Liquid Roofing Market – Global Industry Analysis And Forecast (2022-2029)

Liquid Roofing Market was valued at US$ 6.57 Bn. in 2021 and is forecasted to reach a value of US$ 11.93 Bn. in 2029. The Global Liquid Roofing Market size is estimated to grow at a CAGR of 7.75% over the forecast period.

Liquid Roofing Market Overview:

The report explores the Liquid Roofing market's segments (Type, Application, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Liquid Roofing market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Liquid Roofing market's contemporary competitive scenario. Liquid Roofing MarketTo know about the Research Methodology :- Request Free Sample Report

Liquid Roofing Market Dynamics:

The utilization of reflective coatings for obscure material alternatives for accomplishing a better impression of warmth is expected to for the market growth and development in the forecasting year. As per the guidance of the Environmental Protection Agency (EPA, U.S), support for the utilization of asbestos in roofing materials and bitumen coatings acts as a specialist for the waterproofing, and it is expected to arise as a triumphant pattern throughout the long term. The development needs to diminish the carbon impression act as another factor that could add to ascend their market interest. The number directly connected to the expense cutting during rooftop establishment decidedly impacts the interest in the worldwide fluid material market also. Different advances in building style, the productivity of layer materials utilized in coatings, and extended utilization of acrylic pitch have relied on the arising focal points for the market. Liquid Roofing also acts as a process of applying coatings to the roof, which prolongs its lifetime, lowers the temperature(also lower energy requirements and pollution), and makes the surface easier to clean and maintain. The volatility in the cost of raw materials may hinder the growth of the liquid roofing market in the future. This roofing system can withstand extreme elements and stresses encountered by typical building movements. The chemical composition protects from the extreme heat of the sun, as it is fire resistant which helps to extend the life of the roof. Additionally, it offers resistance to hail, wind uplift, and water leakage. As a result, these factors are boosting the product demand across the globe. The global liquid roofing market is also driven by the increasing demand for functional and cost-efficient roofing systems and growth in the consumption of 2K polyurethane liquid roofing systems. The other driving factor for the growth and development of the market is because of eco-friendly and solvent-free coating services. The rising need to reduce the carbon footprints across the globe is likely to provide opportunities for the liquid roofing market over the forecasted period. The process of liquid roofing systems provides a cost-effective method for making a new or existing roof waterproof, which delivers up to 25 years of performance. As per the study, liquid roofing is 70% less expensive than overall roof replacement in refurbishment situations. Liquid roofing has high-performance materials; many of the products used in the liquid roofing process have tested performance verified. In the U.K the leading testing and approval house, the British Board of Agreement(BBA), has issued approvals for these systems. Rapid curing even in winters. Excellent adhesion to all kinds of surfaces and chemical resistance, it can resist temperatures between -40oC and +80oC. They are completely waterproof and not heat transmitters. For instance- the China roofing and waterproof exhibition (R&W) has formed into one of the biggest places for material and waterproofing in Asia. It has features items like energy-saving lighting year, cold-air machine, renewable energy innovation, eco-building materials, eco-items, etc. Liquid Roofing Market Restraints and challenges: The major restraining factors of liquid roofing are if it is not applied uniformly, the final look might not be as appealing. It requires a specialist to handle the application for a pleasant outcome. It means it needs to find qualified builders to handle it. The challenge is that it is durable but it doesn't mean it can't have wear and tear hence it needs early repair to its waterproof state. It gets slippery over time because of its water-resistant property, making it lifeless for anyone. Whoever repairs need to be careful. The roofs place a greater burden on the foundation of the building and demand a greater depth of the roofing. Replacing a flat roof with a pitched roof on an existing structure is not feasible, also not feasible for building with multiple levels or complex plans, more expensive to maintain. Liquid Roofing Market Trends: In the coming years, the use of liquid roof coating options achieves better heat reflections. Using bitumen coatings as a waterproofing agent is expected to become a more popular trend in the forecasted year. The ever-increasing concern about the use of roofs for environmental reasons provides a plethora of opportunities for the liquid roofs market. The activities associated with the cost-cutting during the roof installation are expected to boost the demand for the market. The power plant, electricity grids, water supply, and treatment plants, roads, railways, airports, bridges, telecommunication networks, and hospitals are the major drivers of the growth of these markets. Green roofs are roof structures that are covered in vegetation. It helps to save money and energy, reduce the urban heat island effects, remove harmful air pollutants, and reduce stormwater runoff. On the other hand, it is booming in countries like Germany, and the U.S, thanks to regulations governing building emissions.

