Liquid Applied Roofing Market to offer a healthy CAGR of 7.5%
February 14, 2020
Liquid Applied Roofing Market Overview:
Liquid Applied Roofing Market is likely to witness an impressive CAGR of 7.5% during the forecast period. Liquid applied membranes in comparison to traditional systems deliver better planning and overall concrete protection at reduced cost. Flexibility makes them highly suitable for their growing applications in both, water and waste management systems.
Factors driving the liquid applied roofing market are the boom in construction industry, escalating demand for energy-efficient buildings, and constant innovation coupled with new product launches. Their superior physical and chemical properties along with growing development of infrastructure across the globe are likely to drive the global liquid applied roofing market during the forecast period.
Report Overview:
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Liquid Applied Roofing Market Segment Insights:
Elastomeric membranes and silicone coatings: The growth engine
Based on the type, the market is segmented as polyurethane coatings, acrylic coatings, PU/acrylic hybrids, bituminous coatings, silicone coatings, modified silane polymers, EPDM rubbers, elastomeric membranes, cementitious membranes, and epoxy coatings. Elastomeric membranes and silicone coatings are expected to offer the highest growth potential in the global liquid applied roofing market. Wide use in the construction industry to water proof and safe guard surfaces from abrasion and chemicals are some of the prime factors driving the demand for the elastomeric membranes market. On the other hand, cementitious membranes hold a fair share as polymer-reinforced membranes are increasingly obtainable with excellent quality at reasonable cost. These membranes have the capability to bear high negative and positive hydrostatic pressures. Further, they provide outstanding concrete-bonding leading to superior water proofing.
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Dominance of: Residential buildings
Based on the end-use type, the market is segmented as residential buildings, commercial buildings, public infrastructure, and industrial facilities. Residential buildings offer the fastest growth in the global liquid applied roofing market. One of the major drivers is the rapid urbanization of the developing economies.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material suppliers, liquid applied roofing manufacturers, distributors, and end-users. The key liquid applied roofing manufacturers are Akzonobel N.V., BASF SE, GAF Materials, The DOW Chemical Company, Saint-Gobain S.A., The 3M Company, Sika AG, Kraton Performance Polymers Inc., Johns Manville Corporation, and Kemper System Inc.
Regional Hegemony of Asia-Pacific
Asia-Pacific holds the largest share of the global liquid applied roofing market and is expected to witness the highest CAGR during the forecast period, owing to significant economic development in the region. Further, rapidly growing urbanization along with significant investment by government to improve the infrastructure is acting as the major catalysts towards the high growth of the region.
Ongoing recovery in the construction industry of Europe and North America is likely to provide significant growth potential to the industry players. Further, increasing disposable income of consumers, economic growth, and expanding tourism industry in the Middle East are providing new avenues to expand business in the region.
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