The liquid roofing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Roofing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquid roofing market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to commercial real estate expansion, industrial infrastructure, energy efficiency, sustainability initiatives, residential roofing.
The liquid roofing market size is expected to see strong growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to net-zero building goals, cool roof regulations, aging population facilities, climate change resilience, industrial chemicals. Major trends in the forecast period include smart roofing solutions, solar roof integration, waterproofing technology, rainwater harvesting, sustainable roofing solutions.
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Scope Of Liquid Roofing Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Roofing Market Overview
Market Drivers –
The growing demand for energy-efficient buildings is driving the growth of the liquid roofing market. Energy-efficient buildings are buildings that are intended to provide a considerable reduction in the energy required for heating and cooling, regardless of the energy source or equipment used to heat or cool the structure. Due to robust urbanization and global warming, the demand for energy-efficient buildings is increasing. Liquid roofing offers energy-efficient buildings with superior waterproofing, sustainability, and renewability resulting in low cost and low energy usage in buildings. The need for liquid roofing will be created in response to the growing demand for energy-efficient buildings as liquid roofing is an essential part of these buildings. For instance, according to the facts and stats by the Energy Star, a program run by the U.S. Environmental Protection Agency and the U.S. Department of Energy, over 6,100 commercial buildings received the ENERGY STAR in 2021, saving $1.6 billion and averting over 4.6 million metric tons of CO2 (greenhouse gas) emissions. Furthermore, according to the UK Ministry of Housing, in the 12 months leading up to June 2021, 251,000 EPCs (energy performance certificates) for new build homes were submitted, up 16% from the previous year. As a result, 85% of new homes in England and Wales now fall into the most energy-efficient categories with an A or B energy rating. This indicates a growth in the supply of green homes/energy-efficient homes. Therefore, the rising demand for energy-efficient buildings will increase the demand for liquid roofing and hence drives the growth of the liquid roofing market.
Market Trends –
The new product launch is a key trend gaining popularity in the liquid roofing market. New product development and launches are done to offer improved solutions with additional features such as superior anti-corrosion and long-lasting performance. Companies are launching new products to fulfill the demand of the market and capture additional business. For instance, in January 2021, Mallard Creek Polymers, a US-based manufacturer and supplier of styrene acrylic emulsion polymers to the elastomeric roof coatings industry launched a product named Rovene 6120, an all-acrylic emulsion polymer for highly durable elastomeric roof coatings complying with ASTM D 6083 standards. Rovene 6120 is certified by a third party to meet or exceed ASTM D6083, the Standard Specification for Liquid Applied Acrylic Coating Used in Roofing. The new product offers excellent waterproofing performance.
The liquid roofing market covered in this report is segmented –
1) By Type: Polyurethane Coatings, Acrylic Coatings, PU/Acrylic Hybrids, Bituminous Coatings, Silicone Coatings, Modified Silane Polymer, EPDM Rubbers, Elastomeric Membranes, Cementitious Membranes, Epoxy Coatings
2) By Application: Flat Roof, Pitched Roof, Domed Roof, Other Applications
3) By End-Use: Residential Buildings, Industrial Facilities, Commercial Buildings, Public Infrastructure
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Regional Insights –
Asia-Pacific was the largest region in the liquid roofing market in 2023. The regions covered in the liquid roofing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the liquid roofing market include AkzoNobel N.V., BASF SE, GAF Materials Corporation, The Dow Chemical Company, 3M Company, SubCom LLC, Alcatel Submarine Networks, NEC Corporation, Prysmian Group, Xtera Communications Inc., Hengtong Group Co. Ltd., Huawei Marine Networks Co. Ltd., Nexans S.A., Ciena Corporation, Infinera Corporation, Corning Incorporated, Options Clearing Corporation, Global Marine Group, LS Cable & System Ltd., Fujitsu Limited, Sumitomo Electric Industries Ltd., RTI Connectivity Pte. Ltd., Aqua Comms Limited, Hawaiki Submarine Cable LP, Seaborn Networks Inc., Facebook Connectivity, Southern Cross Cable Network, Vocus Group Limited, Pacific Century CyberWorks Limited, MainOne Cable Company Limited, Angola Cables S.A., Seacom Limited, Telxius Telecom S.A., E-Marine PJSC
Table of Contents
- Executive Summary
- Liquid Roofing Market Report Structure
- Liquid Roofing Market Trends And Strategies
- Liquid Roofing Market – Macro Economic Scenario
- Liquid Roofing Market Size And Growth
…..
- Liquid Roofing Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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