The Roof Coating Market is estimated at USD 5,405 million in 2023. Further, the market is expected to grow from USD 5,665 million in 2024 to USD 8,480 million in 2031 at a CAGR of 5.2%.
Roof Coating Market Overview
Roof coatings are aimed to safeguard and stretch the effective period of roof assemblages for new construction and existing roof coverings. The most common types of roof coatings include acrylic coatings, asphalt coatings, polyurethane coatings, and silicone coatings. Roof coatings are denser than paint and have a higher solids content that typically involves repairing, patching, and coating.
Roof coatings are thick, liquid-based coating formulas made with high-quality resins that create durable and flexible layers of protection once they dry. They have a similar consistency to paint but are applied much thicker and have much more durable and elastic properties once they dry. Their flexibility makes them especially useful for filling in small cracks, holes, or seams in roofing structures, increasing their waterproofing capabilities. The advantages of roof coatings include environmental appeal, saving time, cost-effectiveness, easy installation, and sustainability. Roof coatings help decrease the expansion and contraction of the membrane by minimizing its temperature swings.
Asia Pacific is the leading region in the roof coating market, propelled by rapid urbanization, booming construction activity, and increasing investments in infrastructure development across emerging economies.
Acrylic coatings are the dominant segment in the market, fueled by their cost-effectiveness, ease of application, and excellent durability, along with growing demand for energy-efficient and reflective roofing solutions.
Roof Coating Market- Latest Trends, Drivers, Challenges
Growing demand for synthetic & silicone-based materials:
Rapid advancements in roofing technology have resulted in the development of unique synthetic compound-based materials that are both lightweight, robust, and extremely long-lasting. Due to its advanced properties, synthetic roofing material has significantly grown in popularity. For example, polyurethane, a polymer composed of organic unit chains, is a common component of synthetic roofing with a lifespan of 50 years and has risen to prominence across all industrial sectors.
On the other hand, silicon roof coating is another type of solution that has been majorly used in commercial roofing. However, silicon roof solutions are also rising in the residential segments. Silicon in roll or spray form is applied over an already-established layer of roofing materials. They are ideal for owners who wish to change their roof's appearance without having to rip it off and replace it.
The existing roof may be repaired and coated with just two applications of silicone roof coating. A silicone coating system usually costs between $2 and $3.50 per square foot. A complete roof tear-off and installation can cost $4 - $10 per square foot, which is comparatively cost-effective compared to other roof coatings like acrylic. Restoring a roof using a low-VOC, cool roof solution such as silicone roof coatings isn't limited to improving only the environment inside a building; it can also deliver benefits to the wider environment.
Growth in the activities of the construction industry:
The growing construction industry across the globe is one of the major factors driving the roofing coatings market. The construction sector is progressing briskly in emerging regions such as Asia Pacific, making these regions a highly opportunistic marketplace for roofing coatings. Roof coatings help maintain conducive temperatures by reducing the heat buildup inside residential and commercial spaces.
In addition, increasing housing starts and rising infrastructure due to urbanization and the growing population are also impacting the market growth. Emerging trends impacting the dynamics of the construction industry include the growing demand for green construction to reduce carbon footprint, building information systems for efficient building management, and using fiber-reinforced polymer composites to rehabilitate aging structures.
Volatility in Raw Material Prices & High Production Cost:
The price volatility of raw materials is one of the major restraints hampering the roof coating market growth. In 2020, the prices of raw materials used to produce construction chemicals increased due to their limited availability. The supply chain disruptions due to the COVID-19 pandemic have taken its toll on container availability, which has resulted in a significant increase in shipping prices. These and other factors could affect the prices of construction chemicals products, including paints, polyurethane foams, sealants, and construction adhesives (silicone, acrylic, hybrid, and polyurethane).
In the past, asphalt was used as a raw material to make roofing materials and could be heated and applied as a waterproofing adhesive. With the introduction of roof membranes such as modified bitumen, EPDM, PVC, and substrates such as spray polyurethane foam and metal, roof coatings have been developed to address membranes' and substrates' diverse adhesion, elongation and weathering characteristics. And as many building owners, facility managers, and specifiers have become more knowledgeable about roofing, they are striving to extend their roof systems' service lives and reduce buildings' energy costs.
