Global Liquid Roofing Market: Overview
Any kind of dampness in a structure, whether due to weather and external influences, or internal plumbing systems, affects its longevity adversely. It can lead to a number of issues such as deterioration of electrical fittings, softening and crumbling of plasters, efflorescence and metal corrosion. With the growing demand of quality infrastructure, the need for efficient liquid proofing has augmented to a new level. New structures as well as old have high demand of being weather-resistant and having highly elastic roofing solutions. This is a primary factor that is anticipate to auger the rise of the global liquid roofing market.
Liquid roofing solutions involve the use of cold substances, unlike other processes used for coating. This offers high safety to residents, workers and contractors due to reduced risk of fire. Use of liquid roofing also aides in prevention of uneven spots, bumps, any overlaps over roof surface, etc. Additionally, liquid roofing systems are highly tenable, cost lower to maintain, are proven to be more durable than other water proofing systems, and lasts for a longer duration. While being an environment friendly option, the monolithic membrane structure used in liquid proofing contracts and expands with the changes in temperature.
Global Liquid Roofing Market: Trends and Opportunities
The use of reflective coatings for darker roofing options for achieving better reflection of heat is anticipated to uplift the market growth over the coming years. Using bitumen coatings as an agent for waterproofing is also expected to emerge as a winning trend over the years. There have been a number of regulations introduced by the Environment Protection Agency (EPA, U.S) that encourage use of asbestos in roofing materials.
The ever rising concerns over the use of cool roofs for the benefit of the environment is expected to present bountiful opportunity to the market for liquid proofing. The growing need to reduce the carbon footprints is another factor that could contribute to rise in market demand in the upcoming years. The incrementing number of research activities currently associated with the cost cutting during roof installations is anticipated to positively influence the demand for the global liquid roofing market. Various advances in building aesthetics, efficiency of membrane materials used in coatings, and expanded use of acrylic resin are expected to be emerging points of interest in the market.
Global Liquid Roofing Market: Geographical Analysis
Developing regions are expected to witness a surge in the demand for liquid proofing, on account of the vast number of newly emerged industries and production facilities. These are expected to propel the demand liquid proofing solutions in the industrial and non-residential segment on a large basis. Geographies such as Asia Pacific, largely due to India, Japan and China, are considered to be among leading regions within this group.
Developed regions, such as Europe and North America are moving toward the construction of green and energy efficient structures. This is a vital factor that could provide an impetus to the growth of liquid proofing market in these regions. They also have an existing base of durable construction and industries, and the rise in demand for technological advances in residential areas is expected to contribute toward the popularity of liquid proofing systems. Thus, over the years, both emerging and developed geographies are anticipated to witness high demand for the market of liquid proofing.
Global Liquid Roofing Market: Companies Mentioned
Organizations participating in the global liquid roofing market are anticipated to increasingly engage in strategic business decisions such as acquisitions, mergers and joint ventures to further strengthen their product portfolio, broaden their market presence and gain better position in the market revenue share.
Some of the prominent vendors of the worldwide liquid roofing market are Johns Manville Corporation, BASF SE, 3M Company, KEMPER SYSTEM Inc., Sika AG, Akzo Nobel, Saint-Gobain S.A., Kraton Performance Polymers Inc. and GAF Materials Corporation.
The global liquid roofing market is segmented as follows:
- Global Liquid Roofing Market, by Type
- Polyurethane Coatings
- Acrylic Coatings
- Bituminous Coatings
- PU/Acrylic Hybrids Modified Silane Polymer
- EPDM Rubbers
- Epoxy Coatings
- Silicone Coatings
- Elastomeric Membrane
- Global Liquid Roofing Market, by End-Use
- Residential Buildings
- Industrial Facilities
- Commercial Buildings
- Public Infrastructure
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
- 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?
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.