San Francisco, California, July 26, 2017 : With escalating population across the world, the housing requirement is escalating, and with that, the construction industry is flourishing and incrementing the demand for roofing coatings that significantly increment the lifespan, according to a recent study by TMR Research. The report, titled “Roofing Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” has been prepared by a group of professional market research analysts, aspiring to serve as a credible business document for specific audiences such as the manufacturers of roofing materials, manufacturers of tiles, roofing metals, and membranes, traders and distributors of roofing materials, and government and regional agencies. The report provides all-inclusive assessment of major factors that will impact the demand for roofing coatings in the near future, estimates the scenario until 2025, segments the market into smaller aspects, and profiles a number leading companies in order to represent the competitive landscape as well as their recent strategic decisions.
Reduction in energy consumption and favorable regulations are some of the key factors driving the global roofing coatings market, whereas the limitations of cool roof coatings is expected to challenge the market from attaining its true potential. Based on product type, the market for roofing coatings can be segmented into bituminous, elastomeric, tiles, metal, and other, whereas technology-wise, the market can be categorized into water-based and solvent based. Application-wise, the market for roofing coatings can be bifurcated into residential, commercial, healthcare, hospitality, education, and others. Based on roof-type, the market can be classified into low sloped, steep sloped, and others. Airless sprayers and brushers and rollers are some of the common equipment used by the vendors of roofing coatings market.
Geographically, the report takes stock of the potential of roofing coatings market in all important regions such as Asia Pacific, North America, Europe, South America, Latin America, and the Middle East and Africa. In the market in current scenario, North America accounts for the maximum demand, recovering well since the economic slowdown. Asia Pacific is also expected to increment the demand for roofing coatings at a healthy rate in the near future, gaining increment demand from the vastly populated emerging economies of India and China.
In the present scenario, the global roofing coatings market is divided among a few leafing companies, including Sherwin-Williams, The Dow Chemical Company, Valspar, Nippon Paints, Sika Sarnafil, Excel Coatings, Monarch Industries, Nutech Paints, and GAF Materials. Product innovation, particularly those who comply with the environment regulations, is the primary mode for these vendors to gain ground over their competitors.