HOME Top Market Reports Roof Coating Market by Type (Elastomeric, Bituminous, Tiles, Metals), Technology (Water Based, Solvent Based), Roof Type (Low Sloped, Steep Sloped), Equipment (Airless Sprayers, Brushes & Rollers) Application (Residential, Non-Residential) & Geography - Global Forecast to 2020

Roof Coating Market by Type (Elastomeric, Bituminous, Tiles, Metals), Technology (Water Based, Solvent Based), Roof Type (Low Sloped, Steep Sloped), Equipment (Airless Sprayers, Brushes & Rollers) Application (Residential, Non-Residential) & Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: BC 3348

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The market for the global roof coating industry has seen an upward surge since 2009. The global roof coating market is projected to reach $1,290.18 million by 2020, with a CAGR of 5.86% from 2015 to 2020. This is because, after the economic slowdown, new constructions have come up in large numbers. The North American region accounted for around 50% of the total market share in terms of value, followed by the European and Asia-Pacific regions. However, as the roof coating market in developed countries is getting matured, the markets in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country. This is because of the high population in the country along with new constructions coming up in the next five years.

The market has been growing in accordance with the construction industry. With increasing awareness about global warming and concerns about the environment, people are opting for eco-friendly techniques of coating roofs, which has had an impact on the market for roof coating products.

Roof Coating Market Share, by Region, 2014 ($Million)

Roof Coating Market

Source: Expert Interviews and MarketsandMarkets Analysis

This report estimates the market size of the global roof coating market in terms of value ($million). In this report, the market is broadly segmented based on type, technology, roof type, equipment, application, and region. Market drivers, restraints, challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global market has grown exponentially in the last few years and this trend is expected to continue. Increasing disposable incomes of people in developing countries, regulations to incorporate cool roofing, and changing preferences of people towards sustainable building techniques drive the growth of the market.

Scope of the report

This research study categorizes the global roof coating market based on type, technology, application, roof type, equipment, and region:

Based on Type:

  • Elastomeric
  • Bituminous
  • Tiles
  • Metal
  • Others

Based on Technology:

  • Water-based
  • Solvent-based

Based on Application:

  • Residential
  • Commercial
  • Hospitality
  • Healthcare
  • Education
  • Others

Based on Roof Type:

  • Low sloped
  • Steep sloped
  • Others

Based on Equipment:

  • Airless sprayers
  • Brushes & Rollers
  • Others

Based on Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Geographic Scope
           1.3.2 Periodization Considered for the Roof Coating Market
    1.4 Currency Considered for the Roof Coating Market
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Overview of the Parent Industry
                    2.2.2.1 Key Segments of the Protective Coating Market (2014)
                    2.2.2.2 Region-Wise Distribution of the Protective Coating Industry (2014)
           2.2.3 Demand-Side Analysis
                    2.2.3.1 Rising Population
                    2.2.3.2 Increase in Gross Domestic Product
           2.2.4 Supply-Side Analysis
                    2.2.4.1 Regulations
                    2.2.4.2 Research & Development
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Market Share Estimation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions of the Research Study
           2.6.2 Limitations of the Research Study

3 Executive Summary (Page No. - 34)
    3.1 The Global Market Was $916.20 Million in 2014
    3.2 The Market for Elastomeric and Plastic Roof Coating to Grow at the Highest CAGR
    3.3 China Remains the Fastest Growing Market for Roof Coatings in 2014

4 Premium Insights (Page No. - 39)
    4.1 Emerging Economies Offer Attractive Opportunities in the Market
    4.2 Non-Residential Sector Occupies More Than 90% of the Overall Market
    4.3 Bituminous and Tiles Segments Captured Largest Share in the Emerging Asia-Pacific Market in 2014
    4.4 China is Projected to be the Fastest Growing Country for Roof Coating Market, 2015-2020
    4.5 Emerging Markets Are Estimated to Grow at a Faster Rate Than Developed Markets
    4.6 Roof Coating Market Life Cycle Analysis, By Region: Asia-Pacific is Witnessing High Growth

