Coatings for Commercial and Residential Roofing Market

COVID-19 Impact analysis

• COVID-19 has had a negative impact on the coatings for commercial and residential roofing market in the construction industry. 
• The market for building materials has decreased as the number of COVID-19 instances has increased. Several roofing manufacturing firms have faced several obstacles in selling roofing material products.
• Government shutdowns in the construction industry have resulted in a drop in global demand for roofing. COVID-19 has reduced demand in the construction sector, resulting in low roofing product manufacturing.

Top Impacting Factors

The development of green roofing technologies and rising expenses of air conditioning and heating systems are driving the international market for commercial and residential roofing. Because roofing is used in a variety of industries besides commercial and residential, the global market is expected to become strong as construction activities increase. The construction industry is a significant end-user of roofing materials. The growing population base in emerging economies such as Saudi Arabia, China, Costa Rica, and Egypt have built a solid platform for market expansion. The global commercial and residential roofing industry offers a wide range of roof coatings, including thermal polyolefin (TPO), polyvinyl chloride (PVC), modified bitumen, and ethylene propylene diene monomer (EPDM). The global market can be split into polymer, polymer modified, reflective, and bituminous depending on the type of product. The high cost of innovation and installation of roofing systems is predicted to slow the growth of the international commercial and residential sector. However, advancements in roofing material technology, such as solar roofing systems, are expected to generate lucrative prospects in the global market.

Market Trends

• Royal Building Products, a subsidiary of Westlake Chemical Corporation, has purchased DaVinci Roofscapes, a composite roofing and siding manufacturer. DaVinci has a strong reputation for providing exceptional technology, product quality, and operational excellence to fulfil the needs of its customers. Royal Building Products will benefit greatly from the inclusion of DaVinci in the composite roofing market.
• StarRFoam, based in Arlington, Texas, has been bought by Atlas® Roofing Corporation. With manufacturing sites in Texas and Arizona, StarRFoam is a leading manufacturer of molded polystyrene solutions. The acquisition of StarRFoam by Atlas Roofing Corporation provides significant regional expansion, a well-matched product line, and an unrelenting commitment to quality. 

Key Benefits of the Report

• This study presents the analytical depiction of the coatings for commercial and residential roofing industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Coatings for commercial and residential roofing market share.
• The current market is quantitatively analyzed  to highlight the coatings for commercial and residential roofing market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed Coatings for commercial and residential roofing market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the coatings for commercial and residential roofing Report

• Who are the leading market players active in the coatings for commercial and residential roofing market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?