Press release
Roof Coatings Market is grow at 8.8% CAGR through 2023, Asia-Pacific dominated the global industry
Roof Coatings Market
Roof coatings are used as a protective layer on the surface of buildings, which help to sustain the impact of rain, sunlight, and other physical damages. The growth of the global roof coatings market is driven by the growth in global economy. In addition, surge in construction activities, especially in the developing countries, and increase in population are expected to boost the growth of the market during the forecast period. Moreover, increase in awareness among people pertaining to the global warming and other concerns about the environment supplement the growth of the market. However, volatile raw material prices restrains the market growth.
Download Sample Report with Detailed COVID-19 Impact Analysis @ https://www.alliedmarketresearch.com/request-sample/3410
The roof coatings market is segmented on the basis of material as elastomeric & plastic, bituminous, tiles, metals, and others. The metals segment is estimated to account for major share in the global roof coatings market in 2016. The elastomeric & plastic segment accounted for a significant share in 2016, and is expected to witness high growth rate during the forecast period. This is attributed to ability of elastomer & plastic to keep the objects cooler as compared to other materials.
The water-based coatings are anticipated to gain significant acceptance in the global roof coatings market during the forecast period, owing to increase in demand for green technologies across the globe. In addition, stringent government regulations pertaining to emission of volatile organic compounds is expected to boost the adoption of water-based coatings in the near future.
The commercial segment accounted for a significant share in 2016, and is anticipated to maintain its dominance during the forecast period. This is attributed to rise in construction activities and increase in industrialization worldwide. In addition, the development of green roofing technology is expected to drive its demand during the forecast period.
KEY FINDINGS
1. In terms of value, the metals segment accounted for significant share of the global market in 2016, and is expected to grow at a CAGR of 7.8% from 2017 to 2023.
2. The elastomeric and plastics segment is anticipated to grow at the highest CAGR of 10.7% over the forecast period.
3. Asia-Pacific is anticipated to witness the highest growth, registering a CAGR of 9.2%, in terms of value.
4. China and South Korea are expected to occupy approximately three-fifths share of the total Asia-Pacific market by 2023.
Water-based segment is expected to grow at a CAGR of 9.6%, in terms of value from 2017 to 2023.
In 2016, Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period, due to rise in adoption of roof coatings in the construction industry. Asia-Pacific is expected to grow at the highest CAGR in the near future.
The key players operating in the global roof coatings market are RPM International Inc., The Dow Chemical Company, AkzoNobel NV, BASF SE, Nippon Paint Co. Ltd, Valspar Corporation, PPG Industries, Inc., The Sherwin-Williams Company, and Hempel A/S.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3410
About Us:
Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Roof Coatings Market is grow at 8.8% CAGR through 2023, Asia-Pacific dominated the global industry here
News-ID: 2308857 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Roof
Storm-Damaged Roof? Ready Roof Inc. Offers Reliable Roof Replacement Solutions
For urgent needs, homeowners searching for roof replacement near me benefit from Ready Roof Inc.'s rapid response team. Their local crews are typically on-site within 24-48 hours after major storms to provide temporary repairs and prevent further damage. Being locally based means they understand regional weather patterns and building codes, allowing them to recommend the most suitable materials for your climate and roof pitch.
Severe weather can wreak havoc on your…
Total Roof Solutions Warns Homeowners About Storm Season Roof Damage
McDonough, GA - March 20, 2025 - With storm season approaching, Total Roof Solutions is urging homeowners in the greater Atlanta area to take proactive measures to protect their roofs before severe weather strikes.
Greater Atlanta's Trusted Roofing Experts Offer Free Inspections to Prevent Costly Repairs
Spring and summer storms in Georgia often bring heavy rain, high winds, and even hail-all of which can cause significant roof damage if left unaddressed. To…
Roof Repair Checklist: Steps to Ensure a Leak-Free Roof
Whether dealing with storm damage or routine wear and tear, following a structured roof repair checklist ensures small problems don't turn into major headaches.
A sturdy, well-maintained roof is essential for protecting a home from the elements. Even minor damage can lead to costly repairs if left unchecked. Regular inspections and maintenance help extend the lifespan of a roof and prevent unexpected leaks. Whether dealing with storm damage or routine wear…
Go Dawgs Roof Roof: Elevating Roofing Services in Peachtree Corners
Image: https://www.globalnewslines.com/uploads/2025/02/1739293574.jpg
February 11, 2025 - Peachtree Corners, GA - Go Dawgs Roof is making waves in the Peachtree Corners community with its comprehensive roofing solutions. Known for its commitment to quality and customer satisfaction, Go Dawgs Roof offers a range of services tailored to meet the diverse needs of homeowners and businesses in the area.
Comprehensive Roofing Solutions
Go Dawgs Roof Roof provides various roofing services designed to ensure the safety and…
Roof Repair and Roof Replacement Services in Billings, MT
When it comes to maintaining the structural integrity of your home or business, ensuring your roof is in excellent condition is crucial. Whether it's a minor roof repair or a complete roof replacement, choosing the right roofing company can make all the difference. Swagg Roofing & Siding - Billings Roofers has built a reputation for providing reliable, high-quality roofing services in Billings, MT, and the surrounding areas. With a team…
Green Roof Market Is Booming Worldwide 2024-2031 | Optigreen, Green Roof Blocks, …
Green Roof Market Analysis - 2024-2031:
Coherent Market Insights has released a new report titled "Green Roof Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031 (Version 2024)." This report provides an in-depth analysis of the Green Roof industry, featuring insights on market trends and performance. It also includes a thorough examination of competitors, regional dynamics, and the latest advancements within the market.
Coverage of the Green Roof Market:
The report provides…
