The global liquid roofing market is set to chart high growth over the coming few years, owing to stead CAGR (Compound Annual Growth Rate), which is attributable to a number of factors. Some of the factors include rapid urbanization and need to have energy efficient buildings. With government support extended to this kind of roofing, coupled with very high projections of increase in construction volumes, the market would not just grow but also it will create lucrative growth opportunities for the market players.
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In terms of construction volumes that the world is set o witness, it would be to the tune of 85% increase. And, this would translate to a hefty USD 15.5 trillion. And, it is also worth noting here that out of this growth, 57% will be dominated by three countries only – India, China and Japan.
And, the fact that liquid roofing only costs about 30% of traditional alternatives, greatly works in the market’s favor. To add, to it, there are benefits that are hard to ignore. For instance, it brings water resistance and energy efficiency to the roof. Besides, it provides this protection and more for over 20 years which is huge in terms of costs. LEED, Energy Stars and ASTM Sustainability add to the popularity further. It is pertinent to note here that the global liquid roofing market is fragmented and prominent players in the market landscape include Parker Hannifin, Indium Corporation, Bergquist Company, AkzoNobel N.V., 3M, Saint-Gobain, Dow Chemical, and Badische Anilin und Soda Fabrik (BASF). And, these players are investing in research and development in order to ensure firm grasp over the market share. Thus, technological development and innovation are a crucial part of the strategy used by these players. And, then of course, other than product development, there is diversifying product portfolio to cater to diverse needs.
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