Roof Coating Market Growth Forecast at 5.86% CAGR to 2020 with China and Other Developing Countries Leading This Roof Coating Growth

PUNE, India, September 21, 2015 /PRNewswire/ --

Global roof coating market has been growing in accordance with the construction industry, regulations to incorporate cool roofing, and changing preferences of people towards sustainable building techniques.

Complete report on roof coating market spread across 177 pages, profiling 10 companies and supported with 104 tables and 61 figures is now available at http://www.reportsnreports.com/reports/383454-roof-coating-market-by-type-elastomeric-bituminous-tiles-metals-technology-water-based-solvent-based-roof-type-low-sloped-steep-sloped-equipment-airless-sprayers-brushes-rollers-application-residential-non-residential.html .

The cool roof coating market has attracted significant demand in recent times, particularly because reducing energy consumption has become the primary goal of many countries and companies especially in the U.S. Protective roof coating helps enhance the economic life of roofs by protecting them from UV degradation. Using a roof coat helps organizations to meet their sustainability goals by reducing wastage of resources, such as energy and money. Roof coatings also help repair roof leaks, reduce roof surface temperatures, reflect solar radiation, and reduce cooling loads, and in turn, reduce energy consumption.

Major roof coating market associations are focusing on spreading awareness about roof coatings, their benefits, and cost-effectiveness. They are also giving importance to the "do-it-yourself" application process, which allows the end user to apply the roof coat himself, given the proper information and training. There are also some roof coating market manufacturers that are associated with providing roof coating training to contractors and individuals. Consulting services are also provided by few roof coating market manufacturers to help consumers choose the most effective coating for their roof.

The bigger players in roof coating market have a strong distribution network across the world and the financial strength to sustain them. The same cannot be said about new entrants in the market. For the roof coating industry, it is essential to have a strong distribution network to enable timely delivery of the product to customers, whenever needed. New entrants find it difficult to compete against established players in this regard. Even end users prefer products from established players, rather than new players. Companies profiled in this report include Akzonobel N.V., The Valspar Corporation, BASF SE, The Dow Chemical Company, Nippon Paint Co. Ltd., PPG Industries, Inc., Graco Inc., The Sherwin-Williams Company, RPM International Inc. and Hempel A/S. Order a copy of Roof Coating Market by Type (Elastomeric, Bituminous, Tiles, Metals), Technology (Water Based, Solvent Based), Roof Type (Low Sloped, Steep Sloped), Equipment (Airless Sprayers, Brushes & Rollers) Application (Residential, Non-Residential) & Geography - Global Forecast to 2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=383454 .

The global roof coating market was worth $916.20 million in 2014 with market for elastomeric and plastic roof coating to grow at the highest CAGR. Emerging economies offer attractive opportunities while non-residential sector occupies more than 90% of the overall roof coating market. Bituminous and tiles segments captured largest share in the emerging Asia-Pacific roof coating market in 2014 with emerging markets estimated to grow at a faster rate than developed markets. This research also provides roof coating market life cycle analysis and by region.

The key players adopted inorganic growth strategies, such as acquisitions and partnerships & agreements to increase their presence in the roof coating market. These companies aim at strengthening their position in the developed markets of Europe and North America and on entering the emerging roof coating markets of the Asia-Pacific region and the Middle East. They invest considerably to acquire coating businesses of local as well as established market players to reinforce their market position in the particular region.

For decision makers and stakeholders in the construction industry, chemicals market and related sectors, ReportsnReports.com has multiple newly published and relevant research titles that may be of interest

Roofing Chemicals Market by type (Acrylic Resin, Asphalt, Elastomer, Epoxy Resin and Styrene), by Application (Membrane, Elastomeric, Bituminous, Metal and Plastic Roofing Materials) and by Region - Global trends and forecast to 2020: The key application is metal roofing, which accounted for ~27% in terms of value of the global roofing chemicals market in 2014; followed by bituminous, elastomeric, membrane, and plastic roofing. Asia-Pacific was the largest market globally for roofing chemicals in 2014, in terms of volume. It accounted fora share of ~36.6%, in terms of value, in 2014. There is tremendous scope of roofing chemicals in the Asia-Pacific market due to the escalation of China's economy and rapid industrialization in the region. China is the key consumer of roofing chemicals in Asia-Pacific. Elastomer & styrene is the fastest-growing segment for roofing chemicals in Asia-Pacific. Market players including AkzoNobel N.V (Europe), BASF SE (Europe), Dow Chemicals (U.S.), 3M Company (U.S), Owens Corning (U.S), Johns Manville (U.S), GAF Materials Corporation (U.S.), HB Fuller (U.S.), Kraton Performance Polymers (U.S), and Saint-Gobain (Europe) are discussed in this research available at http://www.reportsnreports.com/reports/403120-roofing-chemicals-market-by-type-acrylic-resin-asphalt-elastomer-epoxy-resin-and-styrene-by-application-membrane-elastomeric-bituminous-metal-and-plastic-roofing-materials-and-by-region-global-trends-and-forecast-to-2020.html .

About Us:  

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Connect With Us on:  

Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689

LinkedIn: http://www.linkedin.com/company/reportsnreports

Twitter: https://twitter.com/marketsreports

G+ / Google Plus: https://plus.google.com/111656568937629536321/posts

Pinterest: http://www.pinterest.com/comeonseo/reportsnreports/

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml

Contact:
Ritesh Tiwari
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Maharashtra, India.
+ 1 888 391 5441
[email protected]

SOURCE ReportsnReports