Global 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.
Liquid Roofing Market Analysis and Insights
Growing demand for waterproofing solutions and increased focus on construction and infrastructural growth will emerge as the major market growth driving factors. The rising usage of 2k polyurethane liquid roofing will further aggravate the growth of the market. Growing awareness for roof restoration are some other factors bolstering the growth of market. However, fluctuating raw material prices for liquid roofing products, availability of alternative substitutes will act as a growth restraint for the market.
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.
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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., 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 (A Subsidiary of Carlisle Companies Inc.), KRATON CORPORATION, Pidilite Industries Ltd., Garland Industries, Inc., GAF, Inc., H.B. Fuller Company, Triflex (UK) Limited., Polyroof Products Ltd, STP Limited, Gaco., KEMPER SYSTEM, Triton Systems., Liquid Roofing Systems Ltd, ALT Global, LLC (As a Subsdiary of WestWood Kunststofftechnik), Restec Roofing, 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.
Global Liquid Roofing Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is 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 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.
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.
Restraints/ Challenges
- Fluctuating Raw Material Prices For Liquid Roofing Products
Fluctuations in raw material prices for liquid roofing products have long been a significant impacting manufacturer, contractors, and ultimately, consumers due to disruption in supply chains, increases production costs. The volatility in raw material costs directly influences the overall production expenses, leading to uncertainties in pricing strategies and profit margins. This unpredictability can hinder market growth as manufacturers may struggle to maintain competitive pricing while ensuring profitability. Moreover, sudden spikes in raw material prices can disrupt supply chains and production schedules, causing delays in project timelines and potentially driving up costs for end-users.
In addition, fluctuating raw material prices create a barrier to entry for new players in the market. The uncertainty surrounding input costs makes it challenging for startups and small businesses to establish stable pricing structures and compete with established firms. This dynamic can limit market innovation and diversity, as companies may be more inclined to focus on cost-saving measures rather than investing in R&D initiatives to improve product quality and performance.
- Liquid Roofing Gets Slippery Over Time
Liquid roofing has emerged as a popular choice among architects, contractors, and building owners due to its ability to provide seamless and continuous protection against water ingress, even on complex roof geometries. In addition, liquid roofing systems offer excellent adhesion to various substrates, including concrete, metal, and asphalt, making them suitable for a wide range of applications across residential, commercial, and industrial sectors. Considering the market, understanding the phenomenon of surfaces becoming slippery is crucial for both manufacturers and consumers. Addressing concerns related to surface slipperiness becomes imperative to ensure the safety and effectiveness of these roofing systems as the demand for liquid roofing solutions continues to rise globally.
Recent Developments
- In December 2022, Dow partnered with AB Specialty Silicones to distribute elastomeric roof coatings, enhancing market access and supporting sustainability goals. This collaboration leverages AB Specialty Silicones' expertise and Dow's investment in silicone polymer capacity, promoting the adoption of durable, highly reflective coatings for energy efficiency and urban heat reduction.
- 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
Global Liquid Roofing Market Scope
Global liquid roofing market is segmented into five notable segments which are based on type, roof type, substrate, installation, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the differences in your target markets.
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 market is segmented into bituminous coatings, acrylic coatings, elastomeric membranes, silicone coatings, PU / acrylic hybrids, polyurethane coatings, epoxy coatings and EPDM rubbers, and others.
Roof Type
- Flat Roof
- Pitched Roof
- Saw Tooth
- Others
On the basis of roof type, the market is segmented into flat roof, pitched roof, saw tooth and others.
Substrate
- Concrete
- Composite
- Metal
- Others
On the basis of substrate, the market is segmented into concrete, composite, metal, and others.
Installation
- Reroofing and Repairs
- New Construction
On the basis of installation, the market is segmented into reroofing and repairs and new construction.
End User
- Residential Building
- Commercial Building
- Industrial Building
- Public Infrastructure
Based on end user, the market is segmented into residential building, commercial building, industrial building, and public infrastructure.
Global Liquid Roofing Market Reginonal Analysis/Insights
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 geography, the market is segmented into 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.
Asia-Pacific region is expected to dominate the global liquid roofing market rise in construction activities across residential, commercial, and industrial sectors. China is dominating in Asia-Pacific due to the rapid urbanization and industrialization in countries and Southeast Asian nations This substantial construction boom has significantly increased the demand for roofing solutions, including liquid roofing, to meet the needs of new infrastructure projects and building renovations. Germany is dominating in Europe due to its emphasis on sustainability, quality, and innovation. U.S. is dominating in North America due to its extensive research and development initiatives, coupled with a vast network of manufacturing facilities and distribution channels. American companies leverage cutting-edge technologies, such as advanced polymer formulations and application techniques, to deliver durable, weather-resistant roofing solutions.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Liquid Roofing Market Share Analysis
The global liquid roofing market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major players operating in the global liquid roofing market are RPM International Inc., 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 (A Subsidiary of Carlisle Companies Inc.), KRATON CORPORATION, Pidilite Industries Ltd., Garland Industries, Inc., GAF, Inc., H.B. Fuller Company, Triflex (UK) Limited., Polyroof Products Ltd, STP Limited, Gaco., KEMPER SYSTEM, Triton Systems., Liquid Roofing Systems Ltd, ALT Global, LLC (As a Subsdiary of WestWood Kunststofftechnik), Restec Roofing, and Widopan Products GmbH among others.
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