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Evolution of Roof Coating
    5.3 Market Segmentation
           5.3.1 Types of Roof Coating
                    5.3.1.1 Elastomeric & Plastic
                    5.3.1.2 Bituminous
                    5.3.1.3 Tiles
                    5.3.1.4 Metal
                    5.3.1.5 Others
           5.3.2 Roof Coating Materials By Solution Technology
                    5.3.2.1 Water-Based Coating
                    5.3.2.2 Solvent-Based Coating
           5.3.3 Types of Roofs
                    5.3.3.1 Low Sloped Roof
                    5.3.3.2 Steep Sloped Roof
                    5.3.3.3 Others
           5.3.4 Equipment Used in Roof Coating Market
                    5.3.4.1 Airless Sprayers
                    5.3.4.2 Rollers & Brushes
                    5.3.4.3 Others
           5.3.5 Applications of Roof Coating
                    5.3.5.1 Residential
                    5.3.5.2 Commercial
                    5.3.5.3 Hospitality
                    5.3.5.4 Healthcare
                    5.3.5.5 Others
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Recovery of Global Economy – Emergence of the Asia-Pacific Region Resulted in Increased Demand of Roof Coatings Globally
                    5.4.1.2 Regulatory Compliance to Incorporate Cool Roof Technology
                    5.4.1.3 New Constructions, Housing Activities, and Other Affluences
                    5.4.1.4 High Growth in the Asia-Pacific Region
           5.4.2 Restraints
                    5.4.2.1 Prolonged Recession in Some Parts of Europe
                    5.4.2.2 Cultural & Operational Differences Between Asian & Western Countries
           5.4.3 Opportunities
                    5.4.3.1 Emergence of New Technologies
                    5.4.3.2 Green Roof Coatings
                    5.4.3.3 Asia-Pacific Region is Projected to See the Maximum Amount of New Constructions, Both, Commercial and Non-Commercial
           5.4.4 Challenges
                    5.4.4.1 Controlling Prices to Ensure Affordability

6 Industry Trends (Page No. - 56)
    6.1 Introduction
    6.2 Supply Chain
           6.2.1 Product Development & Distribution Are an Integral Part of the Supply Chain in the Roof Coating Market
    6.3 Industry Insights
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Buyers
           6.4.2 Intensity of Competitive Rivalry
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Threat of New Entrants
           6.4.5 Threat of Substitutes
    6.5 Strategic Benchmarking
           6.5.1 Strategic Acquisitions, Agreements, Partnerships, Investments & Expansions

7 Roof Coating Market, By Type of Roof Coating (Page No. - 62)
    7.1 Introduction
           7.1.1 Global Market is Projected to Grow at a CAGR of 5.86% in Terms of Value, 2015-2020
           7.1.2 Elastomeric & Plastic Segment is Estimated to Grow at a CAGR of Around 5.32% in Terms of Volume, 2015-2020
    7.2 Elastomeric & Plastic
           7.2.1 Superior Elastic Properties Are Helping the Segment Grow Faster
           7.2.2 Asia-Pacific the Market is Lucrative in Terms of Growth
    7.3 Bituminous
           7.3.1 Improved Adhesion and Gap Filling Make the Segment One of the Major Ones in Roof Coating
           7.3.2 Bituminous Coatings Held the Largest Market Share
    7.4 Tiles
           7.4.1 Tiles Held the Largest Market Share in 2014
           7.4.2 Projected to Grow at a CAGR of More Than 5%
    7.5 Metal
           7.5.1 Application of Roof Coating Over Metal Coating Helps Increase the Life of the Roofs
           7.5.2 Asia Pacific is Projected to Grow at a Faster Rate Than Compared to Other Regions
    7.6 Other Roof Coatings
           7.6.1 Growing Awareness About Roof Coatings Helps the Market for Other Types of Roof Coatings Grow