Liquid Roofing Market Segment Analysis:

Based on Type, the Liquid Roofing Market is segmented into Polyurethane coatings, Acrylic coating, Hybrid coatings, Silicone coatings, bituminous coatings, Elastomeric coatings, and others. The Polyurethane coatings segment held the largest market share accounting for 31.9% in 2021. Polyurethane coatings are the most adopting coating in the market reason behind the dominance of these segment in the liquid roof market is that the layer applied to the surface is for protecting it by substrates that cover the various defects such as weathering, abrasion, corrosion, and other deteriorating processes, it is a chemical compound group known as carbamates, customizability in nature. These coatings can be formulated to be muted, opaque, glossy, or transparent it handles temperature lower than 30oF (-1OC). The acrylic coating is the second excellent choice because of its many types of substrates, modified bitumen, metal build-up, single-ply, and spray foam. These acrylic coatings are very cost-effective and have a high UV resistance and reflectiveness. Hybrid coatings are capturing the market by having hybrid elastomeric waterproofing roof coating and new technology based on acrylic polyurethane emulsion. It forms a highly elastic, seamless membrane that offers excellent protection from moisture and standing water more than ten years. Bitumen roof is marking market growth because it is flexible and forms a waterproof layer which is also anti-corrosive. It protects steel, wood, and concrete and protects buildings against dampness and water when it dries. Elastomeric layers and silicon coatings are required to offer the most elevated development potential in the market. Based on Application, the Liquid Roofing Market is segmented into Flat roofs, Pitched roofs, Domed roofs, and others. Pitched roofs segment has dominated the market share accounting for 34.8% in 2021. They are strong, resilient, and provide reuse of rainwater, have low maintenance as compared to the flat and domed surface, it provides slow cost additional space. It builds in many regions of the dominated region of these markets widely to withstand snow, ice, and water and provides water drainage and fire resistance. On the other hand, the domed roof segment is also rising because it resists natural elements. The shape is very efficient for providing energy efficiency and air circulation but not creating divisions and rooms is complex, and it is not suitable for the residential much. Based on End-User, the Liquid Roofing Market is segmented into Residential, Commercial, Public-initiative, and Industrial Facilities. The residential segment dominates the segments owing to the large-scale consumption of liquid roofing in the construction industry. Beneficial attributes are long-term roofs, lower maintenance costs, and more value in the life cycle. Increasing awareness and acceptability among consumers regarding these markets. Refurbishing and renovation of old buildings have increased investment, and the construction industry is anticipated to rise in the market demand the major driver of these segments is the rapid urbanization of developing economies.

Liquid Roofing Market Regional Insights:

The Asia Pacific region held the largest market share accounting for 34.7% in 2021. Asia-Pacific is the most dominant region for these markets the reason for the driving of this region is because this region is considered the fastest–growing market for the construction industry. Factors like the expansion, of the residential and commercial construction sector, are the most prominent in this region. Rising government plans for advancing infrastructures such as Vietnam's socio-economic development plan, Indonesia's national medium-term development plan, and many other countries' plans for this region. North America is also playing a crucial plan in the development of the market, factors are the climate and the requirement for the heat, cold, and fire-resistant coatings and the facilities like highly tenable, lower maintenance cost, proven to be most durable systems, and aides in the prevention of uneven spots, bumps, and any overlap over the roof surface. Developing regions such as Europe and South America are pushing toward the development of green and energy-effective design. This is an imperative factor that could give the stimulus of growth of the fluid sealing also. They have existing strong development and businesses and advances for the innovation in local places arising the factors for the development of residential sector leads to improvement in liquid roof market in these regions. The objective of the report is to present a comprehensive analysis of the global Liquid Roofing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Liquid Roofing Market dynamic, and structure by analyzing the market segments and projecting the Liquid Roofing Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Liquid Roofing Market make the report investor’s guide.

