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Liquid Roofing Global Market 2024, SWOT Analysis and Key Business Strategies 2033
Liquid Roofing Global Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Liquid Roofing industry. This report on Liquid Roofing market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The liquid roofing market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to commercial real estate expansion, industrial infrastructure, energy efficiency, sustainability initiatives, residential roofing.
The liquid roofing market size is expected to see strong growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to net-zero building goals, cool roof regulations, aging population facilities, climate change resilience, industrial chemicals. Major trends in the forecast period include smart roofing solutions, solar roof integration, waterproofing technology, rainwater harvesting, sustainable roofing solutions.
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Key Market Players:
AkzoNobel N.V., BASF SE, GAF Materials Corporation, The Dow Chemical Company, 3M Company, SubCom LLC, Alcatel Submarine Networks, NEC Corporation, Prysmian Group, Xtera Communications Inc. are prominent players in the Liquid Roofing industry.
Market Drivers:
Major companies operating in the liquid roofing market are developing innovative products such as PMMA (Polymethyl Methacrylate) to meet the growing demand for liquid roofing. PMMA (Polymethyl Methacrylate) is a proven high-strength, fast-curing, and durable innovation that offers versatile solutions compared to conventional waterproofing materials.
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Market segments for Liquid Roofing include:
1) By Type: Polyurethane Coatings, Acrylic Coatings, PU/Acrylic Hybrids, Bituminous Coatings, Silicone Coatings, Modified Silane Polymer, EPDM Rubbers, Elastomeric Membranes, Cementitious Membranes, Epoxy Coatings
2) By Application: Flat Roof, Pitched Roof, Domed Roof, Other Applications
3) By End-Use: Residential Buildings, Industrial Facilities, Commercial Buildings, Public Infrastructure
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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