8 Roof Coating Market, By Solution Technology (Page No. - 70)
    8.1 Introduction
           8.1.1 Solvent-Based Roof Coatings Accounted for the Largest Market Share
    8.2 Water-Based Solutions
    8.3 Solvent-Based Solutions
           8.3.1 Experiencing Lower CAGR Due to Environmental Regulations
           8.3.2 Reducing Voc Content Will Pose a Significant Challenge to the Companies

9 Roof Coating Market, By Roof Type (Page No. - 76)
    9.1 Introduction
    9.2 Low Sloped Roofs
           9.2.1 Low Sloped Roofs Are Prominent Users of Roof Coating Globally
           9.2.2 Easier to Apply Roof Coating on Low Sloped Roofs as Compared to Steep Sloped Roofs
    9.3 Steep Sloped Roofs
           9.3.1 Better Water Shedding Properties Make the Segment a Key One
           9.3.2 North America is the Most Prominent Region for Steep Sloped Roofs
    9.4 Other Roof Types
           9.4.1 This Segment Comprises of Religious, Ancient, and Other Architectural Applications

10 Roof Coating Market, By Equipment (Page No. - 83)
     10.1 Introduction
             10.1.1 Airless Sprayers Accounted for the Major Market Share
     10.2 Airless Sprayers
             10.2.1 Uniform Application of Coat Makes This Segment a Prominent One
     10.3 Rollers & Brushes
             10.3.1 The Market Share of Rollers & Brushes is Estimated to Increase Due to Easy and Cheap Availability
     10.4 Others

11 Roof Coating Market, By Application (Page No. - 88)
     11.1 Introduction
             11.1.1 Hospitality and Healthcare Are Two Key Application Markets for Roof Coating
     11.2 Residential
             11.2.1 Family Housing Sector is One Key Area for Residential Roof Coating Market
     11.3 Commercial
             11.3.1 Commercial Sector Occupied the Largest Share Amongst All Applications
             11.3.2 Commercial Sector is Estimated to be Rapidly Growing in the Next Few Years
     11.4 Hospitality
             11.4.1 Hospitality – Flourishing Market in the World
     11.5 Healthcare
             11.5.1 Energy Saving and Other Health Related Issues Make Roof Coating Important for the Healthcare Segment
     11.6 Educational Institutes
     11.7 Others

12 Roof Coating Market, By Region (Page No. - 97)
     12.1 Introduction
             12.1.1 Global Market is Projected to Grow at a CAGR of 5.86% From 2015 to 2020, in Terms of Value
     12.2 Pest Analysis
             12.2.1 Political/Legal Factors
                         12.2.1.1 Regulatory Bodies
             12.2.2 Economic Factors
                         12.2.2.1 Emerging Economies
                         12.2.2.2 Cost-Effectiveness
             12.2.3 Social Factors
                         12.2.3.1 Human Health Concerns
             12.2.4 Technological Factors
                         12.2.4.1 R&D Initiatives
     12.3 North America
             12.3.1 U.S.
             12.3.2 Canada
             12.3.3 Mexico
     12.4 Europe
             12.4.1 Germany
             12.4.2 France
             12.4.3 U.K.
             12.4.4 Others
     12.5 Asia-Pacific
             12.5.1 China
             12.5.2 India
             12.5.3 Australia
             12.5.4 Japan
             12.5.5 Others
     12.6 Rest of the World
             12.6.1 Brazil
             12.6.2 Saudi Arabia
             12.6.3 Oman
             12.6.4 Argentina
             12.6.5 Other Countries in Row

13 Competitive Landscape (Page No. - 133)
     13.1 Introduction
     13.2 Market Share Analysis: Roof Coating Market
             13.2.1 Small Companies – No Longer Minnows
             13.2.2 BASF S.E Held the Leading Position in the Roof Coating Market
     13.3 Competitive Situations and Trends
             13.3.1 Presence of a Large Number of Players Makes the Market More Competitive
             13.3.2 Companies Adopted Various Strategies to Expand Their Business
             13.3.3 Mergers and Acquisitions
                         13.3.3.1 Mergers and Acquisitions – The Key Strategy for Companies Across the World
             13.3.4 Expansions
                         13.3.4.1 Expansions Helped the Companies Increase Their Presence in the Market
             13.3.5 New Product Development
             13.3.6 Partnerships, Agreements, and Joint Ventures

