Global Roof Coatings Market: Construction Activities Surge World Over, observes TMR

Transparency Market Research reveals the details on the drivers, restraints, opportunities, and competition among the players associated with roof coatings, in “Roof Coatings Market - Global Industry Size, Market Share, Trends, Analysis And Forecasts 2016 – 2024.” Modern roof coatings can go a long way in terms of increasing the energy efficiency of a structure, along a few other features. The primary intention of using roof coatings today is to help reduce the overall light and heat absorbed by a structure, thereby allowing the inhabitants to reduce the load borne by the HVAC systems. Roof coatings therefore provide a phenomenal and cheap alternative to consumers having to spend extra on high capacity HVAC, additionally conserving energy.

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One of the key drivers augmenting the global roof coatings market at the moment is the booming construction industry across the world. The massive scale at which new construction projects are being initiated, along with the high rate of renovation and reconstruction activities is creating a very healthy ground for growth of the global roof coatings market and its players. The market’s growth rate is further propelled by the increasingly stringent energy conservation and emission norms set by a growing number of countries, especially from the developed economies. Constructors are making an increasing use of roof coatings and similar green alternatives to high capacity HVAC systems in order to satisfy the regulatory framework, as well the growing number of environment conscious consumers.

Conventional roof coatings help reduce the buildup of heat inside a structure, whether commercial or residential. Players in the global roof coatings market are investing into advancing their product offerings to incorporate a greater number of features. For instance, players have started offering roof coatings that contain infrared reflective pigments, allowing for a greener and healthier environment within the structure.

From a geographical perspective, the demand for roof coatings is quite high in the developed economies from North America and Europe, due to high awareness rates and stringent regulatory policies. Players in these regions are beginning to shift their focus towards the emerging economies from Asia Pacific and Latin America, where the booming construction industry, coupled with increasing awareness towards greener initiatives, is creating a heavy surge in the demand or options such as advanced roof coatings.

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Some of the leading players in the global roof coatings market at the moment, include Bayer MaterialScience, Valspar Corporation, PPG Industries Inc., Akzo Nobel N.V., BASF SE, and 3M. The competitive landscape in the global roof coatings market is expected to grow more intense over the coming years, as the demand for these coatings increases across the world and newer players join the market.

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