Roofing Coatings Market Growth Accelerated by Increased Demand for Protective

Sneha

Roofing Coatings Market Growth Accelerated by Increased Demand for Protective

Roofing coatings are widely applied on rooftops to protect buildings from extreme weather conditions such as rain, heat, snow, and UV radiation. Roof coatings provide a waterproof barrier and reflect heat and sunlight away from rooftops, thereby maintaining the integrity and durability of rooftop structures. The global Roofing Coatings Market is estimated to be valued at US$ 3.62 Bn in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased demand for protective and weather resistant buildings has been a major factor accelerating the growth of the roofing coatings market. Roof coatings provide crucial protection to building structures from external damage caused by weathering, UV radiation, and extreme climatic conditions. They significantly increase the lifespan of rooftops by preventing premature wear and tear. Various advancements in roof coating technologies have enhanced the aesthetic appeal, self-cleaning, and solar reflective properties of coatings. This has increased their adoption in residential as well as commercial applications such as warehouses, manufacturing facilities, and retail outlets that have large rooftop areas and require protection from harsh outdoor elements.

Segment Analysis

The global roofing coatings market is dominated by the acrylic segment. Acrylic roof coatings are easy to apply and durable, making them the preferred choice for residential and commercial roof coatings. Acrylic roof coatings provide an elastomeric and waterproof protective layer that prevents leaks and cracking, thereby shielding roofs from damage caused by UV radiation, rain, snow and other environmental factors. Their flexibility and resilience allows acrylic coatings to expand and contract with roof surfaces throughout daily temperature fluctuations without cracking or peeling.

Key Takeaways

The Global Roofing Coatings Market Growth is expected to witness high over the forecast period of 2023 to 2030.

Regional analysis: North America currently dominates the global roofing coatings market owing to large-scale construction activities in the region. The United States holds the major share of the market in the region. However, Asia Pacific is expected to be the fastest growing regional market owing to growing construction spending, rising urbanization, and favorable government policies promoting infrastructural development in countries such as China and India.

Key players: Key players operating in the roofing coatings market are BioMarin, RIBOMIC, Ascendis Pharma A/S, BridgeBio Pharma, Inc., Pfizer Inc., PhaseBio Pharmaceuticals, Inc., SiSaf, Novo Nordisk A/S, F. Hoffmann-La Roche Ltd, LG Chem, Ferring B.V., JCR Pharmaceuticals Co., Ltd, KVK TECH, INC., VIVUS LLC., ProLynx Inc., Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Ipsen Pharma, Novartis AG, and Xiamen Amoytop Biotech Co., Ltd.

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Roofing Coatings Market Is Anticipated To Witness High Growth Owing To Rising Infrastructure Development Activities

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The roofing coatings market comprises coatings which are applied on rooftops to provide protection, strength, and aesthetics. The Global roofing coatings market is estimated to be valued at US$ 4. The acrylic segment is the second largest segment in the roofing coatings market. Regional AnalysisNorth America is currently dominating the roofing coatings market and accounted for more than 35% share of the global revenue in 2024. Get more insights on Roofing Coatings Market

Tempered Coatings Market is Anticipated to Witness High Growth Owing to the Growing Construction Industry

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This rising demand from the construction industry is expected to drive the tempered coatings market substantially over the forecast period. Key Takeaways Key players operating in the Global Tempered Coatings Market Share are BrightSource Energy, Inc. Rising R&D towards bio-based tempered coatings - With growing sustainability awareness, companies are investing in developing bio-polymer based tempered coatings using plant-derived substrates. Impact of COVID-19 on Tempered Coatings Market GrowthThe COVID-19 pandemic has significantly impacted the tempered coatings market. North America Tempered Coatings Market In terms of value, North America accounted for the largest share of over 30% in the global tempered coatings market in 2024.

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Growing number of railway infrastructure projects across the globe aimed at expanding and modernizing existing railway networks is a key driver boosting demand for railway coatings. The Global Railway Coatings Market Growth is estimated to be valued at US$ 2828. Segment AnalysisThe railway coatings market is dominated by the acrylic segment. Global AnalysisNorth America currently holds the largest share in the global railway coatings market. Get more insights on Railway Coatings Market

The increasing revampment of existing building infrastructure to drive the growth of Roofing Coatings Market

Purvaja 2023-12-11

The global Roofing Coatings Market is estimated to be valued at US$ 3. Porter’s AnalysisThreat of new entrants: New entrants in the roofing coatings market face high threat. Competitive rivalry: The global roof coatings market is fragmented with presence of numerous regional and global manufacturers. Regional analysis - Asia Pacific region dominates the global roofing coatings market and is estimated to grow at the fastest rate during the forecast period. Europe is another major contributor to the roofing coatings market share owing to stringent government regulations regarding energy efficient buildings.

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Rahul Kumar Yadav 2023-07-28

The Waterproof Coatings Market has experienced significant growth due to advancements in emerging technologies and developments that cater to diverse industries' needs. One of the key developments in the waterproof coatings industry is the incorporation of nanotechnology. Additionally, there has been a growing focus on eco-friendly and sustainable Waterproof Coatings Market. The Waterproof Coatings Market has also witnessed progress in the development of two-component and polyurea coatings. The Waterproof Coatings Market has experienced remarkable growth, largely driven by the integration of emerging technologies and developments.

Global Tempered Coatings Market Is Estimated To Witness High Growth Owing To Increasing Demand For Safety Glass

Pooja salve 2023-09-05

The global tempered coatings market is estimated to be valued at US$ 50. - Economic: The economic growth in emerging economies is leading to increased construction activities, which in turn fuels the demand for tempered glass and coatings. - Social: Growing awareness about safety and the need to prevent accidents is driving the demand for tempered glass and coatings in various industries. 1% over the forecast period, due to increasing demand for safety glass. In conclusion, the global tempered coatings market is experiencing substantial growth due to the increasing demand for safety glass.

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Total Market size of NSCLC in JapanALK-Mutation—Market Size21.1.

Report MethodologyDelveInsight CapabilitiesDisclaimerAbout DelveInsight Request a Webex Demo to get a walk-through of the report: https://www.delveinsight.com/sample-request/non-small-cell-lung-cancer-marketRelated Reports:Non-Small Cell Lung Cancer Epidemiology Forecast to 2030Non-Small Cell Lung Cancer Global API Manufacturers, Marketed and Phase III Drugs Landscape, 2020Non-Small Cell Lung Cancer Pipeline Insights, 2020About DelveInsightDelveInsight is a premier Business Consulting and Market Research firm, focused exclusively on the life science segment.