14 Company Profiles (Page No. - 141)
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     14.1 Introduction
     14.2 Akzonobel N.V.
     14.3 The Valspar Corporation
     14.4 BASF SE
     14.5 The Dow Chemical Company
     14.6 Nippon Paint Co. Ltd.
     14.7 PPG Industries, Inc.
     14.8 Graco Inc.
     14.9 The Sherwin-Williams Company
     14.10 RPM International Inc.
     14.11 Hempel A/S.
*Details on Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not be Captured in Case of 
Unlisted Companies.

15 Appendix (Page No. - 171)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Introducing RT: Real Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports


List of Tables (104 Tables)

Table 1 Recovery of Global Economy Has Played a Major Role in Driving the Growth of the Roof Coating Market
Table 2 Prolonged Recession in Some Parts of Europe is a Key Restraining Factor for the Roof Coating Market
Table 3 Roof Coating Market Size, By Type, 2013–2020 ($Million)
Table 4 Roof Coating Market Size, By Type, 2013–2020 (KT)
Table 5 Elastomeric & Plastic Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 6 Elastomeric & Plastic Roof Coating Market Size, By Region, 2013–2020 (KT)
Table 7 Bituminous Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 8 Bituminous Roof Coating Market Size, By Region, 2013–2020 (KT)
Table 9 Tile Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 10 Tile Roof Coating Market Size, By Region, 2013–2020 (KT)
Table 11 Metal Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 12 Metal Roof Coating Market Size, By Region, 2013–2020 (KT)
Table 13 Other Roof Coatings Market Size, By Region, 2013–2020 ($Million)
Table 14 Other Roof Coatings Market Size, By Region, 2013–2020 (KT)
Table 15 Roof Coating Market Size, By Solution Technology, 2013–2020 ($Million)
Table 16 Roof Coating Market Size, By Solution Technology, 2013–2020 (KT)
Table 17 Water-Based Solutions Market Size, By Region, 2013–2020 ($Million)
Table 18 Water-Based Solutions Market Size, By Region, 2013–2020 (KT)
Table 19 Solvent-Based Solutions Market Size, By Region, 2013–2020 ($Million)
Table 20 Solvent-Based Solutions Market Size, By Region, 2013–2020 (KT)
Table 21 Roof Coating Market Size, By Roof Type, 2013–2020 ($Million)
Table 22 Roof Coating Market Size, By Roof Type, 2013–2020 ( Kt)
Table 23 Low Sloped Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 24 Low Sloped Roof Coating Market Size, By Region, 2013–2020 (KT)
Table 25 Steep Sloped Roof Coating Market Size, By Region, 2013–2020 ($Million)
Table 26 Steep Sloped Roof Coating Market Size, By Region, 2013-2020 (KT)
Table 27 Other Roof Types Market Size, By Region, 2013–2020 ($Million)
Table 28 Other Roof Types Market Size, By Region, 2013–2020 (KT)
Table 29 Roof Coating Market Size, By Equipment Type, 2013–2020 ($Million)
Table 30 Roof Coating Market Size, By Equipment Type, 2013–2020 (KT)
Table 31 Airless Sprayers Market Size, By Region, 2013–2020 ($Million)
Table 32 Airless Sprayers Market Size, By Region, 2013–2020 (KT)
Table 33 Brushes & Rollers Market Size, By Region, 2013–2020 ($Million)
Table 34 Brushes & Rollers Market Size, By Region, 2013–2020 (KT)
Table 35 Other Roof Coating Equipment Market Size, By Region, 2013–2020 ($Million)
Table 36 Other Roof Coating Equipment Market Size, By Region, 2013–2020 (KT)
Table 37 Roof Coating Market Size, By Application, 2013-2020 ($Million)
Table 38 Roof Coating Market Size, By Applications, 2013-2020 (KT)
Table 39 Roof Coating Applications in Residential Sector, By Region,2013-2020 ($Million)
Table 40 Roof Coating Applications in Residential Sector, By Region,2013-2020 (KT)
Table 41 Roof Coating Applications in Commercial Sector, By Region,2013-2020 ($Million)
Table 42 Roof Coating Applications in Commercial Sector, By Region,2013-2020 (KT)
Table 43 Roof Coating Applications in Hospitality Sector, By Region,2013-2020 ($Million)
Table 44 Roof Coating Applications in Hospitality Sector, By Region,2013-2020 (KT)
Table 45 Roof Coating Applications in Healthcare Sector, By Region,2013-2020 ($Million)
Table 46 Roof Coating Applications in Healthcare Sector, By Region,2013-2020 (KT)
Table 47 Roof Coating Applications in Educational Institutes Sector, By Region, 2013-2020 ($Million)
