Quick Summary:
The global roof coatings market is poised to deliver significant value to those involved in its value chain. The growing adoption of roof coatings in the residential, commercial, healthcare, hospitality, and public sectors, driven by the need to combat weather damage, is one critical factor accelerating the market's growth. Moreover, government initiatives aimed at promoting green coatings in infrastructures to reduce greenhouse gas emissions and the heightened consumer awareness about these coatings' sustainable properties, are also spurring market expansion.
This report also highlights the increasing use of volatile organic compounds (VOCs) in roof coatings, providing robust weathering protection and contributing significantly to the market's growth. Furthermore, the evolution in commercial building activities globally, along with changing demographics and lifestyles, are giving additional impetus to the market. Current trends suggest significant future opportunities, and this comprehensive report provides detailed market segmentation and competitive landscape analysis, making it a critical resource for anyone interested in the roof coatings industry.
The global roof coatings market size reached US$ 3.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Roof coatings refer to monolithic, elastomeric, fluid applied roofing membranes that are widely installed for eliminating damages caused by water, heat and ultraviolet (UV) radiations. At present, they are commercially available in varying types, such as acrylic, elastomeric, silicone, plastic and cool. These coatings aid in reducing the risk of roof leaks, ensuring thermal stability, and maintaining the temperature of the structure, thereby extending the shelf life of the roof. On account of these properties, roof coatings find extensive applications across various sectors.
2. What is the expected growth rate of the global roof coatings market during 2023-2028?
3. What are the key factors driving the global roof coatings market?
4. What has been the impact of COVID-19 on the global roof coatings market?
5. What is the breakup of the global roof coatings market based on the roof type?
6. What is the breakup of the global roof coatings market based on the material?
7. What is the breakup of the global roof coatings market based on the technology?
8. What is the breakup of the global roof coatings market based on the end user?
9. What are the key regions in the global roof coatings market?
10. Who are the key players/companies in the global roof coatings market?
Roof coatings refer to monolithic, elastomeric, fluid applied roofing membranes that are widely installed for eliminating damages caused by water, heat and ultraviolet (UV) radiations. At present, they are commercially available in varying types, such as acrylic, elastomeric, silicone, plastic and cool. These coatings aid in reducing the risk of roof leaks, ensuring thermal stability, and maintaining the temperature of the structure, thereby extending the shelf life of the roof. On account of these properties, roof coatings find extensive applications across various sectors.
Roof Coatings Market Trends:
One of the key factors driving the market growth is the widespread adoption of roof coatings across the residential, commercial, healthcare, hospitality, and public sectors, for eradicating damage caused by heavy rains and heat. In line with this, the favorable initiatives undertaken by the government bodies of various countries for promoting the usage of green coatings in infrastructures for mitigating greenhouse gas (GHG) emissions are catalyzing the market growth. This is further supported by the increasing consumer consciousness regarding the sustainable properties of these roof coatings that consume lesser energy as compared to their conventional counterparts, which is acting as another major growth-inducing factor. Moreover, the rising commercial building activities across the globe, along with escalating population and evolving lifestyle is, providing an impetus to the market growth. The extensive utilization of volatile organic compounds (VOCs) in the paint roof coatings for the protection from weathering, chemical reaction, ageing and oxidation is considerably contributing to the market growth. Other factors, such as strategic collaborations between top players and the increasing investments in the research and development (R&D) activities for introducing advanced coatings materials to protect from the torrid heat, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global roof coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on roof type, material, technology and end user.Breakup by Roof Type:
- Low Sloped Roof
- Steep Sloped Roof
- Others
Breakup by Material:
- Elastomeric
- Bituminous
- Acrylic
- Epoxy
- Silicone
- Others
Breakup by Technology:
- Water-based
- Solvent-based
Breakup by End User:
- Residential
- Commercial
- Hospitality
- Healthcare
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., BASF SE, Covestro AG, Dow Inc., Hempel A/S, Huntsman International LLC, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company and Wacker Chemie AG.Key Questions Answered in This Report
1. What was the size of the global roof coatings market in 2022?2. What is the expected growth rate of the global roof coatings market during 2023-2028?
3. What are the key factors driving the global roof coatings market?
4. What has been the impact of COVID-19 on the global roof coatings market?
5. What is the breakup of the global roof coatings market based on the roof type?
6. What is the breakup of the global roof coatings market based on the material?
7. What is the breakup of the global roof coatings market based on the technology?
8. What is the breakup of the global roof coatings market based on the end user?
9. What are the key regions in the global roof coatings market?
10. Who are the key players/companies in the global roof coatings market?
Frequently Asked Questions about the Global Roof Coatings Market
What is the estimated value of the Global Roof Coatings Market?
What is the growth rate of the Global Roof Coatings Market?
What is the forecasted size of the Global Roof Coatings Market?
Who are the key companies in the Global Roof Coatings Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 3.4 Billion |
| Forecasted Market Value ( USD | $ 4.2 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Roof Coatings Market
6 Market Breakup by Roof Type
7 Market Breakup by Material
8 Market Breakup by Technology
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Akzo Nobel N.V.
- BASF SE
- Covestro AG
- Dow Inc.
- Hempel A/S
- Huntsman International LLC
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- The Sherwin-Williams Company
- Wacker Chemie AG.
Methodology
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