Roofing Coatings Market | Tamko Building Products, Inc., Bayer Material Science LLC, 3M Company

Roof coatings are designed with the purpose of providing protection from environmental conditions, and also extending life of roof assemblies, and existing roof components such as ply membranes, metal, BUR, polyurethane foam, and bitumen. Roof coatings are thicker than normal paint and form the topmost layer of the roof membrane, thus protecting the latter from sunlight, harmful UV rays, sleet, rain, and other damage caused by natural elements.

Resins are key ingredients in manufacture of roofing coatings and provide elastic properties to it, which enhances the roof coatings’ ability to sustain damage. The elastomeric film introduced by resins also introduces an extra waterproofing layer.

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Roof coatings are gaining popularity in the paints and coatings industry owing to its ability to regulate temperature, protect against moisture, water damage, and leaks. Furthermore, manufacturers of roof coatings are investing in product innovations in order to introduce cost effective, advanced roof coating solutions. Roof coatings have immense demand in commercial, residential, and industrial constructions which is projected to propel growth of the global roofing coating market. Also, global recovery from the economic slump in 2009 is another major factor behind the increasing demand for roof coatings. In addition to that, advantages such as reflectivity, elasticity, water resistance, and cost effectiveness are encouraging construction companies operating residential and commercial sectors to invest in roof coatings. The residential sector has contributed the maximum market share, however rising demand for white coatings for construction of commercial buildings owing to factors such as a variety of shades, reflective pigment, and energy saving capabilities of roof coatings is expected to favour growth of the global roofing coatings market.

However, roof coatings may not be effective on flat roofs which cause water to accumulate in some areas near the drains. Prolonged exposure to standing water may limit effectiveness of roof coatings. Failure to address or warrant for the problem of accumulating water by manufacturers of roofing coatings may affect growth of the market in the future.

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Key Developments:-

In July 2019, Applied Graphene Materials, a manufacturer of specialty graphene materials announced that its partner company, Alltimes Coatings Ltd, a U.K. based supplier and application of protective coatings for buildings is launching Advantage Graphene liquid coating roofing. The liquid coating prevents from corrosion and increase life expectancy of industrial and commercial roofs.

In November 2018, Nygra coatings launched cool roof technology. This technology helps in reducing temperature & use of energy, manages cooling costs and others. The roof coating technology offered by company has capability to reduce surface temperatures and internal ambient temperatures by 35°F or more. Nygra Coatings is available in two colors including type 1 Rigid Black and Rigid White. The coating offered by company is tested by the Cool Roof Rating Council (CRRC) Product Rating Program.

In 2017, IPS Corporation, a manufacturer of building and specialty adhesive products acquired Metacrylics Cool Roof Coatings Company based in California. The acquisition aimed to enter into cool roof coatings market by IPS Corporation.

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