Table 48 Roof Coating Applications in Educational Institutes Sector, By Region, 2013-2020 (KT)
Table 49 Roof Coating Applications in Other Sectors, By Region,2013-2020 ($Million)
Table 50 Roof Coating Applications in Other Sectors, By Region, 2013-2020 (KT)
Table 51 Roof Coating Market Size, By Region, 2013-2020 ($Million)
Table 52 Roof Coating Market Size, By Region, 2013-2020 (KT)
Table 53 North America: Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 54 North America: Market Size, By Country, 2013-2020 (KT)
Table 55 North America: Elastomeric Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 56 North America: Elastomeric Market Size, By Country,2013-2020 (KT)
Table 57 North America: Bituminous Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 58 North America: Bituminous Market Size, By Country,2013-2020 (KT)
Table 59 North America: Tiles Market Size, By Country, 2013-2020 ($Million)
Table 60 North America: Tiles Market Size, By Country, 2013-2020 (KT)
Table 61 North America: Metal Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 62 North America: Metal Roof Coating Market Size, By Country,2013-2020 (KT)
Table 63 North America: Other Roof Coatings Market Size , By Country,2013-2020 ($Million)
Table 64 North America: Other Roof Coatings Market Size , By Country,2013-2020 (KT)
Table 65 Europe: Roof Coating Market Size, By Country, 2013-2020 ($Million)
Table 66 Europe: Market Size, By Country, 2013-2020 (KT)
Table 67 Europe: Elastomeric Roof Coating Market, By Country,2013-2020 ($Million)
Table 68 Europe: Elastomeric Roof Coating Market Size, By Country,2013-2020 (KT)
Table 69 Europe: Bituminous Market Size, By Country, 2013-2020 ($Million)
Table 70 Europe: Bituminous Market Size, By Country, 2013-2020 (KT)
Table 71 Europe: Tiles Market Size, By Country, 2013-2020 ($Million)
Table 72 Europe: Tiles Market Size, By Country, 2013-2020 (KT)
Table 73 Europe: Metal Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 74 Europe: Metal Roof Coating Market Size, By Country, 2013-2020 (KT)
Table 75 Europe: Other Roof Coatings Market Size, By Country,2013-2020 ($Million)
Table 76 Europe: Other Roof Coatings Market Size, By Country, 2013-2020 (KT)
Table 77 Asia-Pacific: Roof Coating Market Size, By Country, 2013-2020 ($Million)
Table 78 Asia-Pacific: Market Size, By Country, 2013-2020 (KT)
Table 79 Asia-Pacific: Elastomeric Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 80 Asia-Pacific: Elastomeric Roof Coating Market Size, By Country,2013-2020 (KT)
Table 81 Asia-Pacific: Bituminous Market Size, By Country, 2013-2020 ($Million)
Table 82 Asia-Pacific: Bituminous Market Size, By Country, 2013-2020 (KT)
Table 83 Asia-Pacific: Tiles Market Size, By Country, 2013-2020 ($Million)
Table 84 Asia-Pacific: Tiles Market Size, By Country, 2013-2020 (KT)
Table 85 Asia-Pacific: Metal Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 86 Asia-Pacific: Metal Roof Coating Market Size, By Country, 2013-2020 (KT)
Table 87 Asia-Pacific: Other Roof Coatings Market Size, By Country,2013-2020 ($Million)
Table 88 Asia-Pacific: Other Roof Coatings Market Size, By Country, 2013-2020 (KT)
Table 89 RoW: Roof Coating Market Size, By Country, 2013-2020 ($Million)
Table 90 RoW: Market Size, By Country, 2013-2020 (KT)
Table 91 RoW: Elastomeric Roof Coating Market Size, By Country,2013-2020 ($Million)
Table 92 RoW: Elastomeric Roof Coating Market Size, By Country, 2013-2020 (KT)
Table 93 RoW: Bituminous Market Size, By Country, 2013-2020 ($Million)
Table 94 RoW: Bituminous Market Size, By Country, 2013-2020 (KT)
Table 95 RoW: Tiles Market Size, By Country, 2013-2020 ($Million)
Table 96 RoW: Tiles Market Size, By Country, 2013-2020 (KT)
Table 97 RoW: Metal Roof Coating Market Size, By Country, 2013-2020 ($Million)
Table 98 RoW: Metal Roof Coating Market Size, By Country, 2013-2020 (KT)
Table 99 RoW: Other Roof Coatings Market Size , By Country, 2013-2020 ($Million)
Table 100 RoW: Other Roof Coatings Market Size, By Country, 2013-2020 (KT)
Table 101 Mergers and Acquisitions, 2012–2014
Table 102 Expansions, 2012–2014
Table 103 New Product Development, 2012–2014
Table 104 Partnerships, Agreements & Joint Ventures, 2012–2014


