The goal of coatings for commercial and residential roofing is to improve the performance and longevity of roof. Roof coatings are meant to be applied directly to the current roof surface by spray or roll application. This innovative coating protects the building from leaks because of its monolithic structure, self-adhering qualities, and flashing capabilities. The type of roof substrates available on the market also influences how roof coatings are applied. The global commercial and residential roofing industry have grown in popularity as a result of non-residential building as a prominent application sector and the widely used bituminous roofing product. The construction sector has been a significant contributor to the need for various types of roofing due to expanding worldwide disposable income and increased infrastructure development of educational institutions, health facilities, recreational facilities, and commercial buildings.
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?
Key Market Segments
- By Type
- Solvent Based Coatings
- Water Based Coatings
- By Application
- Residential
- Commercial
- Public Infrastructure
- Industrial Facilities
- By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Gaf Materials,
- Decra Roofing Systems,
- Firestone Building Products Co.,
- Carlisle Companies Inc.,
- Gardner-Gibson Inc.,
- Llc,
- Trumbell Owens Corning Roofing and Asphalt Llc
- Atlas Roofing,
- MonierLifetile LLC,
- Boral Roofing,
- BASF,
- Duro-Last Inc.,
- Crowe Building Products Ltd.,
- Carlisle Construction Materials,
- DaVinci Roofscapes,
- Davlin Coatings Inc.,
- Certainteed Corp.,