Global Roof Coating Market is expected to grow at a robust CAGR
Global Roof Coating Market is expected to grow owing to stringent
regulations regarding free coatings and rising demand for energy-efficient
buildings throughout the forecast period.
According to TechSci Research report, “Roof Coating Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast 2018-2028”, the Global Roof Coating
Market is expected to register robust
growth during the forecast period. The roof coating sector is
experiencing growth driven by the increasing demand for eco-friendly and
sustainable building structures. This demand is fueled by organizations and
groups emphasizing the importance of sustainable buildings. As more individuals
opt for sustainable structures and eco-friendly materials to reduce their
carbon footprint, the roof coating industry will witness a rise in the demand
for environmentally friendly facilities like slate roof sealers. Additionally,
the global increase in construction activity is contributing to the demand for
roof coatings such as urethane roofing and asphaltic coating, thereby boosting
the roof coating market.
The increasing global emphasis on energy efficiency and sustainability
has resulted in a growing demand for energy-efficient roof coatings,
specifically cool roof coatings. These specialized coatings effectively reflect
sunlight and minimize heat absorption, thereby reducing cooling expenses and
overall energy consumption. With the proliferation of energy efficiency
regulations and incentives, the cool roof coatings market is projected to
experience significant expansion.
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in-depth TOC on the "Roof Coating Market."
Based on substrate, the Asphalt segment is expected to dominate the market during the
forecast period. Asphalt-based roof coatings are a widely utilized category of
roof coatings esteemed for their durability, waterproofing capabilities, and
ease of application. These coatings are frequently employed to safeguard and
prolong the lifespan of diverse roofing substrates, including built-up roofing
(BUR), modified bitumen roofing, and asphalt shingles. Asphalt-based roof
coatings display compatibility with a range of roofing substrates, rendering
them highly versatile in the roofing industry. They are commonly applied on BUR
systems, which encompass multiple layers of asphalt-saturated felts and
bitumen. Modified bitumen roofing, a preferred choice for low-slope and flat
roofs, also derives advantages from asphalt-based coatings. Asphalt shingles,
extensively utilized in residential roofing, can be coated to enhance their
waterproofing and reflective properties. Asphalt coatings are renowned for
their ability to endure extreme weather conditions, encompassing heavy
rainfall, snow, and UV radiation. Their waterproofing properties play a
critical role in preventing water infiltration and safeguarding the underlying
roofing system. Asphalt-based coatings assume a significant role in roof
restoration projects. Aging BUR and modified bitumen roofs can derive benefits
from a fresh application of asphalt roof coatings, which serve to seal cracks,
fortify waterproofing, and extend the roof's lifespan. Roof restoration
presents a cost-effective alternative to roof replacement.
Based on type, the Elastomeric segment is projected to dominate the
market throughout the forecast period. Elastomeric roof coatings are a
specialized category of roof coatings renowned for their exceptional
flexibility and remarkable capacity to stretch and contract in response to
temperature fluctuations and building movements. These coatings find extensive
application in diverse roofing systems, particularly on low-slope and flat
roofs. The defining attribute of elastomeric roof coatings lies in their
elasticity, which endows them with the ability to expand and contract without
cracking or losing adhesion, even in the face of harsh weather conditions. This
remarkable property ensures their durability and enables them to withstand the
most challenging weather elements. Elastomeric coatings excel in their ability
to effectively waterproof and seal roofs, providing robust protection against
water infiltration and safeguarding the underlying roofing system from leaks
and moisture damage. Their seamless and watertight membrane formation is a key
selling point, offering a reliable defense against water damage. Widely
utilized on various low-slope and flat roofing systems, including built-up
roofing (BUR), modified bitumen roofing, single-ply membranes (such as EPDM and
TPO), and metal roofs, elastomeric roof coatings serve as a protective layer
that significantly extends the lifespan of these roofing materials. Reflective
elastomeric coatings play a crucial role in the cool roofing trend, as they are
applied to different roofing substrates to minimize heat absorption and reduce
rooftop temperatures. This aligns with the energy efficiency objectives,
particularly in regions characterized by warm climates.
Key market players in the Global Roof Coating Market are:-
- 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
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“The Roof Coating Market in North America is poised to be the dominant
force in the industry. The adoption of digital technologies and smart coatings
is increasing in North America. Smart roof coatings, equipped with sensors and
monitoring capabilities, empower building owners and facility managers to
collect real-time data on roof conditions. This enables proactive maintenance
and optimization of energy efficiency. ”said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Roof Coating Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast Segmented By Substrate (Asphalt, Metal, Bitumen, Plastic and
Others), By Type (Elastomeric, Bituminous, Acrylic, Silicone, Epoxy and
Others), By Technology (Water-based and Solvent-based), By Roof Type (Flat Roof
and Slope Roof), By End-use (Residential and Non-Residential), By Region, By
Competition Forecast & Opportunities, 2018-2028,” has evaluated the future
growth potential of Global Roof Coating Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Roof Coating Market.
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