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 that the Global Liquid Roofing Market is expected to reach USD 14.07 billion by 2031 from USD 7.96 billion in 2023 growing with a CAGR of 7.4% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increased Focus on Construction and Infrastructural Growth
Governments and private sectors alike are investing heavily in building new structures and renovating existing ones to meet the demands of growing populations and urbanization. This surge in construction activities creates a robust demand for roofing solutions that are not only durable and reliable but also cost-effective and easy to install – qualities that liquid roofing systems excel in.
Liquid roofing offers several advantages over traditional roofing materials, making it an attractive choice for various construction projects. Its seamless application ensures a watertight seal, preventing leaks and water damage, which is crucial for maintaining the integrity of buildings and infrastructure. Moreover, liquid roofing systems can be applied to complex roof geometries and irregular surfaces, offering versatility in design and construction. These qualities make liquid roofing particularly suitable for large-scale projects 0where speed, efficiency, and long-term performance are paramount.
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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U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Spain, Turkey, Netherlands, Switzerland Belgium, Rest of Europe, China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, Singapore, Thailand, Philippines, New Zealand, Rest of Asia-Pacific, Saudi Arabia, Egypt, United Arab Emirates, South Africa, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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RPM International Inc.(U.S.), 3M (U.S.), BASF SE (Germany), Henkel Corporation (Germany), Sika AG (Switzerland), BMI Group Holdings UK Limited (U.K.), SOPREMA (France), Saint-Gobain Weber (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.), Triflex (U.K.) Limited. (U.K.), Polyroof Products Ltd (U.K.), STP Limited (U.K.), Gaco.( U.S.), KEMPER SYSTEM (Germany), Triton Systems.( U.S.), Liquid Roofing Systems Ltd (U.K.), ALT Global, LLC (U.S.), Restec Roofing (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 market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
The global liquid roofing market is segmented into five notable segments which are based on type, roof type, substrate, installation, and end user.
- On the basis of type, the 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 global liquid roofing market
In 2024, the bituminous coatings segment is dominating the market due to its excellent waterproofing properties, affordability, and ease of application with a market share of 30.75%
- On the basis of roof type, the market is segmented into flat roof, pitched roof, saw tooth, and others. In 2024, the flat roof segment is dominating the market with a market share of 54.65%
- On the basis of substrate, the market is segmented into concrete, composite, metal, and others
In 2024, the concrete segment is expected to dominate the global liquid roofing market
In 2024, the concrete segment is dominating the market due to several factors such as, concrete roofs being prevalent in various construction projects, including commercial, industrial, and residential buildings .with a market share of 51.24%
- On the basis of installation, the market is segmented into reroofing and repairs and new construction. In 2024, the reroofing and repairs segment is dominating the market with a market share of 74.96%
- On the basis of end user, the market is segmented into residential building, commercial building, industrial building, and public infrastructure. In 2024, the residential building segment is dominating the market with a market share of 61.37%
Major Players
Data Bridge Market Research analyzes RPM International Inc.(U.S.), 3M (U.S.), BASF SE (Germany), Henkel Corporation (Germany), Sika AG (Switzerland) as the major market players in global liquid roofing market.
Market Development
- In December 2022, 3M commits to cease PFAS production by 2025, aligning with evolving regulatory and stakeholder expectations. CEO Mike Roman emphasizes innovation to navigate changing landscapes, reflecting 3M's dedication to sustainable growth and value creation. This strategic shift underscores 3M proactive stance in addressing environmental concerns and meeting societal demands
- In December 2022, Akzo Nobel N.V. enhances its performance coatings portfolio through the acquisition of Lankwitzer Lackfabrik’s wheel liquid coatings business. This move bolsters AkzoNobel’s position by expanding its range of innovative products, complementing its existing powder coatings offering. In conclusion, the acquisition solidifies AkzoNobel's foothold in the coatings industry, promising enhanced capabilities and product diversity
- In July 2022, Henkel Corporation entered into partnership with Bodo Möller Chemie Group, offering a full range of thermally conductive materials. Henkel Bergquist's solutions address growing demand, particularly in the automotive and aviation sectors, providing a comprehensive portfolio from a single source, making them an ideal partner. Liquid Roofing.
- In March 2022, Sika AG joined the World Green Infrastructure Network (WGIN) and its European Chapter, reinforcing its commitment to sustainable practices. With a legacy dating back to 1910, Sika's innovative solutions in bonding, sealing, and reinforcing contribute to sustainable transportation and construction, aligning with WGIN's mission to advance green infrastructure globally. This partnership underscores the importance of industry collaboration in promoting environmental stewardship and building a greener future
- In September 2020, BASF SE solar reflective acrylic coatings, enhance adhesion to challenging substrates, providing a sustainable solution for energy efficiency and environmental benefits. These coatings offer ease of application, longevity, and effective heat reflection, contributing to reduce energy consumption and mitigating the heat island effect, thus addressing climate change concerns and promoting sustainability
Regional Analysis
Geographically, the countries covered in the global virtual infrastructure manager market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Spain, Turkey, Netherlands, Switzerland Belgium, rest of Europe, China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, Singapore, Thailand, Philippines, New Zealand, rest of Asia Pacific, Saudi Arabia, Egypt, United Arab Emirates, South Africa, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate and be the fastest-growing region in the global liquid roofing market
Asia-Pacific is expected to dominate and fastest growing country in market due to the rapid urbanization and industrialization in countries such as China, India, and Southeast Asian nations have led to a rise in construction activities across residential, commercial, and industrial sectors.
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