Roof Coating

Roof Coating

Global Roof Coatings Market to Reach $7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Roof Coatings estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Elastomeric, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bituminous segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6% CAGR

The Roof Coatings market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$896.3 Million by the year 2027.

Acrylic Segment to Record 3.3% CAGR

In the global Acrylic segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$960.5 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 153 Featured) -

• Akzo Nobel NV
• Anvil Paints & Coatings, Inc.
• Armor Coat Roof Coatings
• Asian Paints (India) Ltd.
• BASF SE
• DowDuPont, Inc.
• Duro-Last, Inc.
• GAF
• Gardner-Gibson, Inc.
• Hempel A/S
• Johns Manville Corporation
• Kansai Paint Co., Ltd.
• National Coatings Corporation
• Nippon Paint Holdings Co., Ltd.
• PPG Industries, Inc.
• RPM International, Inc.
• Sika AG
• SK Kaken Co., Ltd.
• SR Products
• Surface Chemists of Florida
• The Karnak Corporation
• The Lubrizol Corporation
• The Sherwin-Williams Company
• Tikkurila Oyj
• Wacker Chemie AG

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