The report [139 pages] "Liquid Roofing Market by Type (PU/Acrylic Hybrids, Polyurethane, Acrylic, Bituminous, and Silicone Coatings), Application (Residential Buildings, Commercial Buildings, Public Infrastructure, and Industrial Facilities) - Global Forecast to 2021", published by MarketsandMarkets, The market size is projected to reach USD 7.48 Billion, at a CAGR of 7.1%.

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Silicone coatings: The largest liquid roofing market, by type 

Silicone coating was the largest segment for the liquid roofing market in 2015. The unique combination of properties of silicones is well suited to coating applications. The products used for silicone polymers as additives and silicone resins as the main component or binder. Silicone polymers are used to ease application of paints. The surface properties of silicones enable a paint to wet a substrate easily and give it a smooth appearance once dry. Silicone resins offer resistance to weathering in paints for exterior surfaces such as bridges and roofs of buildings. They also provide water repellence to masonry surfaces such as stone and brick.

Residential buildings: The largest market for liquid roofing market, by application 

The residential buildings industry includes both roofing and reroofing activities. Residential buildings include all kinds of residential structures such as houses, town houses, cottages, condominiums, and apartments. In residential buildings, liquid roofing is used in various applications including roofing and reroofing. Rise in standard of living and growth in the construction industry is driving the market for residential buildings.

Asia-Pacific: The largest market for liquid roofing 

China, India, Japan, and Australia are some of the key Liquid Roofing Market in Asia-Pacific, which together accounted for nearly 38.12% of the overall market, in terms of volume, in 2015. Rising population, urbanization, and industrialization along with growing concerns related to infrastructure development and waterproofing in China and India are some of the factors that will drive the market for liquid roofing in Asia-Pacific during the forecast period. Residential construction activities in Asia-Pacific have increased due to the rising income levels, shift toward nuclear families, affordable interest rates, and changing preferences in terms of home ownership in several countries. Several new construction activities are expected to begin in the region during the forecast period, thus driving the liquid roofing market.

The key companies offering liquid roofing were mainly involved in expansion activities from 2011 to 2016, accounting for a share of 48.0%. The companies rigorously adopt this strategy to strengthen their position in the market. The large players actively participated in enhancing their global reach, while the small companies concentrated more on expansion of their production and distribution facilities between 2011 and 2016.

New product launch was considered as the second-most preferred growth strategy by the manufacturers and accounted for 33.2% of the total development strategies adopted in the liquid roofing market between 2011 and 2016.

The liquid roofing market has a diversified and established ecosystem of its upstream players such as raw material suppliers, including BASF (Germany), Dow Chemical (U.S.), Saint-Gobain (France), 3M (Minnesota), and AkzoNobel N.V. (Netherlands), Bergquist Company (U.S.), Indium Corporation (U.S.), and Parker Hannifin (U.S.),  among others.

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