The climate change brings about more extreme weather events, the need to protect buildings and infrastructure from water damage becomes paramount. Liquid roofing offers a versatile and durable solution for waterproofing flat or low-sloped roofs, making it a popular choice for commercial, residential, and industrial applications.
One of the key drivers behind the growing demand for liquid roofing is its ability to provide seamless protection against water infiltration. Traditional roofing materials such as asphalt or metal may develop seams and joints over time, which can become vulnerable points for water penetration. Liquid roofing, on the other hand, forms a continuous membrane over the roof surface, effectively sealing off any potential entry points for water. This seamless nature not only enhances waterproofing performance but also reduces the likelihood of leaks and subsequent damage to the underlying structure.
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Data Bridge Market Research analyzes the Asia-Pacific Liquid Roofing Market is expected to reach USD 5.42 billion by 2031 from USD 2.99 billion in 2023 growing with a CAGR of 7.8% in the forecast period of 2024 to 2031.
Key Findings of the Study
- Increased Focus on Construction and Infrastructural Growth
Governments and private sectors are heavily investing in construction projects to meet the demands of growing populations and urbanization, driving a robust demand for roofing solutions. Liquid roofing systems excel in durability, reliability, cost-effectiveness, and ease of installation, making them increasingly preferred. Their seamless application ensures watertight seals, crucial for preventing leaks and water damage, while their versatility allows for application to complex roof geometries. As emerging economies and regions undergo rapid urbanization, the demand for liquid roofing solutions is expected to rise, driven by their performance benefits and suitability for large-scale projects. Liquid roofing systems, with their inherent advantages and versatility, are well-positioned to meet these evolving demands and play a vital role in shaping the future of the construction industry, driving the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (Bituminous Coatings, Acrylic Coatings, Elastomeric Membranes, Silicone Coatings, PU / Acrylic Hybrids, Polyurethane Coatings, Epoxy Coatings, EPDM Rubbers, and Others), Roof Type (Flat Roof, Pitched Roof, Saw Tooth, and Others), Substrate (Concrete, Composite, Metal, and Others), Installation (Reroofing and Repairs and New Construction), End User (Residential Building, Commercial Building, Industrial Building, and Public Infrastructure)
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Countries Covered
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China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, Singapore, Thailand, Philippines, New Zealand, rest of Asia-Pacific
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Market Players Covered
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3M (U.S.), BASF SE (Germany), Henkel Corporation (Germany), Sika AG (Switzerland), BMI Group Holdings UK Limited (U.K.), SOPREMA (France), SAINT-GOBAIN (France), Dow (U.S.), Johns Manville (U.S.), MAPEI S.p.A. (Italy), Akzo Nobel N.V. (Netherlands), Henry Company (U.S.), KRATON CORPORATION (U.S.), Pidilite Industries Ltd. (India), Garland Industries, Inc. (U.S.), GAF, Inc. (U.S.), H.B. Fuller Company (U.S.), STP Limited, India (India), KEMPER SYSTEM (Germany), RPM International Inc. (U.S.), ALT Global, LLC (U.S.), and Widopan Products GmbH (Germany) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
Asia Pacific liquid roofing market is segmented into five notable segments based on type, roof type, substrate, installation, and end user.
- On the basis of type, the Asia-Pacific Liquid Roofing Market is segmented into bituminous coatings, acrylic coatings, elastomeric membranes, silicone coatings, PU / acrylic hybrids, polyurethane coatings, epoxy coatings, EPDM rubbers, and others
In 2024, the bituminous coatings segment is expected to dominate the Asia-Pacific Liquid Roofing Market
In 2024, the bituminous coatings segment is expected to dominate the market with 30.91% market share due to its excellent waterproofing properties, affordability, and ease of application. With increasing demand for cost-effective and durable roofing solutions, bituminous coatings offer a reliable option for both new construction and refurbishment projects.
- On the basis of roof type, the Asia-Pacific Liquid Roofing Market is segmented into flat roof, pitched roof, saw tooth, and others
In 2024, the flat roof segment is expected to dominate the Asia-Pacific Liquid Roofing Market
In 2024, the flat roof segment is expected to dominate the market with 54.66% market share due to its widespread use in commercial, industrial, and institutional buildings. Liquid roofing systems are particularly suitable for flat roofs due to their seamless application, providing effective waterproofing and protection against environmental elements.
- On the basis of substrate, the Asia-Pacific Liquid Roofing Market is segmented into concrete, composite, metal and others. In 2024, the concrete segment is expected to dominate the market with 51.26% market share
- On the basis of installation, the Asia Pacific liquid roofing market is segmented into reroofing and repairs and new construction. In 2024, the reroofing and repairs segment is expected to dominate the market with 74.91% market share
- On the basis of end user, the Asia Pacific liquid roofing market is segmented into residential building, commercial building, industrial building, and public infrastructure. In 2024, the residential building segment is expected to dominate the market with 61.36% market share
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the Asia-Pacific Liquid Roofing Market that include are 3M (U.S.), BASF SE (Germany), Henkel Corporation (Germany), Sika AG (Switzerland), and Pidilite Industries Ltd. (India).
Market Developments
- In October 2021, STP Limited, India received ISO 9001:2015 certification for their quality management system, validating their adherence to international standards. This certification encompasses the manufacture and supply of cement and resin-based construction chemicals, reinforcing their commitment to excellence. With annual audits ensuring continued compliance, STP Limited maintains its reputation as a trusted provider of high-quality products for the building and allied industries
- In April 2020, STP Limited, India proudly announced its recent achievement of ISO 14001:2025 certification, marking a significant step towards environmental sustainability. This certification recognizes the company's commitment to minimizing its environmental footprint and implementing effective environmental management practices. STP Limited demonstrates its dedication to protecting the environment while ensuring the highest quality products for its customers
Regional Analysis
On the basis of countries, the market is segmented into China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, Singapore, Thailand, Philippines, New Zealand, rest of Asia-Pacific.
As per Data Bridge Market Research analysis
China is expected to dominate the Asia-Pacific Liquid Roofing Market
In Asia-Pacific, China is expected to dominate the Asia-Pacific Liquid Roofing Market due to rapid urbanization and industrialization have fueled extensive construction activities, creating a substantial demand for roofing solutions.
For more detailed information about the Asia-Pacific Liquid Roofing Market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-liquid-roofing-market
