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Asphalt Roof Coatings: Introduction

  • Asphalt roof coatings contain asphalt fibers. These fibers bind the coating together and protect its integrity. This ensures that the finished coating is strong and holds up well over many years.
  • A specially formulated roof coating is designed for usage on asphalt shingles. Its unique formulation provides excellent durability, superior fade resistance, and smooth low sheen that resists cracking, peeling, and chipping, while binding the shingles together to resist wind lift-up.
  • Asphalt roofing is an ideal fit for home as economical roof protection. It is widely used fire-resistant covering. Asphalt is the kind of material that is widely used for residential roofing due to its relatively low cost and easy installation.
  • Asphalt roof coating is one of the most affordable choices out of all the roofing materials that are available. This makes asphalt roof coating an ideal option for homeowners.
  • No special tools are required for the installation of asphalt roof coatings. Installation time is also lower, as there is very little or no prep work is needed. Thus, it does not take as long to install an asphalt shingle roof as it might if one is using another roofing material.

Key Drivers and Restraints of Global Asphalt Roof Coatings Market

  • Significant growth of the construction industry is a key factor driving the global asphalt roof coatings market. Construction volume is expected to rise by 85% by 2030. This is likely to boost the consumption of asphalt roof coatings.
  • Extreme temperature fluctuations can cause asphalt roof coatings to expand and contract, resulting in cracks. Extreme heat can also cause asphalt shingles to crack. These technical disadvantages are restricting the asphalt roof coatings market.

Asphalt Roof Coatings: System Segment

  • Based on system, the asphalt roof coatings market can be segmented into modified bitumen, built-up roof, and multi-ply roof
  • Built-up roofing is particularly effective for large commercial properties. Its finished membrane, which consists of alternating layers of bitumen and reinforcing fabrics, is an ideal option for flat or low slope roofs.
  • Built-up roofing offers high resistance against fire & strong winds and is energy efficient

Asphalt Roof Coatings: Technology Segment

  • Based on technology, the global asphalt roof coatings market can be divided into water-based and solvent-based
  • Acrylic, a form of water-based roof coating, accounts for large share of the market. Acrylic coatings are popular due to their excellent low temperature flexibility and good long-term weathering resistance.

COVID-19 Impact on Asphalt Roof Coatings Market

  • Since the beginning of 2020, the global economy has been experiencing downturn with the outbreak of the COVID-19 pandemic. The COVID-19 pandemic is anticipated to significantly affect the production and distribution of asphalt roof coatings across the globe.
  • Governments of several countries have imposed strict lockdowns to curb the spread of the COVID-19 pandemic. Many manufacturing companies are either shut down or running low on production capacity.
  • Decrease in industrial activities due to the pandemic has been adversely impacting the global asphalt roof coatings market

North America Holds Major Share of Global Asphalt Roof Coatings Market

  • In terms of region, the global asphalt roof coatings market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is the major region of the global asphalt roof coatings market. The market in the region is estimated to expand at a rapid pace during the forecast period due to the high demand for bitumen roof in the region. The U.S. is the largest consumer of asphalt roof coatings in the region.

Key Manufacturers Operating in Global Asphalt Roof Coatings Market

The global asphalt roof coatings market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global asphalt roof coatings market include:

  • Dow Corning Corporation
  • Henry Company
  • Aluminum Coatings Manufacturers
  • Acrymax Technologies, Inc.
  • Air Products and Chemicals, Inc.
  • BASF SE
  • APV Engineered Coatings
  • RaynGuard
  • Chemsol, Inc.
  • BariteWorld
  • Boral
  • HEIDELBERGCEMENT AG
  • Atlas Roofing Corporation

Global Asphalt Roof Coatings Market: Research Scope

Global Asphalt Roof Coatings Market, by Type

  • Styrene Ethylene Butylene Styrene (SEBS)
  • Urethane
  • Silicone
  • Acrylic

Global Asphalt Roof Coatings Market, by System

  • Bitumen
  • Built-up Roof
  • Multi-ply roof

Global Asphalt Roof Coatings Market, by Technology

  • Water-based
  • Solvent-based  

Global Asphalt Roof Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Asphalt Roof Coatings Market

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