Companies Mentioned
- NIPPON PAINTS
- PPG INDUSTRIES INC:
- The Sherwin-Williams Company
- BASF SA
- Akzo Nobel N.V.
- GAF
- Owens Corning
- IKO Roofing
- Johns Manville
- Sika AG
- DuPont
- Nichiha
- Tremco
- Carlisle Companies Incorporated
- CertainTeed
- Metal Roof Company
- Eagle Roofing Products
- LafargeHolcim
- Siplast
- DOW, INC.
Market Scope
|
Parameter |
Detail |
|
Base Year |
2024 |
|
Estimated Year |
2025 |
|
Forecast Period |
2026-2032 |
|
Market Size-Units |
USD million |
|
Market Splits Covered |
By Type, By Application, By Substrate, and By roof type |
|
Countries Covered |
North America (USA, Canada, Mexico) |
|
Analysis Covered |
Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
|
Customization |
10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
|
Post-Sale Support |
4 analyst hours, available up to 4 weeks |
|
Delivery Format |
The Latest Updated PDF and Excel Data file |
Market Segmentation
By Type
- Bituminous
- Elastomeric
- Acrylic
- Silicone
- Epoxy
- Other
By Substrate
- Metal
- Concrete
- Asphalt
- Plastic
- Other
By Roof Type
- Flat Roof
- Sloped Roof
- Domed Roof
- Other
By Application
- Residential
- Non-Residential
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
- The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
- South and Central America (Brazil, Argentina, Chile, Rest of SCA)
List Of Companies
PPG Industries, Inc. (U.S.)
The Sherwin-Williams Company (U.S.)
Akzo Nobel N.V. (Netherlands)
RPM International Inc. (U.S.)
BASF SE (Germany)
Sika AG (Switzerland)
Wacker Chemie AG (Germany)
The Dow Chemical Company (U.S.)
GAF Materials Corporation (U.S.)
Hempel A/S (Denmark)
Kansai Paint Co., Ltd. (Japan)
Neogard (U.S.)
Henry Company (U.S.)
Gardner-Gibson, Inc. (U.S.)
National Coatings Corporation (U.S.)
EVERROOF (U.S.)
Carlisle Companies Inc. (U.S.)
Firestone Building Products Company, LLC (U.S.)
Alco Products, LLC (U.S.)
EPOX-Z Corporation (U.S.)
TABLE OF CONTENTS
1. GLOBAL ROOF COATING INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. ROOF COATING MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Roof Coating Market Latest Trends
2.1.1. Growing demand for synthetic & silicone-based materials:
2.1.2. Product Innovations & Technological Advancements:
2.1.3. High demand for cool-roof coating & green building establishments:
2.2. Roof Coating Market Insights, 2023-2031
2.2.1. Leading Roof Coating Type, 2023-2031
2.2.2. Dominant Roof Coating Substrate, 2023-2031
2.2.3. Dominant Roof Coating Roof Type, 2023-2031
2.2.4. Leading Roof Coating Application, 2023-2031
2.2.5. Dominant Roof Coating, Solution, 2023-2031
2.2.6. Fast-Growing Geographies for Roof Coating, 2023-2031
2.3. Roof Coating Demand Drivers to 2031
2.3.1. Growth in the activities of the construction industry:
2.3.2. Increasing demand for eco-friendly and sustainable building structures:
2.3.3. Rapid urbanization & industrialization:
2.3.4. Increasing consumer awareness regarding the benefits of roof coating:
2.4. Roof Coating Challenges to 2031
2.4.1. Volatility in Raw Material Prices & High Production Cost:
2.4.2. Emission of High VOC:
2.4.3. Russia-Ukraine War Impact on Roof Coating Industry:
2.5. Roof Coating Market-Five Forces Analysis
3. GLOBAL ROOF COATING MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global Roof Coating Market Overview, 2023
3.2. Global Roof Coating Market Size and Share Outlook, By Type, 2023-2031
3.2.1. Bituminous
3.2.2. Elastomeric
3.2.3. Acrylic
3.2.4. Silicone
3.2.5. Epoxy
3.2.6. Other
3.3. Global Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
3.3.1. Metal
3.3.2. Concrete
3.3.3. Asphalt
3.3.4. Plastic
3.3.5. Other
3.4. Global Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
3.4.1. Flat Roof
3.4.2. Sloped Roof
3.4.3. Domed Roof
3.4.4. Other
3.5. Global Roof Coating Market Size and Share Outlook, By Application, 2023-2031
3.5.1. Residential
3.5.2. Non-Residential
3.6. Global Roof Coating Market Size and Share Outlook, By Solution, 2023-2031
