Roof Coating Market - Forecast (2023 - 2028)

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Roof Coating Market size is expected to be valued at US$1.6 billion by the end of the year 2026 and is set to grow at a CAGR of 3.8% during the forecast period 2021-2026.

Roof Coating Market Overview

Roof Coating Market size is expected to be valued at US$1.6 billion by the end of the year 2026 and is set to grow at a CAGR of 3.8% during the forecast period 2021-2026. The growing demand for environmental-friendly, renewable and sustainable solutions for roofing system in the recent days is one of the significant factors driving the demand for roof coating market. The rising environmental awareness coupled with the government frameworks regarding greenhouse gas (GHG) emission is also driving the need for a sustainable and eco-friendly roofing system which in turn is increasing the demand for roof coating market. Various types of coating such as urethane roofing, asphaltic coating and others help in providing flexibility, durability, resistance to corrosion and others. This is increasing the demand for roof coating systems from many key-use industries. Products such as roofing emulsion (painting emulsion containing fillers which provides waterproof coatings) and corrugated roof paint for corrugated metal roofing are also in high demand owing to the various government standards and regulations regarding roofing system. This is one of the significant factors driving the demand for the roof coating market.

COVID-19 impact

During the Covid-19 pandemic, the growth of the roof coating market was hugely affected owing to the various restrictions and lawful actions taken against trade activities in various countries across the globe. The covid-19 pandemic affected the roof coating market in terms of sharp decline in demand, restrictions in supply-chain, rules and regulations in procuring raw materials, decline in manpower and others. The impact of covid-19 on roof coating market is still affecting the market, as the roof coating market is witnessing a slow growth even after the pandemic. The roof coating market is however set to improve by the end of the year 2021.

Report Coverage

The report: “Roof Coating Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Roof Coating Industry.

By Coating Type: Water-Based and Solvent-Based.
By Material Type: Plastic & Elastomeric, Bituminous, Tiles, Acrylic, Epoxy, Silicone, Metal, Asphalt, Concrete and Others.
By Roof Type: Flat Roof, Low-Steeped, Steep Roof and Others.
By Application: Residential Construction, Commercial Construction, Industrial Construction and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

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Key Takeaways

Asia-Pacific market held the largest share in the roof coating market owing to growing population coupled with cheap construction labour in countries like India, China and Japan.
The increasing demand for eco-friendly and sustainable building structures such as urethane roofing and asphaltic coating is one of the significant factors driving the demand for roof coating market.
The surge in the activities of the construction industry is majorly driving the roof coating market.
Amid the Covid-19 pandemic, the roof coating market witnessed a major downfall due to the various restrictions laid down by countries across the globe.

FIGURE: Roof Coatings Market Revenue. 2020-2026 (US$ Billion)

Roof Coating Market

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Roof Coating Market Segment Analysis – By Coating Type

Water based coating segment held the largest share in the roof coating market in the year 2020. The various advantages provided by water-based coating s