According to the report, the global roof coatings industry generated $5.7 billion in 2020, and is anticipated to generate $8.3 billion by 2030, witnessing a CAGR of 3.8% from 2021 to 2030.  

 

Allied Market Research published a report, titled, "Roof Coatings Market by Substrate (Asphalt, Metal, Bitumen, Plastic, and Others), Type (Elastomeric, Bituminous, Acrylic, Silicone, Epoxy, and Others), Technology (Water-based and Solvent-based), Roof Type (Flat Roof and Slope Roof), and End User Sector (Residential and Non-residential) - Global Opportunity Analysis and Industry Forecast, 2021-2030".  

 

Access Full Summary Report: https://www.alliedmarketresearch.com/roof-coating-market 

 

Prime determinants of growth 

Advantages of roof coating in the construction industry and increase in building and construction activities drive the growth of the global roof coatings market. However, disadvantages of asphalt in the construction industry hinder the market growth. On the other hand, factors such as effective solutions for waste management and the use of asphalt promoted by the government in Asia-Pacific present new opportunities in the coming years. 

 

Leading Market Players 

  • RPM International Inc 

  • Akzo Nobel N.V. 

  • BASF SE 

  • Nippon Paint 

  • Valspar 

  • PPG Industries 

  • The Sherwin-Williams Company 

  • Hempel A/S 

  • Graco Inc.