Roof Coatings Market Size is Expected to Flourish USD 3106.1 Million by 2030 - Digital Journal

2022-05-14 23:05:53 By : Ms. li song

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Increasing investment in construction projects with rapid urbanization and industrialization across the globe will propel the growth of the roof coatings market growth.

The Global Roof Coating Market size is forecast to reach USD 2.03 billion from USD 2,041.56 Million in 2021, delivering a CAGR of 4.79% through 2030. The market growth is driven by the evolving construction sector and rise in several residential & commercial construction projects, primarily across the developing economies.

Roof coatings are specifically designed for the protection of roof assemblies in construction in order to augment the life-span of roofs. These coatings are thicker than paints and are formulated to protect roofs from the harsh environmental or weathering effect, such as wind, rain, UV rays, and others.

In roof coatings, resins are mixed, which transforms into an elastomeric and durable film when applied to walls. This offers a unique waterproofing property that enables these coating to cover all the membrane seams and cracks. Some of the commonly used roof coatings in buildings are polyurethane coatings, acrylic coatings, silicone coatings, and asphalt coatings, among others.

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Key Companies in the market include: Sherwin-Williams, Valspar Corporation, PPG Industries, AkzoNobel NV, Nippon Paint Co. Ltd., RPM International Inc., The Dow Chemical Company, Fletcher Insulation, BASF SE, Hempel A/S, Owens Corning, GAF, Heritage Roofing, and Lloyd Insulations, among others.

Some Key Highlights in the Report

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Resin type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2019-2030)

Roof Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2019-2030)

Technology Outlook (Volume, Kilo Tons and Revenue, USD Million; 2019-2030)

Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2019-2030)

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Some Key Developments in the Market:

The COVID-19 pandemic won’t impact productivity for the industry. The key market leaders are uncertain about the industry’s prospects and are searching for solutions to this problem. Most hospitals influenced their pandemic programs and other projects greatly. There is no money for stopping the usual lockout in different parts of the world. COVID-19 has contributed to a significant decline in domestic demand for goods, exports, and imports. The world’s biggest companies prefer to cut their budgets for building cash reserves. True efficiency levels would inevitably lead to new ways for workers and businesses to satisfy customer demand at a much lower cost.

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Key questions covered in the global Roof Coatings market report:

What is the expected market size of the global Roof Coatings market during the forecast period? What factors are expected to hamper global Roof Coatings market growth over the forecast period? What key factors are expected to drive global revenue growth between Forecast Period? Which application segment is expected to dominate other application segments over the forecast period? Which region is expected to dominate in terms of revenue during the forecast period? What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis? Which leading players are operating in the global Roof Coatings market?

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