Roof coatings are designed to provide protection from environmental factors and also to extend the life of roof structures and existing roof components such as ply membranes, metal, BUR, polyurethane foam and bitumen. Roof coatings are thicker than normal paint and form the top layer of the roof membrane, protecting the latter from sunlight, harmful UV rays, sleet, rain and other damage caused by natural elements. Resins are the main ingredients in the manufacture of roof coatings and provide elastic properties, making the roof coatings more resistant to damage. The elastomeric film introduced by resins also introduces an additional waterproofing layer.
The roof coatings market was valued at $951 million in 2016 and is expected to reach $1,680 million by 2023, growing at a CAGR of 8.8% from 2017 to 2023.
Coherent Market Insights has a latest addition of a global market research report titled: Roof coverings Market to its comprehensive repository. The report studies primary and secondary research to effectively analyze the data. The market study further also draws attention to crucial industry factors such as global customers, prospects, and sellers, leading to positive business growth. To gauge the turning point of the companies, key market players are also brought in to provide readers with an in-depth analysis about industry strategies.
The Roofing Coatings report contains key data related to the market drivers that are predicted to have a huge impact on the company portfolios and industry market share. Likewise, the Roofing Coatings report studies the latest market strategies by sorting them by challenges and opportunities that the market will experience during the forecast.
Top key players in Roof coverings market:Tamko, Building, Products, Inc., Bayer, Material, Science, LLC, 3M, Company, National, Coatings, Corp., BASF, SE, General, Coatings, Akzo, Nobel, Coatings, Inc., and Allied, Building, Products, Corp.
The scope of the report:
The report segments the global Roofing Coatings market on the basis of application, type, service, technology and region. Each chapter under this segmentation allows readers to understand the core of the market. A close-up look at the segment-based analysis is intended to give readers a better idea of the opportunities and threats in the market. It also covers political scenarios that are expected to affect the market in both minor and major ways. The report on the Global Roofing Coatings Market examines changing regulatory scenarios to make accurate forecasts about potential investments. It also evaluates the risk to new entrants and the intensity of the competitive rivalry.
In addition to a segment breakdown, the report is highly structured in region-wise research. The regional analysis conducted in-depth by the researchers highlights key regions and their dominating countries that represent a significant revenue share in the Roofing Coatings market. The study helps to understand how the market will fare in the respective region while also highlighting the emerging regions that are growing at a significant CAGR. These are the regions covered in this report.
Asia-Pacific is expected to become the largest and fastest-growing market over the forecast period, thanks to the proliferation of construction and infrastructure sectors in emerging economies such as China and India. In addition, growing demand and rapid industrialization in countries such as Taiwan, Malaysia and others in the region are driving the demand for roof coatings in Asia-Pacific. The rising disposable income and purchasing power of the population in India and China are contributing significantly to the roof coating market. The presence of key players in the region has led to an increase in construction projects in Asia-Pacific. In addition, the availability of labor, land and relatively lax regulation by environmental agencies in the region are likely to benefit the market significantly. North America is expected to become the second largest market for roof coatings, especially polymer and reflective roof coatings. Europe, on the other hand, is expected to experience gradual growth as a result of an economic crisis in the region.
Questions Answered in the Global Roofing Coatings Industry Report:
• How economic share their value fluctuates from different manufacturers? • What is the current market size of Roofing Coatings regionally and globally? • What are the main final impact and outcome of the industry benefits analysis? • Which would be important players in the current market and what are their gifts in the overall sales development? What Global Roofing Coatings Market trends, challenges, and key competitions of the economy have faced? • Is the market expected to develop from the 2021-2027 forecast period? • Which application areas will work well in the forecast years? • What are the company’s long-term shortcomings?
Reasons to buy Roofing Coatings Market:
• This report provides accurate analytics for changing competitive dynamics • It provides a forward-looking perspective on various factors driving or limiting market growth • It provides a six-year forecast, assessed based on how the market is expected to grow • It helps to understand key product segments and their future • It provides accurate analysis of changing competitive dynamics and keeps you ahead of the competition • It helps to make informed business decisions by having complete market insights and by making an in-depth analysis of market segments
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