IMARC Group, a leading market research company, has recently releases report titled “Roof coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global roof coatings market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Roof coatings refer to specialized coatings designed specifically for roofs, serving as the outermost layer of a composite roof membrane. These coatings consist of various materials such as acrylics, asphalt, butyl, coal tar pitch, polyurea, polyurethanes (PU), polyvinyl fluoride, silicones, and styrene-butadiene. Commonly available options include acrylic, asphalt, polyurethane, and silicone coatings. By reflecting sunlight and minimizing solar heat absorption, roof coatings effectively contribute to maintaining cooler temperatures inside buildings. Moreover, they play a significant role in reducing the need for frequent roof maintenance and repairs while enhancing the overall appearance of roofs. In addition, roof coatings possess the ability to dampen the noise of rain and hail, creating a quieter and more tranquil indoor environment.
The global roof coatings market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Roof Coatings Market Trends and Drivers:
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The market for roof coatings is witnessing significant growth due to the escalating demand for these coatings, which provide durability and protection against harsh weather conditions. This surge in demand is driven by various factors. Firstly, the ongoing construction of residential and commercial buildings worldwide is fueling the market expansion. Additionally, roof coatings are increasingly being applied to maintain cooler indoor temperatures and reduce reliance on air-conditioning systems, thereby creating a favorable market environment. Furthermore, the use of asphalt roof coatings is on the rise due to their ease of application, cost-effectiveness, and ability to enhance the UV stability of roofs, thus bolstering market growth.
Global Roof Coatings Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, 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
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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