Asia-Pacific Liquid Roofing Market, By 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) - Industry Trends and Forecast to 2031
Asia-Pacific Liquid Roofing Market Analysis and Size
Factors like growing demand for water proofing solutions, increased focus on construction and infrastructural growth are expected to drive the market growth rate during the forecast period. The major restraint that fluctuating raw material prices for liquid roofing products. Growing demand for green liquid roofing expected to provide opportunities for market growth. However, installation and weather dependency complexity are projected to challenge the market growth.
Data Bridge Market Research analyses that the Asia-Pacific liquid roofing market is expected to reach the value of USD 5.42 billion by 2031 from USD 2.99 billion in 2023, growing with a CAGR of 7.8% during the forecast period of 2024 to 2031.
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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 Year
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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, BASF SE, Henkel Corporation, Sika AG, BMI Group Holdings UK Limited, SOPREMA, SAINT-GOBAIN, Dow, Johns Manville, MAPEI S.p.A., Akzo Nobel N.V., Henry Company, KRATON CORPORATION, Pidilite Industries Ltd., Garland Industries, Inc., GAF, Inc., H.B. Fuller Company, STP Limited, India, RPM International Inc., KEMPER SYSTEM, ALT Global, LLC, and Widopan Products GmbH among others
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Market Definition
The liquid roofing market refers to the segment within the construction industry that deals with the application of liquid-applied membranes or coatings to roofs for waterproofing and protection purposes. These liquid roofing materials are typically composed of polymers, bitumen, resins, and various additives, providing flexibility, durability, and resistance to weathering. The market encompasses products used in both new construction projects and the refurbishment of existing roofs across residential, commercial, industrial, and institutional buildings.
Asia-Pacific Liquid Roofing Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of these are discussed in detail below:
Drivers
- Growing Demand for Waterproofing Solutions
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.
- 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.
Opportunity
- Growing Demand for Green Liquid Roofing
The awareness of environmental issues continues to rise, there is a heightened focus on sustainable building practices. Green liquid roofing, which utilizes eco-friendly materials and techniques, aligns well with this trend. Consumers and businesses alike are increasingly prioritizing solutions that minimize environmental impact, making green liquid roofing an attractive option for both new construction and roof refurbishment projects.
In addition, advancements in technology and material science have led to the development of innovative green liquid roofing products that offer superior performance and durability compared to traditional roofing materials. These advancements include enhanced weather resistance, improved insulation properties, and longer lifespan, making green liquid roofing a compelling choice for building owners looking to invest in long-term, sustainable solutions. The liquid roofing market can drive growth while contributing to a more environmentally friendly construction industry by aligning with the growing demand for sustainable building practices. The increasing demand for green liquid roofing is expected to create an opportunity for the market growth.
Restraint/ Challenge
- Availability of Alternative Substitutes
Traditional roofing materials such as asphalt, metal, and single-ply membranes pose significant competition to liquid roofing solutions due to their established market presence and perceived performance. Familiarity and ease of installation with conventional materials often deter users from exploring liquid roofing options, as contractors may be hesitant to invest in new techniques and equipment. Despite the advantages of liquid roofing in terms of durability and sustainability, overcoming this barrier requires efforts to educate the market, address installation concerns, and showcase its value proposition. Continued innovation and cost-effective solutions are crucial for positioning liquid roofing as a compelling choice in the construction industry, restraining its market growth.
Recent Development
- 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
Asia-Pacific Liquid Roofing Market Scope
Asia-Pacific liquid roofing market is segmented into five notable segments based type, roof type, substrate, installation, and end user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bituminous Coatings
- Acrylic Coatings
- Elastomeric Membranes
- Silicone Coatings
- PU / Acrylic Hybrids
- Polyurethane Coatings
- Epoxy Coatings
- EPDM Rubbers
- Others
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, others.
Roof Type
- Flat Roof
- Pitched Roof
- Saw Tooth
- Others
On the basis of roof type, the Asia-Pacific liquid roofing market is segmented into flat roof, pitched roof, saw tooth, and others.
Substrate
- Concrete
- Composite
- Metal
- Others
On the basis of substrate, the Asia-Pacific liquid roofing market is segmented into concrete, composite, metal, and other.
Installation
- Reroofing and repairs
- New construction
On the basis installation, the Asia-Pacific liquid roofing market is segmented into reroofing and repairs and new construction.
End User
- Residential Building
- Commercial Building
- Industrial Building
- Public Infrastructure
On the basis end user, the Asia-Pacific liquid roofing market is segmented into residential building, commercial building, industrial building, and public infrastructure.
Asia-Pacific Liquid Roofing Market Regional Analysis/Insights
The Asia-Pacific liquid roofing market is segmented on the basis of type, roof type, substrate, installation, and end user.
The countries covered in the Asia-Pacific liquid roofing market report are China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, Singapore, Thailand, Philippines, New Zealand, rest of Asia-Pacific.
China is expected to dominate the market due to rapid urbanization and industrialization have fueled extensive construction activities, creating a substantial demand for roofing solutions.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Liquid Roofing Market Share Analysis
The Asia-Pacific liquid roofing market competitive landscape provides details of competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Asia-Pacific liquid roofing market.
Some of the major players operating in the Asia-Pacific liquid roofing market are 3M, BASF SE, Henkel Corporation, Sika AG, BMI Group Holdings UK Limited, SOPREMA, SAINT-GOBAIN, Dow, Johns Manville, MAPEI S.p.A., Akzo Nobel N.V., Henry Company, KRATON CORPORATION, Pidilite Industries Ltd., Garland Industries, Inc., GAF, Inc., H.B. Fuller Company, STP Limited, India, RPM International Inc., KEMPER SYSTEM, ALT Global, LLC, and Widopan Products GmbH among others.
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