The modern-day document posted via Report Ocean, titled “Roof Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global roof coatings market was valued at $951 million in 2016, and is expected to reach $1,680 million by 2023, registering a CAGR of 8.8% from 2017 to 2023. Roof coating is a fluid applied roofing membrane, which is used to regulate the temperature of buildings. These coatings possess elastic properties, which allow them to stretch and retain its original shape. They are the top layer of composite roof membrane and underlying system.
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The growth of the global roof coatings market is driven by surge in cool roof technology and the development of the construction industry. Moreover, increase in construction activities in Asia-Pacific is anticipated to boost the global roof coatings market during the forecast period. Roof coatings help to reduce the use of air conditioning systems, which in turn helps to minimize pollution and save energy. However, one of the major challenges for the growth of the market is the volatile raw material prices. Conversely, the development of green technologies is anticipated to provide new opportunities for the key players.
The global roof coatings market is segmented based on material, technology, roof type, application, and geography. By material, the market is categorized into elastomeric & plastic, bituminous, tiles, metals, and others. On the basis of technology, it is bifurcated into water-based and solvent-based. According to roof type, it is classified into low sloped roof, steep sloped roof, and others. As per application, it is divided into residential, commercial, hospitality, healthcare, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global roof coatings market have adopted product launch and expansion as their key strategies to gain significant market share and cater to the growing demands from the developing countries.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current trends and emerging estimations from 2016 to 2023 in the global roof coatings market.
Competitive intelligence of leading manufacturers & distributors of roof coatings helps in understanding the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the market growth is provided.
Extensive analysis of the industry is conducted by following key product positioning and by monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
Following are the key players in the global roof coatings market:
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
Roof Coatings Market Key Segments:
By Material
Elastomeric & Plastic
Bituminous
Tiles
Metals
Others
By Technology
Water-based
Solvent-based
By Roof Type
Low Sloped Roof
Steep Sloped Roof
Others
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By Application
Residential
Commercial
Hospitality
Healthcare
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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