List of Figures (61 Figures)

Figure 1 Roof Coating Market, By Roof Coating Type
Figure 2 Roof Coating Market, By Type of Solution Technology
Figure 3 Roof Coating Market, By Type of Roof
Figure 4 Roof Coating Market, By Type of Equipment
Figure 5 Roof Coating Market, By Application
Figure 6 Roof Coating Market: Research Design
Figure 7 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 8 Impact of Key Factors Influencing the Parent Industry, 2014
Figure 9 Global Population Projected to Reach ?9.5 Billion By 2050
Figure 10 Market Size Estimation Methodology: Bottom-Up Approach
Figure 11 Market Size Estimation Methodology: Top-Down Approach
Figure 12 Data Triangulation Methodology
Figure 13 Limitations of the Research Study
Figure 14 Evolution of Roof Coating
Figure 15 Roof Coating Market Snapshot (2014 vs. 2020): Market for Elastomeric & Plastic to Grow at the Highest CAGR
Figure 16 China Remains the Fastest-Growing Market for Roof Coatings, 2014
Figure 17 Leading Market Players Adopted Mergers & Acquisitions as the Key Strategy During 2012-2015
Figure 18 Emerging Economies Offer Attractive Opportunities in the Roof Coating Market (2015-2020)
Figure 19 Bituminous and Tiles Segments Captured Largest Share in the Emerging Asia-Pacific Market in 2014
Figure 20 China is Projected to be the Fastest Growing Market for Roof Coating, 2015-2020
Figure 21 Emerging Markets to Grow Faster Than Developed Markets (2015-2020)
Figure 22 The Market in Asia-Pacific Region is Experiencing High Growth During the Forecast Period
Figure 23 Evolution of Roof Coating
Figure 24 Roof Coating Market Segmentation
Figure 25 Recovery of Global Economy, Emergence of Asia-Pacific Region, Result in Increased Demand of Roof Coatings Globally
Figure 26 Product Development & Distribution Are an Integral Part of the Supply Chain in the Roof Coating Market
Figure 27 Porter’s Five Forces Analysis
Figure 28 Strategic Expansions & Acquisitions of Key Companies (2010-2015)
Figure 29 North America Led the Global Market, in Terms of Volume in 2014
Figure 30 Water-Based Solutions: Overview
Figure 31 North America Held the Largest Share in Roof Coating Market, By Value (2014)
Figure 32 High Demand for Roof Coating for Application on Low Sloped Roofs (2013-2020)
Figure 33 Geographic Snapshot (2015-2020): The Markets in Asia-Pacific Will Experience the Highest Growth Rate.
Figure 34 North American Roof Coating Market Snapshot: The U.S. is Projected to be the Global Leader Between 2015 and 2020
Figure 35 Asia-Pacific Roof Coating Market Snapshot: China is the Most Lucrative Market
Figure 36 Companies Adopted Mergers & Acquisitions and Expansions as Key Growth Strategies, 2011-2013
Figure 37 Sherwin-Williams Grew at the Highest Rate Between 2011 and 2014
Figure 38 Roof Coating Market Share, By Key Player, 2014
