Surging Construction Activities to Continue Driving Global Roof Coating Market

01 Feb 2018 • by Natalie Aster
Surging Construction Activities to Continue Driving Global Roof Coating Market

LONDON – The world’s roof coatings market is predicted to gain traction at a robust CAGR through 2022. The key factor driving the market growth is surging construction activities worldwide (especially in emerging countries); other important market growth engines include, amid others, improving global economy, innovations and advancements in technology, rising necessity of efficient building thermal management solutions, enhancing awareness about environment-friendly roofing materials. Furthermore, the fact that costs of roof coatings repairing are cheaper if compared to the replacing of the entire roof is also planned to add to the market further growth.

Moreover, continued penetration of novel technologies and surging construction industry in developing countries provide a slew of growth opportunities for the global roof coatings market.

Regarding roof coating types, the total market is set to be led by the bituminous coating segment due to its benefits like its ability to cover complex surfaces, good creep resistance properties, favorable prices, ease of use and high resistance to mechanical damage.

Based on applications, the global market for roof coatings is dominated by the non-residential sector, which is set to maintain its leadership in the years to come. This segment is poised to grow at the highest pace up to 2022.

In 2016, the marketplace was dominated by North America. The mature USA roof coatings market was the largest amid all country-wide markets as of 2016. The USA market for roof coatings is predicted to continue following steady growth trend in the coming years, majorly due to novel construction projects that are scheduled for the coming years.

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