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The global roof coatings market was valued at US$ 3.32 Billion in 2021.
We expect the global roof coatings market to exhibit a CAGR of 3.60% during 2022-2027.
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
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