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Roof Coating Market Outlook Report

Published On: Feb, 2025
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Pages: 156

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.

Latest Trends in the Roof Coating Market

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.

Driving Factors

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.

Market Challenges

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

  1. NIPPON PAINTS
  2. PPG INDUSTRIES INC:
  3. The Sherwin-Williams Company
  4. BASF SA
  5. Akzo Nobel N.V.
  6. GAF
  7. Owens Corning
  8. IKO Roofing
  9. Johns Manville
  10. Sika AG
  11. DuPont
  12. Nichiha
  13. Tremco
  14. Carlisle Companies Incorporated
  15. CertainTeed
  16. Metal Roof Company
  17. Eagle Roofing Products
  18. LafargeHolcim
  19. Siplast
  20. DOW, INC.

*The companies above are listed in no particular order.

Report Scope

Details

Market Value- $ Million,2023

5,665

Market Growth (Value), (2024-2030)- %

5.2

Leading Region

Xx

Base Year

2023

Forecast Period

2024 to 2031

Segments Covered

By Type, By Substrate, By Rooftype, By Application, By Solution

Geography Covered

North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

 

Market Segmentation

Roof Coating Market, By Type

  • Bituminous
  • Elastomeric
  • Acrylic
  • Silicone
  • Epoxy
  • Other


Roof Coating Market, By Substrate

  • Metal
  • Concrete
  • Asphalt
  • Plastic
  • Other

Roof Coating Market, By Roof Type

  • Flat Roof
  • Sloped Roof
  • Domed Roof
  • Other


Roof Coating Market, By Application

  • Residential
  • Non-Residential


Roof Coating Market, 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)

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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