Roof Coatings Market

Roof Coatings Market is valued at USD 1.84 Billion in 2022 and is expected to reach USD 2.36 Billion by 2028 with a CAGR of 3.6% over the forecast period.

Global Roof Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, And 2022-2028- Increasing number of construction activities, growing consumer & government initiatives towards green building, and rising industrialization & urbanization drive the growth of Global Roof Coating Market.  

Scope of Global Roof Coatings Market Report-

A roof coating is a solid, fully adhered, fluid-applied roofing membrane. Many roof coatings are elastomeric, that is, they have flexible properties that permit them to stretch and get back to their original shape without harm. Common roof coating dry film thickness shifts from paint film thickness (give or take 0.075 mm (3 dry mils) to more than one mm (40 dry mils). This implies a roof coating covering really turns into the top layer of a composite roof membrane and hidden system. Accordingly, the roof coating is the uppermost layer of protection for the membrane, getting the effect of daylight (both infrared and ultraviolet (UV)), hail, rain, and physical harm. Roof coatings are consistent and when introduced accurately, can address rooftop spills on practically any kind of roofing material. Roof coatings can add 25 years to the help life of a rooftop and lessen the amount much disposed of roofing materials that end up in landfills. Using an airless spray machine, rollers, and brush or broom is an ideal tool for applying roof coating over a roof because it allows for covering large sections of the roof. Roof coating has some advantages like improving green reputation, protecting against roof leaks, and extending the life of the roof. 

The outbreak of the Covid-19 pandemic had a negative impact on the global roof coatings market. During the Covid-19 pandemic, the absence of labor and supply chain disturbance prompted a drop in the value of new agreements in real estate and building projects. The construction activities are stopped because of the implementation of a nationwide lockdown which declines the demand for roof coating. Moreover, the demand is supposed to surge post-pandemic due to new players enter into the market and launching new products. Therefore, the post-covid-19 situation of the market is expected to be growing.

The global roof coatings market is segmented on the basis of substrate, type, technology, roof type, end-use sector and geography. Based on substrate, the global roof coating market is segmented into asphalt, metal, bitumen, plastic, and others. Based on type, the market is segmented into elastomeric, bituminous, acrylic, silicone, epoxy, and others. Based on technology, the global roof coating market is segmented into water-based and solvent-based. Based on roof type, the market is segmented into flat roofs and slope roofs. Based on end-user, the global roof coating market sector is segmented into residential construction, commercial construction, industrial construction, and others.

The regions covered in this global roof coatings market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of global roof coatings is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 1.84 Billion
Base year considered	2021
Forecast Period CAGR %:	3.6%
Market Size Expected in 2028:	USD 2.36 Billion
Tables, Charts & Figures:	175
Pages	200
Roof Coatings Companies	EXIDE INDUSTRIES LTD., Hoppecke, EnerSys, East Penn Manufacturing Company, Crown Equipment Corporation, Navitas Systems, SBS Storage Battery Systems LLC, Saft, Microtex Energy Private Limited, Southwest Battery Company, Others.
Segments Covered	By Substrate, By Type, By Technology, By Roof Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Players for Global Roof Coatings Market Report– 

Some of the key players in the global roof coatings market are Valspar Corporation, BASF SE, RPM International, Lloyd Insulations, The Sherwin-Williams Company, The Dow Chemical Company, Wacker Chemie AG, Sika AG, Nippon Paint Holdings, Akzo Nobel, PPG Industries., Hempel A/S, Heritage Roofing, Infinite Roofing & Construction, Asian Paints Limited, and others. 

News- 

New Smart-Roof Coating Enabled Year-Round Energy Savings 

December 16th, 2021; Scientists developed an all-season smart-roof coating that keeps homes warm throughout the winter and cools in the summer without consuming natural gas or electricity. Research findings reported in the journal Science point to an innovative technology that outpaces marketable cool-roof systems in energy savings. 

Global Roof Coatings Market Dynamics– 

One of the major factors driving the growth of the global roof coating market is the increasing number of construction activities. Roof coatings are specially intended for the protection of roof assemblies in construction to expand the life expectancy of rooftops. These coatings are thicker than paints and are figured out to shield rooftops from harsh resins or enduring impacts like rain, wind, UV beams, and others. In roof coatings, resins are blended, which changes into an elastomeric and solid film when applied to walls. This offers a novel waterproofing property that empowers these coating to cover all the layer seams and cracks. A portion of the ordinarily used roof coatings in buildings are acrylic coatings, polyurethane coatings, silicone coatings, asphalt coatings, and others. 

