Roof coating is a white fluid applied on the top of roof to improve energy efficiency of building. The Roof coating material gives 80-90% reflection of harsh UV rays. It also increases the sustainability of building. Both acrylic and silicon are mostly preferred roof coatings as they are water resistant and also it gives cost effective solution to end users. The roof coating market is expected to grow from xx$ Bn. in 2019 to xx$ Bn. by 2027.The market is expected to grow at a CAGR of xx.48% during the forecast period. The report contains the detail analysis of roof coating market data by trends, competitive analysis and relative findings according to regional analysis.
Scope of Global Roof Coating Market
Global Roof Coating Market, By Type
Bituminous
• Elastomeric
• Acrylic
• Epoxy
• Silicone
By Type, The Bituminous Coating is expected to dominate the roof coating market in the forecast period.
The roof coatings have sub-segment of bituminous coating, which is anticipated to grow the market at CAGR of xx% in the forecast period. The bituminous have more insight advantages for better resistance properties, easily affordable to common people and easy to apply on buildings. This coating is highly profitable according to growing construction industry and emerging economies.
Global Roof Coating Market
Global Roof Coating Market, By Technology
• Water-based
• Solvent-based
By Technology, Water-based Coatings are anticipated to dominate the growth of this segment in the roof coating market.
The water-based roof coatings contain water as a major carrier. Water-based roof coatings have the additional properties, which reduce inflammation and toxicity. The report has covered its applications in hospitals, clinics, universities with their contribution to current market by value and the forecast of the revenue coming from this sectors in the forecast period.
Global Roof Coatings Market1
Global Roof Coatings Market, By Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
North America is expected to hold largest market share in the global roof coatings market during the forecast period, in terms of value.
North America is expected to be the largest region for the roof coating market due to growing number of investments and advance Technology in the construction sector. Increasing awareness about energy consumption and implementation of green building is driving the roof coating market in North America. Development in Technology, demand for reconstruction is another reasons behind growth of the market in this region.
Asia Pacific is the second largest region for roof coating market thanks to growing acceptance of green building by construction sector. Fast growing economies in APAC and developed economies in Europe and North America are focusing on environment friendly and energy saving solutions in construction sectors, which is ultimately driving the market for roof coating.
Global Roof Coating Market2
Market Dynamics
Drivers: Rising Consumers and government initiatives towards green building drive the demand of the roof coatings market.
The initiative taken by governments to reduce the increasing carbon emission and energy consumption is anticipated to create opportunities for roof coating market. These coatings have the ability to resolve roof leakages and help to spread the cool environment. The additional advantages of roof coatings are their high solar reflectivity as well as cost effectiveness, shifts the consumers demand towards roof coatings. Roof Coatings maintains the proper temperature by maximum reflection drive the growth of the market.
Restrain: Lack of awareness in labours hampers the growth of roof coatings market.
Many workers are ruler migrants who come to the developing cities in search of work. They come from poor families with low or no level of education; hence they are unaware about roof coating on the ceiling. They are not capable to replace the old trends with new ones. Another restrain of the roof coatings market is their high price which is not affordable to many building owners.
Opportunities: Emergence of new technologies and growing construction industry.
The government regulations regarding zero energy building codes and green roofing is the opportunity of the market to grow in the forecast period. The industry potential has increasing due to technology innovation, new construction techniques and advance building materials.
Covid19 Impact on Roof Coatings Market
• The Roof Coating Market face challenges in growth due to disturbed in supply chain and strict government strategies for import and export of construction material during the pandemic.
• The pandemic affect the global economy of the roof coating market by direct effect on Technology and demand, reduction in consumer demand and financial impact on commercial and residential construction.
The objective of the report is to present a comprehensive analysis of the Global Roof Coatings Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Roof Coatings Market dynamics, structure by analysing the market segments and projects the Global Roof Coatings Market size.
Roof Coatings Market, By Type
• Bituminous
• Elastomeric
• Acrylic
• Epoxy
• Silicone
Roof Coatings Market, By Technology
• Water-based
• Solvent-based
Roof Coatings Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Roof Coatings Market
• RPM International Inc.
• The Dow Chemical Company
• AkzoNobel NV
• BASF SE
• Nippon Paint Co. Ltd
• Valspar Corporation
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Hempel A/S
• Sika AG
• Gardner-Gibson, Inc.
• The Karnak Corporation
• Tikkurila OYJ
• Wacker Chemie AG
• Anvil Paints and Coatings, Inc.
• Asian Paints Limited
• Armor Coat Roof Coatings
• Kansai Paint Co., Ltd.
• The Lubrizol Corporation
• National Coatings Corporation
• SR Technologys
• Duro-Last, Inc.
• GAF
• SK Kaken Co., Ltd.
• Johns Manville
• Surface Chemists of Florida, Inc.
For More Information Visit: https://www.maximizemarketresearch.com/market-report/global-roof-coating-market/80953/
Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can
be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well a
s threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +919607195908 8989132284