Liquid Roofing Market to Reach CAGR of 7.1% – Forecast 2021


Posted April 29, 2019 by armaan007

The Liquid Roofing Market size is projected to reach USD 7.48 Billion by 2021, at a CAGR of 7.1%.

 
The [139 pages report] Liquid Roofing Market size was USD 4.97 Billion in 2015, and is projected 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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 Key Target Audience:

Regional manufacturer associations and general liquid roofing associations
Raw material manufacturers of liquid roofing
Traders, distributors, and suppliers of liquid roofing
Government and regional agencies and research organizations
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.

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Issued By Markets And Markets
Country India
Categories Construction , Industry , Manufacturing
Tags liquid roofing , liquid roofing applications , liquid roofing industry , liquid roofing manufacturers , liquid roofing market
Last Updated April 29, 2019