Reports and Data estimates the global Elastomeric Roof Coating competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Elastomeric Roof Coating during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Garner-Gibson Inc. (U.S.), BASF SE (Germany), Nippon Paint Holdings Co. Ltd. (Japan), Hempel Group (Denmark), AkzoNobel N.V. (Netherlands), Sika AG (Switzerland), Kansai Paint Co. Ltd. (Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.), Sherwin-Williams Company (U.S.)
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Elastomeric Roof Coating Overview :-
The global elastomeric roof coating market size was significantly robust in 2021 and is expected to grow at a CAGR of 4.78% in terms of revenue over the forecast period. Increasing use of elastomeric roof coating in the commercial construction and building sector for larger building roofs coupled with benefits such as durability, easy repair and maintenance, and improved energy efficiency is a major driving market revenue growth. In addition, its use in the sustainable housing industry due to great heat reflectivity and lower cost of air conditioning within the house is another major factor driving revenue growth of the market.
Elastomeric coating is a liquid application solution, which is prepared from acrylic or silicone. Its polymers, known as elastomers, are highly stretchable and flexible, and thus, membranes can stretch and return to their original shape without tearing or becoming brittle. Hence, it is a weather resistant alternative to normal acrylic paint that is applied on roof tops. In addition, this material is highly waterproof and widely used along with asphalt base coats to provide maximum water and leak resistance to the roof. Moreover, these coats are nearly ten times thicker than paints, which extend longevity of the product. As a result, it can last for up to 20 years, and hence becomes cost effective in the long run for commercial spaces. Furthermore, they have high reflectivity property towards UV rays. Hence, they keep inner space within the building cooler during summers. Owing to this property, electricity used for air conditioning decreases. Thus, multiple government organizations, such as the U.S. Department of Energy, are encouraging use of this product to lower greenhouse gas emissions.
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For the purpose of this report Reports and Data has segmented global Elastomeric Roof Coating market on the basis of type, application, and region:
Form (Revenue, USD Billion; 2019-2030)
- For Elastomeric
- For Tiles
- For Metals
- For Bituminous
Application/ End Use Outlook (Revenue, USD Billion; 2019-2030)
- Residential Building
- Commercial Building
- Education Building
- Healthcare Building
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Elastomeric Roof Coating during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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