Global Liquid Roofing Market, By Type (Polyurethane Coatings, Acrylic Coatings, PU/Acrylic Hybrids, Bituminous Coatings, Silicone Coatings, Modified Silane Polymers, EPDM Rubbers, Elastomeric Membranes, Cementitious Membranes, Epoxy Coatings), End User (Residential Buildings, Commercial Buildings, Public Infrastructure, Industrial/Institutional), Application (Flat Roofed, Pitched Roof, Domed Roofs and Other Applications) - Industry Trends and Forecast to 2023 to 2030.
Liquid Roofing Market Analysis and Size
The essential factors contributing to the growth of the liquid roofing market in the forecast period of 2023 to 2030 include prevailing government policies for advancing infrastructure, increasing energy demand-efficient buildings, and increasing awareness about the cost-effectiveness of liquid roofing. In addition, the increasing environmental concerns, increasing usage of cool rooftops, and growth in usage of 2K polyurethane liquid roofing systems are significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the liquid roofing market which was USD 3.87 billion in 2022, is expected to reach USD 6.58 billion by 2030, growing at a CAGR of 6. 86% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Liquid Roofing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyurethane Coatings, Acrylic Coatings, PU/Acrylic Hybrids, Bituminous Coatings, Silicone Coatings, Modified Silane Polymers, EPDM Rubbers, Elastomeric Membranes, Cementitious Membranes, Epoxy Coatings), End User (Residential Buildings, Commercial Buildings, Public Infrastructure, Industrial/Institutional), Application (Flat Roofed, Pitched Roof, Domed Roofs and Other Applications)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Sika AG (Switzerland), BASF SE (Germany), Dow (U.S.), 3M (U.S.), Saint-Gobain Group (France), Henkel Henkel AG & Co. KGAA (Germany), Akzo Nobel N.V. (Netherlands), KRATON CORPORATION (U.S.), GAF. (U.S.), ALT Global LLC (U.S.), KEMPEROL (U.S.), Johns Manville. (U.S.), National Coatings Corporation. (U.S.), MARIS POLYMERS S.M.S.A (Greece), Polyroof Products Ltd (U.K.), KM COATINGS. (U.S.), Apollo Roofing Solutions (U.K.), John Flowers Ltd. (U.K.), Proctor Enterprises, Inc (U.S.), Widopan Produkte GmbH (Germany)
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Market Opportunities
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Market Definition
Liquid roofing refers to the process of waterproofing a roof with the usage of liquid roof coating. Liquid roofing is also used for lopsided spots, knocks, and any coverings on the roof surface. The liquid roofing process is considered very reliable, has less cost for maintenance, and is more durable in comparison with other waterproofing frameworks. Along with this liquid roofing is a climate-friendly option that is widely preferred by people.
Global Liquid Roofing Market Dynamics
Drivers
- Growing demand for liquid-applied coatings and mesh membranes
The two major components of liquid roofing systems are liquid-applied coatings and mesh membranes which possess a wide range of properties. In addition to their waterproofing capability, they offer several qualities that can cater to several needs due to which it is widely opted by people. Liquid-applied coatings and mesh membranes are fire resistant, the chemical composition of both can easily survive the sun's tremendous heat which is a major factor driving the market’s growth.
- Increased focus on advancing infrastructural growth
The construction sector is significantly growing in the developing economies which is further leading to rising residential development. Government investments are increasing in commercial buildings for the development of infrastructure in numerous countries which increases the demand for liquid roofing owing to its qualities. Consequently, the rapid development of infrastructure-related activities in advanced and emerging nations will create several opportunities that will drive the market’s growth.
Opportunities
- Growing demand of energy-efficient buildings
The mounting demand for energy-efficient buildings is boosting the growth of the liquid roofing market’s growth. Energy-efficient building demand is increasing as they deliver a substantial reduction in the energy required for heating and cooling, irrespective of the energy source. Liquid roofing compromises energy-efficient buildings with higher waterproofing, and sustainability which results in low cost and low energy in buildings. Therefore, the increasing demand for energy-efficient buildings is driving the market’s growth.
