Liquid Roofing applies coatings to the roof to prolong its lifetime, lower the temperature (also reducing energy requirement and pollution), and make the surface easier to clean and maintain. According to BlueQuark Research and Consulting, the global Liquid Roofing market is expected to grow considerably during the forecasted period. Factors such as increasing urbanization trends and rising population resulting in housing demand in the residential construction industry are expected to drive the need for the Liquid Roofing market in the forecasted period. Further, ever-increasing environmental concerns and using cool rooftops to help the climate are expected to drive the liquid roofing market in the forecasted period. Furthermore, increasing demand for functional and cost-efficient roofing systems and growth in the consumption of 2K polyurethane liquid roofing systems are expected to drive the need for the Liquid Roofing market in the forecasted period. However, Volatility in the cost of the raw material and the high price of the elastomeric membrane is expected to hamper the global market in the forecasted period.
The residential sector dominates due to the construction industry's large-scale liquid roofing consumption. Beneficial attributes like long-term roofs, lower maintenance costs, and more value as life cycle costs decrease with liquid Roofing. Increasing awareness and acceptability among consumers regarding liquid Roofing is expected to drive market growth. Among types, the silicone coating is utilized in structures and building roofs due to its advantages over other fluid membranes, such as weathering resistance, UV protection, volatile organic compound tolerance, and durability. It provides construction owners with an alternative to an expensive re-roofing project. Refurbishing and renovating old buildings have increased investments in the building, and the construction industry is anticipated to contribute to a rise in market demand. The growing number of research activities associated with cost-cutting during roof installation is expected to boost demand for liquid Roofing globally. Various advancements in building aesthetics, the efficiency of membrane materials used in coatings, and the increased use of acrylic resin are expected to be emerging market points of interest. Power plants, electricity grids, water supply and treatment plants, roads, railways, airports, bridges, schools, telecommunication networks, and hospitals are all examples of infrastructure development. Green roofs are roof structures that are covered in vegetation entirely or partially. Green roofs can help you conserve money on energy, reduce the urban heat island effect, remove harmful air pollutants, and reduce stormwater runoff. Green buildings are both energy-efficient and environmentally conscious structures throughout their lifespan. Waterproofing is an essential feature of these structures because it effectively protects from water runoff and weather conditions while improving energy efficiency. Green buildings are booming in countries like Germany and the United States, thanks to regulations governing building emissions and the positive impact of these structures. The construction industry's boom, rising demand for energy-efficient buildings, and constant innovation with new product launches drive the Liquid applied roofing market. During the forecast period, the global liquid-applied roofing market is expected to be caused by their superior physical and chemical properties and the growing development of infrastructure worldwide.
The Asia Pacific region stands to be the highest and fastest-growing market for the construction industry. Factors such as residential and commercial construction sector development will drive regional market growth. Liquid roofing systems are highly tenable, have lower maintenance costs, are proven to be more durable than other waterproofing systems, are long-lasting, and aides in preventing uneven spots, bumps, any overlaps over the roof surface, etc. Emerging demand for energy-efficient structures, expanding awareness about the cost-effectiveness of liquid Roofing, and increasing construction activities worldwide will further accelerate the liquid roofing market in the forecast period. The other driving factor for the market's growth and development is eco-friendly and solvent-free coating services. The rising need to reduce carbon footprints across the globe is likely to provide opportunities for the liquid roofing market over the forecasted period. The surging demand for energy-efficient buildings is driving the growth of the liquid roofing industry. Energy-efficient buildings are intended to substantially reduce the energy needed for heating and cooling, regardless of the energy source or equipment utilized to heat or cool the structure. Due to strong urbanization and global warming, the demand for energy-efficient buildings is rising. Liquid Roofing offers energy-efficient buildings with superior sustainability, waterproofing, and renewability resulting in low cost and energy usage in buildings. The demand for liquid Roofing will be created in response to the increasing demand for energy-efficient buildings, as liquid Roofing is an important part of these buildings.
Some market key players are BASF SE, Dow, Saint-Gobain Weber, 3M, and Sika AG.
On January 2023-Sika ag and INEOS Enterprises signed a contract for INEOS Enterprises to purchase MBCC Group's admixtures business in the United States, Canada, Europe, and the United Kingdom (Disposal Perimeter) and its complete activities in Australia and New Zealand. The disposal is necessary for Sika's remediation process for acquiring MBCC Group.
In December 2022-Sika AG is opening a new plant to produce liquid membranes and mortar in Chongqing, a 30- million-person city in southwestern China. By commissioning the new factory, Sika is strengthening its position in this fast-expanding urban area. It is projected to become even more significant as China creates the Chengdu Chongqing commercial district with about one million inhabitants.
Global Liquid Roofing Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Liquid Roofing Market by segmenting based on Type ( Polyurethane Coating, Acrylic Coating, Bituminous Coatings, Silicone Coatings, Epoxy Coatings, and Others), Application (Residential, Commercial, Industrial/Institutional, and Infrastructure), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
North America Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United States Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Canada Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Mexico Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Europe Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United Kingdom Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Germany Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Italy Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
France Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Other Supporting Charts
Rest of Europe Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South America Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Brazil Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Argentina Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of South America Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Asia-Pacific Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
China Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
India Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Japan Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Korea Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Asia-Pacific Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Middle East & Africa Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Saudi Arabia Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Africa Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Middle-East & Africa Liquid Roofing Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027