In addition, growing consumer & supportive government initiatives towards the green building are also supplementing the market growth. The initiatives taken by governments to diminish the rising carbon emission and energy utilization are expected to create ore opportunities for the roof coating market. These coatings can determine roof spillages and help to spread the cool climate. The additional benefits of roof coatings are their high solar-based reflectivity as well as cost-effectiveness, shifting the customer’s request towards roof coatings s. Roof coatings keep up with the appropriate temperature by maximum reflection driving the development of the market. For example; according to the Global Alliance for Buildings and Construction (GlobalABC), as of October 2021, a total of 192 nations had submitted a first NDC, and 11 had submitted a second NDC illustrating their public commitments toward diminishing emissions under the Paris Agreement. Across the NDCs conveyed, improvement in the energy proficiency of buildings is the second most often referred to strategy after the utilization of renewable energy in the power area. 

Furthermore, rising industrialization & urbanization also drives the global roof coating market. Increasing industrialization and urbanization as most of the population shifting from rural to cities hence construction activities also increases. The rising demand for high-performance building materials increases the demand for roof coating to enhance the efficiency of buildings. For instance; according to the World Bank, there are about 50% of the populace lives in urban regions today. By 2045, the world's urban populace will increment by 1.5 times to 6 billion.  

However, the strict regulations and high production costs may hamper the global roof coating market growth. In spite of that, the emergence of new technologies and the developing construction industry can provide various opportunities for the further growth of the market. 

Global Roof Coatings Market Regional Analysis– 

Geographically, Asia-pacific is expected to show a fastest growth in the global roof coatings market due to the growing urbanization & industrialization, and increasing government support for construction activities in this region. The increasing working populace helped by industrialization has flooded the demand for business construction. Also, expanding pattern of own- residential is further augumenting the demand for roof coating. For example; according to the Ministry of Finance (MoF) Malaysia, in 2021, the development area in Malaysia enlisted a positive development of 8.3% attributable to expanded residential and non-residential building subsectors. The construction area is projected to develop at a rate of 11.5% in 2022. Additionally, government initiatives for construction activities further fueling the market growth. For instance; as per the Smart City Mission, the Government of India with the mission to develop 100 smart cities in the nation which is expected to increase in demand with redevelopment and construction activities. 

North America holds the major share in the roof coating market due to the increasing demand for sustainable & eco-friendly construction and the presence of key players. Europe is projected to capture the second-largest revenue share in the global roof coating market due to rising construction activities and the presence of key players in this region. For instance; as per the European Commission, the European development area is anticipated to increase by 2.5% in 2022, as an outcome of 'new investment from the European Union (EU) recuperation reserve'. Also, the presence of key companies drives the market in the region. For example, In June 2021, AkzoNobel consented to purchase Colombia-based paints and coatings organization Grupo Orbis. 

Global Roof Coatings Market Segmentation:

By Substrate

• Asphalt 
• Metal 
• Bitumen 
• Plastic 
• Others 

By Type

• Elastomeric 
• Bituminous 
• Acrylic 
• Silicone 
• Epoxy 
• Others 

By Technology

• Water-Based 
• Solvent-Based 

By Roof Type

• Flat Roof 
• Slope Roof 

By End-User

• Residential 
• Non-Residential  

Roof Coatings Market Key Players

• Valspar Corporation
• BASF SE
• RPM International
• Lloyd Insulations
• The Sherwin-Williams Company
• The Dow Chemical Company
• Wacker Chemie AG
• Sika AG
• Nippon Paint Holdings
• Akzo Nobel
• PPG Industries.
• Hempel A/S
• Heritage Roofing
• Infinite Roofing & Construction
• Asian Paints Limited
• others.

On Special Requirments Roof Coatings Market Report is also available for the below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Roof Coatings Market Report– 

• Global Roof Coatings Market report covers in-depth historical and forecasts analysis. 
• Global Roof Coatings Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level. 
• Global Roof Coatings Market report helps to identify opportunities in the marketplace. 
• Global Roof Coatings Market report covers extensive analysis of emerging trends and competitive landscape.