- Advancements in technology
The liquid roofing sector is experiencing significant technological developments, and new materials and products are being technologically advanced to meet the rising demand for energy-efficient and ecological roofing solutions. Various components and materials are developed through research and development which are environment-friendly, efficient, and of high quality catering to the requirement of several consumers. Therefore, various technological advancements are increasing the demand for liquid roofing.
Restraints/Challenges
- Non-uniform application
The non-uniform liquid roofing is a major concern. The final look after liquid roofing may not be very appealing. Handling the process of liquid roofing requires specialists for a satisfying outcome and uniform application, thus, the presence of less number of specialists further decreases the demand for liquid roofing. Along with this, it is durable but it may have the issue of wear and tear. Therefore, the non-uniform application of liquid roofing is a major restraint hindering the market’s growth.
- Liquid roofing gets slippery over time
Liquid roofing gets slippery over time due to its water-resistant property, which makes it lifeless. The roofs place a burden on the base of the building and mandate a better depth of the roofing and the slippery nature can create serious problems. Therefore, the roofs should be changed carefully, according to their type and slipperiness. Therefore, the slippery nature of liquid roofing is a major challenge hindering the market’s growth.
This liquid roofing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the liquid roofing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In January 2023, Sika AG and INEOS Enterprises signed a contract for INEOS Enterprises to purchase MBCC Group's admixtures business in the United States, Canada, Europe, and the United Kingdom (Disposal Perimeter) and its complete activities in Australia and New Zealand. The disposal is essential for Sika's remediation process for attaining MBCC Group.
- In December 2022, Sika AG is opening a new plant for producing liquid membranes and mortar in Chongqing, a 30- million-person city in southwestern China. By authorizing the new factory, Sika is strengthening its position in this fast-expanding urban area. It is expected to become even more important as China creates the Chengdu Chongqing commercial district with about one million inhabitants.
Global Liquid Roofing Market Scope
The liquid roofing market is segmented on the basis of type, end user and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyurethane Coatings
- Acrylic Coatings
- PU/Acrylic Hybrids
- Bituminous Coatings
- Silicone Coatings
- Modified Silane Polymers
- EPDM Rubbers
- Elastomeric Membranes
- Cementitious Membranes
- Epoxy Coatings
End User
- Residential Buildings
- Commercial Buildings
- Public Infrastructure
- Industrial/Institutional
Application
- Flat Roofed
- Pitched Roof
- Domed Roofs
- Other Applications
Global Liquid Roofing Market Regional Analysis/Insights
The liquid roofing market is analysed and market size insights and trends are provided by type, end user and application as referenced above.
The countries covered in the liquid roofing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia- Pacific dominates the liquid roofing market due to improvement in the standard of living of people in the region and the growing construction activities and mounting awareness of eco-friendly roofing solutions is driving the market’s growth in the region.
Europe is expected to grow during the forecast period of 2023 to 2030 due to expanding of legal lending to consumers, growing construction activity in Europe, and growth in single-family homes, which are the major factor contributing to the liquid roofing market’s growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Liquid Roofing Market Share Analysis
The liquid roofing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid roofing market.
Some of the major players operating in the liquid roofing market are:
- Sika AG (Switzerland)
- BASF SE (Germany)
- Dow (U.S.)
- 3M (U.S.)
- Saint-Gobain Group (France)
- Henkel AG & Co. KGAA (Germany)
- Akzo Nobel N.V. (Netherlands)
- KRATON CORPORATION (U.S.)
- GAF. (U.S.)
- ALT Global LLC (U.S.)
- KEMPEROL (U.S.)
- Johns Manville. (U.S.)
- National Coatings Corporation. (U.S.)
- MARIS POLYMERS S.M.S.A (Greece)
- Polyroof Products Ltd (U.K.)
- KM COATINGS. (U.S.)
- Apollo Roofing Solutions (U.K.)
- John Flowers Ltd. (U.K.)
- Proctor Enterprises, Inc (U.S.)
- Widopan Produkte GmbH (Germany)
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