Market Analysis:
The Global Liquid Roofing Market is projected to expand exponentially at a favorable CAGR during the forecast period (2018-2023). Liquid Roofing is a process to waterproof a roof by applying a special liquid roof coating and it is ideal for all forms of roof including domed, pitched and flat. This coating is applied for protecting the roof against weather conditions. Liquid roofs are of various types of which the most common include coatings, tar and spray foam. Some of the benefits of using liquid proofing include waterproofing, cost-effective and high quality. It is gaining significance owing to the fact that it is easy to maintain, is flexible, green, durable, sustainable and economical.
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There are many factors that is driving the growth of the Liquid Roofing Market. Some of these factors as per the Market Research Future (MRFR) report include increasing growth in construction activities, demand for energy efficient building, cost-effective choice, rapid urbanization, creation of eco-cities, increase in living standards, high disposable incomes and favorable government regulations namely REACH regulations by EU and Clean Water and Air Act by EPA (Environmental Protection Agency). On the other hand, factors such as fluctuating prices of raw materials utilized in the liquid roofing process and soaring price of elastomeric membrane is anticipated to hamper the growth of the liquid roofing market.
Market Segmentation:
Market Research Future report offers an all-inclusive Segmental Analysis of the Liquid Roofing Market on the basis of Type and Application.
Based on Type, it is segmented into epoxy coatings, elastomeric membranes, cementitious membrane, modified silane polymers, EPDM polymers, bituminous, silicone, PU/acrylic hybrids, acrylic coatings and polyurethane coatings. Of these, elastomeric membranes is expected to have the maximum share in the market owing to its wide utilization in the construction sector to protect the roof against extreme weather conditions.
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Based on Application, the Liquid Roofing Market is segmented into public infrastructure, commercial buildings, industrial facilities and residential building. Of these, residential buildings will lead the market during the forecast period. The residential building includes every form of residential structure namely apartments, condominiums, cottages, town houses and houses.
Regional Analysis:
Based on Region, the Liquid Roofing Market covers growth opportunities and latest trends across Asia Pacific, North America, Europe and Middle East and Africa. Of these, the APAC region will remain at the fore owing to rise in infrastructural activities and large-scale investments made in countries such as Indonesia, China and India. North America will have the second largest share owing to rising demand for liquid roofing solutions from the region’s flourishing construction industry. The Liquid Roofing Market in Europe is expected to have a considerable growth during the forecast period with construction activities being carried out in plenty in the Western European countries. The Liquid Roofing Market in Latin America is anticipated to expand significantly owing to the development of the emerging economies namely Chile, Brazil and Argentina. In Middle East and Africa, the Liquid Roofing Market is anticipated to grow substantially during the forecast period.
Key Players:
Leading players profiled in the Liquid Roofing Market include PARKER HANNIFIN CORP (US), Kemper System Inc. (US), Indium Corporation (US), KRATON CORPORATION (US), Saint-Gobain (US), Johns Manville (US), ALT Global, LLC (US), Sika AG (Switzerland), 3M (US), Akzo Nobel N.V. (Netherlands), BASF SE (Germany) and The DowDuPont Inc. (US).
Feb 2019- Renowned leader in roofing systems and waterproofing based in the UK, Langley has finally come up with its latest liquid roofing system, Paracoat Cold Polyurea which can be utilized for walkways, balconies and flat roofs. It comes with a 25 years long life expectancy and is accessible both in warm and cold roof applications. This is the fastest systems and within about 3 hours after being placed, the roof will be ready to withstand foot traffic. Fast application indicates installers need to be on the site for lesser time and above all will reduce the disruption of clients, the building as well as its occupants.
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