3.6.1. Water-based
3.6.2. Solvent-based
3.7. Global Roof Coating Market Size and Share Outlook by Region, 2023-2031
4. NORTH AMERICA ROOF COATING MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
4.1. North America Roof Coating Market Overview, 2023
4.2. North America Roof Coating Market Size and Share Outlook by Type, 2023-2031
4.3. North America Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
4.4. North America Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
4.5. North America Roof Coating Market Size and Share Outlook by Application, 2023-2031
4.6. North America Roof Coating Market Size and Share Outlook by Solution, 2023-2031
4.7. North America Roof Coating Market Size and Share Outlook by Country, 2023-2031
4.7.1. United States
4.7.2. Canada
4.7.3. Mexico
5. EUROPE ROOF COATING MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. Europe Roof Coating Market Overview, 2023
5.2. Europe Roof Coating Market Size and Share Outlook by Type, 2023-2031
5.3. Europe Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
5.4. Europe Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
5.5. Europe Roof Coating Market Size and Share Outlook by Application, 2023-2031
5.6. Europe Roof Coating Market Size and Share Outlook by Solution, 2023-2031
5.7. Europe Roof Coating Market Size and Share Outlook by Country, 2023-2031
5.7.1. Germany
5.7.2. France
5.7.3. UK
5.7.4. Italy
5.7.5. Spain
5.7.6. Rest of Europe
6. ASIA PACIFIC ROOF COATING MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
6.1. Asia Pacific Roof Coating Market Overview, 2023
6.2. Asia Pacific Roof Coating Market Size and Share Outlook by Type, 2023-2031
6.3. Asia Pacific Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
6.4. Asia Pacific Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
6.5. Asia Pacific Roof Coating Market Size and Share Outlook by Application, 2023-2031
6.6. Asia Pacific Roof Coating Market Size and Share Outlook by Solution, 2023-2031
6.7. Asia Pacific Roof Coating Market Size and Share Outlook by Country, 2023-2031
6.7.1. China
6.7.2. Japan
6.7.3. India
6.7.4. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA ROOF COATING MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. South and Central America Roof Coating Market Overview, 2023
7.2. South and Central America Roof Coating Market Size and Share Outlook by Type, 2023-2031
7.3. South and Central America Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
7.4. South and Central America Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
7.5. South and Central America Roof Coating Market Size and Share Outlook by Application, 2023-2031
7.6. South and Central America Roof Coating Market Size and Share Outlook by Solution, 2023-2031
7.7. South and Central America Roof Coating Market Size and Share Outlook by Country, 2023-2031
7.7.1. Brazil
7.7.2. Argentina
7.7.3. Rest of South and Central America
8. MIDDLE EAST AFRICA ROOF COATING MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Middle East Africa Roof Coating Market Overview, 2023
8.2. Middle East Africa Roof Coating Market Size and Share Outlook by Type, 2023-2031
8.3. Middle East Africa Roof Coating Market Size and Share Outlook, By Substrate, 2023-2031
8.4. Middle East Africa Roof Coating Market Size and Share Outlook, By Roof Type, 2023-2031
8.5. Middle East Africa Roof Coating Market Size and Share Outlook by Application, 2023-2031
8.6. Middle East Africa Roof Coating Market Size and Share Outlook by Solution, 2023-2031
8.7. Middle East Africa Roof Coating Market Size and Share Outlook by Country, 2023-2031
8.7.1. Middle East
8.7.2. Africa
9. ROOF COATING MARKET STRUCTURE
9.1. DOW, INC.
9.2. NIPPON PAINTS
9.3. PPG INDUSTRIES INC:
9.4. The Sherwin-Williams Company
9.5. BASF SA
9.6. Akzo Nobel N.V.
10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Contact Information
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