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Roof Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5578098
Description Jump to:
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.

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?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Roof Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Roof Type
6.1 Low Sloped Roof
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Steep Sloped Roof
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Material
7.1 Elastomeric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Bituminous
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Acrylic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Epoxy
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Silicone
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Technology
8.1 Water-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Solvent-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hospitality
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Akzo Nobel N.V.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 BASF SE
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Covestro AG
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Dow Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Hempel A/S
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Huntsman International LLC
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Nippon Paint Holdings Co. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 PPG Industries Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 RPM International Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Sika AG
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 The Sherwin-Williams Company
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Wacker Chemie AG
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Roof Coatings Market: Major Drivers and Challenges
Figure 2: Global: Roof Coatings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Roof Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Roof Coatings Market: Breakup by Roof Type (in %), 2022
Figure 5: Global: Roof Coatings Market: Breakup by Material (in %), 2022
Figure 6: Global: Roof Coatings Market: Breakup by Technology (in %), 2022
Figure 7: Global: Roof Coatings Market: Breakup by End User (in %), 2022
Figure 8: Global: Roof Coatings Market: Breakup by Region (in %), 2022
Figure 9: Global: Roof Coatings (Low Sloped Roof) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Roof Coatings (Low Sloped Roof) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Roof Coatings (Steep Sloped Roof) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Roof Coatings (Steep Sloped Roof) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Roof Coatings (Other Roof Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Roof Coatings (Other Roof Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Roof Coatings (Elastomeric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Roof Coatings (Elastomeric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Roof Coatings (Bituminous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Roof Coatings (Bituminous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Roof Coatings (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Roof Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Roof Coatings (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Roof Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Roof Coatings (Silicone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Roof Coatings (Silicone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Roof Coatings (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Roof Coatings (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Roof Coatings (Water-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Roof Coatings (Water-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Roof Coatings (Solvent-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Roof Coatings (Solvent-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Roof Coatings (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Roof Coatings (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Roof Coatings (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Roof Coatings (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Roof Coatings (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Roof Coatings (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Roof Coatings (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Roof Coatings (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Roof Coatings (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Roof Coatings (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Roof Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Roof Coatings Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Roof Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Roof Coatings Industry: SWOT Analysis
Figure 91: Global: Roof Coatings Industry: Value Chain Analysis
Figure 92: Global: Roof Coatings Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Roof Coatings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Roof Coatings Market Forecast: Breakup by Roof Type (in Million US$), 2023-2028
Table 3: Global: Roof Coatings Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: Roof Coatings Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Roof Coatings Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Roof Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Roof Coatings Market: Competitive Structure
Table 8: Global: Roof Coatings Market: Key Players

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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Table Information

Report AttributeDetails
No. of Pages143
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 3.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 4.2 Billion
Compound Annual Growth Rate3.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Market

The Roof Coating market is a segment of the Building Materials industry. Roof coatings are applied to the surface of a roof to protect it from the elements and to extend its lifespan. They are typically made from acrylic, elastomeric, or silicone-based materials, and can be applied to a variety of roofing substrates, including asphalt, metal, and concrete. Roof coatings can also provide additional insulation, reduce energy costs, and improve the overall appearance of a building. The Roof Coating market is highly competitive, with a wide range of products available from both large and small manufacturers. Companies in the market include BASF, Dow Corning, KARNAK, Henry Company, and Gaco Western. Show Less Read more

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