Global Liquid Roofing Market size was USD 4.97 Billion in 2015, and is expected to register a CAGR of 7.1% between 2016 and 2021. The market size was 2,333.0 Million square meter in 2015; it is projected to register a CAGR of 6.7% during the forecast period. In this study, 2015 has been considered as the base year and 2021 as the forecast year for estimating market size of liquid roofing between 2016 and 2021.
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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.
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 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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For more details: https://www.prnewswire.com/news-releases/liquid-roofing-market-worth-748-billion-usd-by-2021-591003291.html
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