Understanding Global Liquid Roofing Market

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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Liquid Roofing Market to receive Attractive Impetus from Green Roof Projects

Liquid roofing system has emerged as one of the most cost-effective methods for waterproofing in new as well as refurbished roofs. Liquid roofing systems have risen in popularity in the commercial sector for waterproofing existing roofing material in new build, complex roofs. Additionally, they are versatile in application. They are used in refurbishment projects where access can be a key challenge. The use of liquid roofing systems has gained traction in new commercial projects with complex detailing.

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Growing Numbers of Refurbishment Projects in Developing Regions bolster Uptake

Advances in synthetic liquid membrane technologies over the past several years has increasingly influenced the chemistries of materials used in liquid roofing systems. Elastomeric membranes have undergone substantial advancements. Their extensive use in new builds has fueled the liquid roofing market. The advent of flexible, tear-resistant, and durable elastomeric membranes has resulted in long-term waterproofing protection.

The growing demand for liquid-applied systems for roof refurbishment in developing economies is a key factor propelling the liquid roofing market. Rapid strides by the construction industries, on the account of both new projects and refurbishing, are expanding the revenue generating potential. Further, with contractors and clients worried about the long-term future of residential buildings, liquid roofing systems can be a game changer.

In recent years, green roofs have gathered much steam in the residential sector in developing and developed regions. In particular, liquid roofing systems that are free of odor and solvents, and are fume-free open promising potential for waterproofing protection for inverted roofs. For instance, liquid roofing system helps architects apply the method with a negligible VOC content. This is paving way to innovative materials in the liquid roofing market.

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On the regional front, Asia Pacific is rising at prominent pace, mainly fueled by the rapid pace of urbanization. Rapidly rising use of liquid roofing systems in new builds is key to the growth.

Expanding Construction Sector Boon for Liquid Roofing Market

San Francisco, California, October 17, 2017: Among the various factors enabling growth in the global liquid roofing market, the rising demand for energy-efficient building is potentially the most crucial. Considering the pace of urbanization witnessed across emerging nations such as India and China, the demand for liquid roofing is projected to spur further in the coming years. Cost-effectiveness offered by liquid-roofing will act in the market’s favor as well. TMR Research in a report, titled “Liquid Roofing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” has offered the market’s comprehensive overview. The report covers myriad factors influencing the market’s trajectory and highlights prevent trends affecting the current market dynamics.

The report is intended at enabling stakeholders gain exhaustive information on the market’s investment feasibility. It also provides a 360 degree overview, helping readers become well-informed about the various facets of the global liquid roofing market. Despite showcasing significant growth potential, high cost of elastomeric membranes has remained a key challenge for the market. Nevertheless, and increasing number of companies are likely to gain from favorable government policies aimed at advancing infrastructure. Besides this, the rising demand for water management activities in Asia Pacific will enable the liquid roofing market gain pace in the coming years.

An increasing number of property owners are opting for advanced reroofing systems to prevent chances of roof tear-off and refrain high replacement costs, which may occur in the long run. Liquid roofing costs nearly 30% of what could incur on roof replacement. In addition, it offers protection of more than 20 years besides several other benefits such as sustaining energy efficiency and waterproofing. The global liquid roofing market is expected to leverage the demand spurred by increasing applications of various coatings such as silicon. Also the market is likely to gain from the increased application of elastomeric membranes.

For the purpose of the study, the report has segmented the global liquid roofing market based on type and applications. Besides this, a thorough study of the regions offering the most lucrative prospects is carried out as well. According to the report, Asia Pacific is expected to remain at the forefront for the most part of the forecast period. The strong residential sector will prove a powerful booster of the liquid roofing market in Asia Pacific. In addition to this, the rising demand from emerging nations such as Indonesia, Turkey, India, and Brazil will give further impetus to the market. Considering the urbanization witnessed across emerging nations, growth will most likely be robust for the liquid roofing market in Asia Pacific. Also the regional market is expected to pick pace in response to the rising construction activities.

Besides this, competition among leading companies is expected to boost the global liquid roofing market in the forthcoming years. In order to remain competitive, the prominent market players are adopting decisive growth strategies such as collaborating with potentially large companies and investing on the development of novel products. The report compiles a detailed discussion on the strategies adopted by some of the prominent market players and the effect of the same on the overall liquid roofing market. The report also profiles some of the market players such as Bergquist Company, Parker Hannifin, 3M, Indium Corporation, Dow Chemical, Saint-Gobain, AkzoNobel N.V., and Badische Anilin und Soda Fabrik (BASF). This is intended to present insight into the competitive trends prevailing in the global liquid roofing market.

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