Roof Coatings Market Global Share, Size, Business Opportunist, Top Key Players, Growth Factor, Current Trends, Industry Analysis by Forecast to 2023

Roof Coatings Market Key Players:
Roof Coatings Market are: Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (US), Sika AG (Switzerland), BASF SE (Germany), Wacker Chemie AG (Germany), RPM International Inc. (US), The Dow Chemical Company (US), Hempel A/S (Denmark), the Sherwin-Williams Company (US), and KANSAI PAINT CO., LTD (Japan).

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Roof Coatings Market Segmentation:
Roof Coatings Market has been segmented on the basis of type, substrate, roof type, application, and region.

Based on type, the market has been categorized into bituminous, elastomeric, acrylic, silicone, epoxy, and others.

On the basis of substrate, the market has been segmented into metal, concrete, asphalt, plastic, membrane, and others.

By roof type, the market has been segregated into flat, low slopped, and steep.

Based on application, the market has been divided into residential and non-residential.

The market has been divided into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Roof Coatings Market Regional Analysis:
Roof Coatings Market has been analysed with respect to five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the healthy growth of the construction industry and rapid urbanization and industrialization in the region. India, Japan, China, and South Korea are the major markets in this region due to increasing government investments in infrastructure development.

North America is expected to be the second-largest roof coatings market. The US is a major contributor to the growth of this regional market due to the increasing product demand in reconstruction applications in the country.

Europe is another significant region in the global roof coatings market and the UK, France, Germany, Italy, Spain, and the Netherlands are the major contributors to the growth of this regional market. The Latin American market is witnessing steady growth in end-use industries in countries such as Brazil and Argentina. The marine industry in Brazil is estimated to grow substantially during the forecast period, driving the growth of the regional roof coatings market. In the coming years, increasing opportunities in the construction industry in the Middle East & Africa are likely to propel the growth of the regional market.

Roof Coating Market Competitive Landscape:
Roof Coating is a highly mature market driven by flourishing growth in building & construction industry, along with the rising technological advancements in the field of protective coatings. The market consists of considerable number of tier 1 companies. Among them, BASF SE, Sika AG, Evonik Industries AG, PPG Industries, Akzo Nobel N.V, 3M are the leading manufacturers which have substantial contribution to the growth of the market during the review period. Almost all of these market participants are primarily adopting the expansion of their production capacities and product launch tactics to strengthen their market position.

Growing construction industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms, along with continuous R&D activities are key market forces operating in the market for the growth of the demand for Roof coating. Taking all these trends under consideration, the global roof coating market poised to witness considerable competition due to easy entry of competitors over the forecast period of 2018-2023.

Roof Coatings Market Highlights:
Roof Coatings Market may expand at a CAGR of nearly 5% to register over USD 200 Million by the end of 2023. Globally, Roof coatings is one of the major and necessary application in both residential and non-residential buildings. Almost over 60% of the commercial buildings opt for the roof coatings to avoid the leveraging cost of maintenance.

Roof Coatings Market Table of Content to be Continue…….,

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