Roof Coatings Market Key Futuristic Top Trends & Competitive Landscapes By 2025 – South Florida Theater Review

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Global Roof Coatings Market: Snapshot

The revival of the global economy after the economic downturn of the last decade is boosting several industries around the world, including construction. The expansion of the global construction industry is one of the main drivers for the growth of the global roofing coatings market. The construction sector is developing rapidly in emerging regions such as the Asia-Pacific region, making these regions an extremely opportunistic market for roofing coatings.

Roof coatings help maintain favorable temperatures by reducing heat build-up in residential and commercial areas. Then they reduce reliance on air conditioning, save energy and reduce pollution. Apart from that, these coatings offer advantages such as high emission and reflectivity. These advantages prompt construction companies to use them in buildings. The increasing spread of white coatings for the roofs of commercial buildings should also stimulate the overall market in the near future. In addition, the improving application area of ​​coil coatings composed of reflective infrared pigments and the introduction of various shades are likely to positively influence the growth of the market.

The global market for roof coatings is characterized by intense competitive rivalries. The majority of companies in the roofing coatings market seek to capitalize on the immense potential of emerging economies to maximize their profits. The leading companies see mergers and acquisitions and product launches as viable strategies for securing inorganic growth. In addition, they are trying to expand their production units to meet the increasing demands on roof coatings in emerging countries.

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Global Roof Coatings Market: Overview and Trends

Roof coating solutions are designed to counter temperature extremes and minimize their internal impact. They also offer protection against seepage, help prevent moisture absorption and are aesthetically pleasing. The construction industry saw a sudden surge after a lull due to increased investment, which in turn led to demand for roofing coatings, particularly in the BRICS countries.

Volatile crude oil prices are limiting coatings made from petroleum-based products, leading to a significant shift to petroleum-based products. In developed countries like the US, the government is taking initiatives to improve the environmental performance of roofing products. The US Environmental Protection Agency (EPA) has launched an Energy Star umbrella program that sets guidelines for roof coatings, especially reflective coatings.

Global Roof Coatings Market: Key Segments

Roof coatings can be divided into three segments by product type: bituminous roof coatings, polymer roof coatings, and reflective roof coatings. Traditional bituminous roof coatings are the dominant product type worldwide, while reflective roof coatings are the fastest growing product segment.

Polymer roofing coatings can be further broken down into five segments based on the chemicals involved. These are acrylic-based, polyurethane-based, silicone-based, epoxy-based, elastomer-based roof coatings and modified polymer roof coatings. Reflective roof coatings – also known as cool roof coatings – are typically used on glass structures such as greenhouses and factory roofs. Because of their availability in a wide variety of colors and various aesthetic properties, roof coatings are also in great demand in the residential roof coating market.

Roof coatings can be further divided into residential and commercial areas based on the end-user market. The residential sector is the dominant segment with a higher share of bitumen coatings due to their lower prices. Commercial demand is dominated by polymer roof coating solutions due to their broad applicability and performance advantages. On the basis of carrier media or formulations, the Roof Coatings market can be further divided into three segments: Water-Based Formulations, Solvent-Based Formulations, and Multi-Component Formulations.

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Global Roof Coatings Market: Regional Analysis

Geographically, Asia Pacific is the leading market for roofing coatings in terms of growth rate. Demand is high due to the increasing number of construction and infrastructure development projects. China, India, Japan, South Korea, Singapore, Taiwan, and Thailand are developed countries that are growing rapidly in their industrial sectors, resulting in high demand for infrastructure. Two of the most populous countries in Asia, India and China, are growing rapidly. The rising disposable income and the rising purchasing power parity should stimulate the demand for construction projects and infrastructure development programs, especially residential projects in the expanding urban regions. The availability of cheap labor, land, and milder standards and regulations against chemicals compared to other regions have led the respected market players to set up their manufacturing facilities in Asia.

North America is another major consumer of roof coatings, particularly reflective roof coatings and polymer roof coatings. On the other hand, due to the recent economic collapse in Europe, a comparatively slower growth of the roof coatings market is expected.

Global Roof Coatings Market: Key Market Players

BASF SE, 3M Company, Akzo Nobel Coatings Inc., Bayer Material Science LLC, National Coatings Corp., General Coatings, Allied Building Products Corp. and TAMKO Building Products, Inc. are some of the key players in the market.

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