Figure 39 Annual Developments in the Roof Coating Market, 2012-2015
Figure 40 Battle for Market Share: Mergers & Acquisitions Was the Key Strategy, 2012-2015
Figure 41 Geographic Revenue Mix of Top 5 Market Players
Figure 42 Akzonobel N.V.: Company Snapshot
Figure 43 Akzonobel N.V.: SWOT Analysis
Figure 44 The Valspar Corporation: Company Snapshot
Figure 45 The Valspar Corporation : SWOT Analysis
Figure 46 BASF SE: Company Snapshot
Figure 47 BASF SE: SWOT Analysis
Figure 48 The Dow Chemical Company: Company Snapshot
Figure 49 The Dow Chemical Company : SWOT Analysis
Figure 50 Nippon Paint Co. Ltd.: Company Snapshot
Figure 51 Nippon Paint Co. Ltd.: SWOT Analysis
Figure 52 PPG Industries, Inc.: Company Snapshot
Figure 53 PPG Industries, Inc.: SWOT Analysis
Figure 54 Graco Inc.: Company Snapshot
Figure 55 Graco Inc.: SWOT Analysis
Figure 56 The Sherwin-Williams Company: Company Snapshot
Figure 57 The Sherwin-Williams Company : SWOT Analysis
Figure 58 RPM International Inc.: Company Snapshot
Figure 59 RPM International Inc.: SWOT Analysis
Figure 60 Hempel A/S.: Company Snapshot
Figure 61 Hempel A/S.: SWOT Analysis

The market has been growing in accordance with the construction industry. With increasing awareness about global warming and concerns about the environment, people are opting for eco-friendly techniques of coating roofs, which has had an impact on the market for roof coating products.

Increasing disposable incomes of people in developing countries, regulations to incorporate cool roofing, and changing preferences of people towards sustainable building techniques drive the growth of the roof coating market. Lack of awareness about roof coating is the biggest challenge faced by players in the market.

Roof Coating Market Size, by Type, 2014-2020 ($Million)

Roof Coating Market

Source: Expert Interviews and MarketsandMarkets Analysis

The market for roof coating products is projected to be valued at $1,290.18 million by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 7.23% during the review period, that is, 2015 to 2020.

The growth of the market is primarily driven by the following:

  • Rising population
  • Developing economies and GDP
  • Increasing awareness
  • Regulatory compliance

The elastomeric and plastic coating segment is projected to grow at the highest CAGR of 5.97% from 2015 to 2020. The roof coating market was dominated by bituminous and tiles roof coatings segments, which accounted for 70% of the total market in 2014.

The global market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are AkzoNobel NV (The Netherlands), PPG Industries, Inc. (U.S.), Sherwin-Williams (U.S.), Valspar Corporation (U.S.), BASF SE (Germany), Nippon Paint Co. Ltd (Japan), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), and Hempel A/S (Denmark).

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