Global Liquid Applied Roofing Market Size, Share & Trends Analysis Report By Type, By Application, By End-user, By Region, and Segment Forecasts, 2023 - 2030

Global Liquid Applied Roofing Market Size, Share & Trends Analysis Report By Type, By Application, By End-user, By Region, and Segment Forecasts, 2023 - 2030

Global Liquid Applied Roofing Market Size, Share & Trends Analysis Report By Type, By Application, By End-user, By Region, and Segment Forecasts, 2023 – 2030

The Global Liquid Applied Roofing Market was valued at around US $3.21 billion in 2022 and is expected to reach US $5.89 billion by 2030 with a CAGR of 8.51% during the forecast period.

Systems for liquid roofing coat roof surfaces in a liquid condition that subsequently solidifies into a smooth, long-lasting membrane. In addition to providing defence against water and UV rays, this membrane shields roof substrates from other environmental factors. The viscosity of liquid coating ingredients is thicker than that of ordinary household paint. Because of their unique engineering that increases their tensile strength and elongation, they can withstand the expansion and contraction of roofing substrates without breaking or distorting.

For applying liquid membrane roofing, tank spreaders or hydraulic airless sprayers are frequently utilised. For some applications, a nap roller or squeegee may be used to ensure effective and consistent covering on the roof surface.

Liquid-applied roofing solutions are widely employed in a variety of construction applications, including high-performance coatings, complicated roof designs, balconies and terraces, and new building projects. When constructing new buildings, whether they be for commercial, industrial, or residential uses, liquid applied roofing is frequently utilised. Because of its liquid state, it may be sprayed directly to a variety of roofing substrates, such as bitumen, concrete, and metal, to create a uniform, seamless membrane that offers superior waterproofing protection. When it comes to roofing renovations, liquid applied roofing is the best option. It can be applied over currently installed roofing materials to successfully prolong roof life and stop leaks of water. Its versatility in sticking to different surfaces guarantees a solid connection and reduces the need for expensive and time-consuming tear-off processes.

Moreover, the application versatility of Liquid Applied Roofing makes it appropriate for roofs with complicated architectural patterns, many penetrations, and uneven shapes. It forms a seamless and waterproof surface when applied and moulded around protrusions, vents, and other roof components with ease. Liquid-applied roofing has several advantages, which is why it is frequently employed in the construction of new and renovated residential, commercial, and institutional structures. Global efforts to create green buildings are growing in order to lower building emissions' total carbon impact. For example, the Indian government offered tax benefits for buildings that have received Design certification in February 2023. In line with the strategy, construction projects can apply for low-interest loans from the Indian government through the Indian Renewable Energy Development Agency (IREDA).

A further motivator is the rising need for waterproof roofing.

“Elastomeric membranes segment, by type, to be dominating market from 2023 to 2030.”

The market is segmented into bituminous, elastomeric, and cementitious membranes based on type. In 2022, elastomeric membranes dominated the worldwide liquid applied roofing market, and they are anticipated to hold that position for the duration of the forecast. Over the course of the forecast period, the greatest CAGR is anticipated. Elastomeric membranes are elastic, flexible roofing systems that are applied liquid applied. They are usually composed of polymeric compounds or synthetic rubber. These membranes are perfect for usage in a range of weather conditions and temperature swings because they have elastomeric qualities, which allow them to expand and contract without suffering major damage.

Asphalt, metal, and concrete are among the roofing substrates on which elastomeric membranes can be put with ease. Because of their flexibility, they can adjust to uneven roof surfaces and take into account structural changes, guaranteeing a stable and continuous roof system. The global market for elastomeric membranes has grown rapidly due to its combination of exceptional waterproofing characteristics, durability, flexibility, energy efficiency, and sustainability.

“Automotive services segment, by application, to be dominating market from 2023 to 2030.”

The market is segmented into roofing, walls, building structures, and highways based on the application. In addition to having the most market share in 2022, the automotive sector is predicted to grow at the fastest rate during the projection period. In the construction business, liquid-applied roofing is becoming more and more well-liked as a flexible and efficient option. It entails applying liquid membranes or coatings directly to the roof surface, where they cure to create a seamless, long-lasting roofing system. This technique has helped the liquid applied roofing market expand and has a number of advantages over conventional roofing materials. Liquid applied roofing offers excellent waterproofing properties, which is one of its main advantages.

“Residential construction segment, by end user, to be dominating market from 2023 to 2030.”

There is a significant demand for these roofing systems because the residential building industry is the largest end-user segment in the liquid applied roofing market. Because liquid applied roofing is suitable for a wide range of residential roofing requirements and has many benefits, it has become more and more popular in residential applications.

Throughout the projection period, the segment with the fastest growth will be commercial construction. The global increase in commercial construction projects is propelling the expansion of this market. For example, OVHCloud announced in September 2022 that building on a new data centre facility in Limburg, Germany, will begin. The purpose of the Limburg facility is to strategically capitalise on the growing demand for data centres as part of the French data centre provider's global expansion strategy.

“North America to be largest region in Liquid Applied Roofing Market.”

Geographically, the market is split into North America, Europe, Asia-Pacific, and other regions. In 2022, the dengue market was driven by Asia Pacific. The industry is expanding as a result of government incentives for building projects throughout the region as well as rising urbanisation and population.

Due to increased worries about waste management and water availability, Europe is expected to develop at the quickest rate during the projected period. Furthermore, a rise in regional government initiatives to implement liquid applied roofing is anticipated to propel market expansion throughout the area.

Liquid Applied Roofing Competitive Landscape

The competitive landscape of the Liquid Applied Roofing Market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Liquid Applied Roofing technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Liquid Applied Roofing Market is highly competitive, with numerous companies vying for market share. Prominent companies in the Liquid Applied Roofing Market include:

Major Players:

BASF

Sika AG

Keshun Waterproofing Technologies

Dow Inc.

Saint-Gobain

Carlisle Companies, Inc.

RPM International Inc

Recent Developments:

January 18, 2023: The admixtures business of MBCC Group will be acquired by Sika AG and INEOS Enterprises in particular locations. The United States, Canada, Europe, the United Kingdom, Australia, and New Zealand are among the regions covered. This purchase is a component of the corrective action needed in order for Sika to purchase MBCC Group.

December 21, 2022: Sika recently commemorated the commissioning of a new mortar and liquid membrane production facility in China. The building of this factory serves the growing need for premium, environmentally friendly products in the construction industry while also strengthening and expanding the company's position in the area.