PUBLISHER: Market Research Future | PRODUCT CODE: 1656049
PUBLISHER: Market Research Future | PRODUCT CODE: 1656049
Report on North America Roof Coatings Market Research Information By Type (Bituminous, Elastomeric, Acrylic, Silicone, Epoxy, and Others), By Substrate (Metal, Concrete, Asphalt, Plastic, and Others), By Technology (Water-based, Solvent-based, and Others), By Roof Type (Flat, Low Sloped, Steep Sloped, and Others), By End Use (Residential, Commercial and Industrial) and By Region Forecast to 2032
Market Analysis
In 2022, the North American Roof Coatings Market Size was estimated to be USD 605.4 million.
The Roof Coatings Market industry is anticipated to experience a compound annual growth rate (CAGR) of 3.77% from USD 638.2 million in 2023 to USD 893.2 million by 2032 during the forecast period (2024-2032).
A roof coating is a protective layer that is applied to the surface of a roof to improve energy efficiency, extend its lifetime, and enhance its durability. Roof coatings are typically formulated from high-performance materials to create a seamless, waterproof barrier that prevents leakage and damage caused by weather elements such as rain, snow, and UV radiation. These coatings can be produced from a variety of materials, such as elastomerics, silicones, and acrylics, each of which possesses distinctive characteristics that are appropriate for specific roofing types and climates. In addition to offering weather resistance and waterproofing, roof coatings can also reflect sunlight, which in turn reduces heat absorption and lowers ventilation costs for building. Roof coatings not only safeguard existing roofing materials but also contribute to sustainability initiatives by reducing the necessity for frequent roof replacements and minimizing pollution. This is achieved by serving as a maintenance solution.
The North American Roof Coatings Market has been segmented by type into the following categories: Bituminous, Elastomeric, Acrylic, Silicone, Epoxy, and Others.
The North American Roof Coatings Market is segmented into Metal, Concrete, Asphalt, Plastic, and Others based on the substrate.
The North American Roof Coatings Market is segmented into Water-based, Solvent-based, and Others based on technology.
The North American Roof Coatings Market is segmented into Flat, Low Sloped, Steep Sloped, and Others, as determined by the type of roof.
The North American Roof Coatings Market is segmented into Residential, Commercial, and Industrial based on End Use.
Regional Perspectives
The roof coatings market is divided into three countries: the United States, Canada, and Mexico. During the forecast period, the US Roof Coatings market is anticipated to account for a substantial revenue share and maintain the highest market share. In the United States, there is an increasing emphasis on the implementation of energy-efficient building practices. Reduced energy consumption and greenhouse gas emissions are becoming increasingly important to consumers, businesses, and regulatory bodies. Due to their capacity to decrease rooftop temperatures and minimize ventilation expenses, reflective roof coatings, including elastomeric and acrylic coatings, are growing in popularity.
Key Participants
BASF SE, PPG Industries, Inc., AkzoNobel N.V., Sherwin-Williams, Arkema, Nippon Paint Holdings Co., Ltd., Dow, Nouryon, Axalta Coating Systems Ltd., Sika, Hempel (USA) Inc., and GAF, Inc. are among the key companies in the Roof Coatings Market.