Inc. announced merging to
    deliver best-in-class capabilities and services
    to the Canadian construction market. After the
    merger, the companies will operate under the
    nameIcynene-Lapolla, and will continue to
    manufacture and distribute spray foam
    polyurethane foam insulation products, roof
    coating systems, and related equipment.
  • In January 2018, Kemper System America, Inc.
    announced its product Kemperol Reflect 2K-FR
    Cool Roof system. Along with a Solar Reflectance
    Index (SRI) of 110, the system includes joint
    sealant, rigid polyisocyanurate insulation,
    cement cover board, primer and reflective
    polyurethane membrane roofing.
  • The report segments the Roof Coating Market Size
    on the basis of By Type
  • Bituminous
  • Elastomeric
  • Acrylic
  • Epoxy
  • Silicone
  • Others
  • By Substrate

5
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By Roof Type
  • Flat
  • Low-Sloped
  • Steep-Sloped
  • Others
  • By Technology
  • Water-based
  • Solvent-based
  • By Vertical
  • Residential
  • Non-Residential (Commercial, Hospitality,
    Healthcare, Others)

This article contains text from the Roof
Coating Market Size Analysis Forecasts To
2025 report prepared by Global Market
Estimates. For more information or to buy the
report, please visit https//www.globalmarketest
imates.com/roof-coating-market/ Check our
annual research partenership service
at https//www.globalmarketestimates.com/annual-
research-partnership-services/
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