2022 - Roof Coating Market Worth US$ 1.94 Billion - Key Insights, Company Profiles and Growth Factors

Report aims at estimating the size and future growth potential of roof coating market across different segments type, substrate, roof type, solution technology, end-use sector, and region.

The roof coating market size is estimated to grow from USD 1.59 Billion in 2016 to USD 1.94 Billion by 2022. Market projected to grow at a CAGR of 3.48% during the forecast period. Base year considered for study is 2016, & market size projected from 2017 to 2022.

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Roof coating market, by end-use sector, segmented into residential and non-residential. Non-residential segment further divided into commercial, hospitality, healthcare, and others. Demand for roof coating in residential sector minimal as compared to that in non-residential, mainly due to lack of awareness in this market.

The various key players profiled in the report are as follows:
• AkzoNobel N.V. (Netherlands)
• BASF SE (Germany)
• The Dow Chemical Company (US)
• Nippon Paints Co. Ltd (Japan)
• PPG Industries, Inc. (US)
• The Sherwin-Williams Company (US)
• RPM International Inc. (US)
• Sika AG (Switzerland)
• Wacker Chemie AG (Germany)
• Hempel A/S(Denmark)

Market ecosystem includes various stakeholders involved in the supply chain of the roof coating industry starting from raw material suppliers, research & development, and manufacturing. Post this, the marketing and sales of the products take place which is only possible if an efficient distribution channel is developed. Finally, the end products are made available to the consumers.

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Report on roof coating market covers detailed information regarding major factors influencing the growth of the roof coating market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, and recent developments associated with roof coating market.

Target Audience
• Roof coating material producers
• Raw material producers and suppliers
• Roof coating distributors and traders
• End-use sectors
• Governments and R&D institutions
• Market research and consulting firms
• Associations and industry bodies

Global roof coating market dominated by players like BASF SE (Germany), Akzo Nobel N.V. (Netherlands), RPM International Inc. (US), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Hempel A/S (Denmark), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Sika AG (Switzerland), and Nippon Paint Holdings Co., Ltd (Japan).

More information on “Roof Coating Market by Type (Bituminous, Elastomeric, Acrylic, Epoxy, and Silicone), Substrate (Metal, Asphalt, Membrane, Concrete, and Plastic), Technology (Water-based and Solvent-based), Roof Type, End-use Sector, and Region - Global Forecast to 2022” report @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=383454 .

North American region accounted for the largest share of the global roof coating market. However, as the roof coating market in developed countries is maturing, the Asia Pacific market particularly the developing markets in countries such as China and India is projected to grow at the highest rate from 2017 to 2022.

The distribution of primary interviews are as follows:
• By Company Type: Tier 1 –35%, Tier2 –30%, andTier 3 –35%
• By Designation: Manager Level – 65%, C Level – 35%
• By Region: North America –25%, Asia Pacific – 22%,Europe –28%, and South America–10%, Middle East & Africa– 15%

The increase in demand for roof coating can largely be attributed to the rising population of the region with high disposable incomes and the construction opportunities in this region. Moreover, increasing demand for sustainable & eco-friendly construction drives the roof coating market in the region.

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This release was published on openPR.