Roof Coatings Market Report by Roof Type (Low Sloped Roof, Steep Sloped Roof, and Others), Material (Elastomeric, Bituminous, Acrylic, Epoxy, Silicone, and Others), Technology (Water-based, Solvent-based), End User (Residential, Commercial, Hospitality, Healthcare, and Others), and Region 2024-2032

Roof Coatings Market Report by Roof Type (Low Sloped Roof, Steep Sloped Roof, and Others), Material (Elastomeric, Bituminous, Acrylic, Epoxy, Silicone, and Others), Technology (Water-based, Solvent-based), End User (Residential, Commercial, Hospitality, Healthcare, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5334
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Market Overview:

The global roof coatings market size reached US$ 3.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 3.6 Billion
Market Forecast in 2032
US$ 4.6 Billion
Market Growth Rate (2024-2032) 2.8%


Roof coatings refer to monolithic, elastomeric, fluid applied roofing membranes that are widely installed for eliminating damages caused by water, heat and ultraviolet (UV) radiations. At present, they are commercially available in varying types, such as acrylic, elastomeric, silicone, plastic and cool. These coatings aid in reducing the risk of roof leaks, ensuring thermal stability, and maintaining the temperature of the structure, thereby extending the shelf life of the roof. On account of these properties, roof coatings find extensive applications across various sectors.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Roof Coatings Market Trends:

One of the key factors driving the market growth is the widespread adoption of roof coatings across the residential, commercial, healthcare, hospitality, and public sectors, for eradicating damage caused by heavy rains and heat. In line with this, the favorable initiatives undertaken by the government bodies of various countries for promoting the usage of green coatings in infrastructures for mitigating greenhouse gas (GHG) emissions are catalyzing the market growth. This is further supported by the increasing consumer consciousness regarding the sustainable properties of these roof coatings that consume lesser energy as compared to their conventional counterparts, which is acting as another major growth-inducing factor. Moreover, the rising commercial building activities across the globe, along with escalating population and evolving lifestyle is, providing an impetus to the market growth. The extensive utilization of volatile organic compounds (VOCs) in the paint roof coatings for the protection from weathering, chemical reaction, ageing and oxidation is considerably contributing to the market growth. Other factors, such as strategic collaborations between top players and the increasing investments in the research and development (R&D) activities for introducing advanced coatings materials to protect from the torrid heat, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global roof coatings market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on roof type, material, technology, and end user.

Breakup by Roof Type:

  • Low Sloped Roof
  • Steep Sloped Roof
  • Others
     

Breakup by Material:

  • Elastomeric
  • Bituminous
  • Acrylic
  • Epoxy
  • Silicone
  • Others
     

Breakup by Technology:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Water-based
  • Solvent-based
     

Breakup by End User:

  • Residential
  • Commercial
  • Hospitality
  • Healthcare
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., BASF SE, Covestro AG, Dow Inc., Hempel A/S, Huntsman International LLC, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company and Wacker Chemie AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Roof Type, Material, Technology, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akzo Nobel N.V., BASF SE, Covestro AG, Dow Inc., Hempel A/S, Huntsman International LLC, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company and Wacker Chemie AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global roof coatings market was valued at US$ 3.6 Billion in 2023.

We expect the global roof coatings market to exhibit a CAGR of 2.8% during 2024-2032.

The growing popularity of roof coatings across the residential, commercial, and hospitality sectors to ensure thermal stability, maintain the temperature of the structure, and extend the shelf-life of the roof is primarily driving the global roof coatings market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for roof coating materials.

Based on the roof type, the global roof coatings market has been divided into low sloped roof, steep sloped roof, and others. Currently, low sloped roof exhibits a clear dominance in the market.

Based on the material, the global roof coatings market can be categorized into elastomeric, bituminous, acrylic, epoxy, silicone, and others. Among these, elastomeric currently holds the majority of the global market share.

Based on the technology, the global roof coatings market has been segmented into water-based and solvent-based. Currently, water-based technology represents the largest market share.

Based on the end user, the global roof coatings market can be bifurcated into residential,
commercial, hospitality, healthcare, and others. Among these, the commercial sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global roof coatings market include Akzo Nobel N.V., BASF SE, Covestro AG, Dow Inc., Hempel A/S, Huntsman International LLC, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company, and Wacker Chemie AG.

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Roof Coatings Market Report by Roof Type (Low Sloped Roof, Steep Sloped Roof, and Others), Material (Elastomeric, Bituminous, Acrylic, Epoxy, Silicone, and Others), Technology (Water-based, Solvent-based), End User (Residential, Commercial, Hospitality, Healthcare, and Others), and Region 2024-2032
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