Dublin, May 07, 2025 (GLOBE NEWSWIRE) -- The "Roof Coating Market by Coating Type (Bituminous, Acrylic, Silicone, Epoxy, Polyurethane), Roof Type (Flat, Low-Sloped, Steep-Sloped, and Roof Types Others), Solution Technology (Water-Based, and Solvent-Based), End-Use Sector - Global Forecast to 2029" has been added to ResearchAndMarkets.com's offering.
The roof coating market is on a growth trajectory, with projections indicating an expansion from USD 8.72 billion in 2024 to USD 10.16 billion by 2029, witnessing a CAGR of 3.1%. This growth is fueled by the increasing demand for energy-efficient solutions and significant construction activities in developing markets. The burgeoning renovation market further provides substantial opportunities for market growth.
Bituminous Coatings as a Key Market Segment
Bituminous roof coatings are poised to become the second-largest segment due to their superior waterproofing and durability qualities. Predominantly utilized on flat and low-sloped roofs across industrial, commercial, and residential buildings, the demand particularly increases with infrastructural advancements, especially in developing regions like India and Brazil. Additionally, their effectiveness in extreme temperatures is enhanced with modified variants, increasing their market appeal.
Significance of Low-Sloped Roofs
Low-sloped roofs remain a notable segment, offering practical and cost-effective solutions to common roofing problems such as leaks and water pooling. These roofs, typically used in industrial and commercial buildings, are also gaining traction in residential developments due to their ease of construction and maintenance affordability.
Dominance of Water-based Coatings
Water-based solutions emerge as the largest segment in solution technology within the roof coating market. Their eco-friendly nature and ease of application make them highly sought after. These coatings provide robust protection, excellent adhesion, flexibility, and UV resistance, enabling roofs to endure harsh weather conditions while prioritizing worker safety and environmental welfare.
Europe's Market Share and Trends
Europe accounts for the second-largest market share, driven by stringent building codes and rising demand for eco-friendly construction materials. The continent's diverse climate necessitates durable and weather-resistant roofing solutions, with countries like Germany, France, and the UK actively integrating cool roof coatings to promote energy conservation and sustainable architecture.
Competitive landscape
Prominent companies shaping the roof coating market include PPG Industries, Inc. (US), Sika AG (Switzerland), The Sherwin-Williams Company (US), AkzoNobel N.V. (The Netherlands), and Nippon Paint Holdings Co., Ltd. (Japan). This report delivers a comprehensive analysis of these industry players, their strategic market positioning, recent innovations, and the competitive landscape.
The report provides insights on the following pointers:
- Key market drivers (e.g., rising investments in construction activities), restraints (e.g., high cost of advanced coatings), opportunities (e.g., increasing demand in emerging markets), and challenges (e.g., unpredictability of raw material prices).
- Product Development/Innovation: Insights on cutting-edge technologies, R&D endeavors, and new product launches.
- Market Development: Identification of high-growth regions and markets.
- Market Diversification: Analysis of new product/service opportunities, geographical expansions, and investment trends.
- Competitive Assessment: Evaluations of market shares, growth strategies, and service offerings by leading entities such as PPG Industries, Inc., Sika AG, The Sherwin-Williams Company, AkzoNobel N.V., and Nippon Paint Holdings Co., Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 282 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $8.72 Billion |
| Forecasted Market Value (USD) by 2029 | $10.16 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Rising Investments in Construction Activities
- Expansion of Housing Markets
- Rising Concerns Over Environmental Sustainability
- Focus on Energy Efficiency
Challenges
- Unpredictability of Raw Material Prices
- Compliance with Strict Environmental Regulations
Opportunities
- Increasing Demand for Roof Coatings from Emerging Markets
- Growing Focus on Retrofitting and Renovating
Case Studies
- Roof Refurbishment of Bitexco Financial Tower, Ho Chi Minh City, Vietnam
- Roof Waterproofing and Heat Regulation for Semi-Detached Home in Tanah Merah Besar Lane, Singapore
- Combating Urban Heat Islands with High-Performance Elastomeric Roof Coatings
Industry Trends
- Market Trends/Disruptions Impacting Customer Business
Company Profiles
- Akzo Nobel N.V.
- The Sherwin-Williams Company
- Ppg Industries Inc.
- Rpm International Inc.
- Sika AG
- Nippon Paint Holdings Co. Ltd.
- H.B. Fuller Company
- Asian Paints
- Kansai Paint Co. Ltd.
- Arkema Group
- Hempel A/S
- Siplast, Inc.
- Polyglass U.SA Inc.
- Gaf Inc.
- Gardner-Gibson, Inc.
- Anvil Paints & Coatings, Inc.
- The Lubrizol Corporation
- Armor Coat Roof Coatings
- Duro-Last Inc.
- Karnak Corporation
- Johns Manville
- Saint-Gobain Weber
- Florida Paints
- Henry Company
- Icp Group
- Gaco
For more information about this report visit https://www.researchandmarkets.com/r/1xf66i
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