Global Roof Coating Market is estimated to be US$ 2479.16 million by 2030 with a CAGR of 6.1% during the forecast period

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Published Date: July 2021

The Global Roof Coating Market accounted for US$ 1377.1 million in 2020 and is estimated to be US$ 2479.16 million by 2030 and is anticipated to register a CAGR of 6.1%. A roof coating is a fluid-applied Roof membrane that is monolithic and fully adherent. Elastomeric roof coatings, for example, have elastic qualities that allow them to expand and return to their original shape without causing damage. Roof coatings are seamless and can fix roof leaks on practically any type of Roof material when put appropriately. Roof coatings are used for a variety of objectives, including resaturation of existing roofs to extend their service life, reflectivity to create a "cool roof," and toughness to give a roof wearing surface that can withstand abrasion from foot traffic or other physical damage, such as hail.

The report " Global Roof Coating Market, By Type (Elastomeric, Bituminous and Tiles), By Application (Residential, Commercial, Hospitality, Healthcare and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Key Highlights:

In May 2020, Nouryon is launching a new solution for the building and construction market that boosts the effectiveness of energy-saving “cool roof” coatings by improving their ability to reflect light and enhancing their self-cleaning properties. The new concept combines Nouryon’s Expancel expandable thermoplastic microspheres, which reflect light, and its Levasil colloidal silica, which improves the performance of the coatings.
In April 2021, Nationwide Protective Coatings launches PERMAKOTE Metal Roof Paint. PERMAKOTE Metal Roof Paint is a Matte Finish, Bright White, Elastomeric Acrylic, Protective Roof Coating designed to work on a metal roof system. It is a water-based, high build formula that possesses Acrylic WaterpRoof Technology.

Analyst View:

The rise in construction activities around the world, increased R&D activities, and the introduction of green roof coatings technology are all driving the global roof coatings market forward. To thoroughly seal and waterproof the roof, roof coatings are applied to hatches, pipes, Roof, and other rooftop equipment. The coatings are immediately applied to the existing roof. Raw material price volatility, on the other hand, is expected to be a substantial market limitation.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on ‘Global Roof Coating Market, By Type (Elastomeric, Bituminous and Tiles), By Application (Residential, Commercial, Hospitality, Healthcare and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

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Key Market Insights from the report:

The Global Roof Coating Market accounted for US$ 1377.1 million in 2020 and is estimated to be US$ 2479.16 million by 2030 and is anticipated to register a CAGR of 6.1%.The Global Roof Coating Market is segmented based on the type, application and region.

By Type, the market is segmented into Elastomeric, Bituminous and Tiles.
By Application, the Global Roof Coating Market is segmented into Residential, Commercial, Hospitality, Healthcare and Others.
By Region, the Global Roof Coating Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

The key players operating in the global Roof Coating market includes PPG Industries, Sherwin-Williams, Akzo-Nobel, Nipponpaint-holding, 3M, National Coatings, Valspar Paint, Basf, Henry and Gardner-Gibson

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period