Liquid Roofing Market Scope: Inquiry Before Buying

Liquid Roofing Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 7.75% US$ 6.57 Bn US$ 11.93 Bn
Segments Covered
by Type • Polyurethane coatings • Acrylic coatings • Hybrid coatings • Silicon coatings • Bituminous coatings • Elastomeric coatings by Application • Flat roof • Pitched roof • Domed roof by End-user • Residential • Commercial • Public Infrastructure • Industrial Facilities
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Liquid Roofing Market Key Players:

BASF S.E • DOW • Saint-Gobain Weber • 3M • Sika AG • KRATON CORPORATION • GAF • Kemper System Ltd. • Johns Manville • LRWA • Polyroof Products • KM Coatings • Apollo Roofing solutions • Proctor Roofing Frequently Asked Questions: Q.1 What are the opportunities for the growth of the liquid roof market? Ans. The driving factors for the growth and development of the market is because of eco-friendly and solvent-free coating services. The growing need to reduce the carbon footprints across the globe is likely to provide opportunities for the liquid roofing market over the forecasted period. Q.2 Who are the major competitors in these markets? Ans. KRATON CORPORATION & GAF are the key players in the market. Q.3 What is the factor restraining the growth market? Ans. The major restraining factors of liquid roofing are if it is not applied properly and uniformly the final look might not be as appealing. It requires a specialist to handle the application for a pleasant outcome. Q.4 What is a liquid roof? Ans. Liquid Roofing is the process of waterproofing a roof by the application of a specialist liquid roof coating. Some of the common types of the liquid roof coatings include acrylic coatings, modified saline polymers, EPDM rubbers Q.5 What is the regional growth of these liquid roof markets? Ans. The Liquid Roofing Market region is expected to witness significant growth at a CAGR of 7.75% through the forecast period.
1. Global Liquid Roofing Market Size: Research Methodology 2. Global Liquid Roofing Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Liquid Roofing Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Liquid Roofing Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Liquid Roofing Market Size Segmentation 4.1. Global Liquid Roofing Market Size, by Type (2021-2029) • Polyurethane coatings • Acrylic coatings • Hybrid coatings • Silicon coatings • Bituminous coatings • Elastomeric coatings 4.2. Global Liquid Roofing Market Size, by Application (2021-2029) • Flat roof • Pitched roof • Domed roof 4.3. Global Liquid Roofing Market Size, by End-user (2021-2029) • Residential • Commercial • Public Infrastructure • Industrial Facilities 5. North America Liquid Roofing Market (2021-2029) 5.1. North America Liquid Roofing Market Size, by Type (2021-2029) • Polyurethane coatings • Acrylic coatings • Hybrid coatings • Silicon coatings • Bituminous coatings • Elastomeric coatings 5.2. North America Liquid Roofing Market Size, by Application (2021-2029) • Flat roof • Pitched roof • Domed roof 5.3. North America Liquid Roofing Market Size, by End-user(2021-2029) • Residential • Commercial • Public Infrastructure • Industrial Facilities 5.4. North America Liquid Roofing Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Liquid Roofing Market (2021-2029) 6.1. Europe Liquid Roofing Market, by Type(2021-2029) 6.2. Europe Liquid Roofing Market, by Application (2021-2029) 6.3. Europe Liquid Roofing Market, by End-user(2021-2029) 6.4. Europe Liquid Roofing Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Liquid Roofing Market (2021-2029) 7.1. Asia Pacific Liquid Roofing Market, by Type(2021-2029) 7.2. Asia Pacific Liquid Roofing Market, by Application (2021-2029) 7.3. Asia Pacific Liquid Roofing Market, by End-user(2021-2029) 7.4. Asia Pacific Liquid Roofing Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Liquid Roofing Market (2021-2029) 8.1. The Middle East and Africa Liquid Roofing Market, by Type(2021-2029) 8.2. The Middle East and Africa Liquid Roofing Market, by Application(2021-2029) 8.3. The Middle East and Africa Liquid Roofing Market, by End-user(2021-2029) 8.4. The Middle East and Africa Liquid Roofing Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Liquid Roofing Market (2021-2029) 9.1. South America Liquid Roofing Market, by Type(2021-2029) 9.2. South America Liquid Roofing Market, by Application(2021-2029) 9.3. South America Liquid Roofing Market, by End-user(2021-2029) 9.4. South America Liquid Roofing Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. BASF S.E 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. DOW 10.3. Saint-Gobain Weber 10.4. 3M 10.5. Sika AG 10.6. KRATON CORPORATION 10.7. GAF 10.8. Kemper System Ltd. 10.9. Johns Manville 10.10. LRWA 10.11. Polyroof Products 10.12. KM Coatings 10.13. Apollo Roofing solutions 10.14. Proctor Roofing
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